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Why Now Is The Right Time To Start An Online Gaming Business

In the past few years, online gaming has been growing at a staggering rate. While there are a handful of established gaming developers, many new developers have begun to see incredible success in this industry, and the future looks bright for online gaming. Nonetheless, before you go barrelling into setting up your own casino business, you should first understand some of the reasons why online gambling is going through a period of rapid growth.

Why Would You Want To Start A Casino Business?

Besides the obvious benefits, such as the potential for huge profits, it has become easier than ever before to set up your own online casino business. Due to the rapid increase in online gambling, there has never been such a great time to start for the reasons discussed later in the post. Furthermore, the barrier to entry has decreased considerably with options such as white label casino solutions that make it far more straightforward to set up shop. You can use these solutions to essentially buy into a franchise. While it is not strictly a franchise, you will receive all the tools and licenses you need to start. This can be hugely beneficial if you already have business experience but are new to the online casino space. As discussed previously, there has never been a better time to begin, but what has influenced this increase in online gambling?

Global Lockdowns

There is nothing more beneficial to online platforms as a global pandemic! Even though it is not something to laugh about, it remains the case that people still have to do something because they have been locked inside their homes for over a year. This, coupled with the extreme boredom that accompanies lockdowns, has led to many people turning to the internet for entertainment. One form of entertainment that has proven popular is gambling and playing the multitude of different games available. Many other casinos have discovered that catering to newcomers has increased their revenues substantially. Nonetheless, there is still plenty of room for other players, but you may miss out on the lockdown wave if you don’t start now.

It Is Highly Accessible

Even if you were to factor out the COVID-19 aspect, most people still prefer the convenience compared with a traditional casino. For example, you can choose any game you like at any time of the day and pay however you want. You can’t get much more convenient than that! Additionally, many casinos offer the chance to play via an application that you can download directly to your phone or mobile device. There has also been an increase in casual gaming, whereby people no longer play only to win but also because they find it exciting and enjoy gambling as a pastime. Many players enjoy playing poker for fun, but they may not be able to organise a poker group from their friends or acquaintances. The next best thing would be to use an online casino with live poker tournaments.

There Are More Games Than To Choose From

Large game libraries have been commonplace since the dawn of online gambling. Still, the main difference these days is a massive proliferation of high-quality titles ready to play at any time. Moreover, the companies providing gaming solutions to online casino entrepreneurs keep upgrading their offerings and hiring talented developers to stay competitive. This creates a snowball effect as more players join because of an ever-increasing game selection but stay gambling as those games become even more exciting. Your business will benefit from this improvement in in-game quality by differentiating itself from your competitors, even more so if you keep your selection up to date and stay perceptive to your customers’ playing habits.

Secure Payment Methods

In choosing a casino, most players are concerned with how to make a deposit. Additionally, there is another concern for any casino player who wins money: how to retrieve their winnings. Today, online casinos have made it easier than ever to make deposits and collect winnings. With the advent of multiple secure payment processors to handle these payments, it has become elementary for players to move their money around. Moreover, players are increasingly being provided with the option of using cryptocurrencies (usually Bitcoin) as their preferred currency. Consequently, more international players who have traditionally been locked out from global banking systems can now sign up and participate without restriction.

There Is A Real Chance Of Winning Money

Although there are more and more casual players onstream, the fact remains that most players are competing to win. This is no bad thing, as the more players can win (within boundaries), the more likely they will continue playing at their favourite casino. In general, online casinos offer far better odds than their brick and mortar counterparts, making it more attractive to move from the real world to the online world. This means that if you are to open your own online casino, you should see which casino software solution offers games that appeal to your sense of risk.

Easy For Beginners To Get Started

Perhaps the most significant reason to open an online casino as soon as possible is that it has never been easier for new players to start gambling. In the past, conventional casinos were perceived to be the hangout of professional gamblers. In some cases, there are even entrance fees, body searches, and if you are unlucky, tap-downs by big, burly security personnel. However, these days, nothing could be further from the truth. The process of opening an account, depositing money, and playing either the computer or other live players is no longer intimidating for a beginner.

