Insights

Online Gambling, Casinos, Taxation, REGULATORY UPDATE Senet Marketing Online Gambling, Casinos, Taxation, REGULATORY UPDATE Senet Marketing

UK Announces Major Overhaul of Gambling Tax

The UK Government has announced significant changes to gambling tax duties in an effort to raise over £1 billion per year to support ailing public finances and tax sustainability. The reforms signify a clear shift in gambling policy by the government and raise implications for consumers and online operators regarding profitability, pricing, product mix and long-term sustainability in the UK market.

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Online Gambling, Casinos, Taxation, REGULATORY UPDATE Senet Marketing Online Gambling, Casinos, Taxation, REGULATORY UPDATE Senet Marketing

New Zealand Releases Cabinet Paper on Online Casino Gambling Bill, Addresses Community Funding Concerns via Increased Duty

New Zealand government’s Minister of Internal Affairs, Hon Brooke van Velden, has released the Cabinet paper and associated materials relating to the Online Casino Gambling Bill. The Cabinet paper addressed the main concern that came up during the select committee process, in which nearly 4,000 submissions advocated for community returns to be included in the Bill.

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AML/CTF Amendment Act – Significant changes are set to take effect from March 2026 for the Australian Gambling Sector

Significant reforms to Australia’s AML/CTF regime will take effect in 2026 impacting both existing reporting entities, including gaming venues, wagering service providers and casinos.

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Gaming Venues, Anti-Money Laundering, AUSTRAC Katherine McGowan Gaming Venues, Anti-Money Laundering, AUSTRAC Katherine McGowan

Compliance for Gaming Venues:  Questions to Ask When Engaging an AML/CTF Advisor and Independent Review Provider

Not all AML/CTF advisory services offer the same level of expertise or depth of analysis. Choosing the right provider can make a significant difference to the quality and effectiveness of a gaming venue, pub or hotel’s AML/CTF program.

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AML/CTF customer identification and verification changes for online wagering operators

From 29 September 2024, more stringent customer identification and pre-verification requirements applicable to WSPs will come into force across all Australian jurisdictions.

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Let the games begin! A guide to sports product fee and integrity approvals in Australia

Before a bookmaker can legally offer a market on a particular sport, and accept bets on that sport, the bookmaker must first have in place a “product fee and integrity agreement” (also known as a “PFIA”) with the relevant sports controlling body that governs that sport in Australia (should one exist).

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Katherine McGowan Katherine McGowan

What is Gambling?

The Gambling Legislation Amendment (Pre-commitment and Carded Play) Bill 2024 (Vic) (Bill) was read in the Legislative Assembly for a second time on 27 November 2024.

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