Financial Fraud | World Casino News

BML Properties Awarded $1.6 Billion in Baha Mar Casino Resort Fraud Case

October 23, 2024

Latest Casino and Gambling News, World Casino News, Gaming Industry News, Bahamas, Caribbean Casino News, Crime, Fines, Lawsuits & Litigation, Financial Fraud

In a significant legal ruling, BML Properties Ltd., the original developer of the Baha Mar casino resort in the Bahamas, has been awarded $1.6 billion after a New York judge found China Construction America Inc...

Concord Casino Owner Andy Sanborn Charged with Pandemic Aid Fraud

Vanja Mitic

October 17, 2024

Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Crime, Financial Fraud, Fines, Lawsuits & Litigation, New Hampshire

Andy Sanborn, a former state senator and owner of Concord Casino, found himself in legal hot water this week. The Attorney General’s Office of New Hampshire announced on Tuesday that Sanborn was arrested and ch...

Graft Charges Filed Against Porac Mayor Over Alleged Illegal POGO Ties

Johnny K.

October 17, 2024

Latest Casino and Gambling News, World Casino News, Gaming Industry News, Unlicensed Operation, Asian Casino News, Crime, Fines, Lawsuits & Litigation, Financial Fraud, Philippines

Philippine authorities have filed graft charges against suspended Porac, Pampanga Mayor Jaime Capil and several other local officials, accusing them of involvement in the illegal activities of a Philippine Offs...

3,000 POGO Workers Exit Philippines Amid Visa Downgrades and Industry Shutdown

Johnny K.

September 30, 2024

Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Unlicensed Operation, Asian Casino News, Crime, Financial Fraud, Philippines

Approximately 3,000 foreign employees working for the Philippine Offshore Gaming Operators (POGOs) have left the Philippines following the downgrading of their visas, according to a report from the Bureau of Im...

Former Online Gaming Founder and Vegas High Roller to be Sentenced for Fraud

Johnny K.

September 26, 2024

Latest Casino and Gambling News, U.S.A., Las Vegas, Casino News, World Casino News, North America Casino News, Crime, Financial Fraud, Nevada

Robert Alexander, a former high-stakes gambler and the founder of the online gaming company Kizzang is scheduled to be sentenced on January 14, 2024, after pleading guilty to multiple fraud charges more than fo...

Taiwanese Businessman’s $188M Gambling Debt to Alvin Chau Revealed

Johnny K.

September 20, 2024

Latest Casino and Gambling News, Taiwan, World Casino News, China, Asian Casino News, Crime, Bribery, Financial Fraud

In a twist of financial and legal intrigue, Taiwanese businessman Sheen Ching-Jing has reportedly accumulated a massive NT$6 billion (approximately MOP1.52 billion/US$190 million) in gaming debts to Alvin Chau,...

Star Entertainment Given Two Weeks to Respond to Show Cause Notice Issued by NICC

Vanja Mitic

September 13, 2024

Latest Casino and Gambling News, Gaming Law & Legislation, Australia, Unsavory reports, Gaming Industry News, Economy/Finance, Unlicensed Operation, Fines, Lawsuits & Litigation, Financial Fraud

The Star Entertainment Group has received a stern "show cause" notice from the New South Wales (NSW) Independent CasiSno Commission (NICC), compelling the casino operator to justify its fitness to maintain its ...

Wynn Las Vegas Settles Federal Allegations with $130 Million Forfeiture

Vanja Mitic

September 9, 2024

Latest Casino and Gambling News, Gaming Law & Legislation, Las Vegas, Gaming Industry News, Money Laundering, Economy/Finance, Crime, Financial Fraud, Nevada

Wynn Las Vegas, a prominent Las Vegas casino and a subsidiary of Wynn Resorts Limited, has agreed to forfeit $130,131,645 to settle criminal allegations related to its financial operations. This settlement, ann...

Mainland China and Macau Crack Down on $421 Million Illegal Currency Exchange Operations

Vanja Mitic

August 21, 2024

Latest Casino and Gambling News, Gaming Law & Legislation, China, World Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Money Laundering, Online Gambling News, Macau, Asian Casino News, Mergers, Acquisitions & Partnerships, Crime, Financial Fraud

Chinese authorities, in collaboration with Macau’s enforcement agencies, have successfully dismantled major illegal currency exchange operations that had been operating in and around Macau casinos. The coordina...

Philippines Court Freezes Assets of Suspended Mayor Alice Guo Linked to Illegal POGO Activities

Vanja Mitic

July 12, 2024

Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Unsavory reports, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Crime, Fines, Lawsuits & Litigation, Financial Fraud, Philippines

The Philippines’ Anti-Money Laundering Council (AMLC) has secured a freeze order from the Court of Appeals (CA) on the assets of suspended Mayor Alice Guo and other individuals allegedly linked to the illegal a...

