Macau Casinos On Track to Reduce Pandemic Debt by 2027 … – West Island Blog

During the throes of the coronavirus pandemic, casino operators in Macau incurred significant amounts of new debt in order to persevere. Despite this, Morgan Stanley has expressed optimism, predicting that the six licensed operators will succeed in notably reducing their financial obligations over the upcoming years. Analysts from Morgan Stanley forecast that gaming companies in…

WA businesses on notice as tax office crackdown hits the courts – The Age

After 17 years spearheading his company Perth Security Services, a snowballing legacy tax debt amid a pandemic-driven downturn threatened to undo Neville Maders lifes work. Mader had successfully contested a superannuation claim levelled by an employee, but the Australian Taxation Office audit it triggered saw PSS hit with a tax bill of almost $400,000. Mader…

Australia Takes Steps to Curb Online Gambling Harm – PaymentsJournal

In a significant move to protect vulnerable Australians from the perils of online gambling, the Australian Labor Party Government is set to introduce legislation that bans the use of credit cards and related financial products for online betting. Under the proposed Interactive Gambling Amendment (Credit and Other Measures) bill, companies that fail to enforce the…