Gambling laws are some of the most difficult to understand, and more often than not some of the most variant from one region to another. They’re also some of the most frequently adjusted laws locally, nationally, and internationally, across the world. When these types of laws change, they can affect everyone from players and casinos to industry giants.
Playtech, one of the top online gambling servers in the business, learned all too well how much a single country’s change in legislature can affect the industry. When Malaysia decided to block all online gambling sites within their country’s borders in an attempt to curb illegal gaming and betting activity, Playtech took a hit to their annual revenue. Malaysia comprised 8% of Playtech’s income prior to this decision, so when the change was made, the company definitely took a bit of a hit.
While the strict decision to ban online games in Malaysia leaves no room for interpretation, Las Vegas ran into the problem of some of their laws leaving too much wiggle room. The popular gambling destination ran into problems when the vagueness of the wording in their laws about slot and pachinko parlors such as the local favorite Dotty’s failed to set amounts for how much is too much for a bar to make on side businesses such as slot machines.
While some law changes deal strictly with the Do’s and Don’t’s of betting practices, others are far more political in nature. This year the Northern Territories of Australia proved that when their government officials more than doubled the cap on gambling taxes paid by big gaming giants such as Bet365. The previous cap of $250,000 was raised to $550,000 in an effort to push more funding into the struggling national and local economies.
In a world such as the one we live in today, it can be more difficult to keep track of the laws and regulations of gambling in any particular destination than it is to master the games themselves.
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