Incredible Analytics

Most gambling software solutions will come with an advanced suite of analytical data that you can employ to increase your revenue. A range of factors can be considered, from marketing performance (seeing who your best affiliates are, for example) to how long players stay with a specific game. These data will help you determine what you need to do to boost revenues and attract more players.

Since it has never been easier or more lucrative, there has never been a better time to start an online gaming business. Whether it’s being able to attract a captive audience or the plethora of payment options making it easier than ever to keep players inside your ecosystem, there’s never been a better time to get started.

What does the Evergrande debt crisis mean for China’s economy?

As the COVID-19 virus spread across China in the early months of 2020, some expert commentators dubbed it as China’s “Chernobyl moment” – an event that would undermine the legitimacy and rule of the Communist Party. A much more likely candidate for that title has emerged, though, in the form of the debt crisis enveloping Evergrande Real Estate Group.

China’s second largest property developer and the most indebted developer in the world with over $300bn of liabilities is out of money, and unable to meet interest payments due to both banks and foreign bondholders — though it was reported on Wednesday 22 September that some agreement has been reached to meet an interest payment to domestic bond holders. Evergrande Real Estate Group is also a kind of metaphor for the wider debt crisis in the Chinese economy. Material consequences for both China and the global system are sure to follow in the coming months.

The immediate problem is the unravelling of Evergrande Real Estate Group, which owns more than 1300 properties in more than 280 cities across China. Until now, the Chinese government has refrained from stepping in, choosing instead to make an example of Evergrande’s “capitalist excesses” to banks and others as a way to encourage more conservative methods.

Yet some sort of state bailout or restructuring is inevitable for the developer, at least to buy time. Otherwise, the financial contagion, and economic and social instability consequences of a messy default, would be catastrophic for Xi Jinping, especially ahead of the important 20th party Congress in November 2022. Consider that much of Evergrande Real Estate Group’s liabilities comprise pre-sale deposits by almost 1.5 million households, all of which would see their savings lost. Evergrande’s employees and others bought financial products that it issued to help fund itself, and they too would risk losing money in a worst case scenario. The Chinese government will not want unhappy citizens to be on the hook. We expect that rather than a spectacular “Lehman-type” crisis, China will go through a period of financial distress, which will postpone growth.

Understanding the Purpose of a Golden Visa

It is not every day that you come across a visa that opens up the borders of an entire continent, but this is exactly what the Golden Visa does. It was introduced by the Portuguese government back in 2012 to attract wealthy investors from outside Europe and it has worked surprisingly well. This blog post will help you understand more about how these visas work, so if you are thinking about applying for one then read on!

What Is A Golden Visa?

A Golden Visa is a visa that provides residency in exchange for investing at least $500,000 USD into the property in the country where it was issued. The amount varies by country and depends on how much money they want to attract from international investors.

For example, Hungary requires an investment of €250k or equivalent currency while Portugal only needs €50k euros or equivalent currency for a Mercan Golden Visa. In some countries, there are no set requirements for what you can invest but most require just one non-refundable purchase of real estate with either a value greater than €300,000 euros or above 500 square meters.

Some countries allow investments such as government bonds which have different rules about how long your investment must be held before getting citizenship; usually three to five years.

Benefits

The Golden Visa offers many benefits such as:

  • Citizenship within one year after obtaining residency status
  • Freedom from visa restrictions when traveling within Europe under Schengen Area membership
  • Access to international education programs offered by many European countries including kindergarten through university-level studies with fewer tuition fees charged for EU students enrolled in higher education institutions
  • The ability to live in a diverse society with different cultures and languages

The program is an excellent opportunity for people who want to invest in real estate, have access to European citizenship, or wish to study abroad without worrying about visa restrictions under EU membership.

Why People Want To Get One

There are many reasons why someone may want to get a Golden Visa, The two main ones for people in the United States for instance are that they have enough money saved up so that they can invest at least €500,000 into the property and live there on an annual basis, or they have a relative who lives in one of these countries.

