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Nevada Gaming Control Board: Industry Notice 2023-05 Proposed Changes to Minimum Internal Control Standards

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  Notice #2023 – 05 Issuing Division: Audit DATE: January 9, 2023 TO: All Group I Nonrestricted Licensees and Interested Persons FROM: Phil Katsaros, Board Member SUBJECT: Proposed Changes to Minimum Internal Control Standards The Nevada Gaming Control Board has made revisions to the proposed Minimum Internal Control Standards (“MICS”). The initial drafts of the…

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The MGA Issues Interim Performance Report for January – June 2022

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  The Malta Gaming Authority has released its Interim Performance Report for the period between January to June 2022. A review of the Authority’s accomplishments for the first half of 2022 is provided in the report, together with a description of the Maltese gaming industry’s performance over the same period. The latter provides a medium-term…

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Cambodia Implements New Taxation Regime for Commercial Gambling Establishments

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  Cambodia has started to implement a new taxation regime on commercial gambling establishments, on a self-declaration basis. The new regime encompasses a revenue-based tax rule and procedures, following a lump sum-based regime which had been in place for decades. The gambling establishments are also required to follow the International Financial Reporting Standards, governing how…

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HappyBet’s Sportsbetting Licence Renewed Until 2027

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  The Darmstadt Regional Council has extended HAPPYBET’s license for sports betting in Germany until 2027. HAPPYBET is a betting brand with around 90 employees, four locations and 130 acceptance points in Austria and Germany. “One of HAPPYBET’s strengths and the engine of its growth is its affiliation with Snaitech. This established group has been…

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India: MeitY Releases Draft Amendments to the IT (Intermediary Guidelines & Digital Media Ethics Code) Rules, 2021 in Relation to Online Gaming

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  The Ministry of Electronics and Information Technology released draft amendments to the IT intermediary rules 2021, pertaining to Online Gaming for public consultations. The draft has been prepared to ensure that online games should be offered in conformity with Indian laws and that the users of such games be safeguarded against potential harm. On…

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Penn Sports Interactive Receives Massachusetts Licence

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  Penn Sports Interactive and its Barstool Sportsbook have received a temporary mobile sports betting licence for Massachusetts. The US state’s Gaming Commission voted unanimously to hand PSI a Category 3 Sports Wagering Operator Licence following meetings. The MGC says Penn must provide the commission with diversity goals for workforce and supplier spend, among other…

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