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Compliance Updates

Nevada Rep. Dina Titus to Add FAIR BET Act to 2026 Defense Budget

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Nevada Rep. Dina Titus is strategically pushing forward her Fair Accounting for Income Realized from Betting Earnings Taxation Act, commonly known as the FAIR BET Act. She intends to attach it to the 2026 National Defense Authorization Act (NDAA), a key piece of legislation that must pass annually. This maneuver, revealed on August 27, is designed to increase the chances that her proposal will be enacted into law.

The FAIR BET Act seeks to reverse a disputed provision introduced under former President Donald Trump’s One Big Beautiful Bill Act. The provision lowered the gambling loss deduction from 100% to 90%, which is set to take effect in January 2026. This change has met significant resistance from both the gaming industry and individual gamblers, who argue that it unfairly taxes money that they never actually won.

Representative Titus, who co-leads the Congressional Gaming Caucus, initially introduced this succinct bill in July. However, it stalled in the House Ways and Means Committee. To overcome this hurdle, she is leveraging a common legislative tactic by attaching the amendment to the NDAA. Around two decades ago, a similar strategy helped pass the Unlawful Internet Gambling Enforcement Act amid a port security bill.

The initiative enjoys strong support from major gaming industry leaders and state officials. Prominent executives from companies such as MGM Resorts, Caesars, and Wynn Resorts have expressed concern to lawmakers about the financial impact this deduction limit could have on both players and casinos. The American Gaming Association has also condemned the recent tax rule, stressing that it unfairly penalizes a legal and regulated industry.

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The FAIR BET Act is gaining momentum across party lines. So far, ten members in the House have endorsed it as co-sponsors. In addition, a Republican counterpart titled the WAGER Act was introduced in July by Representative Andy Barr of Kentucky. In the Senate, Nevada Senator Catherine Cortez Masto has proposed a similar measure known as the FULL HOUSE Act.

Supporters emphasize the importance of this amendment for states like Nevada, where gambling significantly contributes to the economy. However, some critics argue that inserting tax policy changes into a defense authorization bill represents an overreach by lawmakers.

The amendment is currently under review by the House Rules Committee, with a vote expected within the next several weeks.

The post Nevada Rep. Dina Titus to Add FAIR BET Act to 2026 Defense Budget appeared first on Gaming and Gambling Industry in the Americas.

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Balkans

CT Gaming Secures Certification for its Latest Multigame – Diamond King 5

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CT Gaming has announced that the newest addition to its multigame portfolio – Diamond King 5 – has now been officially certified for the Bulgarian market. This marks an important milestone for the company.

As part of the well-established Diamond King series, the new multigame brings even more excitement and opportunities for players. The package includes 40 games, of which 20 are linked to the progressive Diamond Tree Deluxe jackpot, adding extra layers of entertainment and winning potential. The remaining 20 titles are classic games, including two with a Buy Bonus feature, allowing players to dive directly into the bonus rounds.

Diamond King 5 combines well-known player favorites with the legendary Mega Jack trio – Aztec Gold, Slot-O-Pol Deluxe, and Champagne Party – along with a range of exciting new titles that are set to become audience hits. Just like with Diamond King 4, players can win bonuses and jackpots during the base game, promising an even more thrilling gaming experience. In addition to its exciting content, the multigame is compatible with two types of cabinets — the EZ Modulo Tower with a single vertical monitor, and the NEXT or EZ Modulo with three horizontally positioned monitors.

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“The certification of Diamond King 5 is an important moment for us. This is a product in which we have invested the very best of everything we’ve created in the series so far. We are confident that it will build upon the success of the previous multigames and deliver outstanding results for both operators and players,” said Biser Bojanov, CEO of CT Gaming.

The certification of Diamond King 5 in Bulgaria is just the first step in its international rollout. In the coming months, the product is set to be introduced to other key markets, continuing CT Gaming’s mission to provide flexible solutions with excellent performance for operators and unforgettable experiences for players.