The first reason is that if you haven’t lived in Europe before then it’s difficult to qualify for residency through any other means than getting married to a European citizen and even more difficult if your family doesn’t already live inside of EU borders.

The latter reason would be used by those who wish to take care of elderly relatives outside of their home country by hosting them over while also being able to travel back and forth.

How To Apply For One

Obtaining a golden visa is not as easy as it might seem. Countries are starting to adopt more stringent requirements; Portugal requires that the applicant has invested at least 500,000 Euros in Portugal or 250,000 Euros into an approved business project.

The country also now demands proof of health insurance coverage by applicants who do not already have residency status there.

These stricter regulations may be due to recent cases where fraudsters were uncovered using fake documents and/or contacts with Portugal government representatives in order to make such investments on behalf of others without their knowledge.

To get one you’ll need proof that your wealth is legitimate; documents such as bank statements, pension plans, shares certificates, deeds of property, etc., along with evidence that you have access to sufficient funds while living abroad, such as a monthly income statement from a non-working spouse.

The Types

In order to apply for a golden visa, it is important to be aware that there are many different types and each comes with its own requirements and benefits.

The Immigrant Investor Visa

Requires applicants to have either €500 000 into real estate in their new country or at least €250 000 invested locally (in government bonds, stocks, or shares). This visa is for those who want to improve their quality of life in return for an investment.

The Retirement Visa

Requires applicants to be at least 55 years old and have €400 000 invested into government bonds, or shares. They can also invest €350 000 into real estate anywhere on the Portuguese coast; this option comes with a requirement that they maintain ownership of the property during their stay (and it must remain free from any mortgages). This type of visa is good if you are looking towards retirement and wish to live close to the ocean.

The Business Investor Visa

Requires applicants to have either £200 000 into business in their new country OR £250 000 invested locally (in government bonds, stocks, or shares). This visa is for those who want to set up a business and live in Portugal.

The Ph.D. Student Visa

Requires applicants to be studying, researching, or teaching at an accredited Portuguese university. This type of visa will enable you to study without any tuition fees

The Innovator’s Visa

Has not yet been released but it is expected that the requirements will include either £200 000 into research projects or £250 000 invested locally (in government bonds, stocks, or shares).

The Entrepreneur Visa

This one is also coming soon! The entrepreneurial visa offers residence permits with minimum investments of €50k in new companies registered outside Portugal. Applicants must have control over all company decisions. The Portuguese government has been very generous in that it does not require applicants to leave Portugal for at least five years and, if they do decide to live elsewhere during this time period, they will still be able to maintain their visa status by providing proof of regular visits back home

The individual investor Visa

Requires applicants have €100k invested locally (in government bonds, stocks, or shares). This is the easiest option because there are no other conditions attached to it but you should note that with all types of visas there may be restrictions on employment opportunities depending on where your investment lies. For example, an immigrant investor cannot work as a doctor while applying for residency nor can he/she take up any jobs related to Portuguese immigration.

The Immigrant Investor Visa

Requires applicants to have either €500 000 into real estate in their new country or at least €250 000 invested locally (in government bonds, stocks, or shares). This visa is for those who want to improve their quality of life in return for investing in the local country’s economy.

A Golden Visa is an opportunity to live in another country without having to go through the same visa process as everyone else. Whether you’re looking for more exotic and exciting places to visit, or if you just don’t feel at home where you currently reside – there are many reasons why someone may desire this type of immigration status.

Tips for HR to Maintain an Employee Handbook while Working Remotely

The cornerstone of communication for HR departments is their employee handbook. Outdated policies not only cause confusion among the employees but also puts the company at jeopardy for several lawsuits. Therefore, it is really important for businesses to review their employee handbook twice a year as a policy as well as revise it every time a new law concerning the employees is introduced. E.g. the recent pandemic has raised serious questions about several compliance policies in companies and to remain clear HR needs to add and subtract several things to this corporate policy document.

