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

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, Casinos of the Philippines, Casino closures, Gaming Industry News, 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

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

Gaming Law & Legislation, Latest Casino and Gambling News, 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

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

Star Entertainment Given Two Weeks to Respond to Show Cause Notice Issued by NICC

Vanja Mitic

September 13, 2024

Australia, Latest Casino and Gambling News, Gaming Law & Legislation, Unsavory reports, Gaming Industry News, Economy/Finance, Unlicensed Operation, Fines, Lawsuits & Litigation, Financial Fraud

The Star Entertainment Group has received a stern "show cause" notice from the New South Wales (NSW) Independent CasiSno Commission (NICC), compelling the casino operator to justify its fitness to maintain its ...

Wynn Las Vegas Settles Federal Allegations with $130 Million Forfeiture

Vanja Mitic

September 9, 2024

Latest Casino and Gambling News, Gaming Law & Legislation, Las Vegas, Gaming Industry News, Money Laundering, Economy/Finance, Crime, Financial Fraud, Nevada

Wynn Las Vegas, a prominent Las Vegas casino and a subsidiary of Wynn Resorts Limited, has agreed to forfeit $130,131,645 to settle criminal allegations related to its financial operations. This settlement, ann...

Mainland China and Macau Crack Down on $421 Million Illegal Currency Exchange Operations

Vanja Mitic

August 21, 2024

Gaming Law & Legislation, Latest Casino and Gambling News, China, World Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Mobile gaming, Asian Casino News, Online Gambling News, Macau, Mergers, Acquisitions & Partnerships, Crime, Financial Fraud

Chinese authorities, in collaboration with Macau’s enforcement agencies, have successfully dismantled major illegal currency exchange operations that had been operating in and around Macau casinos. The coordina...

Philippines Court Freezes Assets of Suspended Mayor Alice Guo Linked to Illegal POGO Activities

Vanja Mitic

July 12, 2024

Gaming Law & Legislation, Online gaming software, Latest Casino and Gambling News, Online gambling regulation, Unsavory reports, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Crime, Fines, Lawsuits & Litigation, Financial Fraud, Philippines

The Philippines’ Anti-Money Laundering Council (AMLC) has secured a freeze order from the Court of Appeals (CA) on the assets of suspended Mayor Alice Guo and other individuals allegedly linked to the illegal a...

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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

Star Entertainment Given Two Weeks to Respond to Show Cause Notice Issued by NICC

Wynn Las Vegas Settles Federal Allegations with $130 Million Forfeiture

Mainland China and Macau Crack Down on $421 Million Illegal Currency Exchange Operations

Philippines Court Freezes Assets of Suspended Mayor Alice Guo Linked to Illegal POGO Activities

Flutter Halts Real-Money Gaming in India After Sudden Nationwide Ban on Online Money Games

NFL Bans Prediction Market Betting on League Games

Merkur Plans Adult Gaming Centre for Hastings High Street

Fanatics and Boyd Gaming Secure Missouri Sports Betting Partnership

Dream11 Exits Team India Sponsorship as Gaming Ban Reshapes Sports Partnerships