Financial Fraud

Alvin Chau Cheok Wa to resign as boss of Suncity Group Holdings Limited

Adam Morgan
Latest Casino and Gambling News, Casino News, Online gambling regulation, Gaming Industry News, Money Laundering, Economy/Finance, Unlicensed Operation, Online Gambling News, Asian Casino News, Mergers, Acquisitions & Partnerships, Crime, Financial Fraud
Following his arrest by police in mainland China over the weekend and Alvin Chau Cheok Wa (pictured) is reportedly set to stand down as Chief Executive Officer for Asian casino investor Suncity Group Holdings L...

Macau arrests eleven over illegal mainland gambling allegations

Adam Morgan
Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Money Laundering, Economy/Finance, Unlicensed Operation, Macau, Online Gambling News, Crime, Financial Fraud
In Macau and the Judiciary Police has reportedly announced the arrest of eleven individuals for allegedly having ties to illicit gambling supposedly being conducted by local junket giant Suncity Group. Accor...

China reiterates nationwide cryptocurrency prohibition

Adam Morgan
Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, China, Gaming Industry News, Money Laundering, Economy/Finance, The Players Lounge, Online Gambling News, Crime, Financial Fraud
The central bank for China has reportedly issued an official statement in order to remind citizens that it remains illegal to conduct transactions using a digital currency or engage in any form of cryptocurrenc...

China records significant increase in prosecutions of gambling-related crimes

Adam Morgan
Gaming Law & Legislation, Latest Casino and Gambling News, China, Gaming Industry News, Money Laundering, Illegal Bookmaking, Unlicensed Operation, Online Gambling News, Sports betting, Crime, Financial Fraud
In China and the Supreme People’s Procuratorate has reportedly announced that it prosecuted 46,575 people over the course of the first six months of 2021 for gambling-related crimes. According to a report fr...

Imperva Incorporated highlights ‘bot’ threat to British online sports bettors

Adam Morgan
Latest Casino and Gambling News, U.S.A., Online gaming software, Data Protection, The Players Lounge, Online Gambling News, Sports betting, Crime, Financial Fraud, United Kingdom
American data privacy and cybersecurity solutions specialist Imperva Incorporated has reportedly announced that online sportsbooks in the United Kingdom recorded an up to a three-fold increase in ‘bot’-related ...

Indiana casino executive indicted on federal campaign fraud charges

Adam Morgan
Casino News, Latest Casino and Gambling News, Casino project updates, Gaming Industry News, Economy/Finance, Licenses, Conspiracy, Mergers, Acquisitions & Partnerships, Crime, Financial Fraud, Indiana
In Indiana and a senior executive with the firm behind the under-construction Hard Rock Casino Northern Indiana has reportedly been indicted on federal charges that he helped illegally funnel campaign contribut...

China to intensify crackdown on illegal online gambling activities

Adam Morgan
Latest Casino and Gambling News, China, Online gambling regulation, Money Laundering, Illegal Bookmaking, The Players Lounge, Unlicensed Operation, Online Gambling News, Crime, Financial Fraud
Chinese law enforcement authorities are reportedly set to step up efforts at combating illegal cross-border online gambling as well as the underground banks and payment platforms that allow aficionados in the g...