Saturday, March 6, 2021
Home tax

tax

The Venetian gondola ride hit with US$2.3 million tax bill

A Macau court has issued a ruling determining that the gondola ride service at The Venetian will have to pay MOP18.9 million (US$2.3 million) in tourism taxes.

Russian gambling tax take reaches US$22.3 million in 2020

Russian authorities have revealed to the local media that the state’s take in gambling taxes for the year 2020 reached RUB1.59 billion (US$22.3 million).

Japan government confirms no taxes for foreign visitors’ casino winnings

In response to questions from an opposition lawmaker, the Suga government has confirmed that it no longer plans to establish a system of taxation for the casino winnings of foreign visitors.

Macau gaming tax take down 73.6% in 2020

The Macau government collected MOP29.8 billion (US$3.7 billion) in gaming taxes in 2020, a 73.6 percent year-on-year drop from the previous year, official data showed. 

POGO tax bill passes lower house

The Philippines’ House of Representatives has passed a new bill imposing taxes on Philippine Offshore Gaming Operations (POGOs), but it will still need to be reconciled with upper house legislation before it can become law.

Record US$151 million collected in POGO taxes in 2020

Taxes collected by the Bureau of Internal Revenue (BIR) from the Philippine Offshore Gaming Operators (POGOs) increased to PHP7.18 billion (US$151 million) in 2020, despite the suspension of operations last year due to community lockdowns and the flight of many firms.

Philippines legislature working on new bill for taxing POGO workers

The Philippine House of Representatives has started considering the substitute bill to House Bill 5777 on taxing persons engaged in Philippine Offshore Gaming Operations (POGOs). House Committee on Ways and Means Chair Joey Sarte Salceda hopes the additional revenues will prove useful for the cash strapped government. 

Philippine tax authorities deny tax refund claim of junket operator

The Philippine Court of Tax Appeals has affirmed the denial of a tax refund claim from Prime Investment Korea, a junket gaming operator, over the corporate income tax it paid for the year 2014.

Primorye casino tax incentives extended to end of year

The local government has decided to extend tax incentives for the two casinos facing the economic challenges of the pandemic through the end of 2020. This two-month extension is estimated to reduce tax intake by about 7.3 million rubles (US$96,000).
Fighting cock

Philippines turns to cockfighting to raise revenue

The Philippines continues to focus on the gambling industry to raise revenue to fund the government’s coronavirus response, this time passing a law to tax the country’s popular online cockfighting industry.

All set for the FBM slots expansion campaign in Asia

FBM has been developing its slots offer over the last three years, with operations established in Europe and North America. The company is now accelerating its slots expansion campaign in Asia
Life After Pogos

Life After POGOs – AGB Dossier

This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
life after pogos

Life After POGOs – AGB Pop-Up Forum

The Philippines and Asia’s online gaming industry is going through uncertain times, with the gaming regulator seeing more and more operators leaving the country for greener pastures.
AGB Webinar - Acquiring and Retaining iGaming Customers

Acquiring & Retaining iGaming Customers

In this AGB Webinar Series, we covered the newest strategies for iGaming player acquisition and retention.
Agbriefings February 21

Asia Gaming Briefings – Feb 2021 Edition

The world is bouncing back, or at least coming to grips with the fact that going forward not much will be the same as before. Commendably, this industry quickly understood the need to adapt to a new normal, and that the days of targeting the low hanging fruit of the VIP sector are gone.
asia gaming briefings Dec 20

Asia Gaming Briefings – Dec 2020 Edition

Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing what 2020 may have had in store.
news, macau, gambling

Asia Gaming Briefings – Nov 2020 Edition

While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.