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Industry
February 16, 2024
West Virginia Proposes Problem Gambling Data Sharing Bill
Lawmakers in West Virginia have introduced a new responsible gambling bill. Authored by Rep. Roger Hanshaw and Shawn Fluharty, the measure seeks to provide responsible gambling research academics with more data to work with. Dubbed House Bill 5668, the measure was introduced on Tuesday and would establish a Responsible Gaming and Research Act (RGRA). The […]
Industry
February 16, 2024
Lawmakers Support Raising Tax Threshold on Slot Winnings
For nearly a decade, lawmakers such as Rep. Dina Titus have continuously urged the Internal Revenue Service (IRS) to raise the existing threshold on slot winnings that require a W-2G tax form. The current regulation requires anyone with winnings of $1,200 or more to submit a W-2G tax form. This policy was established back in […]
Industry
February 15, 2024
DSWV in Germany Urges for Changes to Combat Illegal Gambling
Since the implementation of the fourth amendment in the State Treaty on Gambling in Germany in 2021, the country has seen significant growth in the black market offering. Concurrently, the number of people using the legal gambling vertical has declined after many were lured to black market operators with lucrative bonus offers. But this shift […]
Casino
February 14, 2024
Petersburg City Council Votes Resolution to Advance Destination Resort Project
Last week, the plan to see Petersburg, Virginia turn into the state’s fifth city that would host a casino came one step closer to becoming a reality, thanks to the Virginia Senate clearing Senate Bill 628 that could give the green light to a casino in the city. Now, according to a unanimous decision announced […]
Industry
February 13, 2024
Norway’s Gambling Authority Issues Influencer Warnings
Norway’s Gambling Authority founded in 2001 to supervise the administration and oversight of gaming controlled by the state and private, Lottstift, has stated that it will take a zero-tolerance approach to social media platforms promoting live streams and content revolving around online gambling. The country has imposed a total blackout on gambling advertising. According to […]
Industry
February 9, 2024
Dutch Politicians Urge Weerwind to Introduce Universal Loss Limit
The Netherlands’ Minister for Legal Protection, Franc Weerwind, has been urged to back a universal loss limit to the country’s Remote Gambling Act (KOA). Backed by the ChristianUnie (CU) Party, the measure seeks to make up for the deficiencies of the current safer gambling rules. The proposal would introduce a universal loss limit across the […]
Legal
February 9, 2024
Ukraine’s Cosmolot Faces Allegations of Tax Evasion and Unlicensed Gambling
In a significant development, Ukraine’s Bureau of Economic Security (BES) recently seized UAH 700 million ($18.6 million) from the accounts of one of the country’s largest gambling operators, Cosmolot. The move comes as the casino faces accusations of evading UAH 1.2 billion ($31.9 million) in taxes. Cosmolot has denied all allegations and is ready to […]
Industry
February 8, 2024
US Treasury’s 2024 AML Report Highlights Vulnerabilities of the iGaming Sector
The US Department of the Treasury has published its 2024 National Money Laundering Risk Assessment. The report highlighted, among other things the online gaming and sports betting sector’s vulnerability to money laundering. According to the Treasury, the anonymity provided by the online gambling sector provides some unique money laundering risks. While US casinos have a […]
Industry
February 8, 2024
North Macedonia Clears Law Keeping Gambling Away From Schools
The freshly passed bill in North Macedonia that would prevent casinos, gambling establishments, and betting shops from functioning in a radius of less than half a kilometer of elementary schools and high schools has received criticism from the sports betting sector. Representatives have warned about the massive number of jobs (10,000) that would be lost […]
Industry
February 7, 2024
Bill Proposes to Restrict Online Sports Betting Ads in Kansas
Kansas, a state with a population of nearly 3 million people, was among the US states that legalized sports betting back in 2022. After legislation was passed, legalizing the activity in May, on September 1, 2022, the state officially launched its retail and online sports betting market. Now, less than two years after the launch, […]