Macau Sees 75.5% Surge in Gaming Crimes Amid Rising Tourism in 2024

Johnny K.

July 8, 2024

Latest Casino and Gambling News, World Casino News, Gaming Industry News, Money Laundering, Asian Casino News, Macau, Crime, Financial Fraud

Macau's Judiciary Police (PJ) reported a significant rise in gaming-related crimes, with 579 cases documented from January to May 2024, marking a 75.5% increase compared to the same period in the previous year....

Queensland Supreme Court Orders Marley Wynter to Pay $4.8 Million in Poker Ponzi Scheme Restitution

Vanja Mitic

June 18, 2024

Latest Casino and Gambling News, Australia, Unsavory reports, Gaming Industry News, Mobile gaming, Online Gambling News, Crime, Fines, Lawsuits & Litigation, Financial Fraud

In a significant legal development, the Supreme Court of Queensland has issued a default judgment compelling Marley Wynter, the founder of an alleged Ponzi scheme targeting Australian poker players, to pay a to...

Brooklyn Man Arrested in Connection with NBA Betting Scandal Tied to Former Player Jontay Porter

Johnny K.

June 6, 2024

NBA, Latest Casino and Gambling News, Illegal Bookmaking, Sports betting, Crime, Financial Fraud

Federal prosecutors and the FBI have arrested a Brooklyn man implicated in a betting scheme involving former NBA player Jontay Porter, who was expelled from the league earlier this year. The arrest was confirme...

The Star Sydney Faces Charges Over Alleged Forgery of Welfare Checks Amid Second Investigation Into License Suitability

Marija Malenovic

April 15, 2024

Australia, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Economy/Finance, Poker, Licenses, Oceania Casino News, Crime, Licensing, Financial Fraud, Fines, Lawsuits & Litigation

According to The Sydney Morning Herald, a special manager of The Star Sydney has reportedly claimed the casino forged welfare checks on pokie gamblers and inadvertently permitted clients to obtain $3.2m they di...

Star Entertainment CEO Resigns As NSW Commission Extends License Considerations

Radosav Milutinovic

March 22, 2024

Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, World Casino News, Gaming Industry News, Casino project updates, Money Laundering, Licenses, Online Gambling News, Fines, Lawsuits & Litigation, Financial Fraud

As the New South Wales authorities continue to monitor the implementation of the cultural change within Star Entertainment Group requested after non-compliance allegations, Robby Cooke, the chief executive offi...

Please confirm that you are not a robot.

Top Online Casinos in United States

Top Online Bingo in United States

Top Online Poker in United States

Top Online Sportbooks in United States

BML Properties Awarded $1.6 Billion in Baha Mar Casino Resort Fraud Case

Concord Casino Owner Andy Sanborn Charged with Pandemic Aid Fraud

Graft Charges Filed Against Porac Mayor Over Alleged Illegal POGO Ties

3,000 POGO Workers Exit Philippines Amid Visa Downgrades and Industry Shutdown

Former Online Gaming Founder and Vegas High Roller to be Sentenced for Fraud

Taiwanese Businessman’s $188M Gambling Debt to Alvin Chau Revealed

Star Entertainment Given Two Weeks to Respond to Show Cause Notice Issued by NICC

Wynn Las Vegas Settles Federal Allegations with $130 Million Forfeiture

Mainland China and Macau Crack Down on $421 Million Illegal Currency Exchange Operations

Philippines Court Freezes Assets of Suspended Mayor Alice Guo Linked to Illegal POGO Activities

Macau Sees 75.5% Surge in Gaming Crimes Amid Rising Tourism in 2024

Queensland Supreme Court Orders Marley Wynter to Pay $4.8 Million in Poker Ponzi Scheme Restitution

Brooklyn Man Arrested in Connection with NBA Betting Scandal Tied to Former Player Jontay Porter

The Star Sydney Faces Charges Over Alleged Forgery of Welfare Checks Amid Second Investigation Into License Suitability

Star Entertainment CEO Resigns As NSW Commission Extends License Considerations

AGA: Record-Breaking Revenue for U.S. Commercial Gaming in Q3 2024

Wynn Resorts on Track for 2027 Launch of UAE’s First Integrated Resort, Wynn Al Marjan Island

Denmark Ushers in a New Regulatory Era with the Launch of Land-Based Bingo Licensing

Tribal Casino Applications Spur Tensions in Oregon Gaming Landscape

eCOGRA Expands into Arizona, Indiana, and Panama with New Regulatory Approvals