The post CT Gaming Secures Certification for its Latest Multigame – Diamond King 5 appeared first on European Gaming Industry News.

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Baltics

CT Interactive Expands its Certified Game Portfolio in Latvia

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CT Interactive has expanded its international footprint in Latvia with 60 newly certified games and a three-level jackpot tailored for the regulated iGaming market. This achievement underscores the company’s commitment to providing high-quality, engaging content.

“The certification in Latvia is an important step in our ongoing European expansion. We’re proud to introduce a diverse portfolio of games to this regulated market and to further strengthen our presence in the Baltic region,” said Martin Ivanov, COO at CT Interactive.

The newly certified portfolio includes 60 games, featuring top-performing titles that are part of CT Interactive’s three-level jackpot system — Hot Luck. Built on the principles of surprise and inclusivity, this jackpot system delivers a dynamic and rewarding experience for players of all types.

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The Hot Luck Jackpot boosts player engagement with its three-level random rewards, making gameplay more exciting and unpredictable. Players can now enjoy popular titles like Win Storm, Wild Clover and Hot 7’s x2 with added thrill thanks to the Hot Luck Jackpot. These games have proven successful across multiple markets and maintain a loyal player base.

The portfolio also features new titles from CT Interactive’s Buy Bonus product line, based on popular games like Duck of Luck, Fruits & Sweets, Doctor Winstein and Nanook the White Ghost. These upgraded versions include one- or three-level Buy Bonus features for even more dynamic gameplay.

The post CT Interactive Expands its Certified Game Portfolio in Latvia appeared first on European Gaming Industry News.

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Compliance Updates

New channelization assessment from the Gambling Authority confirms Sweden’s problem

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BOS – the Swedish Trade Association for Online Gambling – comments the assessment of the channelization rate for 2024 in Sweden that the Swedish Gambling Authority (SGA) presented today: https://www.spelinspektionen.se/nyhetsarkiv/kanaliseringsgrad-pa-den-svenska-spelmarknaden-2024/

The assessment in summary:

The Gambling Authority estimates that channelization in the Swedish competitive gambling market is 85%.

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This is a decrease of 1 percentage point from last year’s estimate of 86%.

Fewer sources have been used for this year’s assessment. H2 Gambling Capital is now excluded and therefore does not contribute to the estimate of 85%. H2GC recently adjusted its estimate for Sweden down from 91% to 72%.

The estimate of 85% should be compared with the state’s channelization target for a long-term sustainable gambling market: at least 90%.

Gambling verticals such as betting and online casino have also been measured individually. They show large differences. Betting, including the popular betting on horse racing in Sweden, is estimated to have a channelization rate of between 92-96%. Online casino is estimated to have a channelization rate of between 72-82%.

Five main reasons are given as motivations for gambling unlicensed, including a better selection of games on the unlicensed gambling market and having disconnected oneself from licensed gambling on Spelpaus.se.

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The SGA will present an estimate of the channelization rate on the Swedish gambling market once a year.

BOS Secretary General Gustaf Hoffstedt comments: “With this assessment, the SGA confirms that Sweden’s major problem in the gambling market is online casino. It is unacceptable that around a quarter of all online casino gambling is leaking out of the licensed market. It is equally unacceptable that this has been accepted by political decision-makers for half a decade, since the channelization has also been low in previous assessments, without effective regulatory measures being taken.

Later this month, gambling investigator Marcus Isgren’s proposal to change the scope of the Gambling Act will be presented. It is a welcome change in the law that will criminalise almost all unlicensed gambling in Sweden. But anyone who understands the gambling market knows that the elephant in the room is that the licensed market is so tightly regulated that it does not appear attractive enough in the eyes of the consumer. Without a review of, for example, the total ban on bonuses and other loyalty programs, next year’s channelization assessment from the SGA will also be a disappointment.”

The post New channelization assessment from the Gambling Authority confirms Sweden’s problem appeared first on European Gaming Industry News.

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