Tag Archives: Taxes
- Belgium wants dedicated social gaming blacklist, higher taxes for poker pros
October 1, 2014
Belgium’s gambling watchdog is asking its government to broaden its mandate to allow it to go after operators of free-play gambling apps. The Belgian Gaming Commission (BGC) last sounded the alarm over social gaming back in June, warning that app makers were doing a craptacular job of verifying the ages...
- Pagcor, Entertainment City casinos agree to cut license fees temporarily
May 12, 2014
Pagcor's plan to lower the license fees for its casino licensees took a step forward after all parties involved came to an agreement to temporarily reduce the fees by 10 percent of gross gaming revenues effective April 1, 2014. The announcement was made in a joint statement issued by Pagcor...
- Court of Tax Appeals says Pagcor franchisees no longer tax exempt
March 3, 2014
The Philippines' Court of Tax Appeals (CTA) has made a ruling that should make franchisees under the Philippine Amusement and Gaming Corp. (Pagcor) feel a little bit squeamish: you're no longer exempt from paying your income taxes. Thunderbird Pilipinas Hotels and Resorts Inc. found that out the hard way after...
- Philippines can be bridesmaids to Macau depending on taxes
October 10, 2013
Some people may have scoffed at the Philippines' ambitious goal to be the second biggest gaming hub in Asia, but at least one casino mogul believes that the country has the resources to pull it of. Melco Crown co-chairman Lawrence Ho knows what he's talking about when it comes to...
- BIR’s 30 percent income tax ruling a curveball for Entertainment City investors
May 3, 2013
Very rarely do you see casino operators and its investors be surprised about anything. But in the Philippines, operators and investors were thrown for a loop after the country's Bureau of Internal Revenue (BIR) issued Revenue Circular 33-2013, which says that Pagcor, as well as its contractees and licensees, are...
- Miami’s Miccosukee Indians blame lawyer for $26m of owed taxes
February 14, 2012
The Miccosukee Indians have made an unprecedented admission that over one hundred of its members owe the US government millions of dollars in taxes handed out from gambling profits at its West Miami-Dade casino operation. According to a report by The Miami Herald the details were unleashed during a malpractice lawsuit brought by...