Here are 4 tips to keep your employee handbook up to date while we have all started working remotely:

1. Remote Working Policies

As the entire world was forced to shift to remote working, a lot of employees complained that remote working meant they had to be available 24/7 or that their families might be close by when they are taking important work calls. To deal with such things, HR has to upgrade their company privacy policies as well as the timings of employees as well. Having access to the internet all the time should translate into working anytime and every time, especially when it comes to remote working parents, or people who have sick relatives at home etc, they should be given the flexibility of when they want to work or whether they want to work task based or time based etc.

2. New Tools For Communication

Employees who are remote can communicate via calls or SMS all the time, SaaS tools for communication such as slack should be introduced throughout the organisation to make communication easier. Some organisations do use tools like skype but skype does not offer a full range of apps it can connect to such as slack. Introducing new policies to communicate at appropriate timings and on appropriate channels according to the company need to be added to the upgraded employee manuals.

Some policies on accessing company documents and other data through your personal laptops or work laptops should also be in place to avoid data leakage. These policies are to upgraded in the document as well as communicated to the entire company over email or a short meeting

3. New Applicable Laws

New laws regarding employee welfare, different businesses, taxes etc are being introduced all the time. One of the most tedious responsibilities of an HR person is to be on the lookout for these and then after documenting the laws into the handbook, explain them to the employees too. To avoid expensive litigation, federal and local law compliance is of vital importance.

We recommend keeping your employee handbook handy in a word or google doc file and keep updating the chances as they come to you. HR is recommended to convert these policy upgrade meetings into a fun presentation or a 15-20 minute training so that its can become fun for both the parties.

4. Pandemic Contingency Plan

The covid-19 pandemic brought the remote work wave with it. A Lot of people loved working remotely but many questions arose with this plan. Such as what would the company do if another pandemic is to show up ? Would the employees be let go ? How can you make business digital if you were to lose your physical location tomorrow? How will the aggrieved employees who were let go be compensated and several other questions.

We recommend HR needs to ask the employees to send their questions that were looming in their thoughts during the pandemic and devise policies to answer those questions for the future. An entire pandemic contingency plan section should be a part of all the employee handbooks from 2020 onwards.

Whether you are starting from scratch or just upgrading the previous handbook, the two important steps include taking feedback from employees and keeping your handbook up to date according to the employee issues as well as the law. Let us know what interesting policies your company came up with to help their employees.

Provisional Job Stability of Disabled Employees due to Pandemic

At the end of 2019 and beginning of 2020, the world observed the disastrous trajectory of the Sars-Cov-2 Coronavirus, which infected thousands of people in the city of Wuhan, China, and spread to several provinces in that country, and then around the world.

In Brazil, the Ministry of Health published, on February 3, 2020, Ordinance (Portaria) no. 188/2020, which declared a Public Health Emergency of National Importance (ESPIN), due to Human Infection by the new Coronavirus (2019-nCoV).

On February 6, 2020, Law no. 13.979/2020 was published, containing measures for countering the ESPIN, due to the outbreak of the virus. The Law has suffered subsequent changes.

On March 11, 2020, the Director-General of the World Health Organisation, Tedros Adhanom Ghebreyesus, declared the existence of a pandemic, resulting from COVID-19, motivating the Brazilian National Congress to establish a state of calamity, until December 31, 2020, through Legislative Decree no. 6/2020. A series of Provisional Measures (MPs) were issued in order to counter the pandemic.

One of the MPs was no. 936, converted, on July 6, 2020, into Law no. 14.020/2020, which created the so-called Emergency Program for the Maintenance of Employment and Income, and provided, in article 1, for complementary measures to combat the public health emergency caused by the coronavirus.

When MP no. 936 was converted into Law 14.020, article 17 was introduced, which prohibits the unjustified dismissal of disabled persons while the state of calamity persists. This category of employees was not singled out in the texts of the MP or of Law 13.979/2020 and its subsequent amendments.

It is an undoubted fact that persons with disabilities deserve differential treatment, in order to provide them with protection and ensure their inclusion in society and in the job market, as in Law no. 8.213/91, which provides for the mandatory hiring of these persons, pursuant to a pre-established quota.

