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Prominent professional services firm Affinity Group Limited has reportedly revealed that it has recently seen a spike in the number of Asia-facing iGaming providers expressing an interest in relocating from the Philippines to the Isle of Man. Online Casino According to a report from Inside Asian Gaming, the Isle of Man-based company detailed that the rise comes after the government of President Rodrigo Duterte passed legislation last month that is to more than double the domestic tax rate for online gambling operators holding a Philippine Offshore Gaming Operator (POGO) license. Slots Of Vegas Deposit Sqol The source explained that casino slots vegassuch firms will now be obliged to pay a 5% tax on turnover rather than the previous 2% duty on revenues with state-determined exchange rates utilized to calculate the local equivalent of any amount owed in a foreign currency. Online Casino Coronavirus consequences:Affinity Group Limited offers a wide range of services that run from company formation and administration to the provision of tax efficiency and regulation compliance solutions and reportedly stated that the new regime is all part of an effort by the government of the Philippines to bring in at least 6. 7 million in additional annual funds to help counter the nationwide impact of the coronavirus pandemic. Further frustration:Alex Gardner from Affinity Group Limited reportedly declared that only 32 of the 60 iGaming firms holding a POGO license have so far been allowed to revive operations post-lockdown although under the confines of a highly controversial directive that has imposed a 30% capacity limit on employees in their Philippines offices. Gardner reportedly proclaimed…“The Philippines has historically been a jurisdiction chosen by Asia-facing operators but following the recent negative press surrounding POGO and more recently the tax increase we have seen an influx of enquiries from operators who are looking for a suitable license to either continue or start targeting the Asian market. Online Casino ” As Maryland voters will decide this fall whether or not to approve sports betting in the state, gambling companies are spencasino slots vegasding big bucks to try and persuade residents to select yes on the ballot. Online Casino FanDuel and DraftKings are two companies that would offer services in the state if the option is approved this fall. Both have supported a group called Vote Yes on Question 2 and have spent over million to positively promote sports betting. Online Casino Online Casino

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Finance reports were filed on Friday, showing that of the . Online Casino 75 million put into the Vote Yes on Question 2 group’s account, around 6,000 remains unused. The majority of the funds were spent on advertisements. Online Casino Direct mail campaigns were created along with online, radio, and TV ads. Online Casino Supporting the EffortThe banking account for the group was created back in July. At that time, DraftKings provided 0,000 in support. The campaign then went public last month. Online Casino In August and September, DraftKings decided to add another million to the account. Online Casino Online Casino FanDuel contributed as well, adding . Online Casino 5 million in funds.

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