Water crisis forcing another closure of Grand Canyon hotels Summary All hotels on the South Rim inside Grand Canyon National Park are halting overnight stays starting Saturday because of severe water shortages caused by multiple breaks in the 12½-mile Transcanyon Waterline. Park officials say no water is currently being pumped to the South Rim and […]
Sri Lanka’s new Gaming Regulatory Authority to improve transparency, boost investor confidence | AGB Summary Sri Lanka has formally launched a single Gaming Regulatory Authority under the Gambling Regulatory Authority Act No. 17 of 2025. The new regulator replaces several older laws — including the Betting on Horse Racing Ordinance, the 2010 Casino Business Act […]
Brazil senate committee approves tax hike on gambling Summary The Senate’s Economic Affairs Committee (CAE) approved the proposed increase in taxes for betting and fintechs by a vote of 21 to 1. The bill (PL 5,473/2025), now at its final committee stage, will go to the Chamber of Deputies if no appeal is filed. The […]
Strategic Allocation: Bank of America Endorses 4% Crypto Allocation for the Ultra-Wealthy Summary Bank of America has formally authorised its wealth channels (Merrill, Bank of America Private Bank and Merrill Edge) to recommend a 1%–4% allocation to digital assets for clients, starting 5 January 2026. The guidance is ETF-focused — advisers will cover four regulated […]
Switzerland Rejects Ultra-Rich Tax: Why CEOs Still Call It the World’s Top Wealth Haven Summary Swiss voters overwhelmingly rejected a proposal to introduce a federal inheritance and gift tax on transfers above 50 million Swiss francs (around $62m), with about 78% voting against it. The proposal targeted roughly 2,500 people and aimed to raise funds […]
Seward and Son to pay $150K for allegedly preferring non-Americans over Black American workers Summary Seward and Son Planting Co., a farm in Louise, Mississippi, agreed to pay $150,000 to settle EEOC allegations that it discriminated against Black American employees by favouring non-Black foreign workers hired on H-2A visas. The complaint said the company assigned […]
Analysts outline massive profit potential for Genting’s full New York casino Summary Resorts World New York City (RWNYC), currently a slots-only venue owned by Genting Malaysia, is poised to become a full commercial casino if licences are granted. Analysts say RWNYC’s expansion — with plans for 4,000 slot machines and 250 table games by June […]
U.S. Bankruptcy Court approves agreement to settle US$1.6 billion Baha Mar legal dispute Summary The U.S. Bankruptcy Court in New Jersey has approved a comprehensive agreement between entities of China Construction America (CCA) and BML Properties Ltd, the original owner of the Baha Mar resort. The deal follows a US$1.6 billion judgment awarded to BML […]
Report: 44% of Truck-Driver Schools Not Meeting Required Standards Summary A federal Transportation Department review found that about 44% of the roughly 16,000 U.S. commercial driver licence (CDL) training programmes fail to meet federal requirements. The review examined curriculum, record-keeping, instructor qualifications and documentation of behind-the-wheel training. Around 3,000 programmes face immediate removal from the […]
U.S. Department of Transportation targets ‘CDL Mills’ as thousands of training providers removed from federal registry Summary The U.S. Department of Transportation (DOT) announced a sweeping review and purge of Commercial Driver’s Licence (CDL) training providers listed on the Federal Motor Carrier Safety Administration’s (FMCSA) Training Provider Registry (TPR). Nearly 3,000 providers have been removed […]