Portaria no. 188 of February 3, 2020, of Ministry of Health, accessed on February 10, 2021. (Click here to read.)

Note that the social security legislation imposed, on a permanent basis, an obligation on the employer to hire a certain number of persons with disabilities, unlike article 17 of Law no. 10.020/2020, which guarantees protection to this group of employees only for the duration of the state of calamity due to the COVID-19 pandemic.

However, the state of calamity, which is the subject of Legislative Decree no. 06/2020, was not extended by the National Congress and, furthermore, Justice Ricardo Lewandowski of the Federal Supreme Court (STF), when hearing Direct Unconstitutionality Action (ADI) no. 6.625 MC/DF, maintained the validity of a number of articles of Law no. 13.979/20, but made no reference to the provision dealing with persons with disabilities. From this standpoint, there would be no question of stability of employment for this category of employees.

On the other hand, termination, on December 31, 2020, of the validity of Legislative Decree no. 6/2020, to which Law no. 13.979/20 is linked, unfortunately did not put an end to the state of calamity and the hardship imposed by the Sars-Cov-2 Coronavirus, reported on a daily basis by all the media. On the contrary, Brazil still faces great difficulties in combating COVID-19, which takes the lives of hundreds of people every day, and incapacitates many others.

This fact was stressed by Supreme Court Justice Ricardo Lewandowski, in the decision rendered in ADI no. 6.625 MC/DF. He considered that it was prudent and advisable that the exceptional measures contained in Law no. 13.979/2020 be maintained to combat the pandemic. The STF also ruled that the States may, through their Legislative Assemblies, decree the maintenance of the state of public calamity, as done by Minas Gerais (Decree no. 48.102/2020), Paraná (Decree no. 6.543/2020) and Tocantins (Decree no. 6.202/2020), besides several Brazilian municipalities.

Another question comes up. In view of the state and/or municipal decrees, which extend the state of public calamity, is it possible to maintain the employment of persons with disabilities, as provided for in item V, article 17, of Law no. 10.020/2020.

The exclusive competence of the Federal Government to legislate on Labour Law, provided for in art. 22, I, of the Constitution of 1988, prevents state or municipal governments from doing so. However, in this specific case, the federal law exists and may be applied, in theory, since the state of calamity remains.

The discussion on the subject is still far from over, and, little by little, lawsuits are reaching the Courts seeking the reinstatement of persons with disabilities dismissed after the enactment of Law no. 10.020/2020.

We suggest caution, therefore, when dealing with this issue, taking care to verify possible collective rules issued during this period and that may have regulated the matter in a similar or even wider manner than the law under comment.

Renata Gallo Tabacchi Gava de Oliveira and Patrícia Salviano Teixeira
Associate lawyers in Labour Law Area – São Paulo
[email protected] and [email protected]

Top Reasons Why Healthcare Businesses Get Sued In 2021

Healthcare businesses work in one of the most sensitive and risky fields, human error or negligence can cause life-threatening problems, and can even lead to death. The stakes are high when dealing with a patient’s health, when things go wrong, it can leave healthcare businesses vulnerable to lawsuits. There are around 85,000 lawsuits filed for medical malpractice every year, and an estimated 1 million injuries related to medical care, in the US alone! With the worldwide pandemic, there are now even more cases than ever. Here are some of the top reasons why healthcare businesses get sued in 2021.

Delayed Diagnosis And Misdiagnosis

The most common cause of lawsuits filed against healthcare professionals is that of misdiagnosis/delayed diagnosis. With about one-third of all cases pertaining to these reasons. The problems that can come from an incorrect diagnosis can be severe, with no fault on the patient, with many cases leading to incorrect or unnecessary surgery, the prescription if incorrect drugs or a serious issue can go untreated. Up to 12 million patients are affected by misdiagnosis each year, with up to 80,000 deaths related to negligence in diagnosis.

