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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. 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. 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. no deposit bonus xm 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 onlemu casino no deposit bonus code 2018y 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.

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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 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. Best Online Blackjack Casino Reddit Nsyo ” As Maryland voters will decide this fall whether or not to approve sports betting in the state, gambling companies are spending big bucks to try and persuade residents to select yes on the ballot. FanDuel and DraftKings are two companies that would offer services in the state if the option is approved this fall. slots of vegas mobile Both have supported a group called Vote Yes on Question 2 and have spent over million to positively promote sports betting. Finance reports were filed on Friday, showing that of the . Spin Casino No Deposit Bonus Rbqg

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In August and September, DraftKings decided to add another million to the account. online poker legislation free online video poker 9 6 huge slots free spins FanDuel contributed as well, adding . 5 million in funds. Casinos in the state as well as the Maryland Jockey Club have also provided support for the cause, but they have put their efforts behind a group called Fund Our Future. doubleu casino down The casinos and the club have provided free advertising on-site as well as via mailings and social media. slots online to win real money raging bull 200 free spins

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