Financial Fraud

Cambodia-China solidify partnership to stop online gambling scams

Marija Malenovic
Cambodia, Gaming Law & Legislation, Latest Casino and Gambling News, Casino Cheating, Online gambling regulation, China, Gaming Industry News, Economy/Finance, Unlicensed Operation, Licenses, The Players Lounge, Asian Casino News, Online Gambling News, Mergers, Acquisitions & Partnerships, Crime, Licensing, Financial Fraud
Cambodia and China solidify their partnership with an agreement to improve their joint efforts to stop online gambling and telecommunications scams. This very productive deal was announced to the public last we...

AUSTRAC audits Sportsbet and Bet365’s crime laws compliance

Radosav Milutinovic
Latest Casino and Gambling News, Australia, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Money Laundering, Economy/Finance, Casino moguls, Illegal Bookmaking, Online Gambling News, Crime, Fines, Lawsuits & Litigation, Financial Fraud
Two corporate bookmakers, Sportsbet and Bet365, will be subjected to the audit authorized by the Australian Transaction Reports and Analysis Centre (AUSTRAC). External auditors will assess Sportsbet and Bet36...

BetMGM being sued in New Jersey over faulty iGaming software allegations

Adam Morgan
Online gaming software, Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, Racketeering, Crime, Licensing, Fines, Lawsuits & Litigation, Financial Fraud, New Jersey
In the United States and a punter is reportedly suing the BetMGM-branded iGaming enterprise over allegations that it covered up software glitches affecting play on its New Jersey-facing online casino and sports...

Former Suncity Group boss tells of Macau’s rife ‘side betting’ culture

Adam Morgan
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Money Laundering, Unlicensed Operation, Online Gambling News, Macau, Mergers, Acquisitions & Partnerships, Crime, Fines, Lawsuits & Litigation, Financial Fraud
In Macau and the former boss of local junket operator Suncity Group has reportedly asserted that every one of the enclave’s licensed VIP gambling lounges had offered some form of illicit ‘side betting’. Acco...

The Star Entertainment Group Limited suspends customer rebate program

Adam Morgan
Australia, Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Money Laundering, Employment & Careers, Licenses, Crime, Fines, Lawsuits & Litigation, Financial Fraud
In Australia and casino operator The Star Entertainment Group Limited has reportedly suspended a customer rebate program amid concerns that the scheme could potentially breach local rules to prevent money laund...

Sand Vegas Casino Club falls foul of Texas and Alabama securities regulators

Adam Morgan
Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Online gambling regulation, Gaming Industry News, Economy/Finance, Online Gambling News, Crime, Fines, Lawsuits & Litigation, Financial Fraud
Securities regulators in the southern American states of Alabama and Texas have reportedly ordered the blockchain-based cryptocurrency project at Sand Vegas Casino Club to cease selling non-fungible tokens. ...

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
Latest Casino and Gambling News, Gaming Law & Legislation, China, Online gambling regulation, 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
Latest Casino and Gambling News, Gaming Law & Legislation, 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...