SectorWire
SearchRegister
MenuClose

Italian senators propose reduced settlement for gaming concessionaires’ debts

Regulation

Five Fratelli d’Italia senators submitted a revised budget amendment proposing reduced payments by gaming concessionaires for outstanding sums owed to the state. The proposal would allow payment in three equal instalments without interest, conditional on accepting court rulings and waiving further litigation; the total reduction could not exceed 20%.

The proposal could change concessionaires’ repayment obligations and their ability to pursue disputes with the state.

Request a correction

Flag an issue

Keep reading

Enforcement & compliance

Nevada regulators propose $7.2m Venetian AML settlement over bookmaker case

The operators of The Venetian Resort Las Vegas agreed to a proposed $7.2m settlement with Nevada gaming regulators over alleged anti-money laundering failures involving Mathew Bowyer, the report said. The agreement requires Nevada Gaming Commission approval at its August meeting. The complaint concerns activity from 2019 to 2021, before Apollo Global Management acquired the property’s operations in 2022.

Continue reading