Financial Fraud | World Casino News

U.S casinos push Congress to strengthen Cybersecurity policies

August 14, 2015

Casino News, Gaming Law & Legislation, U.S.A., Online gambling regulation, Hacking, Gaming Industry News, Unlicensed Operation, Crime, Financial Fraud

The online gambling market has significantly expanded across the globe during the last 5 years and millions of dollars get traded via these online gambling sites on a regular basis. These online casino websites...

Indian authorities accuse Hawala operator of financing casinos in Goa

Renee Kingsley

August 13, 2015

Casino News, Money Laundering, India, Asian Casino News, Bribery, Financial Fraud

Raychand Soni was arrested by Indian authorities earlier this week as he was accused of being a key ‘hawala operator’ involving bribery allegations against Louis Berger, a company that had won a contract to exe...

Louisiana Man sentenced for printing $100 bills in casino hotel room

Sam Mitchell

August 10, 2015

Latest Casino and Gambling News, Financial Fraud, Louisiana

In Lake Charles, Louisiana, a man has been charged and sentenced to a year in prison for printing counterfeit money. On August 9, 2015, Deldrick Fowler was sentenced after he was found guilty of printing $100 ...

Portocarrero brothers sentenced for involvement in Macho Sports illegal gambling ring

Kim M

August 9, 2015

Latest Casino and Gambling News, Illegal Bookmaking, Sports betting, Conspiracy, Racketeering, Financial Fraud

Facing a maximum sentence of 20 years, ringleaders of Macho Sports global gambling ring, the Portocarrero brothers were each fined $50,000 and will serve less than two years in federal prison on racketeering an...

Philippines Secretary of Justice deports alleged gambling criminal Bo Wang

Lars Jones

August 8, 2015

China, Money Laundering, Bribery, Financial Fraud, Philippines

Philippine Secretary of Justice Leila De Lima re-issued a deportation order on Tuesday for the alleged gambling kingpin from China, Bo Wang. Thursday morning he left the country from Ninoy Aquino International ...

Appeals Court: BetOnSports founder must pay $36 million late taxes and fees

Kim M

July 31, 2015

Latest Casino and Gambling News, Illegal Bookmaking, Unlicensed Operation, Tax Evasion, Online Gambling News, Conspiracy, Fines, Lawsuits & Litigation, Financial Fraud, Missouri

On Wednesday, a three-judge panel of the St Louis based Eighth U.S. Court of Appeals rejected the appeal of a former online gambling company founder who sought to avoid paying $36 million in back taxes and pena...

Self-excluded gambler ordered to cover £2 million bad check

Lars Jones

July 31, 2015

Casino News, Latest Casino and Gambling News, Financial Fraud, Fines, Lawsuits & Litigation, United Kingdom

The Ritz Club of London has prevailed in a high court case to collect on a check for more than £2 million written on 19 February 2014 by a billionaire "gambling addict". Safa Abdulla Al-Geabury must also pay da...

Arrests: International investment scam, JP Morgan hack, online casinos

Lars Jones

July 24, 2015

Israel, Hacking, Casino closures, Gaming Industry News, Cyprus, Money Laundering, Data Protection, Middle East Gaming News, Online Gambling News, Florida, Financial Fraud

The Manhattan U.S. Attorney announced on Tuesday that three men in Florida and Israel had been charged in a penny stock scam with international reach. Three Israeli residents, one an American citizen who remain...

Indian Premier League corruption scandal results in severe punishments for top cricket teams

Renee Kingsley

July 15, 2015

India, Money Laundering, Illegal Bookmaking, Unlicensed Operation, Sports betting, Tax Evasion, Online Gambling News, Asian Casino News, Conspiracy, Racketeering, Crime, Bribery, Financial Fraud

The Indian Premier League (IPL) which was founded in 2008 took the cricketing world by storm. The league format allowed millions of dollars to be traded as international cricket players from around the world w...

