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Tag Archives: ReadWrite
Sri Lanka increases casino entrance and gross collection levies for 2026
Sri Lanka has increased its casino entrance and gross collection levies for 2026, issuing a formal notice to operators and businesses. A formal notice from the Inland Revenue Department to casino operators and betting and gaming businesses in Sri Lanka … Continue reading
Hong Kong police freezes $353M in assets from Chinese businessmen Chen Zhi
More assets belonging to Chinese-Cambodian businessman Chen Zhi have reportedly been seized in the wake of an investigation into gambling fraud, money laundering and ‘pig butchering’ scams. According to the South China Morning Post, Hong Kong Police has frozen HKD … Continue reading
New state and federal gambling laws in the US could affect betting income in 2026
A new US tax law could change the gambling experience for Americans in 2026, with President Donald Trump’s One Big Beautiful Bill Act (OBBBA) could see take-home winnings reduced. Do you have to pay tax on gambling winnings in the … Continue reading
Polymarket Maduro bet resulting in $400,000 cashout sparks concerns of insider trading
Concerns around insider war trading are being raised after a Polymarket bet on the Venezuelan President Nicolas Maduro results in a $400,000 cashout. As pointed out by investor and podcaster Joe Pompliano on X, a brand-new Polymarket account invested more … Continue reading
Yocha Dehe Wintun Nation calls temporary Vallejo casino ‘deeply hurtful to Patwin people’
After the Scotts Valley Band of Pomo Indians decided to move ahead with a temporary casino in Vallejo despite legal obstacles, a Yocha Dehe Wintun Nation spokesperson responded to the move. Plans by the Scotts Valley Band of Pomo Indians … Continue reading
The first hearing on Indiana’s sweepstakes casino ban bill has had its date set
The first hearings of 2026 related to banning sweepstakes casinos in Indiana have been scheduled for the coming weeks. The next step in banning sweepstakes casino gaming is coming in the form of the very first hearings related to the … Continue reading
Nevada man sentenced after stealing $714K from multiple Dotty’s Casino locations
A man from Sun Valley, Nevada, has been given a custodial sentence for embezzling three-quarters of a million dollars from casino locations where he was employed. Thomas Tonar, 61, worked for Nevada’s Dotty’s Casino locations throughout the state, and as … Continue reading
Three arrested after knife robbery at Bally’s Twin River Casino Hotel
Two women lured a man to a Bally’s Twin River Casino hotel room, where a third assailant robbed the man at knifepoint. The news comes from the Lincoln County Sheriff’s Department in Massachusetts, which apprehended the three suspects after the … Continue reading
AI models can develop ‘humanlike’ gambling addiction when given more freedom
A new study looking at AI large language models (LLM) and gambling suggests that the models show the same unhealthy patterns people do, like loss chasing and the illusion of control. The research has been carried out by Seungpil Lee, … Continue reading
ACMA defends enforcement, rejecting claims of softened action in Sportsbet case
Australia’s communications regulator, the Australian Communications and Media Authority (ACMA), has reaffirmed its firm stance on gambling regulation and recent enforcement actions. Public scrutiny of the ACMA arose after it emerged that Sportsbet challenged a 2022 enforcement decision and reportedly … Continue reading