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    Brazil’s betting ban remained a flashpoint in final days of presidential runoff

    Brazil’s betting ban emerged as a key issue in the closing days of the country's presidential runoff campaign. President Luiz Inácio Lula da Silva reiterated his opposition to reopening the market, while challenger Flávio Bolsonaro faced scrutiny regarding proposed alternatives for operators and football clubs impacted by the prohibition.

    Summary based on reporting by G3 Newswire, which retains all rights to its text and images.

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    Italy targets $2.13 billion in gambling revenue under 2027 budget plan

    Italy targets $2.13 billion in gambling revenue under 2027 budget plan

    Italy's government is planning tax increases, altered lottery commissions, and adjusted concession fees to generate approximately €1.9 billion ($2.13 billion) from the gambling sector between 2027 and 2029. A draft budgetary plan submitted to Brussels projects €718 million annually from gambling in 2027 and 2028, alongside €478 million in 2029. The fiscal measures form part of broader state revenue targets led by Prime Minister Giorgia Meloni’s administration.

    Federal Court orders The Star Entertainment Group to pay $182 million for AML/CTF breaches

    Federal Court orders The Star Entertainment Group to pay $182 million for AML/CTF breaches

    The Federal Court of Australia has ordered The Star Entertainment Group to pay AU$260 million ($182 million) for breaches of anti-money laundering and counter-terrorism financing laws. The ruling comes in below the AU$400 million penalty proposed by financial intelligence regulator AUSTRAC. Justice Moore determined the reduced penalty after factoring in prior enforcement penalties and mitigating circumstances.

    Georgia approves law allowing casinos to host international gambling tournaments

    Georgia approves law allowing casinos to host international gambling tournaments

    Georgia’s Parliament has passed legislation permitting domestic casinos to organize and host international gambling tournaments. Introduced by lawmakers from the ruling Georgian Dream party, the bill secured final approval following a 73-5 vote. Lawmakers finalized the measure across two plenary sessions, during which adjustments to baseline regulatory thresholds were debated and approved.