Philippines iGaming Operators Considering Moving to the Isle of Man

Discussion in 'Casino Industry Buzz and Terms Alerts' started by MissExposé, Oct 13, 2020 at 10:13 AM.

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    MissExposé

    MissExposé Well-Known Member Staff Member

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    Affinity Group Limited reportedly revealed that it has recently seen a number of Asia-facing iGaming providers expressing an interest in relocating from the Philippines to the Isle of Man.

    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 holding a Philippine Offshore Gaming Operator (POGO) license, according to a report from Inside Asian Gaming, the Isle of Man based company. Such firms will now be obligated to pay a 5% tax on turnover rather than previous 2%.

    Source: https://news.worldcasinodirectory.c...-operators-considering-isle-of-man-move-84411
     

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