ONLINE CASINOS ARE TAKING OVER THE WORLD
Generally, one of the main things that are happening around the world is shifting from the traditional way of working and having fun to the options we have on the world wide web, where online casinos are definitely at the…
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…
NETHERLANDS IGAMING MARKET “TO BECOME ONE OF EUROPE’S BIGGEST”
A report from Online Casino Ground concludes that the country could build one of the largest markets on the continent. The Netherlands.- A report released by Online Casino Ground says that the Netherlands’ online gambling market “is set to become one of…
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…
GERMAN ONLINE SLOTS TAX COULD THREATEN REGULATED MARKET
A proposed 8 per cent tax on slot turnover could hinder player protection and hurt the newly regulated market, a report warns. Germany.- A report from the Düsseldorf Institute for Competition Economics (DICE) warns that a proposed 8 per cent tax on online slot…
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…
BRAZIL REMAINS DIVIDED OVER LEGALISATION OF GAMBLING
As the country debates whether or not to legalise gambling, those in favour are divided between casinos or integrated resorts. Brazil.- All eyes remain on Brazil as one of the most attractive potential markets for gaming although for now gambling…
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 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 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…