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The much-anticipated regulation of online gaming in Germany re-enforces our position as the most globally regulated and responsible operator in our industry.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.’Earnest execution:Shay Segev, Chief Executive Officer for GVC Holdings, used the press release to proclaim that his firm is now hoping to have fully implemented the complete range of Tolerance Policy initiatives by ‘the early part of 2021’ with these likely set to result in its earnings before interest, tax, depreciation and amortization falling on an annualized basis by up to ￡40 million (....

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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 holdicasino near me florida ecqmng a Philippine Offshore Gaming Operator (POGO) license. These venues are still being constructed. 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....

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