Online gambling has emerged as a lucrative sector in Southeast Asia, luring in foreign investors and capital across the region. Consisting of live casino games, online gaming machines, and sports betting, the sector is primarily driven by offshore Chinese gamblers. By setting up operations in states with liberal gaming laws, they effectively evade China’s stringent ban on gambling…
While states have cheered the new tax revenue from sports gambling, some new studies have linked the burgeoning industry to lower consumer credit scores, higher credit card debt and less household savings. With access on their cellphones, gamblers can bet more often and easily than in traditional casinos, heightening concerns about problem gambling and the…
High-Profile SCOTUS Attorney Accused Of Using Firm’s Money To Pay Gambling Debt MSN Read the original article here
Inflation may be easing but Australians are still acutely feeling the effects of higher prices, with a substantial increase in people seeking financial help. More than 169,000 people sought help from the National Debt Helpline in 2024 – a 12 per cent increase on the previous year. The increase showed how difficult it was for…
More than 169,000 people sought help from the National Debt Helpline in 2024 – a 12 per cent increase on the previous year. The increase showed how difficult it was for many Australians to get by at the moment, said Peter Gartlan, co-CEO of Financial Counselling Australia, which co-ordinates the helpline service. “Cost-of-living pressures are…
Extralegal governance institutions refer to private or nonstate mechanisms, such as norms, rules, organizations, and behavioural equilibria, which are used to mitigate risks, promote cooperation, and deter opportunism (Dixit, 2004; Leeson, 2008). This section first examines the risks faced by participants in illegal markets and how these risks evolve when illegal transactions move online. It…
The law is set to change to ban the sale of all in store and online Lotto products to those who are under 18. Photo: RNZ/Asia King The Problem Gambling Foundation says children should never have been able to purchase gambling products … even for their parents. Currently Instant Kiwi tickets are the only Lotto…
A high-profile attorney who has argued cases before the Supreme Court was indicted Thursday after federal prosecutors in Maryland accused him of tax evasion and using his law firm’s money to pay millions of dollars in high-stakes poker debt. Thomas Goldstein, 54, the publisher of SCOTUSblog, has been charged with several tax-related crimes, along with…
EU among group pushing for relaxation of debt relief rules EURACTIV Read the original article here
Biden approves final student loan relief, forgiving $600 million in debt MSN Read the original article here