Economy/Finance

Dina Titus Pushes to Attach FAIR BET Act to NDAA 2026 to Reinstate Full Gambling Loss Deduction

Vanja Mitic
Gaming Law & Legislation, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Taxation, Online Gambling News, Financial Press Releases, Nevada
Nevada Rep. Dina Titus is intensifying efforts to reverse a controversial tax change impacting gamblers across the United States. On Wednesday, August 27, the co-chair of the Congressional Gaming Caucus announc...

Macau Legend Reports Heavy Loss Ahead of Legend Palace Shutdown

Vanja Mitic
Latest Casino and Gambling News, Casino Destinations, Casino News, Casino reviews from Macau, World Casino News, Casino closures, Gaming Industry News, Economy/Finance, Financial Press Releases
Macau Legend Development Ltd has announced that it expects to record a significant loss of approximately HK$1.42 billion (US$182 million) for the first half of 2025, a sharp increase from the HK$110 million (US...

ED Probes MLA Veerendra’s Foreign Casino Connections

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Money Laundering, India, Employment & Careers, Georgia-Eurasia, Crime, Nepal, Fines, Lawsuits & Litigation, Sri Lanka
The Indian Enforcement Directorate (ED) has intensified its investigation into Karnataka Congress MLA K.C. Veerendra, also known as ‘Puppy’, over alleged involvement in a large-scale money laundering and illega...

Team King Finalizes IPI Casino Asset Purchase Amid Lingering Questions

Johnny K.
Latest Casino and Gambling News, Casino News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Bankruptcy, Fines, Lawsuits & Litigation, Northern Mariana Islands
The sale of Imperial Pacific International’s (IPI) Saipan casino assets has officially closed, marking a major milestone in a bankruptcy process that has stretched on for over a year. Team King Investment (CNMI...

South Korea Busts $71.5M Gambling Fund Transfers to Philippines

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Economy/Finance, Mobile gaming, Online Gambling News, Crime, Financial Fraud, Fines, Lawsuits & Litigation, South Korea
South Korea’s customs authorities have broken up a major illegal remittance scheme that funneled massive sums of money overseas to support gambling activities in the Philippines. The Korea Customs Agency (KCA) ...

Charity CNE Casino Challenges $199K Anti‑Money Laundering Fines

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Canada, Online gambling regulation, World Casino News, Gaming Industry News, Economy/Finance, Fines, Lawsuits & Litigation
A charitable gaming operation held at Toronto’s Canadian National Exhibition (CNE)—known as the CNE Casino—has initiated an appeal in Federal Court after being penalized nearly $200,000 by the federal anti‑mone...