Saturday, February 24, 2024

Tag: taxes

Macau sees gaming tax revenue increase by 18 percent in first quarter

Macau money
Macau’s government has seen its take from direct taxes on gambling increase by 17.7 percent year-on-year in the first quarter of 2018, say the city’s Financial Services Bureau. The city collected approximately MOP26.30 billion (US$3.25 billion) in fiscal revenues compareed with MOP22.34 billion collected in the same period of 2017. Direct taxes from gaming brought in 84.5 percent of the Macau...

Contested elections and taxes: The rocky road ahead for Kenya

Casino Review
In the wake of one annulled election followed by a rerun widely boycotted for fear of farce Kenya has now seen the main opposition party declared a criminal group, and its leader appointing himself as unofficial leader of the nation.   Alone this would prove a difficult market environment for operators to work in, but those in the industry have additionally...

Botswana cancels US$30 tourism tax

Casino Review - Minister Botswana oath
The government of Botswana has cancelled the introduction of a US$30 levy on tourists - aimed at raising money to preserve its safari operations - fearing a backlash from tourism industry stakeholders. Permanent Secretary in the Ministry of Environment, Natural Resources and Conversation, Jimmy Opelo, told a Parliamentary Accounts Committee: “This withdrawal is to enable the Ministry and Botswana Tourism...

Market insight: Tax rates and red tape on investment hamper growth in Vietnam

Thua Thien Hue vietnam
Andrew M. Klebanow, senior partner at Global Market Advisors, gives the low-down on the strengths and weaknesses of the Vietnamese integrated resort market.   International Casino Review: As Vietnam’s IR offering expands, what features of the country’s casino market will make it attractive for overseas players? Andrew M. Klebanow: Vietnam remains a very appealing gaming and vacation destination. Overall, the country’s...

No one will pity anybody: Tax hike to impact Russian industry growth

Three casino plots in Primorye up for auction primorsky tax
  Russian casino operations are preparing for the impact of the Duma’s plans to raise gaming taxes throughout the Russian Federation by next year. In November, the Duma approved the first reading of the crucial bill that could lead to Russian-licensed gambling operators’ tax obligations doubling by January 2018. Russia does not impose taxes on gross gaming revenues, instead imposing monthly flat...