Asia

India Govt Blocks 138 Betting Apps with Chinese Links

 The HALLO ECHO
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  The Ministry of Electronics and Information Technology (MeitY) has started blocking around 138 betting apps with China links for their alleged involvement in money laundering, and posing threat to India’s financial security. The crackdown on these platforms began after the government received an alert from a nodal officer of the Ministry of Home Affairs.…

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Cambodian Casinos Urged to Settle Non-Gambling Taxes

 The HALLO ECHO
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  The General Department of Taxation (GDT) reminded the directors of all enterprises engaged in commercial gambling to declare and pay taxes on all business activities other than gambling. In a February 2 notice, GDT director-general Kong Vibol said that they must fulfill their tax obligations for gambling in accordance with the Prakas on the…

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Alvin Chau Sentenced to 18 Years in Prison

 The HALLO ECHO
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  Alvin Chau, one of Macau’s high-profile gambling promoters, has been sentenced to 18 years in prison for racketeering and illegal gambling activities. Chau was the former chairman of Suncity Group, a Macau-based company that helped promote gambling by lending credit to high rollers. Macau is the only region in China where gambling in casinos…

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House of Representatives Votes to Explore Possibility of Casino-Entertainment Zone in Thailand

 The HALLO ECHO
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  The House of Representatives has voted in favour of a special committee’s report in exploring the opportunity of setting up a casino-entertainment zone in Thailand. After a three-hour meeting, the report was passed with 310 votes for, and nine votes against. The report, which was prepared by the special committee set up in December…

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Esports athletes & Gamers met Hon’ble MOS (MeitY) Shri Rajeev Chandrashekhar to review online gaming rules

 The HALLO ECHO
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  Led by Rajeev Chandrashekhar, Minister of State for the Ministry of Electronics and Information Technology, MeitY held a very meaningful & successful consultation with children, parents, teachers, esports athletes, gamers, and safety and trust organizations on the proposed amendments to the IT Rules 2021 in relation to online gaming on Wednesday 11th Jan at…

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Cambodia Implements New Taxation Regime for Commercial Gambling Establishments

 The HALLO ECHO
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  Cambodia has started to implement a new taxation regime on commercial gambling establishments, on a self-declaration basis. The new regime encompasses a revenue-based tax rule and procedures, following a lump sum-based regime which had been in place for decades. The gambling establishments are also required to follow the International Financial Reporting Standards, governing how…

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