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According to a report from the news domain at iGamingBusiness. 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.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....
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%.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. 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....
According to a report from Inside Asian Gaming, Jose Maria Pereira Coutinho (pictured) has served as a member of the former Portuguese enclave’s Legislative Assembly since 2005 and believes that legalizing online gaming would also allow local businesses to further diversify their activities.Coutinho reportedly proclaimed…“It is suggested that Macau should introduce interactive gaming. 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....
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.Coutinho reportedly proclaimed…“It is suggested that Macau should introduce interactive gaming....
Although such entertainment will be exempt from existing gaming duties abest live casino australia psednd taxes, organizers will purportedly also be compelled to return 58% of any stakes and pay a 12% turnover tax. 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.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....
