Asia

Philippine President supports ban on casino

The HALLO ECHO

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…

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New Japanese casino law likely in the second half of 2018

The HALLO ECHO

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…

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Japanese ruling party okays bill proposal

The HALLO ECHO

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,…

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Japan to slap 30% tax on casinos

The HALLO ECHO

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…

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Lawrence Ho makes clear that over six licensees in Macau are not required after the gaming concessions expire in 2020

The HALLO ECHO

Lawrence Ho, the Chairman and Chief Executive of Melco Resorts and Entertainment Ltd, the Macau casino license holder made himself loud and clear at an event on Monday that after the current gaming concessions expire in 2020 or 2022, there is no need for more than six licensees in Macau. He emphasised that “It’s really…

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Indian Government to enforce a law to regulate online betting and gambling in the nation

The HALLO ECHO

Gambling is a state subject, and only states in India are entitled to formulate laws for gambling activities within their respective states. In association member of Maharashtra Legislative Council Ranjit Patil said that the State government will promptly enact a law to regulate online betting and gambling. Though there are laws to govern betting and…

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