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Late last year, a new Missouri law went into effect that allows banks and credit unions to sponsor certain savings promotion programs for their customers. Under these programs, by opening a new savings account or depositing a specified amount of money into an account that is already open, customers will have a chance to win prizes. READ MORE
Are you involved with a charity or nonprofit that raises money by selling raffle tickets or holds poker tournaments or casino nights to fund operations? Although your charity or nonprofit may be using the proceeds to fund programs for the less fortunate (and may ultimately be of tremendous value to society), the activities themselves may be considered illegal gambling in many instances and therefore prohibited by state and federal law. READ MORE
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