Racing Victoria’s acting chief executive Giles Thompson has been appointed as the body's chief executive on a permanent basis.

New laws widening the scope of current legislation on money laundering and the financing of terrorist activity are currently before the New Zealand Parliament and similar moves are expected in Australia.

 

New laws widening the scope of current legislation on money laundering and the financing of terrorist activity are currently before the New Zealand Parliament and similar moves are expected in Australia. The expanded legislation will bring in sports betting and wagering for the first time and will include significant extra costs for industry.

 



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Nominations are now open for the second edition of the Asia Gaming Awards, which takes place on the first evening of G2E Asia, Tuesday, May 16, at The Parisian.

The South Korean government has earned 62.5 trillion won (US$54.56 billion) from the gambling industry over the past 15 years, about half of it through taxes, the Yonhap news agency reported.

Gambling participation and the prevalence of gambling disorders among Hong Kong people have been on the decline, according to a study commissioned by the Ping Wo Fund.

Hong Kong’s gamblers spend more in the casino ships that leave the territory for international waters than they do in Macau’s casinos, a government survey found.

New Zealand is amending its Racing Act to introduce charges for offshore betting operators amidst concern the local racing industry is losing out.

The inaugural ASEAN Gaming Summit kicks off in Manila on Tuesday, gathering more than 300 delegates to discuss the opportunities and challenges of operating in some of the region’s most dynamic markets.

Russia’s State Duma, the lower chamber of the Russian parliament, has passed a bill that requires bookmakers to pay 5 percent of their proceeds every quarter towards the development of sports.

Tabcorp said it is maintaining its dividend targets this year after a Federal Court approved a A$45 million ($35 million) penalty to settle a case with financial intelligence agency Austrac.

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