So, they are enacting a law that increases the deposit threshold from $1 to $175, making it harder for these individuals to fund their accounts and play.
That means they only want the rich people to participate in gambling. How much is the minimum wage in your country? If it's below $175, let's say it's $50 and most people that are receiving this salary are gamblingere, that means they can not be able to afford gambling. If they are spending 70% of the salary on their needs and 20% on savings, it means they will need to save 10% ($5) every month for 35 months before they can be able to accumulate $175 for gambling. I think it's unfair and it's going to slow down the casino's business.
Since gambling is not ban in your country, I trust that citizens will even divert to using other online casinos that is not control in your country.