Casino Tax Hike Included in Malaysia’s 2019 Budget Plan
Category : Events & Reports
Posted on Wednesday September 19, 2018
Is there a Saudi casino? Saudi Arabia is a tourist paradise due to the various forms of entertainment that attracts more than one foreigner. Although many come with the idea that being a country full of riches is possible to stay in a casino hotel, is far from reality. The laws in Saudi Arabia regulate
Are There Casinos in Saudi Arabia
Posted on Wednesday September 19, 2018
Many customers interested in gambling have asked us if there are there casinos in Saudi Arabia. It is true that the religious policies of this country do not like the subject of casinos very much, but it is possible to play. Of course, casino hotels in Saudi Arabia are not like the ones you would
New government considers casino tax hike economy grapples with financial scandals and growing budget deficit
Key Cayman Islands Lawmaker Slams Tougher Illegal Gambling Penalties
Posted on Thursday November 01, 2018
Opposition leader proposes alternative approach toward addressing gambling-related issues The Cayman Islands government opposition leader has criticized the recently introduced Gambling (Amendment) Bill 2018 that calls for the implementation of higher fines and longer prison terms for individuals conducting and engaging in illegal gambling services. Opposition leader Ezzard Miller has called the measure “draconian” and
The post Key Cayman Islands Lawmaker Slams Tougher Illegal Gambling Penalties appeared first on W88club.
New York Jets Join Forces with Casino Giant MGM in “First-of-Its-Kind” Deal
Posted on Wednesday October 31, 2018
The Jets pen landmark deal with casino operator MGM Resorts International shortly after 888 advertising tie-up The New York Jets and MGM Resorts International today announced a “first-of-its-kind” integrated gaming partnership that makes the casino and hospitality operator the official gaming partner of the NFL team. The announcement about the Jets/MGM tie-up arrives shortly after
The post New York Jets Join Forces with Casino Giant MGM in “First-of-Its-Kind” Deal appeared first on W88club.
Malaysia is aiming to mend its scandal-stricken economy and tackle a widening budget gap with higher license fees and tax rates for land-based casinos and slot machine operations, it became known today.
The planned changes were introduced today by Finance Minister Lim Guan Eng. The official presented his first budged under the country’s new government. The new gaming license fees and taxes are part of a larger package of tax and other financial reforms that are focused on improving Malaysia’s economy amid turbulent times. Today’s announcement came as a confirmation to reports from last month that a new casino taxation structure was under consideration as the new administration has been tussling with a massive debt and a growing budget deficit.
Mohammed Nuwwarah Takes Down WSOP Circuit Horseshoe Hammond $600 H.O.R.S.E.
Posted on Wednesday October 17, 2018
Nuwwarah captures debut WSOP Circuit title on his 32nd birthday Mohammed Nuwwarah, an Omaha, Nebraska resident with solid poker background, won last night the $600 buy-in H.O.R.S.E. that played as part of the ongoing WSOP Circuit Horseshoe Hammond series. The player captured a gold ring and a cash prize of $14,008 after besting 95 like-minded
The post Mohammed Nuwwarah Takes Down WSOP Circuit Horseshoe Hammond $600 H.O.R.S.E. appeared first on W88club.
Israeli Court Blocks Naughty 1xBet, Two Other Gambling Websites
Posted on Wednesday October 17, 2018
Russian online gambling operator 1xBet among those to face block by Israeli authorities A Tel Aviv District Court judge ruled earlier this week that three gambling websites targeting Israeli customers should be blocked. The ruling arrived after the cybersecurity unit of Israel’s State Attorney’s office requested action from a district court as part of a
The post Israeli Court Blocks Naughty 1xBet, Two Other Gambling Websites appeared first on W88club.
The newly tabled budget plan is yet to be discussed by the Malaysian government, but if it gains the necessary traction, it will increase the annual casino license fee to MYR150 million from MYR120 million. In addition, land-based casinos will be taxed at 35% on gross income. Annual slot machine license fees are planned to go up to MYR50,000 from MYTR10,000, and the gaming devices will be taxed at 30% on gross proceeds. The slot machine tax rate currently stands at 20% on gross income.
New Taxation Regime Will Not Affect Genting Significantly
While it is too early to determine how gambling operations in Malaysia will be affected by the increased license fees and tax rate, analysts believe that at least one casino operator will not suffer a heavy blow from the new regime.
Đi tìm đội hình tối ưu của Monaco dưới thời Henry
Monday October 15, 2018
Cựu danh thủ Pháp Thierry Henry vừa tiếp quản chiếc ghế nóng tại Monaco sau khi HLV Jardim. Rất nhiều công việc cần Thierry Henry thực hiện nếu muốn đưa Monaco trở lại với hình ảnh là một trong những đối trọng của PSG tại Ligue 1. Hãy cùng trandau.net đi tìm đội hình tối […]
As mentioned earlier, first indications that a new tax structure was being debated by Malaysian lawmakers emerged last month. In separate notes on the matter, Nomura International and Maybank Kim Eng Research said back in October that gaming and hospitality giant Genting Malaysia will not see any major negative impact from the planned license fee and taxation changes.
Genting Malaysia currently operates the Resorts World Genting mountain hotel and casino resort. According to analysts, the planned opening of new attractions at the property will help it weather any reforms in the way casino services are taxed. The integrated resort is set to add new facilities in the first half of 2019, including the Skytropolis and 20th Century Fox World theme parks as well as 1,500 hotel rooms and multiple dining options.
A Music Battle Like No Other! Duel of the Decades Concert Jamming at Empire City Casino Sunday, October 28
Posted on Thursday September 27, 2018
Two of the Greatest Cultural Eras – 80s versus 90s – Battle It Out On Stage in an Interactive Music Competition. Tickets on Sale Now! (Yonkers, NY) – Team 80s or Team 90s? Big hair and spandex or ripped jeans and slap bracelets? Music lovers will descend on Empire City Casino, Manhattan’s closest casino and
The post A Music Battle Like No Other! Duel of the Decades Concert Jamming at Empire City Casino Sunday, October 28 appeared first on W88club.
Forget Big Pumpkins! It’s All About Giant Laughs at Empire City Casino This October as Wednesday Comedy Nights Return
Posted on Tuesday September 25, 2018
(Yonkers, NY) – Empire City Casino has the best remedy to relax after weekends full of strenuous apple-picking and vigorous pumpkin-carving this fall. Take a break from watching the leaves change color and enjoy a date with your partner or night out with friends at the casino’s Wednesday Comedy Nights, featuring the best comedians from
Genting Malaysia has said that it targets 30 million visitors at its property by 2020 with the addition of the new facilities. Resorts World Genting received 22 million visitors last year.
Follow us on Facebook and Twitter to stay up to date on the day’s top casino news stories.
The post Casino Tax Hike Included in Malaysia’s 2019 Budget Plan appeared first on Casino News Daily.