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In the Philippines and President Rodrigo Duterte (pictured) has reportedly signed a piece of legislation into law that has been designed to more than double the amount of tax collected from domestic holders of an offshore gaming license. The source detailed that the revised structure has been designed to bring in more cash so as to help fill an estimated .According to a report from Inside Asian Gaming, the new Bayanihan to Recover as One Act is to require iGaming firms possessing a Philippine Offshore Gaming Operator (POGO) license to pay a 5% tax on turnover rather than revenues with an official exchange rate utilized to calculate the local equivalent of any amount owed in foreign currencies....

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2 million with the extra cash earmarked for use ‘to fund the various types of assistance’ for sectors recently impacted by the coronavirus pandemic.4 billion shortfall in the Asian nation’s coronavirus relief fund and moreover lays out penalties that could eventually see non-compliant firms unceremoniously stripped of their POGO licenses.FL looks to rake in from legal sports betting, according to a September 2018 Nielsen Sports Study (pdf) commissioned by the American Gaming Association (AGA)....

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Community care:Philippines Senator Franklin Drilon reportedly used an interview with local radio broadcaster DWIZ to assert that the new measure is destined to take this year’s tax contribution from POGO license holders up to approximately 1.The Madrid-headquartered firm used an official Monday press release published by European Gaming Media and Events to declare that the new alliance will ‘expand its content catalog’ by allowing its advanced platform to increase what it is able to offer iGamin The source detailed that the revised structure has been designed to bring in more cash so as to help fill an estimated ....

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However, it will be interesting to see how it all plays out in light of the pandemic, which, since mid-March, has put most sports in the U.S.Serious sanctions:This new franchise tax is to be areal money slots no deposit usa bzgnpplied to the higher of either a local iGaming operator’s monthly gross turnover or a pre-arranged revenue minimum....