Financial Fraud

State Representative Involved in Gambling Industry and Criminal Investigation

Radosav Milutinovic
Latest Casino and Gambling News, U.S.A., Casino News, World Casino News, North America Casino News, Gaming Industry News, Online Gambling News, Crime, Financial Fraud, Massachusetts
Republican Laurie Sanborn of Bedford, Massachusetts, resigned as a chair of the committee reviewing the state's charitable gaming industry. According to Associated Press (AP), the chairperson and her husband, f...

Major Macau Casino Incurs $727k Loss Due to Counterfeit Chips

Radosav Milutinovic
Casino Destinations, Reviews from the Cotai Strip, Casino News, Latest Casino and Gambling News, Casino reviews from Macau, Casino Cheating, China, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Online Gambling News, Macau, Conspiracy, Crime, Financial Fraud
On August 21, 2023, one of the most prominent casinos on the Cotai Strip in Macau suffered a loss of HK$5.7 million (US$727,000) after a criminal group used fake chips to gamble in the casino. The group of eigh...

OpenBet Acquired Neccton to Improve Sport Betting Player Protection

Radosav Milutinovic
Austria, Online gaming software, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Technology, Money Laundering, European Casino News, Online Gambling News, Mergers, Acquisitions & Partnerships, Financial Fraud
A prominent software developer and content provider, OpenBet, has completed the acquisition of a leading wagering technology provider Neccton. OpenBet, as a part of the global Endeavor network, will use the acq...

Pagcor Bans New Offshore Operators After Recent Misconduct Warning

Radosav Milutinovic
Gaming Law & Legislation, Casino Destinations, Latest Casino and Gambling News, World Casino News, Casinos of the Philippines, Gaming Industry News, Licenses, Asian Casino News, Online Gambling News, Crime, Fines, Lawsuits & Litigation, Financial Fraud, Philippines
Following the recent gaming license, and provisional accreditation cancellations of offshore gaming hubs in the Clark Freeport Zone by the Philippine gaming regulator, the Clark Development Corporation (CDC) ha...

Macau Gaming-Related Crime Rate Increased 24% in Q1 2023

Radosav Milutinovic
Casino News, Reviews from the Cotai Strip, Latest Casino and Gambling News, Casino Destinations, Casino Cheating, Casino reviews from Macau, World Casino News, Gaming Industry News, Macau, Asian Casino News, Crime, Financial Fraud
The Office of the Secretary for Security of Macau presented the statistics indicating that the popular gaming destination recorded 158 cases of crime related to gaming operations in the first quarter of 2023. T...

PAGCOR Cancels Gaming License of CGC Technologies, Operator Faces Criminal Charges

Radosav Milutinovic
Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, World Casino News, Casinos of the Philippines, Gaming Industry News, Economy/Finance, Licenses, Asian Casino News, Conspiracy, Fines, Lawsuits & Litigation, Financial Fraud, Philippines
As Inside Asian Gaming reports, the Philippine Amusement and Gaming Corporation (PAGCOR) said that it has cancelled the accreditation of CGC Technologies Inc, a Philippine offshore gaming operator (POGO). Accor...

Gibraltar Court Issues Freezing Order on Former Mansion CEO’s Assets Worldwide

Radosav Milutinovic
Latest Casino and Gambling News, Casino News, World Casino News, Gaming Industry News, Economy/Finance, European Casino News, Crime, Gibraltar, Fines, Lawsuits & Litigation, Financial Fraud, United Kingdom
Karel Christian Mañasco, former CEO of the Gibraltar-based gaming firm Mansion, has faced a five million pound freezing order from the Chief Justice ruled against Mañasco's assets worldwide. Claim for damage...

The Star Served with Misconduct Claim in Financial and AML State Investigations

Radosav Milutinovic
Australia, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Money Laundering, Licenses, Oceania Casino News, Fines, Lawsuits & Litigation, Financial Fraud
Australian giant casino operator, The Star, has been served this week with another statement of claim for a securities class action in the Supreme Court of Victoria. The latest lawsuit is the second this week s...
las vegas strip

Lawsuit Against Las Vegas Strip Hotel Filled Because of High Rates

Vanja Mitic
Las Vegas, Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Crime, Fines, Lawsuits & Litigation, Financial Fraud, Nevada
The Las Vegas Strip tried to increase the prices - and they won’t profit from that. On the contrary, the company will experience a significant loss.  On Wednesday, a class action lawsuit was filed against th...
alvin chau

Alvin Chau, the Former CEO of Suncity Group, Sentenced to 18 Years in Jail

Vanja Mitic
Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, World Casino News, Casino Cheating, Gaming Industry News, Money Laundering, Illegal Bookmaking, Macau, Asian Casino News, Crime, Fines, Lawsuits & Litigation, Financial Fraud
The trial of Alvin Chau, former CEO of Suncity Group, has finally ended. Macau Court of First Instance sentenced Chau, who was in charge of a Macau junket operator, to 18 years in prison. He has been found guil...

Alabama charges 11 persons for illegal sports betting operations

Radosav Milutinovic
Greyhound Racing, Horse Racing, Gaming Law & Legislation, U.S.A., Latest Casino and Gambling News, North America Casino News, Online gambling regulation, Alabama, World Casino News, Gaming Industry News, Economy/Finance, Mobile gaming, Illegal Bookmaking, Unlicensed Operation, Taxation, Sports betting, Tax Evasion, Online Gambling News, Conspiracy, Fines, Lawsuits & Litigation, Financial Fraud
Federal prosecutors said Friday that 11 people across Alabama have been charged with tax evasion, illegal operation, and money laundering activities in connection to an online sports betting organization. Ille...

ASIC launches civil proceedings against Star Entertainment’s 11 casino executives and directors

Radosav Milutinovic
Latest Casino and Gambling News, Gaming Law & Legislation, Australia, World Casino News, Casino Cheating, Gaming Industry News, Money Laundering, Casino moguls, Economy/Finance, Licenses, Online Gambling News, Oceania Casino News, Labor Relations, Crime, Fines, Lawsuits & Litigation, Financial Fraud
Australia's corporate regulator has commenced legal action against current and former directors and officials of casino operator Star Entertainment Group Ltd.  The Australian Securities and Investments Commissi...

Multiple DraftKings user accounts hacked for $300,000

Radosav Milutinovic
Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Hacking, Economy/Finance, The Players Lounge, Online Gambling News, Sports betting, Fantasy Sports, Crime, Financial Fraud
DraftKings, prominent daily fantasy sports operator, confirmed Monday that many of its customer accounts were compromised by irregular activity on third-party internet sites. The online hacking activity resulte...
ukrainian casino

SSU Stops Funding of the Russian Federation through Illegal Online Casino

Vanja Mitic
Casino News, Latest Casino and Gambling News, World Casino News, Money Laundering, Economy/Finance, European Casino News, Online Gambling News, Conspiracy, Crime, Fines, Lawsuits & Litigation, Financial Fraud, Russia, Ukraine
An unprecedented special operation has been conducted in Ukraine. SSU’s cyber specialists caught the group of criminals that transferred the funds from the gambling site to Russia. According to SSU, the crimina...