Connect with us
European Gaming Congress Milan
SIS

Asia

DOF: Rodrigo Duterte and Xi Jinping to Discuss China’s Worries on Illegal Online Casinos in the Philippines

Niji Narayan

Published

on

Photo source: news.abs-cbn.com
Reading Time: 1 minute

Finance Secretary Carlos Dominguez III has expressed confidence that China’s concerns over online casinos in the Philippines catering to Chinese gamblers would be resolved by Philippine President Rodrigo Duterte and Chinese President Xi Jinping when they meet later this month.

Doiminguez said he was “certain” that the Philippine government was “addressing the issues raised” by the Chinese Embassy in Manila in a recent statement.

The embassy issued a statement saying “any form of gambling by Chinese citizens, including online gambling, gambling overseas, opening casinos overseas to attract citizens of China as primary customers, is illegal.”

It also said the online casinos that had mushroomed in the Philippines had also employed Chinese citizens “illegal recruited and hired.”

The Philippine Amusement and Gaming Corp. (Pagcor) had announced the establishments of Pogo hubs for Chinese online casino workers and had written the Chinese embassy to explain what those hubs are.

Online casino operator Oriental Game was building two massive Pogo hubs in Cavite and Clark with over P8 billion in investments to also serve as a one-stop-shop for foreign workers to secure clearances from the government.

Dominguez said that the government will continue to collect personal income taxes due from foreign, mostly Chinese, workers in the Pogo sector, while also issuing tax identification numbers (TINs) to the majority of them who were still unregistered.

“The Department of Finance (DOF) and the BIR are focused on enforcing the Tax Code by requiring all foreigners with Philippine sources of income, to register and to fully meet their tax obligations,” Dominguez said.

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.

Continue Reading
Advertisement
Comments

Asia

Mohegan Opens Office in Tomakomai, Japan

Niji Narayan

Published

on

Mohegan Opens Office in Tomakomai, Japan
Reading Time: 1 minute

 

Mohegan Gaming and Entertainment has opened an office in Tomakomai, Japan. Mohegan plans to use the office both as a home base for its Japanese team and a showroom for Hokkaido residents to learn about IRs.

“At the Tomakomai Office, we plan to install not only the Mohegan company profile but also a book that summarizes Mohegan’s corporate philosophy and CSR and an IR vision book,” Mohegan said.

Mohegan recently revealed the first details of its Hokkaido IR concept, to be named INSPIRE Entertainment Resort Hokkaido and cost between US$3.5 billion and US$4.5 billion to build.

The INSPIRE name follows the theme adopted on Mohegan’s other international developments: INSPIRE Korea, set to be built in Incheon and INSPIRE Athens, a proposed IR concept in Greece.

The Hokkaido IR would include a unique museum celebrating the cultures of both the Mohegan Tribe in Connecticut and the indigenous Ainu people of Japan. To be located in a forested area of Tomakomai, it would also offer various outdoor activities for guests such as horse riding and cross-country skiing.

Continue Reading

Asia

Malaysian Budget Increases Gambling Penalties

Niji Narayan

Published

on

Malaysian Budget Increases Gambling Penalties
Reading Time: 1 minute

 

Malaysia’s Finance Minister Lim Guan Eng has announced that the punishments for both gamblers and gambling operators will be increased as part of the country’s 2020 budget. The budget has also set out that the number of four-digit lottery draws per year run by the Number Forecast Operators (NFO) will be reduced from 11 to 8.

It has been found that the maximum penalty for those who gamble illegally will be increased 20-fold from RM5000 to RM100,000. In addition to this, where previously there was no minimum sentence for gambling under the Common Gaming Houses Act of 1953, it will be now carrying out a jail term of no less than six months.

The minimum penalty of RM1m replaces the former minimum penalty of RM5000 for illegal gambling operators. Operating illegal gambling previously carried a maximum penalty of RM50,000, however, no maximum penalty is mentioned in the new budget.

The budget did not detail any changes to the upper limit on prison sentences for online gamblers, however, which is also set at six months for players, or for illegal operators, for whom the maximum sentence is three years.

Continue Reading

Asia

Analysts Predict Decline in Macau’s Casino Revenue for Q4 2019

Niji Narayan

Published

on

Analysts Predict Decline in Macau’s Casino Revenue for Q4 2019
Photo Source: scroll.in
Reading Time: 1 minute

 

Analysts have predicted a decline in Macau’s casino revenue for the fourth quarter of 2019. Financial giant Morgan Stanley said that casino gross gaming revenue (GGR) is likely to be down every month of Q4 in Macau.

Analysts Praven Choudhary, Thomas Allen and Gareth Leung said that October GGR would be 6% down year-on-year. November and December would both register a 9% decline year-on-year, ending Q4 on a bad note.

“We expect Q4 revenue growth for both mass and VIP to decelerate compared to the first nine months in Macau. Driven by high [2018] base, lower [tally of] overnight visitors and general economic slowdown,” the analysts said.

The Morgan Stanley analysts also said that they expect third-quarter property EBITDA to be down 1%. “Also weaker than seasonality of an 8% increase quarter-on-quarter,” they said.

Continue Reading
Advertisement
NSoft

Global Gaming Industry Newsletter – Weekly Digest (sent every Wednesday)

Please select all the ways you would like to hear from European Gaming Media and Events:

You can unsubscribe at any time by clicking the link in the footer of our emails. For information about our privacy practices, please visit our website.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here. Read more about European Gaming Media and Event's Privacy Policy and Terms of Service.

Subscribe to our News via Email

Enter your email address to subscribe to our news and receive notifications of new posts by email.

Latest by author

Trending

Notice for AdBlock users

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.