Financial Fraud | World Casino News

Portocarrero brothers sentenced for involvement in Macho Sports illegal gambling ring

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, Online Gambling News, Tax Evasion, 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, Fines, Lawsuits & Litigation, Financial Fraud, 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, Casino closures, Gaming Industry News, Hacking, Cyprus, Money Laundering, Middle East Gaming News, Data Protection, 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

Casino News, Gaming Law & Legislation, Casino Cheating, Gaming Industry News, Money Laundering, Conspiracy, Crime, Racketeering, 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

Casino News, Las Vegas, 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

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

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...

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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

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

Venmo Partners with NCAA to Safeguard College Athletes

Macau Legend Reports Heavy Loss Ahead of Legend Palace Shutdown

Elite Casino Resorts Acquires Catfish Bend and FunCity Resort, Marking “Homecoming” for Kehl Family

Brazil Reports BRL 17.4B in Betting Revenue for First Half of 2025

Caesars to Introduce 25-Cent Per-Bet Fee for Illinois Online Sportsbook