ACT-CIS Party member Niña Taduran has filed a House Resolution, appealing to competent authorities to investigate the mismatch between expected tax remittances and the actual numbers POGOs have been reporting. Philippines MP Files Resolution to Audit POGO Taxes At the request of a member of the Philippines Parliamentary House Committee on Games and Amusement a […]
Discussing the Philippine Offshore Gaming Operators, the country’s gaming regulator boss, Alfredo C Lim, said that POGOs were a positive development and they must not be regulated and taxed out of existence. PAGCOR Boss Warns the Philippines to Avoid Overregulation PAGCOR President and COO Alfredo C Lim has cautioned the government not to try and […]
Betin and SportPesa may be close to returning in Kenya after the Kenyan Tax Appeals Tribunal ruled against a government attempt to introduce taxes on players’ winnings rather than their stakes. Is SportPesa Going to Return in Kenya After Favorable Ruling? The long-embattled SportPesa sportsbook may finally see a light in the end of the […]
SportPesa shuts down Kenyan operations 453 employees are laid off Kenyan authorities still haven’t responded Kenyan sports betting operator SportPesa is pulling out of the market due to a conflict with Kenyan Parliament and a demand on the part of MPs for the company to pay 20% in back taxes. SportPesa Refuses to Agree to […]
Genting’s price went down on Monday, registering the highest slump to date in the value of the property. The events were occasioned by a mulled new tax increase, which will affect the territory Genting Malaysia Price Drop to Unprecedented Lows On November 5, Genting Malaysia’s price went down the staggering 27-30%, which had been the […]
With the recently concluded Budget meeting, British Chancellor of the Exchequer Phillip Hammond has announced new measures that will affect gambling businesses in the United Kingdom, with a tax hike confirmed and looming. Operators to Pay More Tax in October 2019 In an anticipated tax hike, British Chancellor of the Exchequers Phil Hammond revealed that […]
Amid major regulatory upheavals across Europe and the gambling industry, some good news finally come from Portugal where the government has reportedly dropped its plans to rev up gambling taxation to 25% this year as part of a budgetary assessment meeting. Will Portugal Scrap Plans for 25% Tax on Gambling? Rumors have intensified following a […]
In the face of a looming tax hike, UK gambling companies are battening down the hatches and preparing to ride the storm. The anticipated rumors of an increase in taxation will see many operator restructure and quite possibly start closing shops. Here is how companies have been preparing for the recent spate of changes in […]
Mere hours after the Irish government has announced that it would seek to increase the taxation on sports books and gambling companies in the country, Paddy Power Betfair already estimates dire consequences for its operations in Ireland. If you have been reading us, you will know that Ireland has just doubled its tax on the […]
Kenya announced a tax on winnings, the UK is announcing a tax hike on remote gaming facilities. Along with the announcement that the taxes would be hiked was the comment that it would happen before the UK government slashes the Fixed-odds betting terminals. Friday, June 15, 2018, the UK Treasury announced they would delay the […]
