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Friday, July 20, 2018

Japan Inches Closer to Gambling Legalization

July 20, 2018 0
Latest Casino Bonuses
Japan Inches Closer to Gambling Legalization
Japan Inches Closer to Gambling Legalization

Japan is only one step away from fully regulating casino gambling. The country passed a legislation that will establish casinos this week, with an Integrated Resorts Implementation Bill adopted by the officials of the Committee on Cabinet in the House of Councilors.

One final obstacle remains before Japan gets the sought-after gambling legalization.

The bill was adopted despite the no-confidence motion planned by the anti-gambling opposition parties who are in some minority in Japanese parliament. The country's governing block is constituted by Prime Minister, Shinzo Abe's Komeito coalition and Liberal Democratic Party.

Implementation of the bill is being voted on as you read this article and the conclusion of the session of parliament is expected to take place on July 22nd.

Key Points

Some of the crucial points in this bill include a 30% tax on casino gross gaming revenue and an entry levy of $53 for all residents of the far-East country (population of 126 million people) who wish to enter online portals.

However, even if the bill gets fully adopted, which it most certainly will…

there remains an awful lot of work to be done, primarily in regards to creating first licensing system.

The first casino licenses are not expected to be issued before 2020, while some estimates say that the first casino resort, out of three planned by this legislation, could open in 2025.

Late last year, some of the largest financial companies in Japan have begun mining for Bitcoin, which they found is a good way of making extra revenue.

Source:

“Japan casino bill upper house committee nod, vote Friday”, ggrasia.com, July 19, 2018.

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Fall in Love With Mighty Aphrodite at Slots Capital

July 20, 2018 0
Latest Casino Bonuses
Fall in Love With Mighty Aphrodite at Slots Capital
Fall in Love With Mighty Aphrodite at Slots Capital

Rival Gaming has made its latest foray into the realm of video slots with a neat little game called, Mighty Aphrodite (we're not sure if the name is partially inspired by the Woody Allen movie of the same name or it's just a remarkable coincidence).

What to Expect

This 5-line, 25-payline game set in dusk-lit heavens is all about the Greek goddess of love and other characters in Greek mythology, like Pegasus and cupid, looking to elevate you to cloud nine. It's easy to get enamored with this awesome game whose stunning looks only justify the belief that love and beauty are closely intertwined.

Some of the other high-value symbols you will encounter in the B2B developer and supplier’s  new title are…

olives, seashells, hearts, golden harps, medallions, temple of love, golden coin, wreath and a clay pot.

Beautiful Aphrodite herself is a Stacked Wild and she takes place of two vertically stacked icons on the reels, while Pegasus triggers an extra spins round, should three or more of these land on the reels. Cupids will occasionally shoot an arrow on the screen and activate some cool multipliers.

Slots Capital Celebrates the Launch

As a part of the game launch celebration, Slots Capital Casino is gifting their players with 20 extra spins with no deposit required!

An additional 50 extra spins will be made available after the player makes a deposit. The casino's official statement reads:

“For thousands of years, Aphrodite has been helping people find love. Now, with the help of her very own slots game and some attractive bonuses, Aphrodite can spread even more love among Slots Capital Casino players.”

This promotion is available at the Curacao-licensed site until Sunday, July 22. Use the bonus code, MIGHTY20.

There is a $180 max cash out, with 60 times rollover on winnings. An additional 50 spins will be available until July 31st, by using the code…

MIGHTY50 and this has no max cash out. The promo is available to all the players who have made a deposit in July.

Source:

“Summer Loving at Slots Capital with Free Spins on New Mighty Aphrodite Slot from Rival”, Slots Capital Newsletter, July 19, 2018.

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Vietnamese Casino Fined for Faulty Tax Reports

July 20, 2018 0
Casino News Daily
Vietnamese Casino Fined for Faulty Tax Reports

The owner of Royal International Gaming Club in Ha Long, Vietnam has received a $15,000 fine after being found to have provided faulty reports of value added tax and using illegal invoices, local news outlet VnExpress reports.

