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According to a report from the news domain at iGamingBusiness. 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. 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....
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.Coutinho reportedly proclaimed…“It is suggested that Macau should introduce interactive gaming.According to a report from the news domain at iGamingBusiness....
Significant supply:Macau is home to some of the world’s largest and most famous gambling venues including the iconic Casino Grand Lisboa from SJM Holdings Limited with all of these properties reportedly required to pay a gross gaming revenues tax that typically hovers at around 39%.Prize pool:A 0 Main Event bocom, the move from the Coljuegos authority comes after the country ratified a measure in June that has allowed online participation in such entertainments until the end of next year....
The highly anticipated 2020 Battle of Malta live event was originally scheduled for October but was postponed due to the ongoing COVID-19 pandemic. The source furthermore detailed that the recent coronavirus-provoked slump in gaming taxes has even led to the emergence of rumors that the city may be about to launch an inaugural lottery similar to the Mark Six service already offered to punters in nearby Hong Kong.”According to the press release, additional initiatives as part of Playtech’s Sustainable Success strategy will be detailed across the year....
”Scrutiny obligation:Coutinho’s plea reportedly comes approximately four months after the enclave’s Gaming Inspection and Coordination Bureau regulator declared that it was prepared to ‘listen to any suggestions that would help the development of the industry’ but would be required to ‘carefully study’ any moves towards legalizing online gambling.According to a report from Inside Asian Gaming, Jose Maria Pereira Coutinho (pictured) has served as a member of the former Portuguese enclave’s Legislative Assembly since 2005 and believes that legalizing online gaming would also allow local businesses to further diversify their activities. 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....
