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GamblingCompliance: Policy Groups Ask Trump Administration To Reject Federal Internet Gambling Ban

13TH JAN 2017 | WRITTEN BY: CHRIS SIEROTY Eight groups, which describe themselves as free-market, limited government, and freedom-oriented organizations, sent a letter Thursday to Vice President-elect Mike Pence and Attorney General nominee Senator Jeff Sessions, asking to block demands for a federal prohibition on internet gambling. “After a contentious election year, a divided nation looks to… Continue reading GamblingCompliance: Policy Groups Ask Trump Administration To Reject Federal Internet Gambling Ban

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GamblingCompliance: Bills Propose Federal Gaming Tax For U.S. Operators

12TH JAN 2017 | WRITTEN BY: CHRIS SIEROTY The American Gaming Association (AGA) is lobbying to eliminate a “misguided” provision in a recently introduced tax overhaul bill that would subject gaming companies to a 23 percent federal gaming tax, an executive with the trade group said Wednesday. The suggested tax rate for companies offering games… Continue reading GamblingCompliance: Bills Propose Federal Gaming Tax For U.S. Operators

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GamblingCompliance: Crown Resorts Out Of Alon Project; Developers Seek New Financing

20TH DEC 2016 | WRITTEN BY: CHRIS SIEROTY Crown Resorts’ decision to sell its stake in Alon, a $2bn resort planned for 35 acres on the Las Vegas Strip across from Wynn Las Vegas, has garnered mixed reactions from analysts over whether those who remain invested in the project will be able to find new… Continue reading GamblingCompliance: Crown Resorts Out Of Alon Project; Developers Seek New Financing

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GamblingCompliance: Casino Giants Cheer Japan IR Approval

14TH DEC 2016 | WRITTEN BY: CHRIS SIEROTY Leading international casino companies have cheered the approval of integrated resorts legalisation in Japan, a market that brokerage firm CLSA estimates could be worth more than $30bn a year. Japan, the world’s third-largest economy, is set to become home to casinos in the form of integrated resorts (IR)… Continue reading GamblingCompliance: Casino Giants Cheer Japan IR Approval

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Las Vegas Business Press: Las Vegas fund wins $55 million in federal New Market Tax Credits

By CHRIS SIEROTY SPECIAL TO LAS VEGAS BUSINESS PRESS Real estate projects in downtown Las Vegas and other traditionally underserved areas could benefit from millions of dollars in tax credits awarded through a federal program aimed at enticing private investment in low-income areas. The U.S. Department of Treasury allocated $55 million in New Markets Tax… Continue reading Las Vegas Business Press: Las Vegas fund wins $55 million in federal New Market Tax Credits

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PaymentsCompliance: NetSpend Denies Deceptive Marketing Charges In FTC Lawsuit

14TH NOV 2016 | WRITTEN BY: CHRIS SIEROTY The Federal Trade Commission (FTC) has charged reloadable prepaid card company NetSpend with deceiving customers about access to funds deposited on their debit cards, an allegation the company intends to “vigorously contest.” In a 28-page complaint filed on Thursday in federal court in Atlanta, the FTC charged… Continue reading PaymentsCompliance: NetSpend Denies Deceptive Marketing Charges In FTC Lawsuit

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GamblingCompliance: Adelson Tipped To Lobby Trump For RAWA

21ST NOV 2016 | WRITTEN BY: CHRIS SIEROTY With the United States preparing to inaugurate its first former casino owner as president, at least one Washington, D.C. lobbyist believes Donald Trump’s administration will have to consider supporting legislation to reinstate the federal ban on online gambling. “Donald Trump will have to pay some attention to… Continue reading GamblingCompliance: Adelson Tipped To Lobby Trump For RAWA