Financial Fraud | World Casino News

Pentagon audit reveals $1 million spent on casinos and adult entertainment

May 8, 2015

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

Casinos make their money by offering exciting and enticing services that are designed to attract customers from all walks of life. Apart from offering all kinds of casino and table games, some gambling establis...

Casino installs new POS equipment while investigating potential data breach

Sadonna Price

May 8, 2015

Latest Casino and Gambling News, Hacking, Financial Fraud, Michigan, Nevada

Just days after the Hard Rock Casino of Las Vegas reported they were subject to a security breach, another casino is now reporting a possible data breach incident. An internal investigation has begun at the Fir...

Ex-Creek Nation leader sentenced to 33 months in federal prison

Renee Kingsley

May 7, 2015

Latest Casino and Gambling News, Tribal Gaming, Financial Fraud, Oklahoma

Many of the aboriginal or Native Indian Tribes in the United States make a significant amount of their revenue from their tribal based casinos. The casinos that operate on reservation land come under a differen...

Documents may have been seized from top Amaya executives–insider trading alleged in AMF affidavit

Sam Mitchell

April 11, 2015

Casino News, Online gaming software, Latest Casino and Gambling News, U.S.A., Canada, Game manufacturers, Online Gambling News, Financial Fraud

According to a report in the Globe and Mail, sources have stated that Amaya Gaming's CEO, David Baazov and CFO, Daniel Sebag have come under scrutiny in an investigation by the Autorité des marchés financiers (...

Cutting out junket operators leaves Singapore casinos with unpaid debt

Sam Mitchell

April 9, 2015

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

Grant Govertsen, a Union Gaming Advisors analysts, told media that Singapore’s gaming revenue is down due to the Chinese movement to end corruption. For over a year now Beijing has limited travel and sought to ...

666Bet Director arrested for fraud and money laundering

Sam Mitchell

March 30, 2015

Latest Casino and Gambling News, Online Gambling News, Licensing, Financial Fraud, United Kingdom

The UK Gambling Commission announced a week ago that it had suspended the license for MetroPlay Limited, which also controls 666Bet. This week starts with a new turn of events. The director of 666Bet has been ...

Ex-Watergate lawyer to probe Caesars Entertainment bankruptcy

Sam Mitchell

March 30, 2015

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

Richard Davis made a name for himself as a prosecutor during the US Watergate scandal in the 1970's that eventually saw President Richard Nixon resign to avoid impeachment. He has also worked for Weil Gotshal a...

Beijing senior prosecutors to staff ‘super’ anti-graft bureau

Sadonna Price

March 17, 2015

Gaming Law & Legislation, Latest Casino and Gambling News, World Casino News, Macau, Financial Fraud

In a recent interview, Procurator-General Cao Jianming, stated that a new ‘super’ anti-graft bureau will be created and used to investigate cases of corruption that correspond with high-ranking officials. The c...

Ritz Casino sues high-roller clients after gambling debts lead to £12.5 million loss

Sadonna Price

March 14, 2015

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

Unpaid gambling debt has hurt the Ritz Casino greatly, so much so, that the casino has had to file several lawsuits against wealthy clients who have unpaid bills. The High Court received filings against ten ind...

California tribe accused of squandering cash from casino

Lars Jones

March 12, 2015

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

Correction 3-13-15: According to a correction from the Tribe's attorney only 6 of the 19 defendants are current tribal members. It is unclear whether the misreported 13 were part of the 76 tribal memberships t...

Authorities investigating Amaya Gaming CEO’s friend for insider trading

Lars Jones

March 10, 2015

Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Online Poker, Financial Fraud

Canadian based Amaya Gaming was relatively unknown until it decided to acquire the Rational Group which is the parent company of PokerStars, the biggest online poker website and Full Tilt Poker, one of the most...

Former tribal lawyer sentenced in California casino scam

Lars Jones

March 6, 2015

Latest Casino and Gambling News, Tribal Gaming, Financial Fraud

Twenty-Nine Palms Band of Mission Indians' former General Counsel, Gary Edward Koval, pleaded guilty to conspiracy to commit bribery in early April 2014 for his role in a casino corruption case in California. A...

Trump Taj Mahal settles money laundering claims

Lars Jones

February 12, 2015

Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, World Casino News, North America Casino News, Gaming Industry News, Crime, Financial Fraud, Fines, Lawsuits & Litigation

Trump Taj Mahal Associates LLC has agreed to a $10 million civil penalty assessed by the US Treasury Department's Financial Crimes Enforcement Network. The parent company of the struggling Atlantic City, New Je...

Possible Inside Job in Crown Casino Theft

Tina Golden

June 14, 2008

Latest Casino and Gambling News, Casino News, Crime, Financial Fraud

The case of the missing $100,000 chip continues to go unsolved at the Crown Casino. The casino management had hoped to avoid police involvement but when their own investigation failed to uncover the thief, they...

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Pentagon audit reveals $1 million spent on casinos and adult entertainment

Casino installs new POS equipment while investigating potential data breach

Ex-Creek Nation leader sentenced to 33 months in federal prison

Documents may have been seized from top Amaya executives–insider trading alleged in AMF affidavit

Cutting out junket operators leaves Singapore casinos with unpaid debt

666Bet Director arrested for fraud and money laundering

Ex-Watergate lawyer to probe Caesars Entertainment bankruptcy

Beijing senior prosecutors to staff ‘super’ anti-graft bureau

Ritz Casino sues high-roller clients after gambling debts lead to £12.5 million loss

California tribe accused of squandering cash from casino

Authorities investigating Amaya Gaming CEO’s friend for insider trading

Former tribal lawyer sentenced in California casino scam

Trump Taj Mahal settles money laundering claims

Possible Inside Job in Crown Casino Theft

Nolimit City Expands to Denmark and Introduces Outsourced: Payday Slot

Rei do Pitaco Joins Brazil’s Regulated Sports Betting Market

Rush Street Interactive Expands Board With Thomas Winter Appointment

Macau Projects MOP240B Casino Revenue for 2025 as Xi Jinping Calls for Diversification

Nevada Revokes Gaming License of Ex-MGM Executive Scott Sibella