The Philippines’ gaming tax regime puts it at an advantage over some Asian peers and makes the business commercially viable, according to gaming industry consulting firm The Innovation Group.
The Philippines market regulator may be considering regulation to allow local Filipinos to gamble online to make up for plummeting revenue from the country’s legal gambling outlets, according to industry sources.
The Philippine government’s target to double revenue from online gambling looks to be on shaky ground, as only half the operators have resumed business following Covid-19 and other licensing jurisdictions look to benefit from the fallout.
The regulator of the Philippines online gambling industry, Philippine Amusement and Gaming Corporation (PAGCOR) has warned for some time now that online operators could be leaving the country for greener pastures.
Recent changes to Kazakhstan’s sports betting law are likely to fuel black market gambling and slash tax revenue for the government, experts say.
Macau’s existing six casino operators are likely to retain their licenses, but the government is likely to impose extra economic conditions in return, according to a lengthy analysis of potential outcomes of the concession renewal process by Bernstein Research.
Cambodia’s National Assembly has unanimously approved a long-awaited law to govern the country’s casinos.
Presidential spokesman Harry Roque took issue on Thursday with suggestions that the reduction in the number of Philippine Offshore Gaming Operators (POGOs) operating in...
Philippines President Rodrigo Duterte has signed an economic recovery package into law that will seek to more than double the amount of revenue the government gets from Philippine Offshore Gambling Operators (POGOs).
An Australian federal court has ruled that the amount of taxes the company must pay when bringing in VIP gamblers on junkets has been...