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472 results for “Stake”

Kremlin Eyes Gambling Goldmine to Fuel War Chest
Regulatory

Kremlin Eyes Gambling Goldmine to Fuel War Chest

As the war in Ukraine enters its fourth year, the Russian Finance Ministry has proposed legalising online casinos to generate 100 billion roubles annually, a move critics label as a desperate attempt to fund the ongoing military campaign through state-controlled gambling.

German legal storm threatens to crash the Maltese fortress protecting bet365
Regulatory

German legal storm threatens to crash the Maltese fortress protecting bet365

The escalating legal conflict over bet365 in Germany serves as a litmus test for the European Union’s ability to enforce judicial cooperation across borders. As Maltese legislation continues to shield operators from multi million euro claims the upcoming decisions from the European Court of Justice will determine whether the current system of regulatory loopholes can survive or if a new era of stringent player protection and cross border accountability is about to begin.

Tax Reform Triumph As Nigeria Abolishes VAT On Gambling Stakes
Regulatory

Tax Reform Triumph As Nigeria Abolishes VAT On Gambling Stakes

The Nigerian Tax Act 2025 has officially eliminated VAT on gambling stakes as of 1 January 2026. This landmark legislation aligns Nigeria with international tax standards and provides much-needed clarity for the sports betting and lottery sectors. While stakes are now exempt, operators must still pay tax on service fees and commissions.

Bay State Blitz: Massachusetts Judge Tackles Kalshi Over Unlicensed Sports Betting Claims
Prediction Markets

Bay State Blitz: Massachusetts Judge Tackles Kalshi Over Unlicensed Sports Betting Claims

A Massachusetts judge has granted a preliminary injunction against prediction market Kalshi, prohibiting the platform from offering sports related contracts to residents without a state licence. The ruling, which follows a lawsuit by Attorney General Andrea Joy Campbell, marks the first successful state level block of the company’s sports business and challenges its claim that federal CFTC regulation preempts local gambling laws.

Facebook Fueling Black Market Gambling as Regulator Slams Social Media Giant
Regulatory

Facebook Fueling Black Market Gambling as Regulator Slams Social Media Giant

The UK Gambling Commission has accused Meta of profit seeking at the expense of player safety, claiming the social media giant allows illegal casinos to bypass British self exclusion schemes. Tim Miller warned that the regulator will use new powers and millions in funding to make the black market commercially toxic for all involved.

Vienna Braces for High Stakes Showdown as Ministry Refines New Casino Framework
Regulatory

Vienna Braces for High Stakes Showdown as Ministry Refines New Casino Framework

Austria prepares for a monumental shift in its betting landscape as the Ministry of Finance outlines new draft legislation for the 2027 casino tenders. While the government focuses on age-based loss limits and stricter enforcement against unlicensed sites, major industry stakeholders are lobbying fiercely for a transition from a state-backed monopoly to an open, competitive licensing model to ensure better player safety and tax retention.

The Star Stripped Bare: Billionaire Owners Ax Headquarters in Brutal Survival Blitz
Regulatory

The Star Stripped Bare: Billionaire Owners Ax Headquarters in Brutal Survival Blitz

The Star Entertainment Group is set to ax its corporate head office and eliminate hundreds of roles in a radical decentralisation plan. New CEO Bruce Mathieson Jr told staff the current structure added complexity rather than value. The move follows a A$300 million rescue deal by Bally’s and the Mathieson family aimed at satisfying regulators and securing the company’s future.

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