SBC News

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..

ELITBET has linked up with Fraud prevention company SEON to manage modern fraud attacks within the gaming space.

In order to match its growing customer base, the Bulgarian gaming operator looks to safeguard its bonus offers that are susceptible to fraud attacks.

This will be done through integrating SEON’s end-to-end fraud prevention and AML solution to filter out bad actors at the account creation stage and enhance login monitoring across accounts.

SEON’s solution looks to enhance ELITBET’s ability to manage fraudulent sign-ups and monitor for suspicious activity and transaction monitoring.

Viktor Kirilov, CEO of ELITBET, commented: “We chose SEON due to its unique and scalable end-to-end solution, which will enable us to stay ahead of modern fraud attacks while minimising friction for our expanding customer base.”

Utilising a robust combination of advanced digital footprinting, device intelligence and real-time monitoring, SEON will equip ELITBET with tools to prevent individu..

Glücksspielbehörde (GGL), Germany’s Federal Gambling Authority, has announced that it will launch a comprehensive evaluation of the market in 2026.

The federal agency is currently in the process of analysing the role in society of the German regulated market that was introduced in 2021, bringing to play the Fourth Interstate Treaty on Gambling GlüNeuRStv (GlüStV), which established a new regulatory framework for online gambling disciplines.

A key focus of this analysis is the effects on the public of gambling advertisements, especially those shown online and on TV, with the GGL awarding media research group eye square GmbH a contract to perform an in-depth study on the issue towards the end of last year – to be coordinated with all 16 German federal states.

Still ongoing, the study will primarily focus on whether vulnerable groups are being influenced by not only individual ads, such as TV commercials and social media advertising, but also the inclusion of customer bonuses and di..