Saturday, August 8, 2020

Tag: Government

New transaction rules from Vietnamese government prepare casinos for growth

vietnam vietnamese new
The government of Vietnam has issued new data recording regulations for casinos in the country. The recently announced Ministry of Finance Decree Number Three, effective from 12 February, requires all casinos properly record all transactions and winnings for tax collection purposes. The decree outlines that all transactions related to domestic, foreign and conventional currency must be monitored by computer software, before...

National Casino Forum advances campaign for updated regulation at government meeting

Ahead of the British government’s Triennial Review of the gambling industry, trade association, the National Casino Forum (NCF) made a case for modernised regulation for UK’s casino sector at a meeting with government officials this September.   The National Casino Forum is calling for a reform of the regulations governing the UK’s 148 casinos. The group says that reforms will allow the...

Izmirlian petitions government for review of Baha Mar sale

ICR - Izmirlian bahamas
While Baha Mar’s former developer Sarkis Izmirlian is calling on the Bahamian government to impose a moratorium on the sale of the mega-resort, the FNM appears to have had a change of heart.   Sarkis Izmirlian has urged the Minnis administration to impose “a moratorium” on completion of Baha Mar’s sale, suggesting that he was mulling legal action against what he...

Line in the sand: South Africa rules against online gaming

Online South Africa
The South African government has drawn a line in the sand with regards to any potential opening of the country’s online gambling market. The Department of Trade and Industry (DTI) published its National Gambling Policy last month, which resolutely stated that “no new forms of gambling will be allowed at this point”. Elucidating on its position, the department claimed that it...