Royal Casino is part of the larger Royal Halong Hotel owned by gaming and hospitality company Royal International Corporation. The gaming venue currently offers four table games, with those being blackjack, roulette, baccarat, and Sic Bo, as well as 70 slot machines.

According to the Tax Department of the Quang Ninh province, owners of the casino have breached several tax regulations in their 2017 returns filings and VAT receipts due February 2018. Authorities revealed that Royal International Corporation was penalized with a $15,000 fine, which included a $10,500 levy for faulty VAT reports and another $3,700 levy for providing illegal invoices.

Similarly to most of Vietnam’s land-based casinos, Royal Casino services foreign patrons only. The VnExpress reports that the gambling venue has been recording profit losses since 2013. According to the owner’s report for the third quarter of 2017, the casino saw its loss jump more than 23 times to over $3.04 million.

Revenue during the first quarter of 2018 totaled $2.92 million, the company’s financial report states. The property also generated $69,000 in profits after tax, which is a considerable increase from a loss of $908,000 during the same three months of 2017. However, it is believed that Royal International Corporation has accumulated loss of more than $7.4 million from its gambling operation on a total capital investment of around $30.5 million.

Casino officials have revealed that visitors from Taiwan represent their largest customer group and that the number of patrons from Mainland China has decreased significantly over the past several years. Chinese gamblers are the most popular customer group with stakeholders of the Asia-Pacific region’s casino industry due to their spending habits. Patrons from China are targeted heavily by casinos in the area and competition has become even fiercer in the years after Chinese President Xi Jinping’s anti-graft campaign that resulted in high rollers steering away from Asia’s gambling mecca Macau and looking for other destinations to gamble without appearing on Chinese authorities’ radar screens.

Regulatory Changes in Vietnam

Up until recently, Vietnamese nationals were prohibited from gambling at the country’s casinos. However, the country’s government announced earlier this year that it would lift the long-standing ban partially by launching a three-year pilot program that would allow residents to gamble at two gambling venues – one on the Phu Quoc island in South Vietnam and the other located in the Van Don Special Economic Zone. Both properties are currently under development.

In order to be admitted to the gaming floors of the two resorts, Vietnamese nationals will have to be aged 21 or over and to prove that their monthly income exceeds VND10 million.

Vietnam saw another important change in its gambling laws this year. The country’s government decided to relax previous restrictions on the provision of sports betting and engaging into the activity. A new set of rules was rolled out ahead of the World Cup, allowing nationals to bet on football matches but only with a state-run operators. Bettors can wager up to $44 on a match under the new regulations.

Despite the reforms, Vietnam’s black market was thriving during this year’s edition of the major football championship. Vietnamese police bust a number of illegal gambling rings in the months leading up to the World Cup and during the sporting event. News emerged most recently about an $87-million illegal online betting scheme that was nabbed by police during the football tournament. Ten people were arrested for their alleged involvement in the illicit operation which could easily be dubbed Vietnam’s largest one ever busted.

The post Vietnamese Casino Fined for Faulty Tax Reports appeared first on Casino News Daily.

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Panic button maker displays devices that protect hotel workers

July 20, 2018 0
Las Vegas Sun Stories: Gaming
Panic button maker displays devices that protect hotel workers
When a housekeeper at many Las Vegas hotels feels their well-being is threatened or comes across a guest having a medical emergency, the solution to a fast response is closer than ever ...
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Thursday, July 19, 2018

MGM, Wynn tamp down Boston casino intrigue

July 19, 2018 0
Las Vegas Sun Stories: Gaming
MGM, Wynn tamp down Boston casino intrigue
Executives for MGM and Wynn are tamping down speculation the companies are quietly in talks over Wynn's Boston-area casino. MGM Resorts International CEO Jim Murren said today it would have to be an "extremely unique situation" for officials to ...
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