Your Daily Asia Gaming eBrief: Laos regulating online gaming
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Laos has taken the first steps in regulating its online gambling industry. The model is similar to the one adopted in the Philippines for Philippines Offshore Gaming Operators. Laos is lower cost and aims for a more favorable tax environment.
Jason Ader, CEO of 26 Capital, urges the incoming Philippine government to make it clear that the rule of law is paramount. Tiger Resorts warns members of the public against dealing with the new board at its Philippine unit, the operator of Okada Manila. Star Entertainment will cooperate fully with an independent regulatory review into its suitability to hold a license in Queensland.
Macau concession extension to be formally approved on June 23rd. Wynn Macau gets $500m loan facility from parent company. Laos regulating online gaming.
Laos regulating online gaming. Macau concession extension to be formally approved on June 23rd. Wynn Macao gets $500m loan facility from parent company.
Laos has taken its first steps towards licensing online gambling operators. The Laos Offshore Gaming Authority (LOLGA) was established recently. It will act as the master agent for the industry.
