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Closed market:Inside Asian Gaming reported that almost all iGaming is currently prohibited in Macau with the sole exception of a few soccer and basketball-themed sportsbettincrypto and gambling ngbig games operated by Macau Slot Company Limited. 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.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 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. 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.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. Although such entertainment will be exempt from existing gaming duties acrypto and gambling ngbind taxes, organizers will purportedly also be compelled to return 58% of any stakes and pay a 12% turnover tax.The highly anticipated 2020 Battle of Malta live event was originally scheduled for October but was postponed due to the ongoing COVID-19 pandemic....
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.According to a report from the news domain at iGamingBusiness.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....
