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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. Casinos in the state are required to have a physical presence to operate online gaming services.Top-rated supplier NetEnt has its presence in the state of Pennsylvania thanks to online cas ino australia legal real money no deposit bonus apoxa partnership with The Cordish Companies....

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The source explained that such 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. It was a priority of PlayLive! to partner with the brand.NetEnt now has an even stronger market position in Pennsylvania, where the brand’s games have proven to be a big hit among players....

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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 th7 million in additional annual funds to help counter the nationwide impact of the coronavirus pandemic. It was a priority of PlayLive! to partner with the brand....