Financial Fraud | World Casino News

Suspected embezzler of Macau casino junket investor funds finally caught

October 13, 2016

Latest Casino and Gambling News, Macau, Financial Fraud

In 2014, it was reported that a representative of the Kimren Group, Huang Shan, was believed to have been stealing from the junket operator. The Kimiren Group operated in Macau with VIP gaming rooms located in ...

Report: Casino owner embezzles $3.7 million from Cambodian casino

Kim M

September 18, 2016

Latest Casino and Gambling News, Cambodia, Fines, Lawsuits & Litigation, Financial Fraud

There are conflicting reports regarding $3.7 million allegedly stolen from the Titan King Casino in Bavet, one of the special economic zones (SEZ) of Cambodia. In a Khmer Times report on Sept. 15, Svay Rieng...

Evidence against former Amaya boss David Baazov questioned

Adam Morgan

September 15, 2016

Latest Casino and Gambling News, Canada, Financial Fraud

In Canada, the former Chairman and Chief Executive Officer for online gaming firm Amaya has reiterated his innocence on charges of insider trading following an admission by Quebec’s securities watchdog that it ...

David Baazov resigns fully from all positions within Amaya Gaming

Sadonna Price

August 14, 2016

Latest Casino and Gambling News, Employment & Careers, Financial Fraud

After taking a leave of absence in March due to insider trading charges, David Baazov has now announced he will no longer be holding any position within Amaya Gaming. On Friday, Amaya Gaming announced that Rafi...

Amaya holds annual general meeting in private

Adam Morgan

June 29, 2016

Latest Casino and Gambling News, Canada, Online Poker, Economy/Finance, Online Gambling News, Fines, Lawsuits & Litigation, Financial Fraud

Tuesday saw online gaming firm Amaya hold its annual general meeting (AGM) behind closed doors as it continued to evaluate takeover offers including one headed by its under-investigation former Chairman and Chi...

Probe into Bangladesh Bank heist ended by Senate

Kim M

May 23, 2016

Latest Casino and Gambling News, Hacking, Money Laundering, Fines, Lawsuits & Litigation, Financial Fraud, Philippines

The investigation into the theft and laundering of approximately $81 million from the bank account of the Bangladesh central bank at the Federal Reserve in New York was ended on Thursday by the Philippine Senat...

Las Vegas Sports book operator to face charges of incorrect payments

Kim M

May 18, 2016

Latest Casino and Gambling News, Las Vegas, Fines, Lawsuits & Litigation, Financial Fraud, Nevada

A complaint has been filed by the Nevada Gaming Control Board against CG Technology, the operator of seven sports books in the Las Vegas area, for underpaying approximately $700,000 on over 20,000 winning bets....

48 individuals indicted in bank fraud scheme at Atlantic City casinos

Kim M

April 27, 2016

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

On Monday, 48 people were charged with a bank fraud scheme that netted those involved more than $570,000. Most of the money was withdrawn at casinos in Atlantic City. According to New Jersey Attorney General...

U.S. Attorney’s office indicts Pellegrini, former VP at Mohegan Sun Pocono

Lars Jones

April 20, 2016

Latest Casino and Gambling News, Money Laundering, Tax Evasion, Conspiracy, Financial Fraud, Pennsylvania

1

An alleged love triangle drama gone bad with "crime never pays" subtitles has resulted in a 21 count federal indictment against the former vice-president of player development for Mohegan Sun Casino at Pocono D...

David Baazov, CEO and Chair of Amaya takes leave of absence amid insider trading charges

Lars Jones

March 29, 2016

Latest Casino and Gambling News, World Casino News, Online Poker, Online Gambling News, Financial Fraud

After a seemingly miraculous rise to becoming the world's largest online gambling company, Amaya's CEO, David Baazov is taking a leave of absence after insider trading charges were leveled against him. Rafi Ash...

Amaya CEO’s brother reportedly took part in illegal trades in seven companies

Alex Lanter

March 28, 2016

Latest Casino and Gambling News, Canada, Financial Fraud

Several days ago information emerged that Amaya CEO David Baazov and at least 15 other individuals were facing insider trading charges by Quebecois authorities. The latest news, however, reveal that the securit...

Alleged casino conman nabbed in Las Vegas

Kim M

March 27, 2016

Latest Casino and Gambling News, Las Vegas, Fines, Lawsuits & Litigation, Financial Fraud

On Friday, the Nevada attorney general’s office announced that an alleged conman who promised he could best casino pit games had been arrested. After eluding authorities for more than three months, Mark Thom...

Insider Trading charges announced against Amaya Gaming CEO David Baazov

Sadonna Price

March 23, 2016

Latest Casino and Gambling News, World Casino News, Online Poker, Financial Fraud

Back in June of 2014, the Rational Group was acquired by Amaya Gaming. The Rational Group was the parent company of PokerStars and Full Tilt poker, selling for $4.9 billion to Amaya. The stock of Amaya Gaming, ...

Probation for Illinois man involved in Indiana casino fraud

Kim M

March 3, 2016

Latest Casino and Gambling News, Fines, Lawsuits & Litigation, Financial Fraud, Indiana

Rather than jail time, an Illinois man was sentenced to eight years of probation resulting from several charges related to casino fraud in Indiana. Last month, Chicago native Elliot J. Blunt pleaded guilty t...

Casino employee’s luck runs out/nabbed for computer fraud, theft

Kim M

February 22, 2016

Latest Casino and Gambling News, Casino News, North America Casino News, Casino Cheating, Gaming Industry News, Data Protection, Fines, Lawsuits & Litigation, Financial Fraud, Louisiana

On Friday, an employee of a casino in Louisiana was arrested after allegedly defrauding a Lake Charles area casino. The Golden Nugget Casino in Lake Charles notified the Louisiana State Police Gaming Enforce...

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Suspected embezzler of Macau casino junket investor funds finally caught

Report: Casino owner embezzles $3.7 million from Cambodian casino

Evidence against former Amaya boss David Baazov questioned

David Baazov resigns fully from all positions within Amaya Gaming

Amaya holds annual general meeting in private

Probe into Bangladesh Bank heist ended by Senate

Las Vegas Sports book operator to face charges of incorrect payments

48 individuals indicted in bank fraud scheme at Atlantic City casinos

U.S. Attorney’s office indicts Pellegrini, former VP at Mohegan Sun Pocono

David Baazov, CEO and Chair of Amaya takes leave of absence amid insider trading charges

Amaya CEO’s brother reportedly took part in illegal trades in seven companies

Alleged casino conman nabbed in Las Vegas

Insider Trading charges announced against Amaya Gaming CEO David Baazov

Probation for Illinois man involved in Indiana casino fraud

Casino employee’s luck runs out/nabbed for computer fraud, theft

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