Asia

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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India: MeitY Releases Draft Amendments to the IT (Intermediary Guidelines & Digital Media Ethics Code) Rules, 2021 in Relation to Online Gaming

 The HALLO ECHO
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  The Ministry of Electronics and Information Technology released draft amendments to the IT intermediary rules 2021, pertaining to Online Gaming for public consultations. The draft has been prepared to ensure that online games should be offered in conformity with Indian laws and that the users of such games be safeguarded against potential harm. On…

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India: Panel Tasked with Submitting a Report on iGaming Taxation Proposal Yet to Submit its Findings

 The HALLO ECHO
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  A panel of Indian state finance ministers tasked with submitting a report on proposed taxation of the booming iGaming sector has yet to submit its findings. The report is crucial to a final decision on how the levies should be imposed, a senior government official said. However, the panel is unlikely to reach a…

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Vote on Macau Junket Bill to Take Place This Month

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  Macau’s new junket law is expected to be presented to the Legislative Assembly for its final vote on December 15, after the body debating its conditions signs off on its opinion on December 9. According to reports, the bill will prohibit junkets, agents or management companies from receiving funds for gaming purposes, subject to…

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Cambodia Issues New Guidelines for Gambling Businesses

 The HALLO ECHO
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  The General Secretariat of the Commercial Gambling Management Commission of Cambodia has issued new guidelines for gambling businesses in Cambodia. The guidelines are aimed at gambling operators and the managers of casino operations to ensure the effective implementation of laws governing commercial gambling and to protect the legitimate rights of operators in the sector.…

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India: High-level Cricket Betting Ring Busted at Sawai Mansingh Stadium in Jaipur

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  Jaipur police busted a high-level betting ring which was operating from the Sawai Mansingh cricket stadium in Rajasthan’s Jaipur. A total of 37 bookies were taken into custody and 70 mobile phones were seized by officials. The betting was done by watching the live telecast of cricket matches. The bets were regarding the ongoing…

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