Financial Fraud | World Casino News

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

July 24, 2015

Israel, Gaming Industry News, Hacking, Casino closures, Cyprus, Money Laundering, Data Protection, Middle East Gaming News, Florida, Online Gambling News, 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, Asian Casino News, Sports betting, Tax Evasion, Online Gambling 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., Poker Tournaments, Casino Cheating, 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, Macau, Asian Casino News, Crime, Racketeering, 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

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

Quebec authorities investigate Amaya Gaming CEO and CFO

Renee Kingsley

June 3, 2015

Canada, Online gambling regulation, Gaming Industry News, Money Laundering, Economy/Finance, Quebec, Online Gambling News, Tax Evasion, Mergers, Acquisitions & Partnerships, Crime, Financial Fraud, Taxes

Amaya Inc based out of Canada, was a relatively unknown company until it surprised everyone in the poker industry in June 2014, when it confirmed that it had successfully acquired PokerStars and Full Tilt Poker...

Singaporean citizen refutes claims of scamming Manila casino of $8 million

Renee Kingsley

May 28, 2015

Asian Casino News, Crime, Financial Fraud, Philippines, Singapore

According to reports in Asian news outlets, Solaire Resort and Casino in Manila filed a police report against Singaporean national and junket operator Dominic Sim for defrauding the casino of millions of dolla...

AGA wants more consideration before DoD bans casino card use

Lars Jones

May 22, 2015

Latest Casino and Gambling News, Gaming Industry News, Financial Fraud

Earlier this month a Pentagon audit report showed that over a million dollars was spent by Department of Defense (DoD) credit card holders on adult entertainment including casinos. In response to the informatio...

FireKeepers data probe continues

Sadonna Price

May 18, 2015

Latest Casino and Gambling News, Hacking, Financial Fraud

The FireKeepers Casino and Hotel in Battle Creek, Michigan has been investigating a point-of-sale system breach for a few weeks now, after finding out from patrons that issues have arisen on credit card and ba...

Bendigo and Adelaide Bank drops claims against Crown for stolen money gambled and lost there

Sadonna Price

May 18, 2015

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

For six years now the Bendigo and Adelaide Bank in Australia has been trying to recover over $3 million in cash stolen by a former bank employee. Kate Jamieson took the money from the financial institution and ...

Chinese authorities catch and prosecute 2nd most wanted man in China

Renee Kingsley

May 15, 2015

China, Money Laundering, Macau, Financial Fraud, Singapore

Beijing has targeted Macau's casino industry because it's been reported to be a hotbed for corruption, money laundering and racketeering. More than 50% of Macau's casino revenue comes from VIP and high stake ga...

Indictment alleges Dave Peralta gambled campaign funds

Sam Mitchell

May 8, 2015

Latest Casino and Gambling News, Financial Fraud, Louisiana

David Peralta, St. Bernard Parish President, gambled campaign funds at Harrah's New Orleans, Silver Slipper Casino, Hollywood Casino and Grand Casino Biloxi according to an indictment. The indictment was filed ...

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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

Quebec authorities investigate Amaya Gaming CEO and CFO

Singaporean citizen refutes claims of scamming Manila casino of $8 million

AGA wants more consideration before DoD bans casino card use

FireKeepers data probe continues

Bendigo and Adelaide Bank drops claims against Crown for stolen money gambled and lost there

Chinese authorities catch and prosecute 2nd most wanted man in China

Indictment alleges Dave Peralta gambled campaign funds

Jeju Dream Tower Sets New Casino Revenue and Visitation Records in July

WNBA’s Connecticut Sun Sale in Motion as Boston Move Looms

Donaco Set for Privatization After Shareholder Approval of ONR Offer

Melco’s Colombo Resort Aims to Make Sri Lanka a Gaming Gateway for India

Texas Lottery to Pay Jackpot Winner After Months-Long Delay