Tagged ministry of finance

Vietnam considering local casino gambling pilot program extension

June 30, 2021

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Economy/Finance, Vietnam

The government of Vietnam is reportedly considering whether to extend a pilot program that allows locals to gamble within a narrow selection of the nation’s casinos by another two years. According to a repor...

Buenos Aires passes online gambling legalization legislation

Adam Morgan

September 28, 2020

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Argentina, Online gambling regulation, New online casinos, Gaming Industry News, Economy/Finance, The Players Lounge, Online Gambling News, Licensing, Taxes

In Argentina and the government for the giant city of Buenos Aires has reportedly passed legislation that will allow local land-based bingo, slot and casino operators to launch compatriot online services. Ac...

Czech Republic Ministry of Finance sets up new gambling exclusion service

Sadonna Price

September 15, 2020

Latest Casino and Gambling News, Czech Republic

The Ministry of Finance in the Czech Republic announced this week the launch of a new exclusion register. The new register will allow players to block themselves from gambling services if they are located in th...

Chinese lotteries reverse downward sales trend in July

Adam Morgan

September 9, 2020

Latest Casino and Gambling News, China, Gaming Industry News, Economy/Finance, Lottery

The two state-backed lotteries in China reportedly bucked five consecutive months of comparable downturns in July after recording an increase of 10.4% year-on-year in aggregated ticket sales to just over ¥36.14...

China records disappointing 2019 lottery sales figures

Adam Morgan

February 18, 2020

Latest Casino and Gambling News, China, Gaming Industry News, Economy/Finance, Lottery

In China and 2019 reportedly saw aggregated nationwide sales for the country’s only pair of state-run lotteries drop by some 17.5% year-on-year to approximately ¥422.05 billion ($60.26 billion). According to...

Chinese lottery sales chalk up disappointing November

Adam Morgan

January 6, 2020

Latest Casino and Gambling News, China, Economy/Finance, Lottery

In China and November reportedly saw aggregated sales for the nation’s only pair of state-run lotteries drop by 11.6% year-on-year to reach approximately ¥37.77 billion ($5.41 billion). According to a report...

Japanese government postpones foreign player casino tax proposition

Adam Morgan

December 13, 2019

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Japan, Taxation

In Japan and the coalition government of Prime Minister Shinzo Abe has reportedly temporarily shelved a controversial proposal that would have required non-resident foreign players to pay a tax on cash prizes w...

Japanese government considering casino tax propositions

Adam Morgan

December 2, 2019

Latest Casino and Gambling News, Economy/Finance, Japan, Taxation

In Japan and the government of Prime Minister, Shinzo Abe, is reportedly considering a draft proposal that would excuse non-resident foreign players from having to pay tax on any cash prizes they may win in the...

Chinese lottery market continues to disappoint

Adam Morgan

November 27, 2019

Latest Casino and Gambling News, China, Economy/Finance, Lottery

Last month reportedly saw aggregate ticket sales for China’s pair of state-sponsored lottery games deteriorate by some 34.8% year-on-year to stand at slightly above ¥27.55 billion ($3.91 billion). According ...

China lottery sales figures continued their decline in July

Adam Morgan

September 3, 2019

Latest Casino and Gambling News, China, Economy/Finance, Lottery

July reportedly saw aggregated ticket sales in China for the nation’s pair of state-sponsored lottery games deteriorate by some 40.1% year-on-year to stand at slightly above ¥32.73 billion ($4.56 billion). A...

Chinese lotteries post disappointing May sales figures

Adam Morgan

June 27, 2019

Latest Casino and Gambling News, China, Economy/Finance, Lottery

Continuing a trend that began in February and aggregated sales for China’s pair of state-run lotteries reportedly fell by 12.7% year-on-year last month to stand at just over ¥35.5 billion ($5.1 billion). Pai...

Mainland China lottery sales see an 8.8 percent drop in February

K Morrison

April 2, 2019

Latest Casino and Gambling News, China, Economy/Finance, Lottery

A departure from the previous two months, Mainland China, experienced an 8.8 percent drop in aggregated lottery sales, which came in at CNY23.41 billion (US$3.49 billion) for February 2019, when compared with t...

China reports boom in annual lottery sales

Adam Morgan

January 29, 2019

Latest Casino and Gambling News, China, Economy/Finance, Lottery

In China, last year reportedly saw aggregated lottery product sales increase by some 19.9% when compared with the previous twelve-month period to reach approximately ¥511.47 billion ($75.94 billion). Lucrati...

China’s lottery sales up 11 pct for November

K Morrison

December 27, 2018

Latest Casino and Gambling News, China, Lottery, Online Gambling News

In China, a rise in sports lottery sales reportedly helped overall lottery revenues from sales on the mainland for November increase by some 10.8% year-on-year to reach about CNY42.72 billion (US$6.20 billion)....

China posts substantial increase in lottery sales for July

Adam Morgan

September 21, 2018

Latest Casino and Gambling News, China, Economy/Finance, Lottery

In China, a sharp rise in the sale of tickets into the China Sports Lottery reportedly helped overall lottery revenues for July increase by some 61.9% year-on-year to reach $7.99 billion. Benefits from footb...