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Significant supply:Macau is home to some of the world’s largest and most famous gambling venues including the iconic Casino Grand Lisboa from SJM Holdings Limited with all of these properties reportedly required to pay a gross gaming revenues tax that typically hovers at around 39%.The gambling regulator for the South American nation of Colombia has reportedly published measures that are to regulate the temporary legalization of online scratchcard and bingo games.Coronavirus closures:Colombia is a nation of over 50 million inhabitants and reportedly shuttered every one of its land-based gaming outlets in March as a direct result of the ongoing global epidemic....
This levy provided around 90% of the city’s total income last year although local casinos recently experienced five consecutive months of coronavirus-induced downturns in which their aggregated takings fell by at least 90% year-on-year. Most of these venues purportedly remain closed with only select few in the city Medellin having so far re-opened following criticism from the industry and the submission of a petition said to have featured some 17,000 signatures.Lenient levy:The news domain reported that bingo operators offering their contests online are to now be additionally obliged to ‘take measures to restore the game to its last known state’ should a video stream be temporarily interrupted or offer complete refunds if this is not possible....
Coronavirus closures:Colombia is a nation of over 50 million inhabitants and reportedly shuttered every one of its land-based gaming outlets in March as a direct result of the ongoing global epidemic. The regulations moreover purportedly require the video feed for any contest to continually show the mechanical ball blower and game board although some exceptions are to be made for competitions utilizing an electronic random number generator to select their winning numbers.com, the move from the Coljuegos authority comes after the country ratified a measure in June that has allowed online participation in such entertainments until the end of next year....
The source furthermore detailed that the recent coronavirus-provoked slump in gaming taxes has even led to the emergence of rumors that the city may be about to launch an inaugural lottery similar to the Mark Six service already offered to punters in nearby Hong Kong. This levy provided around 90% of the city’s total income last year although local casinos recently experienced five consecutive months of coronavirus-induced downturns in which their aggregated takings fell by at least 90% year-on-year.”Scrutiny obligation:Coutinho’s plea reportedly comes approximately four months after the enclave’s Gaming Inspection and Coordination Bureau regulator declared that it was prepared to ‘listen to any suggestions that would help the development of the industry’ but would be required to ‘carefully study’ any moves towards legalizing online gambling....
The gambling regulator for the South American nation of Colombia has reportedly published measures that are to regulate the temporary legalization of online scratchcard and bingo games. Macau’s government [should simultaneously] establish official standards and regulations on interactive gaming and develop interactive gaming software in order to increase revenues from gaming tax and further develop gaming industries in Macau.In Macau and a senior legislator has reportedly urged the government to consider legalizing some forms of iGaming so as to help the city’s public coffers recover from the ongoing impact of the coronavirus pandemic....
