Category: Casino

  • Uzbekistan to Enforce New Licensing Rules for Online Gambling and Lotteries from 2025

    Uzbekistan to Enforce New Licensing Rules for Online Gambling and Lotteries from 2025

  • Peru: CEO of Apuesta Total Criticises New Selective Consumption Tax on Online Gambling

    Peru: CEO of Apuesta Total Criticises New Selective Consumption Tax on Online Gambling

    The CEO of Apuesta Total, Gonzalo Pérez, has voiced strong concerns over Peru’s upcoming Selective Consumption Tax (ISC) on online gambling, calling it a “very complicated situation” for operators. Scheduled to take effect on January 1, 2025, the ISC and other regulations are causing alarm within the gaming industry, particularly regarding the feasibility of implementation and financial sustainability.

    The tax system includes a 12% tax on net gaming revenue (GGR) and an additional 1% ISC on every bet placed. While Pérez noted that the 12% GGR tax is manageable, the ISC introduces significant hurdles that could disrupt operations.

    Technical and Operational Challenges Ahead

    One of the core issues, according to Pérez, lies in how the ISC will be applied in real time. To meet the requirements, platforms will need to calculate and deduct 1% of each bet at the moment the transaction occurs. This seemingly simple adjustment, however, demands deep technical changes to the platforms—an undertaking Pérez said could take at least eight months.

    “The platform needs to deduct ISC alongside the actual bet value. If someone bets PEN 100, the wallet must reflect PEN 101 before accepting the bet. That split—between the bet and the tax—requires substantial modifications,” Pérez explained.

    He stressed that these modifications must pass certification from international laboratories and obtain approval from Peru’s Ministry of Foreign Trade and Tourism (Mincetur). Without these approvals, operating the platform would be non-compliant, putting operators at risk of hefty fines or losing their licenses altogether.

    “It’s an impossible timeline. If we rush to make these changes and operate uncertified platforms, we’ll face severe sanctions. If we don’t, we’ll fail to comply with tax rules. Either way, the State is putting us in a lose-lose scenario,” Pérez added.

    Financial Risks and Potential Confiscatory Effects

    Pérez also highlighted the financial implications of the new taxes. A 1% ISC per bet may seem modest at first glance, but the reality paints a different picture when combined with the 12% tax on net gaming revenue.

    He illustrated the risk with simple figures:

    • If operators take a PEN 100 bet, the 1% ISC immediately deducts PEN 1.
    • That PEN 1 tax equates to 20% of the operator’s Gross Gaming Revenue (GGR), which is typically 5% of the total bet.
    • Adding the existing 12% GGR tax to this equation brings the effective tax burden to 32%.

    For operators, such figures are unsustainable. Pérez cited a Constitutional Court ruling (Sentence 009-2001) that deemed a 20% rate confiscatory, warning that the ISC risks crossing this threshold.

    “This setup could destroy the sector. Taxing at this level is not only unsustainable for legal operators but also counterproductive. It opens the door for illegal gambling to thrive, where there are no taxes and no regulations.”

    A Tipping Point for Legal Operators?

    Pérez’s remarks underline growing frustration among legal online gambling operators in Peru. As the legal industry grapples with compliance challenges, Pérez fears that the ISC will drive players and operators towards unregulated platforms, undermining the State’s objectives of increased tax revenue.

    The ISC’s structure places Peru’s legal gambling sector in a precarious position:

    • Operators must either absorb the tax, slashing already thin margins, or transfer it to players, risking customer dissatisfaction.
    • Illegal gambling, with no taxes or operational restrictions, becomes increasingly attractive to both players and rogue operators.

    “It’s regrettable,” Pérez said, “because instead of strengthening the legal industry, these measures threaten its existence. We’ll lose players to illegal platforms, and the State will end up collecting less than they expected.”

    The State Versus the State

    What frustrates Pérez—and likely other industry leaders—is the lack of coordination between regulators and tax authorities. On one hand, operators must meet strict regulatory requirements, which include certified platforms and transparent compliance. On the other, the tax collection framework demands immediate changes that cannot be realistically implemented within the given timeline.

    “The State is putting us against itself,” Pérez lamented. “There’s no way to comply with both sides of the law by January 1.”

    This regulatory and technical conflict is raising alarms across Peru’s online gambling landscape. Pérez’s concerns serve as a stark warning: if the ISC is enforced as planned, the country risks driving away legitimate operators and losing ground to illegal gambling networks.

    A Risky Path Forward

    As January 2025 approaches, the industry’s options remain limited. Without intervention or an extension, Peru’s online gambling operators face significant financial and operational risks. Pérez’s statements reflect a broader sentiment within the industry—one of frustration, uncertainty, and scepticism over the practicality of these taxes.

    For now, the ball is in the government’s court. Whether they choose to revise the ISC’s implementation or proceed as planned could determine the future of Peru’s legal online gambling sector.

  • Yaamava’ Resort & Casino Tops Newsweek’s 2024 Readers’ Choice Awards

    Yaamava’ Resort & Casino Tops Newsweek’s 2024 Readers’ Choice Awards

    Yaamava’ Resort & Casino at San Manuel has clinched the prestigious titles of Best Overall Casino Outside of Las Vegas and Best Native American Casino in the 2024 Newsweek Readers’ Choice Awards. This marks the resort’s inaugural #1 ranking in the annual poll, underscoring its status as a leading destination for gaming, entertainment, and hospitality.