One of the top things a healthcare business can do to avoid lawsuits is to prevent misdiagnosis or delayed diagnosis by putting in extra effort and care in the diagnosis process with patients. Healthcare professionals should seek a second opinion on complicated diagnoses, they can also work with nurses to do a preliminary diagnosis to determine the priority of patients. Having a well-trained and competent staff that can spot serious issues and double-check a doctor’s diagnosis can save lives and reduce the risk of ending up in court.

Mistakes With Prescription Drugs

The American Food and Drug Administration is said to receive upwards of 100,000 medication error reports annually. Wrongly prescribed medication is a big problem and is one of the top reasons why healthcare businesses get sued.

Medication errors can come from both patient/caregiver and healthcare professionals. There are nine types of medication errors from healthcare businesses that could lead to a lawsuit, including failure to prescribe a drug, prescribing the wrong drug or dosage, failure to take into account a patient’s medical conditions or drug allergies, or prescribing drugs unlawfully. This is unfortunately quite common with up to 1 in 5 American patients who have received a medical error during hospital stays or receiving health care. Doctors, pharmacists, and caregivers can all be liable for suing from errors with prescription drugs

Medical Procedure Errors

In the United States, there are around 4,000 surgical errors each year, with some resulting in death. Medical procedures and surgeries pose risks either through error, medical complications or because of the complexity of a procedure. When we go in for an operation we are putting our lives in the hands of the medical professionals, but sometimes errors will occur and could lead to a lawsuit from the patient or their families. Some of these errors can include performing surgery on an incorrect body part, performing a procedure on the incorrect patient, complications with anaesthesia, not following proper medical procedures, or even leaving medical materials inside the body. Medical malpractice cases end 96.5% of the time in settlements, with the average malpractice settlement in The United States is around $300,000 and can have huge implications for any healthcare business.

Medical Malpractice Claims Due To COVID-19

Throughout 2020 as the COVID-19 pandemic spread across the planet, hospitals and healthcare professionals came under a huge amount of pressure from dealing with the virus and the increased number of patients. Through April and June of 2020, there was a 400% increase in medical malpractice reports, with the increase being linked to COVID-19. Following proper pandemic procedures, sourcing the correct medical equipment, and giving proper support to medical staff can help reduce the chance of medical malpractice in the very trying and difficult conditions that have been experienced due to the pandemic.

What Actions Can Be Taken By Authorities?

If a healthcare business is suspect of fraudulent activity or medical malpractice, it may be subject to investigation from the U.S. Department of Health and Human Services (HHS) or the Office of the Inspector General (OIG). If you suspect your healthcare business is under investigation, you may need some OIG investigation tips to help avoid some of the consequences of a conviction. If a healthcare business is in an investigation, it can lose funding from federal programs, receive sizable fines, and can even face criminal charges and medical licenses revoked.

Healthcare Businesses Should Keep Up With The News

Keeping up with current events in any field is important for any business. For businesses in the healthcare industry, it can be important for following medical developments, pandemic-related news, and news relating to medical lawsuits or changes in medical malpractice policy. You can follow or use certain news platforms to follow industry-specific developments or to publish press releases relating to the field. Taking these steps can help any business interact with other professionals in the industry and keep up-to-date with industry news and developments.

Fraud

Finally, Fraud can be a huge issue in the medical field, with over 300 convictions and over $6 billion in fraudulent claims. Both patients and medical practitioners can be convicted of fraudulent activity and can even result in jap time. The economic cost of fraud can be huge, with an estimated 3-10% of all medical expenditure being fraudulent.

Medical malpractice and fraud will continue to be a big issue throughout the rest of the year. With huge pressure on the healthcare system due to the ongoing pandemic, it will continue to be a difficult and stressful time for healthcare professionals and businesses. Following proper medical practices and taking pandemic precautions seriously will be required to help reduce the instances of healthcare businesses facing lawsuits, fines, loss of licenses, or criminal convictions. It is the responsibility of every healthcare business to take rigorous measures to make sure their standards and practices are of the highest possible, and all precautions are taken to ensure the safest and most honest treatment for its patients, and the proper care and support for its medical employees.