Australia's renowned gambling giant, casino operator Star Entertainment Group (hereinafter referred to as Star), is currently in a severe financial crisis, with its capital chain at risk of breaking at any moment.Star has already notified lenders that the company's cash reserves might last only one
Recently, the Philippines successfully exited the Financial Action Task Force (FATF) "grey list," marking significant progress in its anti-money laundering (AML) and counter-terrorism financing (CTF) efforts. However, experts warn that sectors like online gambling and cryptocurrencies may still pose
The Swedish Gambling Authority, Spelinspektionen, has issued new guidelines on money laundering and terrorist financing, along with a new risk assessment. Reports submitted to the Financial Intelligence Unit (FIPO) by the gambling industry are reportedly increasing, hence the release of the latest g
The Ministry of Finance of Montenegro has proposed a 15% tax on winnings from gambling, a move that presents another new challenge to the industry. The Ministry states that it is unreasonable to exclude gambling winnings from taxation.This proposal would amend provisions related to personal income t
Singapore authorities rated the money laundering threat from the country’s physical casinos as “medium to high” but said they were less attractive to criminals than other industries. A recent report released by Singapore’s Ministry of Home Affairs, Ministry of Law and Monetary A
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