Tag Archives: Casino legislation
Brazil – Pro-gaming presidential candidate receives support in Brazil
The chances that business friendly presidential candidate and former Sao Paulo governor Geraldo Alckmin could win the upcoming election in Brazil have risen considerably now that a coalition made up of a number of centrist parties have agreed to back him. This is potentially good news for the gaming industry as Alckmin has been a…
Japan – Morgan Stanley warns Japanese gaming won’t be three ‘n’ easy
Whilst global casino operators jostled to applaud the Japanese Government for Japan’s Integrated Resorts (IR) Implementation Bill, passing into law with approval from the upper house of the country’s parliament, analysts at Morgan Stanley have warned that two key regulations, limiting the size of the gaming floor and a 30 per cent tax revenue, will…
Japan – Japan’s lower house likely to vote on Implementation Bill tomorrow
Japan’s lower house of parliament is likely to vote tomorrow on what the country’s new casinos will look like following the passage of the IR Implementation Bill through the lower house cabinet committee last week. Whilst the opposition could try and postpone the vote, Prime Minister Shinzo Abe wants a conclusion to the long running…
Nepal – Nepal to enact new laws to force full royalty payments
The government in Nepal has confirmed it will be drafting new casino legislation to try and prompt more foreign investment into the sector and to stop existing casinos operating ‘unlawfully.’ The new laws will also force existing casinos to comply with tax and royalty payments. It will replace an interim order issued by the Supreme…
Brazil – Brazil’s Minister of Tourism wants changes to gaming laws
Brazil’s Minister of Tourism Vinicius Lummertz has urged lawmakers to make fundamental changes to Brazilian gaming laws and allow for casinos in integrated resorts. In an impassioned plea Lummertz said that if casinos were allowed then they would bring in more than R$50 billion in investment and generate over a hundred thousand jobs in Brazil….
Brazil – Tourism Minister highlights lack of knowledge over Brazil’s gaming efforts
Brazil’s Tourism Ministry has said that there is a lack of knowledge amongst church leaders when it comes to efforts to regulate the market. Speaking at the UNI Americas fifth International Gaming Conference held last Thursday in Sao Paulo, Bob Santos said that there was a “Lack of knowledge within the religious caucus about legalising…
Brazil – Brazil’s gambling bill could focus on online gaming and Integrated Resorts only
The President of Brazil’s House of Deputies Rodrigo Maia has told press that he plans to hold meetings with legislators regarding new laws, which would allow for gambling. Crucially new laws would centre on casinos and online gambling only. This would mean that current plans that would have allowed for a much larger expansion of…
Japan – Fitch lowers market estimates as Japan’s gaming bill heads to Diet
The Japanese government has approved its much debated Integrated Resorts Implementation Bill which has been sent to the Diet for voting. Prime Minister Shinzo Abe, pictured, reportedly wants the Diet to take up the bill during the current session that runs through June 20. He said: “We will promote tourism with visitors from all over…
Japan – Japanese government compromises on three Integrated Resorts
The initial wave of Integrated Resorts in Japan will see just three casinos introduced following an agreement struck between Japan’s ruling Liberal Democratic Party (LDP) and its junior coalition partner Komeito. The Government had wanted five Integrated Resorts but compromised on three with an agreement that legislators will review their success and potentially issue more…
