Asia

The Governance Commission for Government-owned and Controlled Corporations (GOCC) declared on Wednesday it has suggested the separation of regulatory and commercial functions of Philippine Amusement and Gamong Corp (PAGCOR). The GOCC commission made the suggestion to President Rodrigo Duterte, stateting it was “due to PAGCOR’s conflicting proprietary activities and regulatory functions in which its operation…

The government of People’s Republic of China has given sanction for the development of horse racing and sports lottery in Hainan, the southernmost island of the country. The move is expected to give an impetus to the tourism activity in the province. According to reports by the official Xinhua News, the Chinese Cabinet approved a…

Rodrigo Duterte, the Philippines President, has emphatically supported the ban on new casinos in Boracay Island. The President declared that the clean-up operations will continue and there would be no new casinos in the island. The paradise island is facing sewerage and environmental problems that forced the head of state to close the destination, potentially…

According to Japanese brokerage Nomura, Japan is on the path to pass its Integrated Resorts Implementation Bill during the second half of this year or the maximum by the first half of 2019. This report arrived on the wake of the agreement reached earlier this week, among members of the ruling coalition, the Liberal Democratic…

Japan’s the ruling coalition of the Liberal Democratic Party and Komeito Party is gearing up for an overhaul of the gambling legislation in the country. The 30% tax proposal the other day was a beginning. The government is now planning to introduce further measures. Apart from setting a 30 per cent tax for casino operations,…

The Japanese government is all set to impose a 30 per cent tax for casino resorts in the country’s cities. The proposal put forward by the ruling coalition of Liberal Democratic Party and Komeito party on matters relating to integrated resorts in Japan suggests 30 per cent tax for casino operations. The proposals also limit…