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Attacking the Money-Laundering Problem in Mexico

According to the Los Angeles Times, Mexican officials have estimated the amount of laundered money in the Mexican economy at $50 billion annually—three percent of the legitimate Mexican economy. The CIA World Fact Book...more

Poland: Consequences of proposed amendment to Polish Gambling Act for foreign operators

On 21 October 2014, the Council of Ministers considered a draft amendment (version as of 17 October 2014) to the Polish Gambling Act dated 19 November 2009 which envisages a new opportunity for foreign gambling operators to...more

State Council Issues Guideline to Boost Sports Industry

On October 20, 2014, the State Council announced a guideline to boost China’s sports industry, named Opinions on Accelerating the Development of Sports Industry and Promoting Sports Consumption, Guofa [2014] No. 46...more

Online Poker Players Beware

I thought we had reached the end of our FBAR streak, but not yet. In a Federal District Court case opinion released last week, the Northern District of California ruled that a U.S. online gambler was obligated to report his...more

Insolvency In The Fashion Retail Sector: The Risks And The Opportunities

In this article on the changing landscape of UK fashion retail, we consider the challenges and changes faced by the industry and comment on the opportunities available for existing players and potential new entrants to the...more

Casino AML Compliance Update: Las Vegas Sands Corp. Places Macau Casino Junkets Under Increased Scrutiny.

On April 4, 2014, Bloomberg reported that the Las Vegas Sands Corp. (“Sands”) has increased its scrutiny of casino junket operators in Macau. The decision comes as casinos seek to meet the increased demands of federal...more

Poland: Additional payment services available to operators regulated under the Polish Gambling Act

Changes to the Polish Gambling Act have broadened the array of payment service providers that Polish-licensed operators can use. In October 2013, an amendment to the Polish Gambling Act came into force which changed the...more

Harmonised Anti-Money Laundering Rules for Online Gambling

On 11 March 2014, the European Parliament adopted the Fourth Anti-Money Laundering Directive (Directive). The updated rules mean that all gambling services (both physical and electronic) will be subject to EU-wide regulation,...more

Financial bets are gambling?

Gaming law disputes as to the qualification of financial bets, binary bets, spread betting and trading tournaments are more and more frequent as a consequence of the continuous growth of such product. However, the main issue...more

Turkey: The authorities launch a tender for the privatization of the lotteries

The Turkish authorities have published today an announcement regarding the privatization of their lottery services (Official Gazette w. no. 28833)....more

European Commission revises rules for state-aid support for films

Published last week, the European Commission’s new Cinema Communication 2013 (the “Communication“) broadens the scope of activities in connection with the creation of films and other audio-visual works which may attract...more

Gaming Legal News - November 2013 • Volume 6, Number 25: Investment – Why Bulgaria?

The strategic geographical position of the country and the membership with the European Union provide a wide range of investment opportunities in Bulgaria not only for local, but for foreign investors as well. The advanced...more

Appendix - Opening-up Measures for Service Sectors (China)

Please see full chart below for more information....more

Spain: The lone smoker solution

Very high expectations have arisen in Spain since two major gambling and entertainment projects were announced some months ago. Indeed, Las Vegas Sands has confirmed in several occasions its ambitious project for developing a...more

12 months gaming ban, is it a joke?

The Italian gaming market has suffered a period of high tension today when the Italian Parliament has approved a motion instructing the Goverment to urgently ban for 12 months both online gaming and land-based gaming systems...more

Intellectual Property and Technology News | Issue 4, Q3 2013 (Global)

In This Issue: - IPT INSIGHTS - INTELLECTUAL PROPERTY AND SPORT – A WINNING COMBINATION... - THE CJEU GOES TO THE MOVIES: REFLECTIONS ON FILM COPYRIGHT FROM AUSTRIA, THE NETHERLANDS AND THE UK - CLOUD...more

The Most Profitable Baseball Team Of All-Time And Commitment To Ethics And Compliance

Sorry to interrupt my three-part series on the greatest ethics and compliance article ever written but I just could not help myself. On Monday, forbes.com, in an article entitled “2013 Houston Astros: Baseball’s Worst Team Is...more

Currency Exchanges: Why They Are Needed and How To Avoid A Pitfall

Executive summary - ..Currency exchanges are needed during the production of most films and some television programmes ..That can result in a currency loss or gain ..Financiers need to be sure any...more

Commission Launches First State Aid Investigations Into Football Clubs

The European Commission opened the first in-depth investigation into alleged State aid for professional football clubs. This comes after the Commission launched investigations into the financing of arenas. It is likely that...more

Sands’ Casinos Report of “Possible” FCPA Violations Will Draw Scrutiny to the Gaming Industry

On Friday, March 1, 2013, the parent company of the Las Vegas Sands Corp. (Sands), reported in a filing to the Securities and Exchange Commission (SEC) that the company may have violated the “books and records and internal...more

China 20/20 Legal and Regulatory Developments - January 2013

In This Issue: SAFE Issues Notice of State Administration of Foreign Exchange on Further Improving and Adjusting Foreign Exchange Policies Related to Direct Investment; SAFE Makes Revisions to Provisions on Foreign...more

Reduced Interchange Fees in China Effective February 25, 2013

The ten year-old regime governing merchant fees in China is about to change – and the fees are, in general, about to be reduced by one-fourth or more....more

ALL BETS OFF!

Due to "legal and regulatory pressure" Dublin-based Intrade will no longer accept bets from US customers and all existing US customers must exit their trades and close their accounts. Intrade operates a real-money based...more

State of New York v. Vincent Basciano Jr., et. al. (Michael Colbert)

Indictment

State of New York Indictments of Elaborate Sports Betting Ring Involves Offshore Online Sports Betting Web Sites Allegedly Utilized by the Defendants for illegal sports wagering in the US: In addition to traditional...more

Cardoom International LLC v. Mark Scheinberg, et. al. (Ferguson, Chris)

NOTICE OF DEMURRER AND DEMURRER OF DEFENDANT CHRIS FERGUSON, TO PLAINTIFF’S FIRST AMENDED COMPLAINT

Plaintiff’s lawsuit is nothing more than a base attempt to capitalize on an indictment and civil forfeiture action that is wholly unrelated to the claims alleged. Plaintiff, Cardroom International LLC (“Plaintiff”), claims...more

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