• Subscribe
  • Magazines
  • About
  • Contact
  • Advertise
Sunday 22 June 2025
  • zh-hant 中文
  • ja 日本語
  • en English
IAG
Advertisement
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
    • Africa
    • Australia
    • Cambodia
    • China
    • CNMI
    • Europe
    • Hong Kong
    • India
    • Japan
    • Laos
    • Latin America
    • Malaysia
    • Macau
    • Nepal
    • New Zealand
    • North America
    • North Korea
    • Philippines
    • Russia
    • Singapore
    • South Korea
    • Sri Lanka
    • Thailand
    • UAE
    • Vietnam
  • Events
  • Contributors
  • SUBSCRIBE FREE
No Result
View All Result
IAG
No Result
View All Result

Almost half of CNMI e-gaming machines to switch off as new tax forces venue closure

Newsdesk by Newsdesk
Wed 18 Aug 2021 at 06:57
South Korea, CNMI launch travel bubble
14
SHARES
340
VIEWS
Print Friendly, PDF & Email

Almost half of the e-gaming machines operating in the Commonwealth of the Northern Mariana Islands will be turned off after the operator of two e-gaming venues announced it was shutting one down in response to a sudden increase in taxes.

Club 88 in Saipan, home to 73 of the CNMI’s 199 e-gaming licenses, will close its doors on 27 August after the government earlier this month enacted a law that effectively doubles the license fee of electronic gaming operators.

According to local media reports, the closure will also result in 30 staff losing their jobs and comes after its operator, MP Holdings LLC, also shut down Saipan Country Club last Friday to cut costs. MP Holdings also operates another e-gaming venue, Saipan Vegas, as well as the Saipan Country Club.

Gus Noble, a spokesman for the company, told reporters on Tuesday that he has tried to meet with local officials to negotiate a better option but has received no response.

As reported by Inside Asian Gaming, the new law imposes an additional fee comprising the greater of US$2,500 per machine or 15% of net gaming revenue per machine on top of current taxes. Taxes already in place include a US$100,000 license fee per venue plus 5% Business Gross Revenue and Tax.

Noble said the government’s efforts to raise additional revenue via the CNMI’s 199 e-gaming terminals was backfiring as “we’re just about to take 73 out of it.

“It’s a big percentage and it’s lost revenue for the government,” he said.

It is believed the law is an attempt by the government to raise funding in the absence of revenue from Imperial Pacific International – the Saipan IR operator whose casino license is currently suspended for failure to meet its many financial commitments.

RelatedPosts

MGM looking to win hearts in Osaka with May IR exhibit

MGM Resorts calls on Thailand to ensure competitive tax rate, access for locals

Thu 22 May 2025 at 05:59
Number of Macau gaming workers rises through December 2022

Macau government collects US$896 million in gaming tax in January

Fri 14 Feb 2025 at 04:38
PAGCOR reduces online gaming tax rate for Philippines IR operators to 25%, others to 30%

PAGCOR reduces online gaming tax rate for Philippines IR operators to 25%, others to 30%

Mon 20 Jan 2025 at 20:42
Longest serving PAGCOR chief Alicia Reyes dies aged 88

Morgan Stanley: Online gaming now the Philippines’ largest gaming tax contributor

Mon 16 Dec 2024 at 04:18
Load More
Tags: CNMIe-gamingelectronic gamingGus NobleImperial Pacific InternationalSaipantax
Share6Share1
Newsdesk

Newsdesk

The IAG Newsdesk team comprises some of the most experienced journalists in the Asian gaming industry. Offering a broad range of expertise, their decades of combined know-how spans multiple countries across a variety of topics.

Current Issue

Editorial – Foreigner-only casinos: Seize the day

Editorial – Foreigner-only casinos: Seize the day

by Ben Blaschke
Thu 29 May 2025 at 13:38

I was recently asked by someone working at a foreigner-only casino for my thoughts on the outlook for the Asian...

On the brink

On the brink

by Pierce Chan
Thu 29 May 2025 at 13:27

The transition period for Macau’s 11 satellite casinos is set to expire at the end of this year, after which...

A moral defense of gambling

A moral defense of gambling

by Andrew Russell
Wed 28 May 2025 at 18:19

Economist Andrew Russell explores the differences between community benefit and in-principle arguments for the existence of a legal gambling industry...

Face to face

Face to face

by Ben Blaschke
Wed 28 May 2025 at 18:08

Konami caught the eye at the recent G2E Asia show in Macau with its SYNK Vision Tables, which utilize facial...

Evolution Asia
Aristocrat
GLI
SABA
Mindslot
Solaire
Hann
Tecnet
NWR
Jumbo
568Win

Related Posts

IAG’s Andrew W Scott addresses Thai senate subcommittee on Entertainment Complex Bill and key considerations for foreign investors

IAG’s Andrew W Scott addresses Thai senate subcommittee on Entertainment Complex Bill and key considerations for foreign investors

by Newsdesk
Fri 20 Jun 2025 at 06:53

Inside Asian Gaming’s Vice Chairman and CEO, Andrew W Scott, spoke yesterday at a hearing of Thailand’s ad hoc subcommittee studying the economic impacts and feasibility of establishing entertainment complexes (ECs) with casinos and online gaming, at the Thai Parliament...

Philippine tourist arrivals down 0.5% in 1Q25 on fewer visitors from South Korea, China

Contribution of Philippines tourism industry to national GDP rises to 8.9% in 2024

by Newsdesk
Fri 20 Jun 2025 at 06:46

The Philippines tourism industry saw its contribution to the country’s Gross Domestic Product in terms of share rise to 8.9% in 2024, up from 8.7% a year earlier, according to latest data from the Philippine Statistics Authority. Tourism Direct Gross...

Philippines’ maiden PIGO platform generates GGR of US$2.3 million in first six months of operation

DigiPlus appoints new CEO and CDO to drive further online gaming growth

by Newsdesk
Fri 20 Jun 2025 at 06:44

Philippines gaming technology giant DigiPlus – the country’s leading platform in the online and remote gaming space – has announced the appointment of a new Chief Executive Officer and a Chief Digital Officer. In a Philippine Stock Exchange filing on...

China’s Ambassador to the United States Xie Feng Meets with Wynn CEO Craig Billings

China’s Ambassador to the United States Xie Feng Meets with Wynn CEO Craig Billings

by Newsdesk
Thu 19 Jun 2025 at 19:54

Wynn Resorts CEO Craig Billings met this week with the Chinese Ambassador to the United States, Xie Feng, to discuss topics including China’s economic development and Sino–U.S. economic and trade relations. The Chinese Embassy in the United States released details...



IAG

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • SUBSCRIBE FREE
  • NEWSFEED
  • MAG ARTICLES
  • VIDEO
  • OPINION
  • TAGS
  • REGIONAL
  • EVENTS
  • CONSULTING
  • CONTRIBUTORS
  • MAGAZINES
  • ABOUT
  • CONTACT
  • ADVERTISE

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

No Result
View All Result
  • Subscribe
  • Newsfeed
  • Mag Articles
  • Video
  • Opinion
  • Tags
  • Regional
  • Events
  • Contributors
  • Magazines
  • Advertise
  • Contact
  • About
  • Home for G2E Asia

© 2005-2024
Inside Asian Gaming.
All rights reserved.

  • English