Financial Fraud | World Casino News

High-Stakes Lawyer Faces Tax Evasion and Gambling Debt Charges

January 22, 2025

Latest Casino and Gambling News, Gaming Law & Legislation, Unsavory reports, Gaming Industry News, Poker, Tax Evasion, Crime, Fines, Lawsuits & Litigation, Financial Fraud, Maryland

Thomas C. Goldstein, a highly respected Supreme Court lawyer and co-founder of the popular legal blog SCOTUSblog, has been indicted on federal tax evasion charges in Maryland. Goldstein, who is known for his ex...

KPMG Under Scrutiny for 2022 Entain Audit Amid Growing Regulatory Issues

Vanja Mitic

January 21, 2025

Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Crime, Fines, Lawsuits & Litigation, Financial Fraud, United Kingdom

The UK’s Financial Reporting Council (FRC) has launched an investigation into the auditing practices of KPMG, the Big Four accounting firm, with regard to its audit of Entain plc's financial statements for the ...

Former Bamban Mayor Alice Guo Charged with 62 Counts of Money Laundering Linked to POGO Scandal

Vanja Mitic

January 17, 2025

Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Money Laundering, Crime, Fines, Lawsuits & Litigation, Financial Fraud, Philippines

Former Bamban, Tarlac Mayor Alice Guo, alongside 31 co-defendants, now faces a total of 62 money laundering charges. The charges stem from their involvement in an illicit Philippine Offshore Gaming Operator (PO...

China Strengthens Cooperation with ASEAN to Combat Online Gambling and Telecom Fraud

Vanja Mitic

January 17, 2025

Latest Casino and Gambling News, Gaming Law & Legislation, Unsavory reports, China, Online gambling regulation, Gaming Industry News, Mobile gaming, Money Laundering, Employment & Careers, Online Gambling News, Crime, Financial Fraud

In a strategic effort to address growing regional security concerns, China has pledged to deepen cooperation with the member states of the Association of Southeast Asian Nations (ASEAN) to combat the rise in on...

Macau’s Suspicious Transaction Reports Surge to Record High in 2024

Vanja Mitic

January 16, 2025

Latest Casino and Gambling News, World Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Macau, Crime, Financial Fraud

Macau's Financial Intelligence Office (GIF) has reported a significant spike in the number of Suspicious Transaction Reports (STRs) filed in 2024, with the total reaching a new record of 5,245. This marks a 13....

Fontana Casino in Clark Ordered to Halt Operations Indefinitely

Vanja Mitic

January 8, 2025

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Casinos of the Philippines, Casino closures, Economy/Finance, Fines, Lawsuits & Litigation, Financial Fraud, Philippines

The Clark Development Corporation (CDC) has issued a cease-and-desist order against Fontana Development Corporation (FDC) and Fontana Resort and Country Club Inc. (FRCCI), halting all operations of the Fontana ...

Turkey Cracks Down on Illegal Gambling with Influencer Arrests and Nationwide Raids

Vanja Mitic

December 30, 2024

Turkey, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Mobile gaming, Unlicensed Operation, Online Gambling News, Crime, Fines, Lawsuits & Litigation, Financial Fraud

Turkey's determined efforts to combat illegal betting and financial crimes have led to the detention of dozens of individuals, including prominent social media influencers. Coordinated nationwide operations unv...

DraftKings Sued Over Account Closures and Withheld Funds

Vanja Mitic

December 25, 2024

U.S.A., Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Licensed online casinos in USA, Online Gambling News, Fines, Lawsuits & Litigation, Financial Fraud, Massachusetts, Texas

DraftKings Inc., a major player in online sports betting, is under fire following the filing of a class action lawsuit on December 23, 2024. The suit, brought by Texas resident Eric Avila, accuses the company o...

China and Macau Intensify Crackdown on Illicit Foreign Exchange Syndicates

Johnny K.

December 14, 2024

Latest Casino and Gambling News, Gaming Law & Legislation, China, World Casino News, Gaming Industry News, Money Laundering, Unlicensed Operation, Macau, Asian Casino News, Crime, Financial Fraud

Mainland China and Macau have joined forces to crack down on illegal foreign exchange operations and related crimes, dismantling 263 syndicates and identifying illicit funds exceeding RMB800 billion (approximat...

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

Johnny K.

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, Fines, Lawsuits & Litigation, Financial Fraud, 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

U.S.A., Las Vegas, Latest Casino and Gambling News, 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

Taiwan, Latest Casino and Gambling News, China, World Casino News, 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,...

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High-Stakes Lawyer Faces Tax Evasion and Gambling Debt Charges

KPMG Under Scrutiny for 2022 Entain Audit Amid Growing Regulatory Issues

Former Bamban Mayor Alice Guo Charged with 62 Counts of Money Laundering Linked to POGO Scandal

China Strengthens Cooperation with ASEAN to Combat Online Gambling and Telecom Fraud

Macau’s Suspicious Transaction Reports Surge to Record High in 2024

Fontana Casino in Clark Ordered to Halt Operations Indefinitely

DraftKings Sued Over Account Closures and Withheld Funds

China and Macau Intensify Crackdown on Illicit Foreign Exchange Syndicates

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

ESPN Bet Expands into Washington D.C., Marking Another Milestone in Nationwide Rollout

Virginia’s Online Gambling Proposal Shelved for Further Review

Queensland Premier Signals Tough Stance on Star Entertainment Amid Financial Crisis

Gambling Commission Issues Warning on Licensed Games Found on Illegal Sites

Flutter Entertainment Considers Joint Bid for Italian Lottery License