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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 sportsbetting games operated by Macau Slot Company Limited.The highly anticipated 2020 Battle of Malta live event was originally scheduled for October but was postponed due to the ongoing COVID-19 pandemic. 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....
The gambling regulator for the South American nation of Colombia has reportedly published measures that are to regulate the temporary legalization of online scratchcard and bingo games. The source detailed that legislators decided to take this step so as to stimulate gaming activities and their resultant tax revenues in the wake of the coronavirus pandemic.Prize pool:A 0 Main Event boasting a huge guaranteed cash prize pool of ,000,000 will headline the series, which will reportedly kick off on November 1 and run through November 22....
“It’s an honor to be unveiled as the organizers’ preferred online partner, and I’m confident that this year’s Battle of Malta will be bigger and better than ever!”Event success:One of Europe’s biggest poker events, Battle of Malta is designed for low-to-mid-stakes poker players and is “synonymous with fun and the lighter side of the world’s favorite card game,” according to the source. Although such entertainment will be exempt from existing gaming duties and taxes, organizers will purportedly also be compelled to return 58% of any stakes and pay a 12% turnover tax. 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....
Although such entertainment will be exempt from existing gaming duties and taxes, organizers will purportedly also be compelled to return 58% of any stakes and pay a 12% turnover tax. The source detailed that legislators decided to take this step so as to stimulate gaming activities and their resultant tax revenues in the wake of the coronavirus pandemic. This levy provided around 90% of the city’s total income last year although local casinos recently experienced five consecutive months of coronavirus-induced downturns in which their aggregated takings fell by at least 90% year-on-year....
“It’s an honor to be unveiled as the organizers’ preferred online partner, and I’m confident that this year’s Battle of Malta will be bigger and better than ever!”Event success:One of Europe’s biggest poker events, Battle of Malta is designed for low-to-mid-stakes poker players and is “synonymous with fun and the lighter side of the world’s favorite card game,” according to the source.Prize pool:A 0 Main Event boasting a huge guaranteed cash prize pool of ,000,000 will headline the series, which will reportedly kick off on November 1 and run through November 22. 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....
