PHILIPPINES BANKS WARNED OVER ILLEGAL ONLINE GAMBLING
The Philippines.- The Bangko Sentral ng Pilipinas (BSP) has warned financial institutions in the country not to allow the movement of funds for online gambling. BSP deputy governor Chuchi Fonacier reminded BSP-supervised institutions that they must follow requirements on customer due…
CHINA ANNOUNCES ILLEGAL GAMBLING ‘AMNESTY’
By Robin Harrison China’s Ministry of Public Security has announced an amnesty in which individuals that come forward to confess their involvement in illegal gambling operations will avoid serious punishment, provided they do so by 30 April. The ‘Notice on…
PHILIPPINES BILL ON ONLINE BETTING MOVES FORWARD
A house committee has agreed on charging a 5 per cent tax on legal online betting on sabong. The Philippines.- The Philippine House Committee on Ways and Means has given the green light to the bill proposing new taxes for…
MACAU CE SAYS ECONOMIC RECOVERY DEPENDS ON VACCINE
The chief executive of the SAR, Ho Iat Seng, says a vaccine is vital to the recovery of the economy. Macau.- Chief Executive Ho Iat Seng has said that recovery of the economy, tourism and employment in the SAR will…
MACAU GAMING LAW REVISION NOT LIKELY UNTIL LATE 2021
Consolidation of the bases and advancement in adversity was the thrust of Macau Chief Executive’s policy address for 2021, though it gave little away when it came to the current pillar of the economy – the gaming industry. According to Ho…
MACAU CONSIDERS LEGALISING ONLINE GAMBLING
Adriano Ho, Head of the DICJ, said the government was conducting studies on the possibility. Macau.- Gaming authorities in Macau have confirmed they are studying the possibility of legalising online gambling, but raised concerns over its potential use for money…
JAPAN IR ECONOMIC BENEFITS
While the number of contenders willing to host an integrated resort has dropped dramatically over the past year or two, four runners–Yokohama, Osaka, Wakayama, and Nagasaki are continuing their campaign to win a spot in Japan’s integrated resorts future. Each…
MACAU GAMING TAX COLLECTION DOWN 74% YEAR-ON-YEAR
In the first ten months of 2020, authorities collected US$3bn. Macau.- Macau’s Financial Services Bureau (DSF) has reported that in the first ten months of the year the gaming tax collection was only MOP24.3bn (US$3bn), 74 per cent less than…
CHINA EXTENDS SUSPENSION OF INBOUND AND OUTBOUND GROUP TOURS
China’s Ministry of Culture and Tourism has announced that a suspension on both inbound and outbound group tours organized by travel agencies or online travel operators will remain in place. The Chinese authority has also determined not to resume “flights…
PHILIPPINES COULD RECONSIDER BAN ON ONLINE GAMBLING
The government is seeking to increase income from gaming taxes to fund pandemic relief efforts. The Philippines.- The Philippine Amusement and Gaming Corp. (PAGCOR) could make changes to the current legislation on online gambling for locals in order to cope…