Armenia continues to modify its gambling regime, as Parliament has approved a package of new amendments to rectify existing laws related to gambling.

Approved on Wednesday, 12 June, legislative changes will introduce new tax charges on ‘gambling winnings’, categorised as “large win” and “regular win” for customers.

A “large win” is defined as any single win exceeding 5 million drams (approximately €11,000), which will be subject to a 5% income tax, sanctioned as a measure intended to ensure that significant gambling profits are ‘adequately taxed’.

For smaller wins, consumers will be required to calculate the net winnings, as the difference between the total winnings and the bets placed. The ‘net win amount’ will then be subjected to a 10% income tax.

The distinction aims to simplify the taxation process for frequent, smaller wins, and ensure that gamblers pay their fair share based on actual profits.

The changes mark a shift in Armenia’s approach to gambling taxation. Previously, ..

Armenia continues to modify its gambling regime, as Parliament has approved a package of new amendments to rectify existing laws related to gambling.

Approved on Wednesday, 12 June, legislative changes will introduce new tax charges on ‘gambling winnings’, categorised as “large win” and “regular win” for customers.

A “large win” is defined as any single win exceeding 5 million drams (approximately €11,000), which will be subject to a 5% income tax, sanctioned as a measure intended to ensure that significant gambling profits are ‘adequately taxed’.

For smaller wins, consumers will be required to calculate the net winnings, as the difference between the total winnings and the bets placed. The ‘net win amount’ will then be subjected to a 10% income tax.

The distinction aims to simplify the taxation process for frequent, smaller wins, and ensure that gamblers pay their fair share based on actual profits.

The changes mark a shift in Armenia’s approach to gambling taxation. Previously, ..

GamCare has issued new guidance to British banks on how to spot and prevent gambling-related financial harms impacting their clients’ businesses.

The problem-gambling treatment support charity has published its “Business banking, debt and gambling harm” report, produced from insights gained from workshops and research on gambling-related financial harms.

The report emphasizes the importance of raising awareness and training staff within the banking sector. Banks should utilise their vast data resources to better understand the scale of gambling harm across business accounts and analyse how to foresee and prevent such financial issues.

Another key recommendation is the blocking of gambling transactions on business accounts. The report highlights that while only a small number of business bank account providers, such as Monzo and Tide, currently block gambling transactions by default, and some others, like Santander and NatWest, offer an opt-in gambling block at the customer’s request..

The formation of a new four-party coalition government in the Netherlands has brought sweeping changes across government departments.

As expected the change sees Franc Weerwind removed from his position as Minister of Legal Protections, overseeing the regulatory reform of Dutch gambling under the laws of the Remote Gambling Act (KOA).

Engaged in six months of negotiations, the Party for Freedom (PPV) led by populist Geert Wilders, secured its majority in the Kamer, ending the Netherlands political stalemate by agreeing governing terms with conservative counterparts the Party for Freedom and Democracy (VVD), the New Social Contract Party (NSC) and the Farmer-Citizen Movement (BBB).

A fragile ‘conservative alliance’ has been established on the condition that Wilders will not serve as Prime Minister with the seat reserved for ‘Wilders-endorsed’, non-populist Dick Scoof – who ends PM Mark Rutte’s 14-year premiership as Dutch PM.

With the leadership agreement settled, the four parti..