Financial Fraud | World Casino News

Macau junket operator to shut down Wynn Macau VIP room

October 27, 2015

Latest Casino and Gambling News, Casino News, Economy/Finance, Macau, Financial Fraud

Dore Entertainment Co Ltd will be shutting down a VIP room at the Wynn Macau, according to the most recent reports out of the gaming city. The Macau junket operator operates three VIP rooms at the casino, with ...

No casinos as part of a plea bargain for New Mexico Secretary of State who resigns

Kim M

October 24, 2015

Latest Casino and Gambling News, Casino News, North America Casino News, Gaming Industry News, Money Laundering, Fines, Lawsuits & Litigation, Financial Fraud, New Mexico

Friday in a New Mexico district court in Santa Fe, former secretary of state Dianna Duran pleaded guilty to felony embezzlement among other charges amid allegations that thousands of dollars were siphoned from ...

China’s gov’t revenue hit by online lottery halt

Kim M

September 10, 2015

Casino News, Latest Casino and Gambling News, World Casino News, China, Lottery, Unlicensed Operation, Asian Casino News, Online Gambling News, Fines, Lawsuits & Litigation, Financial Fraud, Thailand

Seventeen Chinese nationals were arrested by Thailand police on Tuesday for the illegal operation of an online lottery. All of the 17 arrested, including 14 men and 3 women, were in Thailand on tourist visas...

Charges of theft, money laundering in casino scheme filed against New Mexico Secretary of State Dianna Duran

Kim M

August 30, 2015

Latest Casino and Gambling News, Casino News, North America Casino News, Money Laundering, Conspiracy, Fines, Lawsuits & Litigation, Financial Fraud, New Mexico

On Friday, Republican Secretary of State Dianna Duran was charged with embezzlement, fraud, money laundering and campaign finance violations by New Mexico's Democratic attorney general. The 64-count complain...

Macau’s crackdown on underground banking activities will hit struggling casino industry

Renee Kingsley

August 27, 2015

China, Gaming Industry News, Money Laundering, Economy/Finance, Macau, Asian Casino News, Tax Evasion, Crime, Financial Fraud

The anti-corruption crackdown launched by Beijing targeting corrupt officials and VIP gamblers in Macau has been successful due to the fact that it has scared away Macau’s VIP gamblers who were not willing to b...

High Roller’s attempt to avoid $11.1m casino debt spoiled by Canadian Court

Sadonna Price

August 25, 2015

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

Back in February of 2013, Jian Tu, also known as Tu Jian, visited the Marina Bay Sands and opted for a credit line of S$9.94m. The Las Vegas Sands property is still waiting on payment as Tu has not been willing...

Malta revising gaming law, player protection focus

Kim M

August 22, 2015

Latest Casino and Gambling News, World Casino News, Sports betting, Fines, Lawsuits & Litigation, Financial Fraud, Italy, Malta

An update to Malta’s gambling legislation will focus on safeguards for customers of online gambling by gaming regulators in the southern European island country. According to a Malta Gaming Authority (MGA) r...

Oklahoma state senator stole $1.8 million; more than $200k spent at casinos

Kim M

August 22, 2015

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

In an Oklahoma federal court on Thursday, two-term State Senator Rick Brinkley admitted to stealing $1.8 million and filing a false tax return from the nonprofit agency where he worked. The 54 year old senat...

U.S casinos push Congress to strengthen Cybersecurity policies

Renee Kingsley

August 14, 2015

U.S.A., Casino News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Hacking, Unlicensed Operation, Crime, Financial Fraud

The online gambling market has significantly expanded across the globe during the last 5 years and millions of dollars get traded via these online gambling sites on a regular basis. These online casino websites...

Indian authorities accuse Hawala operator of financing casinos in Goa

Renee Kingsley

August 13, 2015

Casino News, India, Money Laundering, Asian Casino News, Bribery, Financial Fraud

Raychand Soni was arrested by Indian authorities earlier this week as he was accused of being a key ‘hawala operator’ involving bribery allegations against Louis Berger, a company that had won a contract to exe...

Louisiana Man sentenced for printing $100 bills in casino hotel room

Sam Mitchell

August 10, 2015

Latest Casino and Gambling News, Financial Fraud, Louisiana

In Lake Charles, Louisiana, a man has been charged and sentenced to a year in prison for printing counterfeit money. On August 9, 2015, Deldrick Fowler was sentenced after he was found guilty of printing $100 ...

Portocarrero brothers sentenced for involvement in Macho Sports illegal gambling ring

Kim M

August 9, 2015

Latest Casino and Gambling News, Illegal Bookmaking, Sports betting, Conspiracy, Racketeering, Financial Fraud

Facing a maximum sentence of 20 years, ringleaders of Macho Sports global gambling ring, the Portocarrero brothers were each fined $50,000 and will serve less than two years in federal prison on racketeering an...

Philippines Secretary of Justice deports alleged gambling criminal Bo Wang

Lars Jones

August 8, 2015

China, Money Laundering, Bribery, Financial Fraud, Philippines

Philippine Secretary of Justice Leila De Lima re-issued a deportation order on Tuesday for the alleged gambling kingpin from China, Bo Wang. Thursday morning he left the country from Ninoy Aquino International ...

Appeals Court: BetOnSports founder must pay $36 million late taxes and fees

Kim M

July 31, 2015

Latest Casino and Gambling News, Illegal Bookmaking, Unlicensed Operation, Tax Evasion, Online Gambling News, Conspiracy, Financial Fraud, Fines, Lawsuits & Litigation, Missouri

On Wednesday, a three-judge panel of the St Louis based Eighth U.S. Court of Appeals rejected the appeal of a former online gambling company founder who sought to avoid paying $36 million in back taxes and pena...

Self-excluded gambler ordered to cover £2 million bad check

Lars Jones

July 31, 2015

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

The Ritz Club of London has prevailed in a high court case to collect on a check for more than £2 million written on 19 February 2014 by a billionaire "gambling addict". Safa Abdulla Al-Geabury must also pay da...

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Macau junket operator to shut down Wynn Macau VIP room

No casinos as part of a plea bargain for New Mexico Secretary of State who resigns

China’s gov’t revenue hit by online lottery halt

Charges of theft, money laundering in casino scheme filed against New Mexico Secretary of State Dianna Duran

Macau’s crackdown on underground banking activities will hit struggling casino industry

High Roller’s attempt to avoid $11.1m casino debt spoiled by Canadian Court

Malta revising gaming law, player protection focus

Oklahoma state senator stole $1.8 million; more than $200k spent at casinos

U.S casinos push Congress to strengthen Cybersecurity policies

Indian authorities accuse Hawala operator of financing casinos in Goa

Louisiana Man sentenced for printing $100 bills in casino hotel room

Portocarrero brothers sentenced for involvement in Macho Sports illegal gambling ring

Philippines Secretary of Justice deports alleged gambling criminal Bo Wang

Appeals Court: BetOnSports founder must pay $36 million late taxes and fees

Self-excluded gambler ordered to cover £2 million bad check

Nolimit City Expands to Denmark and Introduces Outsourced: Payday Slot

Rei do Pitaco Joins Brazil’s Regulated Sports Betting Market

Rush Street Interactive Expands Board With Thomas Winter Appointment

Macau Projects MOP240B Casino Revenue for 2025 as Xi Jinping Calls for Diversification

Nevada Revokes Gaming License of Ex-MGM Executive Scott Sibella