Category: Regulation
CFTC Promises Scrutiny of Election Wagering Sites
The Commodities and Futures Trading Commission (CFTC) is pledging to diligently monitor platforms offering financial contracts tied to political outcomes as Election Day nears. The headquarters of the US Commodity Futures Trading Commission in Washington, DC. The commission is promising to police election betting markets. (Image: Shutterstock) The commission, which is engaged in a lengthy…
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IRS Cracks Down on $13B in Unreported Gambling Winnings
After an audit revealed that Uncle Sam may have let more than $1 billion in income tax on recent casino jackpots go uncollected, the IRS is cracking down on the oversight. And one of Las Vegas’ most recognizable casino gamblers finds himself in the crackdown’s crosshairs. The IRS form W-2G is issued for every slot…
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Wynn Resorts Lands UAE’s First Casino License
Wynn Resorts (NASDAQ: WYNN) confirmed it has been granted the first commercial casino license in the history of the United Arab Emirates (UAE) and the Middle East at large, paving the way for Wynn Al Marjan Island to include a gaming venue. A rendering of Wynn’s UAE casino hotel. The gaming company said UAE regulators…
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Florida Gaming Regulators Seek Vendor to Help Develop Responsible Gaming Program
The Florida Gaming Control Commission (FGCC) is looking for a partner to help develop a program to prevent compulsive and addictive gambling in the Sunshine State. Seminole Hard Rock Hotel & Casino in Hollywood, Fl. The Florida Gaming Control Commission is seeking a partner to develop a program to combat problem gambling in the Sunshine…
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Veteran Gaming Regulator Calls for Uniform Rules to Protect Young Adults
A veteran gaming regulator who oversaw one of the country’s largest gambling markets says states should have uniform minimum ages to participate whether it be to enter a casino or buy a lottery ticket. David Rebuck, then the director of the New Jersey Division of Gaming Enforcement, speaks at the opening of Ocean Casino Resort…
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