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The highly anticipated 2020 Battle of Malta live event was originally scheduled for October but was postponed due to the ongoing COVID-19 pandemic.nificant 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%. 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....

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com, 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. 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.“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....

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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.Coutinho reportedly proclaimed…“It is suggested that Macau should introduce interactive gaming. 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....