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Sign up for accessPresident Trump’s Tax Bill Raises Slot Tax Reporting Threshold
A tweak to the tax bill signed by President Donald Trump would modernize gaming tax policy by increasing the threshold for reporting jackpot wins on slot machines and video lottery terminals in casinos.
Read articleGambling Commission Fine Transparency Improving But UBO Rules Cause Concern
The Gambling Commission's new criteria for imposing fines will help increase the transparency around predicting fine amounts, but some concerns remain over how the rules impact ultimate beneficial owners (UBOs), according to legal experts.
Read articleConsultation May Signal End Of Surcharges In Australia
The Reserve Bank of Australia (RBA) has opened a consultation into card surcharging, which it says is no longer achieving its intended purpose of guiding consumers towards efficient payment choices.
Read articleEBA Clarifies PSD2 Scope On Credit, Postal Orders And Fuel Cards
The European Banking Authority (EBA) has published clarifications on applying the revised Payment Services Directive (PSD2), covering the definition of credit, the status of postal money orders, and the classification of fuel cards as payment instruments.
Read articleWise Fine Highlights Evolution Of US Payments Regulation
The $4.2m fine for money laundering and Bank Secrecy Act (BSA) violations reflects both a trend towards local enforcement and a sharpened focus on anti-money laundering and counter-terrorism financing (AML/CTF).
Read articleDraftKings Pays $3m To Settle Connecticut Marketing Investigation
DraftKings has agreed to return more than $3m to players and pay a $50,000 penalty in a second high-profile settlement announced by Connecticut regulators in as many months.
Read articleRomanian Gambling Ad Restrictions Incoming But Lawyers Flag Need For Clarity
Romania’s new Audiovisual Code introduces several important changes, clarifications and restrictions; however, questions raised about the definitions, such as sports personality or influencer, have not been “thoroughly defined”, according to legal experts.
Read articleAustralia’s Project Acacia Blossoming Into Six-Month Testing Phase
Project Acacia, Australia’s research program into wholesale digital currency, has reached a “significant milestone”, with participants selected to explore innovations in digital money and settlement infrastructure.
Read articleBig Tech Joins Forces With Telcos Under Hong Kong’s Latest Anti-Scam Charter
Financial regulators in Hong Kong have announced the launch of a new anti-scam charter that will see telcos and big tech firms participate for the first time.
Read articleU.S. Senate Fails To Roll Back Change To Gambling Tax Deductions
The effort to reverse one of the tax hikes in President Donald Trump’s “One Big, Beautiful Bill” came up short in the Senate on Thursday due to opposition from a lone senator who sought to add an exemption of religious colleges from the federal endowment tax.
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