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The government of Laos, one of the world’s few remaining one-party communist states, is still chasing more than $5 million from the American businessmen behind a casino venture that descended into a bitter legal battle more than a decade ago.
A US appeals court last week gave Laos another chance to pursue casino entrepreneur John K. Baldwin and his company, Bridge Capital, for the money.
The ruling is the latest twist in a dispute dating to 2012 that has involved allegations of government interference, a failed settlement, and three international arbitration awards.
How to play Revolvero
“Operators do pay, yes, but they pay whatever suits them,” they said. “In other words, we effectively pay what benefits us. All the while, the state has no means of monitoring its regulatory policies.”
In response to these issues, earlier this year the DRC Ministry of Finance outlined plans for a new gambling monitoring platform to enhance its supervision of the sector.
The DRC government is also developing a new legal framework for the gambling industry, designed to modernise existing rules and strengthen oversight of tax collection.
How to play Revolvero
Rootz Partnership Grows!
Leander Games is happy to announce its partnership with Rootz latest addition, Wheelz Casino. Rootz, recently unveiled its third brand Wheelz Casino, as well as a partnership with showbiz star David Hasselhoff. Wheelz follows Wildz, released in July 2019, and Caxino, released last summer.
Wheelz integrated with Leander via our friends at Relax, will be featuring the best proprietary and third-party content including Ave Caesar, Kraken and the soon to be released Diamond Blast Zone featuring Leander’s innovative concept ‘Dynamic Ways’. Game features that include random wild card features, stacked wild cards, win multipliers and ‘The Drill Free Spins Bonus’!