Compliance Updates

CNMI Governor Ralph DLG Torres Willing to Revise New e-Gaming Licence Fee

Published

3 years ago

September 13, 2021

Niji Narayan

governor.virginia.gov

Reading Time: < 1 minute

Ralph DLG Torres, Governor of the Commonwealth of the Northern Mariana Islands, has said he is willing to form a working group to devise a more reasonable increase for e-gaming licence fees. The news comes after Mariana Entertainment and MP Holdings asked the Saipan and Northern Islands Legislative Delegation to amend the increased fee.

The current law signed by Gov. Ralph DLG Torres imposes an additional fee of 15% on all electronic gaming devices on Saipan, including machines located within e-gaming facilities or hotels. He has now said that he hopes a group can look at how to assist the affected e-gaming operators.

Torres said: “I understand that the business entities are struggling with the new fees but I believe that there has also got to be a solution.”

He added: “We do need additional revenue, and I have asked the Legislature to look at additional revenue-generating bills, but I’m not asking the Legislature to impose additional taxes on the community.”

The increased fee was proposed by Rep. Ralph Yumul, the brother of the CEO of Imperial Pacific International, a direct competitor to the slot parlour, which the e-gaming operators say causes a conflict of interest.

Related Topics:e-gaming licence electronic gaming devices Mariana Entertainment MP Holdings Ralph DLG Torres

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.