    A Milestone Achievement for Yaamava’

    Kenji Hall, General Manager of Yaamava’ Resort & Casino, expressed his enthusiasm about the recognition. “We are thrilled to add Newsweek to Yaamava’s growing list of national accolades for 2024,” Hall shared. “These awards reflect our unwavering commitment to outstanding service and the exceptional leadership of the San Manuel Band of Mission Indians. Their dedication to hospitality truly sets us apart.”

    The resort’s victory comes after thousands of voters participated in the Newsweek Readers’ Choice Awards, positioning Yaamava’ at the pinnacle of the competitive casino and hospitality sectors. It’s a significant milestone, considering the fierce competition from other top-tier casinos across the nation.

    Consistent Recognition Across Platforms

    Earlier this year, Yaamava’ Resort & Casino also received the 2024 USA TODAY 10Best Readers’ Choice Award for Best Casino Outside of Las Vegas and Best Casino Restaurant for its Pines Modern Steakhouse. This string of awards highlights the resort’s consistent excellence across multiple facets of its operations.

    • Best Casino Outside of Las Vegas: Recognizing superior gaming experiences.
    • Best Casino Restaurant: Celebrating culinary excellence at Pines Modern Steakhouse.

    Moreover, Yaamava’s sister property, Palms Casino Resort in Las Vegas, secured the title of Best Casino in Las Vegas for the second year in a row. This dual recognition showcases the strength and reputation of the San Manuel Band of Mission Indians in the hospitality industry.

    Setting the Gold Standard

    “Yaamava’ Resort & Casino has consistently set the gold standard for gaming, dining, entertainment, and hospitality since opening in 2021,” the casino stated. “Known for its luxurious facilities, diverse gaming options, and commitment to delivering unforgettable experiences, the resort is a must-visit destination in Southern California.”

    The resort’s dedication to providing top-notch amenities and services has not gone unnoticed. Guests frequently praise the resort for its spacious gaming floors, high-end dining options, and vibrant entertainment offerings. Whether you’re a seasoned gambler or just looking for a fun getaway, Yaamava’ caters to a wide range of preferences and needs.

    Innovative Launches Keep Yaamava’ Ahead

    In November, Yaamava’ Resort & Casino hosted the world premiere of Aristocrat Gaming’s Phoenix Link slot machine. This event wasn’t Yaamava’s first global slot debut, but it reinforced the property’s reputation as a preferred venue for first-to-market gaming launches. Over the past two years, Yaamava’ has hosted 14 such events, highlighting its role as a key player in the gaming industry.

    The introduction of new slot machines and gaming technologies keeps the resort fresh and exciting for regular patrons and attracts new visitors eager to try the latest innovations. It’s this forward-thinking approach that helps Yaamava’ maintain its competitive edge in a crowded market.

    Economic Impact and Community Engagement

    Yaamava’ Resort & Casino doesn’t just excel in entertainment; it also plays a significant role in the local economy. The resort provides numerous jobs, from gaming floor staff to culinary professionals, contributing to the economic vitality of the San Manuel community.

    Additionally, Yaamava’ is deeply involved in community initiatives, supporting local charities and cultural events. This commitment to giving back strengthens the bond between the resort and the surrounding community, fostering a sense of mutual support and prosperity.

    Future Plans and Expansions

    Looking ahead, Yaamava’ has ambitious plans to expand its offerings and enhance the guest experience. Plans include upgrading existing facilities, introducing new dining options, and expanding the entertainment lineup to include more live performances and events.

    “We’re constantly looking for ways to improve and innovate,” Hall mentioned. “Our goal is to ensure that every guest has an exceptional experience, whether they’re here to gamble, dine, or simply relax.”

    Customer Feedback and Testimonials

    Feedback from guests has been overwhelmingly positive. Many visitors highlight the friendly staff, the cleanliness of the facilities, and the variety of entertainment options as key reasons for their loyalty to Yaamava’.

    One guest remarked, “Yaamava’ offers everything you could want in a casino resort. The atmosphere is vibrant, the games are exciting, and the service is top-notch.”

    Another shared, “The Pines Modern Steakhouse is a standout. The food is incredible, and the ambiance makes for a perfect dining experience.”

    Such testimonials reflect the resort’s dedication to providing a comprehensive and enjoyable experience for all its guests.

    Strategic Partnerships and Collaborations

    Yaamava’ has also formed strategic partnerships with various gaming and entertainment companies to enhance its offerings. Collaborations with top-tier gaming software providers ensure that the resort stays at the forefront of the latest gaming trends and technologies.

    These partnerships not only benefit the resort but also provide guests with access to exclusive games and experiences that aren’t available elsewhere. It’s a win-win situation that boosts both the resort’s reputation and the satisfaction of its patrons.

    A Bright Future Ahead

    With its recent accolades and ongoing commitment to excellence, Yaamava’ Resort & Casino is poised for continued success in the coming years. The combination of superior service, innovative offerings, and strong community ties sets the stage for even more achievements and recognitions in the future.

    As Yaamava’ continues to evolve and expand, it remains dedicated to providing unforgettable experiences for its guests, ensuring that it remains a top choice for casino enthusiasts and travelers alike.