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Indian Right Wing Leader Calls for White Paper on Casino Industry

Niji Narayan

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Indian Right Wing Leader Calls for White Paper on Casino Industry
Photo Source: manapool.co.uk
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In a list of publicly articulated questions to Chief Minister Pramod Sawant, Subhash Velingkar, a leader of the Indian right-wing organisation Rashtriya Swayamsevak Sangh (RSS) has called for a white paper on casino industry in the Indian state of Goa. He also urged the Goan Chief Minister Pramod Sawant to set up a date by which offshore casinos would be moved outside the state capital.

Mr. Velingkar has accused the government, a coalition government led by BJP, whom the RSS supports, of being in cahoots with the casino industry and demanded a white paper on the cost-benefit ratio of casino gambling to the coastal state.

In a list of publicly articulated questions to Chief Minister Pramod Sawant, Velingkar on Monday also demanded a definite date by which offshore casinos would be moved outside the state capital.

“Successive BJP governments in Goa have cheated the people vis-a-vis its assurances that the casino industry in Goa would be shut down,” Velingkar, who now heads the regional political party, the Goa Suraksha Manch, told the media here.

“In the 2012 Assembly elections, the BJP made opposition to casinos as one of their key poll issues. When they came to power, the party threw the issue into the dustbin. (Late Chief Minister Manohar) Parrikar announced that by 2015, the casinos would be driven out of the Mandovi. People thought he would do it, but they were cheated once again because the casinos are still here,” he added.

 

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Asia

Donaco Reopens DNA Star Vegas

Niji Narayan

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Donaco Reopens DNA Star Vegas
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Donaco International has reopened DNA Star Vegas with limited operations on September 25.

Donaco does not expect any material additional expenses to be incurred following the limited reopening of the casino as the border with Thailand, where most of the casino’s patrons have traditionally originated, remains closed.

The company will continue to maintain its tight cost control strategy, while operations remain at limited operating capacity – and management will maintain the discretion to tailor up or down the pace of operations to local conditions.

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Asia

Macau Lawmaker Jose Maria Pereira Coutinho Calls for Legalisation of Online Gambling

Niji Narayan

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Macau Lawmaker Jose Maria Pereira Coutinho Calls for Legalisation of Online Gambling
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Macau lawmaker Jose Maria Pereira Coutinho has urged the enclave government to legalise online gambling in order to help overcome the economic challenges brought about by the COVID-19 pandemic.

“Macau should introduce interactive gaming. The Macau SAR government should establish official standards and regulations on interactive gaming, and develop interactive gaming software together, in order to increase revenue from gaming tax and to further develop gaming industries,” Coutinho said.

Gross gaming revenue in Macau is down 81.6% January through August, casino win totalling roughly $4.5 billion. The six licensed casino operators in the Chinese Special Administrative Region won approximately $24.8 billion during the same eight months in 2019.

Taxes from casino gambling account for nearly 90% of Macau’s government revenue. With the money plummeting due to the coronavirus, and the enclave largely isolating itself from the rest of the world, including the mainland, Coutinho believes taking casinos online is a viable remedy.

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Asia

IEC Secures Casino Licence in Manila

Niji Narayan

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IEC Secures Casino Licence in Manila
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Hong Kong-based International Entertainment Corporation (IEC) has obtained a provisional licence to operate a casino in Manila.

In June the firm, which operates New World Manila Bay Hotel and Casino through its subsidiary Marina Square Properties (MSPI), said it planned to redevelop an unnamed existing hotel to create a new integrated resort (IR) in the capital.

In a filing on Friday, it confirmed it has received a letter from the Philippine Amusement and Gaming Corp (PAGCOR) conditionally approving the issuance of a provisional licence.

The firm said: “MSPI and PAGCOR will further negotiate for the terms of the provisional licence agreement to be entered into between PAGCOR and MSPI in relation to the grant of the provisional licence.

“As and when there is further development in relation to the provisional licence agreement, the company will comply with all relevant requirements, and where necessary, make further announcements in accordance with the Listing Rules as and when appropriate.”

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