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The Madrid-headquartered firm used an official Monday press release published by European Gaming Media and Events to declare that the new alliance will ‘expand its content catalog’ by allowing its advanced platform to increase what it is able to offer iGamin4 billion shortfall in the Asian nation’s coronavirus relief fund and moreover lays out penalties that could eventually see non-compliant firms unceremoniously stripped of their POGO licenses.According to a report from Inside Asian Gaming, the new Bayanihan to Recover as One Act is to require iGaming firms possessing a Philippine Offshore Gaming Operator (POGO) license to pay a 5% tax on turnover rather than revenues with an official exchange rate utilized to calculate the local equivalent of any amount owed in foreign currencies....
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Community care:Philippines Senator Franklin Drilon reportedly used an interview with local radio broadcaster DWIZ to assert that the new measure is destined to take this year’s tax contribution from POGO license holders up to approximately 1.4 billion shortfall in the Asian nation’s coronavirus relief fund and moreover lays out penalties that could eventually see non-compliant firms unceremoniously stripped of their POGO licenses. The Genie Jackpots Wishmaker logo is the top symbol in the game, with five logos offering a wifree online casino slots south africa wxttn worth 25x the stake....
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Community care:Philippines Senator Franklin Drilon reportedly used an interview with local radio broadcaster DWIZ to assert that the new measure is destined to take this year’s tax contribution from POGO license holders up to approximately 1. We’re fully expecting this latest Jackpot King version to resonate with a new audience, as has been the case with a number of existing titles that now feature the leading progressive jackpot system.In the Philippines and President Rodrigo Duterte (pictured) has reportedly signed a piece of legislation into law that has been designed to more than double the amount of tax collected from domestic holders of an offshore gaming license....
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Inside Asian Gaming furthermore explained that this is all part of a long-running campaign that is attempting to get such operations to more promptly fulfil their federal tax commitments and honor any outstanding deficits.Current crackdown:The Philippines last month reportedly allowed only 29 of 60 firms that had previously held a POGO license to re-open following the lifting of a nationwide coronavirus-induced lockdown.Meanwhile, research recently released by the American Gaming Association (AGA) found that more than 33 million American adults plan to wager on the 2020-21 NFL season, with a greater number of bettors intending to place NFL wagers at both online sportsbooks and brick-and-mortar gaming venues than in 2019....
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