Nevada Representative Dina Titus is taking a firm stand against a controversial new tax change impacting gamblers across the country. On Monday, she introduced the Fair Accounting for Income Realized from Betting Earnings Taxation Act—better known as the FAIR BET Act—a bill designed to reinstate the full deduction of gambling losses for tax purposes. The move directly challenges a provision...
Singapore’s Monetary Authority (MAS) has finalized its enforcement actions related to one of the most extensive money laundering scandals in the city-state’s history, handing out a combined SG$27.45 million (US$21.5 million) in fines to nine financial institutions. The announcement, made on July 4, comes after a multi-year investigation into financial failings linked to a SG$3 billion laundering operation involving foreign nationals tied to online gambling and international...
The Star Entertainment Group has narrowly avoided a deal collapse with its Hong Kong-based partners over the sale of its stake in the Queen’s Wharf Brisbane development, securing a last-minute extension that buys the troubled casino operator until July 31 to finalize critical sale documents. The Australian firm is attempting to exit its 50 percent ownership in the Destination Brisbane...
Thailand’s ruling coalition is preparing to formally remove a contentious bill aimed at legalizing entertainment complexes with casinos from the parliamentary agenda this Wednesday, July 9. The decision, according to multiple government officials, comes not out of fear or pressure but from a desire to foster public understanding and recalibrate political strategy amid deepening unrest within the administration. Chief government...
Employees at The Star Brisbane took industrial action on Friday evening, July 4th, marking the first-ever protected strike against a casino operator in Australia. The demonstration, which occurred from 4pm to 6pm, involved workers from multiple departments—including gaming, food and beverage, and housekeeping—and coincided with the bustling after-work crowd at the Queen’s Wharf venue. The strike, organized by the United Workers Union (UWU), was triggered by...
Taichi Tech Limited, the company operating under the Fafabet brand, has been fined £170,000 by the UK Gambling Commission following a series of regulatory breaches, including the use of misleading terms in its promotional offers and shortcomings in key compliance areas such as anti-money laundering (AML) and social responsibility. UK Gambling Commission issues £170K fine to Fafabet operator: The Commission’s investigation revealed that Fafabet’s bonus terms granted the operator...
Eight former senior figures from SkyCity Entertainment Group are facing legal action brought by a shareholder who is seeking to recoup losses tied to a major regulatory penalty. The AU$67 million fine, imposed by Australia’s financial crime regulator AUSTRAC last year, followed a Federal Court ruling that found SkyCity had breached anti-money laundering (AML) and counter-terrorism financing laws. Legal action targets ex-SkyCity leaders after AUSTRAC fine: The shareholder...
Bally’s Corporation may be forced to pull out of its AU$300 million (US$195 million) rescue plan for Star Entertainment Group if a substantial fine from Australia’s anti-money laundering agency, AUSTRAC, renders the casino operator insolvent. Bally’s chairman, Soo Kim, cautioned that the company’s commitment hinges on Star’s financial stability. Bally’s Star deal uncertain as solvency concerns mount: The proposed investment—a joint effort between Bally’s and Bruce Mathieson’s...
The Philippine online gambling industry has been jolted by renewed legislative efforts that have triggered steep market sell-offs and intensified regulatory uncertainty. Stocks tied to the sector—particularly those of leading operator DigiPlus Interactive Corp.—plunged sharply following the filing of a bill that seeks to implement stringent controls on digital gaming activities. DigiPlus, which runs the country’s top platforms BingoPlus and...
Evolution has officially entered the Rhode Island online gaming market, extending its footprint across all seven U.S. states currently permitting iGaming. This milestone comes through a newly expanded partnership with Bally’s Corporation, introducing Evolution’s highly popular online slot content to Bally Casino players in the state. The collaboration enables Evolution to roll out digital slot titles from its renowned game...