Financial Fraud | World Casino News

Landing International Development Limited shares plummet

August 24, 2018

Casino Sales, Latest Casino and Gambling News, Hong Kong, Economy/Finance, Crime, Financial Fraud

Shares in casino operator, Landing International Development Limited, have reportedly plunged amid news that the firm’s Chairman, Yang Zhihui (pictured), may have been arrested as part of an investigation into ...

Leaders of Apache Nation targeted over financial losses

Kim M

August 10, 2018

Latest Casino and Gambling News, Tribal Gaming, Casino News, Financial Fraud, New Mexico

Accountability from their leaders is what some tribal citizens of the federally recognized Jicarilla Apache Nation are calling for after losses totaling more than $2 million were logged at one of its New Mexico...

Canadian police arrest suspected international money launderer

Adam Morgan

June 8, 2018

Latest Casino and Gambling News, British Columbia, Money Laundering, Financial Fraud

Law enforcement officials in western Canada reportedly arrested an Australian national late last month amid allegations that he was the mastermind behind an operation that had laundered millions of dollars in c...

Anders Holmgren steps down as CEO of Cherry

Natalie Stephanopoulos

May 30, 2018

Sweden, insider trading, Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Employment & Careers, Crime, Financial Fraud

As of May 25th, 2018 the employment of Anders Holmgren as CEO and President of Cherry will no longer be valid, since the Board of Directors decided to terminate his contract with the company. The process of fin...

Slotwow.com seems to have “done a runner” with players’ money

Lars Jones

September 13, 2017

Latest Casino and Gambling News, U.S.A., The Players Lounge, Unlicensed Operation, Online Gambling News, Financial Fraud

We've all heard the old adage, "If it seems too good to be true, it probably..." well that seems to be the case with a "sweepstakes" casino for American players that popped up overnight in mid-August called Slo...

Gery Shalon leaves prison after agreeing plea deal

Adam Morgan

June 29, 2017

Latest Casino and Gambling News, Money Laundering, Online Gambling News, Crime, Financial Fraud

Facing decades behind bars, the man behind now-shuttered online casino operators Affactive and Revenuejet has reportedly agreed a plea deal with federal law enforcement officials in the United States that will ...

Cheaters would be advised to steer clear of Baha Mar

Lars Jones

April 29, 2017

Casino News, Latest Casino and Gambling News, Casino Cheating, Bahamas, Financial Fraud

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While still in it's soft-launch or introductory period, Baha Mar casino in Nassau, The Bahamas, was hit by two unscrupulous players who found out in seemingly world record time they will be going to prison for ...

Absolute Poker players to finally get their money back

Lars Jones

April 19, 2017

Poker Law, Latest Casino and Gambling News, World Casino News, Money Laundering, Online Poker, Fines, Lawsuits & Litigation, Financial Fraud

Last week, Joon H. Kim, the Acting United States Attorney for the Southern District of New York announced that eligible players who have been out of pocket for 6 years could file claims to get their money back ...

Southern Maine to hold public hearing over controversial new casino

Renee Kingsley

March 27, 2017

Casino proposals, Horse Racing, Casino News, Licenses, Financial Fraud, Maine

A public hearing date has been set for this week to allow the public to have their say on a proposal to construct a new casino in southern Maine. The well-funded proposal has been criticized by many parties, in...

Florida “sports consultant” sentenced to eight-year prison term

Adam Morgan

March 6, 2017

Latest Casino and Gambling News, Florida, Racketeering, Crime, Financial Fraud

A south Florida sportsbetting advisor who had claimed to be “the sports consultant to the stars” has reportedly been sentenced to serve eight years in prison after pleading guilty in September to five federal c...

Western Union to pay $586 million federal penalty

Adam Morgan

January 21, 2017

Latest Casino and Gambling News, U.S.A., Fines, Lawsuits & Litigation, Financial Fraud

In the United States, global financial services firm Western Union has reportedly agreed to pay a fine of $586 million after admitting that it violated federal anti-money laundering laws by allowing its agents ...

Interpol possibly involved in November Philippine call center raid

Lars Jones

January 2, 2017

Latest Casino and Gambling News, China, Casino closures, Money Laundering, Data Protection, Financial Fraud, Philippines

In Singapore, the Straights Times print edition reported on December 31 that The International Criminal Police Organization ICPO or INTERPOL, conducted raids as part of an operation called Operation First Light...

Camelot fined for paying out fraudulent jackpot claim

Sadonna Price

December 22, 2016

Latest Casino and Gambling News, Lottery, Financial Fraud, United Kingdom

Camelot, an operator for the UK National Lottery, is going to have to pay a huge fine for breaching the terms of their operating license, according to the UK Gambling Commission. Reportedly, the UKGC has fined ...

Mismanaged EB-5 investment for visa program in South Dakota spawns lawsuits, criminal charges

Lars Jones

November 13, 2016

Latest Casino and Gambling News, Economy/Finance, Fines, Lawsuits & Litigation, Financial Fraud, South Dakota

Financiers of the Deadwood Mountain Grand resort are suing a group of developers that turned the former Homestake gold mining slime plant in overlooking Deadwood, South Dakota into a luxurious hotel and casino ...

$15 million returned to Bangladesh from $81m stolen in cyber heist

Lars Jones

November 8, 2016

Latest Casino and Gambling News, Money Laundering, Financial Fraud, Philippines

A team from the Bangladesh Bank was in Manila Monday to start the process of moving some of the $81 million pilfered from its New York Federal Reserve in February back the central bank in Bangladesh, according ...

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Landing International Development Limited shares plummet

Leaders of Apache Nation targeted over financial losses

Canadian police arrest suspected international money launderer

Anders Holmgren steps down as CEO of Cherry

Slotwow.com seems to have “done a runner” with players’ money

Gery Shalon leaves prison after agreeing plea deal

Cheaters would be advised to steer clear of Baha Mar

Absolute Poker players to finally get their money back

Southern Maine to hold public hearing over controversial new casino

Florida “sports consultant” sentenced to eight-year prison term

Western Union to pay $586 million federal penalty

Interpol possibly involved in November Philippine call center raid

Camelot fined for paying out fraudulent jackpot claim

Mismanaged EB-5 investment for visa program in South Dakota spawns lawsuits, criminal charges

$15 million returned to Bangladesh from $81m stolen in cyber heist

JPMorgan Ends Stake in Star Entertainment Amid Ongoing Turmoil

Arizona Tribes Contribute Over $42.5M in Gaming Funds for Q2 FY2025

Jamaica’s First Casino Set to Open at Princess Resorts in 2025, Driving Tourism Growth

Mississippi Gaming Commission Approves Tullis Casino, Delays Tivoli Decision

Massachusetts Casinos and Sports Betting Generate Over $181 Million in November