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In our first story this week, Hawaii law enforcement continues with the crackdown on illegal gambling in Honolulu. On Tuesday, Honolulu Police Department raided the underground gaming room in the Liliha part of the city. Officers of the Narcotics/Vice Division acted on the search warrant based on prolonged surveillance of the game room.
During the raid, officers arrested a 44-year-old woman who allegedly ran the illegal establishment. Police also seized 16 gambling machines and a substantial amount of cash. The woman is charged with possession of gambling devices and promotion of gambling in the second degree. After posting a $4,000 bail, she's been released and currently awaiting trial.
Currently, Hawaii is the only US state, next to Utah, where all forms of gambling are prohibited.
Next up, one of the best indicators of how successful online gambling companies have been in the past year comes from Great Britain.
Denise Coates, head of the online gaming empire Bet365, tops the list of the biggest taxpayers in the United Kingdom. Coates, whose family owns the betting giant, paid the £421 million tax bill for 2021. This puts her convincingly at the top of the Sunday Times ranking of individuals with the highest taxes paid. The Coates family paid a whopping £421 million in taxes, which makes the UK's biggest taxpayers for the third consecutive year. Last year's bill was even bigger, with £573 million paid.
According to the list, the total tax for the top 50 taxpayers is up from the last year by £510 million.
In our next story, Las Vegas could soon host a Formula One race. According to the reports, the talks between F1 representatives and the Las Vegas Convention and Visitors Authority have been going on for months. At the moment, the possibility of an F1 event on the Strip seems very real.
The potential event will likely take place in 2022 or 2023. Apparently, this will not be a one-time deal. F1's idea is to make the street race through Las Vegas their flagship US event. The Formula One officials are planning to place the starting greed at the Bellagio near Flamingo Road and have racers drive north from there.
This year's schedule already includes two US races, one in Austin and the other in Miami.
In our last story, more bad news for crypto investors. The White House is expected to issue an executive order in the upcoming weeks that could have a huge impact on the crypto market.
The Biden administration seems determined to take actions that will help develop a regulatory framework for the digital asset market. First up is the executive order that will instruct the government agencies to initiate risk analysis on the cryptocurrency as a national security threat. The White House thinks of digital assets as a matter of national security because they consider blockchain technology as a tool for circumventing cross-border rules regarding money transfer. Many experts see this move as just a part of the broader crypto crackdown expected during this administration.
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