June 12, 2021

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2020 – 2021

Your Daily Asia Gaming eBrief: POGO franchise tax

2 min read
Greetings, POGOs have won a reprieve from a penalizing franchise tax obligation, which might stop the exodus from the nation, however uncertainty over company conditions stays high. We have the most recent analysis on where points stand. Today's newsletter also includes updates from Donaco, whose brand-new leadership is making positive predictions for future development; as well as ...Your Daily Asia Video gaming eBrief: POGO franchise business tax
POGO shrinkage accelerates

Greetings, POGOs have actually won a reprieve from a penalizing franchise business tax obligation, which may stop the exodus from the nation, however uncertainty over business conditions remains high. We have the most up to date analysis on where things stand. Today’s e-newsletter additionally includes updates from Donaco, whose new management is making confident predictions for future development; and also there is more positive outlook from Japan’s Wakayama Prefecture, which believes that it is still on pace to open an IR in spring 2026. Ultimately, the special cherry-on-top is our most recent infographic, this time checking out the top mobile trends that we expect to affect our

market in 2021


. First, the news What you need to know


Australia-listed Donaco International is starting 2021 on a favorable note, finally settling its lawful problems as well as stating it is currently placed for future growth. The business, which runs a casino in northern Vietnam and one in Cambodia, has actually remained in a multi-year legal tussle with the Thai vendors of the Celebrity Vegas casino in Poipet. In a note to the Australian Stock Market, Donaco said the disagreement has actually been formally concluded as well as its half-year results as much as Dec. 31 will completely show the favorable outcome.

The Wakayama Prefectural Federal government released its IR implementation strategy last Thursday, maintaining its positive view that it can open up an IR by the springtime of 2026. Currently, there are 4 prospect places contending for an optimum of three feasible licenses, and also among these Wakayama has supplied the tiniest price quote of the likely financial growth influence. Moreover, the prefectural bid additionally experiences the reality that only 2 operator bidders were accepted right into the RFP procedure after earlier frontrunners such as Barriere and also Bloomberry needed to take out under the impact of the coronavirus pandemic.

Insights


BY THE NUMB3RS

2020 was the year that altered the game. Secured their houses expecting the pandemic to blow over, customers invested more money and time on cellphones and apps than ever before. Last year, mobile information analytics strong App Annie located 130 billion apps were downloaded in 2020, up 10 percent year-on-year, whilst mobile app investing enhanced by 25 percent to $50 billion in simply the initial half of the year. Time invested in tools additionally expanded by around 25 percent compared to the year prior to. So what does this all mean for those that develop for mobile? Today, we have a look on top mobile trends that we expect to affect our industry in 2021.

DEEP DIVE Philippine Offshore Gaming Operators(POGOs)have actually won a respite from a punishing franchise tax obligation, which might reduce separations from the country, but unpredictability over service problems continues to be high, industry insiders state. The High court stay at present is only temporary as well as operators beware. Those considering leaving might reassess and sit tight, though those who have actually left are not likely to come back.

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