Atlantic County jury indict Christian Lusardi for Borgata counterfeit chip scam

Renee Kingsley

July 9, 2015

U.S.A., Casino Cheating, Poker Tournaments, Crime, Financial Fraud, New Jersey

Christian Lusardi put together an ingenious plan that involved counterfeiting poker chips. The 43 year old Lusardi decided to buy counterfeit chips from a Chinese manufacturer and then carefully counterfeited B...

Casino stocks increase after Macau announces new visa rules

Renee Kingsley

July 1, 2015

Gaming Law & Legislation, China, Gaming Industry News, Money Laundering, Economy/Finance, Asian Casino News, Macau, Racketeering, Crime, Financial Fraud

Macau, the biggest gambling hub in the world, is located just an hour away by ferry from Mainland China. Some of the biggest casino brands in the world like the Las Vegas Sands Corp., MGM Resorts International ...

One fourth of lottery funds misused in China; US$2.72 billion

Sam Mitchell

June 26, 2015

Latest Casino and Gambling News, China, Lottery, Unlicensed Operation, Financial Fraud

Thursday, June 25, 2015 the National Audit Office of China revealed misappropriation of lottery funds on its website. According to the report investigators have found approximately 16.9 billion Yuan has been mi...

Tinian Dynasty Hotel and Casino refuses to cooperate with commission

Renee Kingsley

June 24, 2015

Gaming Law & Legislation, Casino News, Casino Cheating, Gaming Industry News, Money Laundering, Conspiracy, Racketeering, Crime, Fines, Lawsuits & Litigation, Financial Fraud, Northern Mariana Islands

The Tinian Dynasty Hotel and Casino located on the Commonwealth of the Northern Mariana Islands (CNMI) was hit with a record $75 million fine at the start of June 2015. The fine was imposed by the US Department...

Vatican and Interpol no longer accepting FIFA funds

Sam Mitchell

June 14, 2015

Latest Casino and Gambling News, U.S.A., Crime, Financial Fraud, Russia

FIFA lost support Friday, June 12, 2015, from both the Vatican and Interpol due to fraud investigations. Interpol stated it would no longer take funding from FIFA, which is supposed to stop match fixing and oth...

Indictment, warrant issued for gambler owing Vegas casino $500,000

Lars Jones

June 13, 2015

Las Vegas, Casino News, Casino Cheating, Financial Fraud

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A grand jury in Clark County Nevada has indicted a gambler who lost half a million dollars playing table games at the Downtown Grand Las Vegas Hotel & Casino in January last year. Mark Allen Johnston claime...

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U.S casinos push Congress to strengthen Cybersecurity policies

Indian authorities accuse Hawala operator of financing casinos in Goa

Louisiana Man sentenced for printing $100 bills in casino hotel room

Portocarrero brothers sentenced for involvement in Macho Sports illegal gambling ring

Philippines Secretary of Justice deports alleged gambling criminal Bo Wang

Appeals Court: BetOnSports founder must pay $36 million late taxes and fees

Self-excluded gambler ordered to cover £2 million bad check

Arrests: International investment scam, JP Morgan hack, online casinos

Indian Premier League corruption scandal results in severe punishments for top cricket teams

Atlantic County jury indict Christian Lusardi for Borgata counterfeit chip scam

Casino stocks increase after Macau announces new visa rules

One fourth of lottery funds misused in China; US$2.72 billion

Tinian Dynasty Hotel and Casino refuses to cooperate with commission

Vatican and Interpol no longer accepting FIFA funds

Indictment, warrant issued for gambler owing Vegas casino $500,000

Lottomart Operator Hit with £360K Gambling Commission Penalty

Chicago Committee Advances Video Gaming Ordinance

DigiPlus Confirms Brazil Entry with GamePlus Launch

Macau’s Studio City to Introduce Private Hospital in 2025

Kalshi Expands NFL Prop Bets Amid Legal Battles With States