Financial Fraud | World Casino News

Indiana casino executive indicted on federal campaign fraud charges

September 30, 2020

Casino News, Latest Casino and Gambling News, Casino project updates, Gaming Industry News, Economy/Finance, Licenses, Conspiracy, Mergers, Acquisitions & Partnerships, Crime, Indiana, Financial Fraud

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...

Chinese police clamp down on illegal gambling operation

Adam Morgan

June 8, 2020

Latest Casino and Gambling News, China, Gaming Industry News, Economy/Finance, Unlicensed Operation, Online Gambling News, Macau, Crime, Financial Fraud

In eastern China and law enforcement officials have reportedly arrested members of a criminal gang over claims they had been responsible for running an illegal syndicate that helped local people to gamble at ca...

Founder of The Edge horserace betting scheme pleads guilty in Australia

Adam Morgan

October 1, 2019

Horse Racing, Australia, Latest Casino and Gambling News, Sports betting, Crime, Financial Fraud

In Australia and the man behind the former The Edge horserace betting scheme has reportedly pled guilty to two charges associated with allegations that he had defrauded clients out of more than $11.72 million o...

China to intensify crackdown on illegal online gambling activities

Adam Morgan

August 8, 2019

Latest Casino and Gambling News, Online gambling regulation, China, Money Laundering, Illegal Bookmaking, Unlicensed Operation, The Players Lounge, 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...

Former casino magnate Kazuo Okada loses pair of legal appeals

Adam Morgan

July 19, 2019

Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Japan, Crime, Financial Fraud, Fines, Lawsuits & Litigation, Philippines

It’s been a bad week for former Japanese casino magnate Kazuo Okada (pictured) after GGRAsia reported that the billionaire has lost legal actions in both the Philippines and his home nation concerning his conte...

Macau police stepping up efforts against loan-sharking and unlawful detention

Adam Morgan

May 17, 2019

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

The first three months of the year have reportedly seen law enforcement officials in Macau increase their efforts against organized crime groups that conduct kidnappings and illegal loan-sharking tied to gambli...

Macau cracking down on illicit currency exchange activities

Adam Morgan

February 27, 2019

Latest Casino and Gambling News, Money Laundering, Economy/Finance, Macau, Racketeering, Crime, Financial Fraud

The highest ranking security official in Macau has reportedly announced that some 3,050 foreigners had been arrested either inside or near a casino last year on suspicion of being involved in illegal currency e...

Man charged in New Jersey online gambling fraud case

Adam Morgan

September 1, 2018

Latest Casino and Gambling News, Crime, Fines, Lawsuits & Litigation, Financial Fraud, New Jersey

In New Jersey, officials have charged a Middlesex County man over allegations that he intentionally defrauded some 26 local investors out of more than $1.3 million amid promises that the cash was destined to be...

Landing International Development Limited shares plummet

Adam Morgan

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

Casino News, Latest Casino and Gambling News, Tribal Gaming, 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

insider trading, Sweden, 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

Latest Casino and Gambling News, Casino 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 ...

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Indiana casino executive indicted on federal campaign fraud charges

Chinese police clamp down on illegal gambling operation

Founder of The Edge horserace betting scheme pleads guilty in Australia

China to intensify crackdown on illegal online gambling activities

Former casino magnate Kazuo Okada loses pair of legal appeals

Macau police stepping up efforts against loan-sharking and unlawful detention

Macau cracking down on illicit currency exchange activities

Man charged in New Jersey online gambling fraud case

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

ESPN Bet Expands into Washington D.C., Marking Another Milestone in Nationwide Rollout

Virginia’s Online Gambling Proposal Shelved for Further Review

High-Stakes Lawyer Faces Tax Evasion and Gambling Debt Charges

Queensland Premier Signals Tough Stance on Star Entertainment Amid Financial Crisis

Gambling Commission Issues Warning on Licensed Games Found on Illegal Sites