Malaysia’s Federal Court ruled that credit facilities provided to Dato’ Ting Ching Lee for gambling at NagaWorld could not be recovered as genuine loans. It overturned the Court of Appeal’s decision and ordered respondent Ting Siu Hua to pay RM200,000 in costs, subject to the allocator fee.
The ruling determines whether gambling-purpose credit granted for overseas casino play can be recovered in Malaysia.
The day’s most important stories, free. One email a day.
Wynn Resorts chief executive Craig Billings warned Massachusetts regulators and lawmakers that further gaming expansion could undermine the state’s casino model. He cited August casino gross gaming revenue of about $101.9 million and said Massachusetts had collected about $2.53 billion in taxes and assessments since the facilities opened. Billings also pointed to sports betting, iLottery and proposed iGaming and historic horse racing machines as expanding competition.
The House Ways and Means Committee advanced a measure to restore the full federal deduction for gambling losses, Rep. Dina Titus said. The proposal was attached to H.R. 10357 and would reverse the 90% cap scheduled to take effect on 1 January 2027; House and Senate approval and the president’s signature would still be required.
The United Arab Emirates is building a regulated gaming sector under the General Commercial Gaming Regulatory Authority rather than opening to unrestricted gambling, Macau-based lawyer Sofia Linhares told AGB. She said the country is setting its framework in place before a large casino industry develops, and that Wynn Al Marjan Island, a $5.1bn resort in Ras Al Khaimah, will be the first major test.
Nevada casino compliance officers discussed new anti-money-laundering rules approved by the Nevada Gaming Control Board and Nevada Gaming Commission in April. The rules require Board review of casino AML oversight personnel and player-development employees, and operators must report certain employee separations; a ban on business-entity funding of patron deposits and casino credit takes effect in late October. MGM Resorts’ Stephen Martino said the funding restriction could affect gaming revenue.
The Nevada Gaming Commission approved new anti-money-laundering regulations recommended by the Gaming Control Board. The rules introduce oversight and licensing requirements for casino AML personnel, reporting duties for AML-related employee departures and limits on independent agents; provisions take effect immediately or after four or six months.