Money Laundering

Police Crackdown on US$134 Million Illegal Bookmaking Syndicate in Guangdong, Hong Kong, and Macau

Johnny K.
Latest Casino and Gambling News, China, World Casino News, Hong Kong, Money Laundering, Illegal Bookmaking, Macau, Sports betting, Online Gambling News, Asian Casino News, Crime
In a significant breakthrough, police forces from Guangdong, Hong Kong, and Macau have successfully dismantled an illegal bookmaking syndicate, leading to the arrest of 93 suspects. The Macau Judiciary Police r...

SkyCity Entertainment Group Halts Dividends, Lowers Earnings Forecast Amid Economic Struggles and Regulatory Challenges

Johnny K.
Australia, Casino News, Latest Casino and Gambling News, World Casino News, New Zealand, Gaming Industry News, Money Laundering, Economy/Finance, Oceania Casino News, Crime, Financial Press Releases
SkyCity Entertainment Group, the prominent New Zealand-based operator of casinos in Adelaide, Auckland, and Queenstown, has announced the suspension of its dividends and revised its earnings forecasts downward ...

Singapore Warns of Medium-High Risk for Environmental Crime Money Laundering in Casino Industry

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Unsavory reports, Gaming Industry News, Money Laundering, Asian Casino News, Online Gambling News, Crime, Singapore
A newly released report from multiple Singapore agencies has drawn attention to the casino industry as one of the sectors at medium-high risk for potential exploitation in environmental crime money laundering. ...

Philippine Senator Files Proposal to Ban POGOs over Human Trafficking Concerns

Radosav Milutinovic
Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, Online gambling regulation, World Casino News, Gaming Industry News, Casinos of the Philippines, Money Laundering, Asian Casino News, Online Gambling News, Conspiracy, Crime, Philippines
Philippine Senator Risa Hontiveros has called on the country's legislature to immediately ban Philippine Offshore Gaming Operations, known as POGOs, over human trafficking concerns allegedly raised after the re...

VGCCC Deems Crown Resorts Suitable to Continue to Hold its Melbourne Casino License

Marija Malenovic
Latest Casino and Gambling News, Gaming Law & Legislation, Australia, Casino News, World Casino News, Gaming Industry News, Money Laundering, Licenses, Oceania Casino News, Conspiracy, Crime, Licensing
The Victorian Gambling and Casino Control Commission (VGCCC), Victoria's gambling regulatory body, has regarded Crown Resort Ltd., Australia’s largest gaming and entertainment group, eligible to maintain its ga...

Star Entertainment CEO Resigns As NSW Commission Extends License Considerations

Radosav Milutinovic
Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casino project updates, Money Laundering, Licenses, Online Gambling News, Fines, Lawsuits & Litigation, Financial Fraud
As the New South Wales authorities continue to monitor the implementation of the cultural change within Star Entertainment Group requested after non-compliance allegations, Robby Cooke, the chief executive offi...

Curaçao Issues Licensee Registration Guidelines; Sets the 31 March 2024 Milestone to Enforce New Legislation

Radosav Milutinovic
Latest Casino and Gambling News, Gaming Law & Legislation, Casino Destinations, World Casino News, Online gambling regulation, Gaming Industry News, Caribbean Casino News, Mobile gaming, Money Laundering, Licenses, Curaçao Casinos, Online Gambling News
A set of guidelines recently issued by the Curaçao's Gaming Control Board requires applicants for gaming licenses to register by 31 March 2024 to align with both the current and the incoming legislation. After ...

AUSTRAC Opens Investigation Into Bet365 For Potential Breaches of AML/CTF Laws

Marija Malenovic
Gaming Law & Legislation, Latest Casino and Gambling News, Australia, Casino News, Online gambling regulation, World Casino News, Gaming Industry News, Economy/Finance, Money Laundering, European Casino News, Online Gambling News, Oceania Casino News, Crime, Fines, Lawsuits & Litigation, United Kingdom
The Australian Transaction Reports and Analysis Center (AUSTRAC), Australia’s anti-money laundering and counter-terrorism financing regulator, has started an inquiry into Bet365, an online gambling firm based i...

Sydney’s Star Casino To Undergo Second Investigation Into Its Suitability To Hold a Casino License

Marija Malenovic
Gaming Law & Legislation, Australia, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Money Laundering, Licenses, Oceania Casino News, Crime, Licensing, Fines, Lawsuits & Litigation, Financial Fraud
Star Sydney's appropriateness to own a casino license will return into focus following the announcement of the New South Wales Independent Commission (NICC) on February 19 that it'd launch a 2nd investigation f...

WA Authorities Busted Underground Gaming Houses in Perth to Seize Almost $190,000 in Cash

Radosav Milutinovic
Gaming Law & Legislation, Australia, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Unlicensed Operation, Licenses, Online Gambling News, Oceania Casino News, Crime, Labor Relations
In 2023, Perth authorities carried out two major raids on underground gambling operations in suburban areas to seize almost $190,000 in cash, casino-style gaming chips, and playing cards. The organi...

Sky City Facing Up to AU$8Million Fine on Non-Compliance Allegations

Radosav Milutinovic
Australia, Casino News, Latest Casino and Gambling News, World Casino News, New Zealand, Gaming Industry News, Money Laundering, Economy/Finance, Online Gambling News, Oceania Casino News, Crime, Fines, Lawsuits & Litigation
Following the recent problem gambling and money laundering allegations that costed SkyCity Entertainment Group millions of dollars, a leading casino corporation in Oceania is facing legal consequences again. Th...

Svenska Spel Plans To Permanently Close Casino Cosmopol Venues In Gothenburg and Malmö

Marija Malenovic
Sweden, Casino News, Latest Casino and Gambling News, World Casino News, Casino closures, Gaming Industry News, Money Laundering, European Casino News, Online Gambling News, Taxation, Crime, Taxes, Fines, Lawsuits & Litigation
Svenska Spel plans to officially close the Casino Cosmopol facilities in Malmö and Gothenburg. The main reason for this decision is the limited profitability of the facilities, the firm revealed on January 24. ...

Money Launderers Are Utilizing Online Gambling Sites To Launder Illegal Money, FINTRAC Warns

Marija Malenovic
U.S.A., Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, Canada, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Mobile gaming, Money Laundering, Licenses, Online Gambling News, Crime, Licensing
The Financial Transactions and Reports Analysis Centre of Canada (FINTRAC), Canada’s financial intelligence agency, has issued a warning that illegal money is being laundered via iGaming sites that offer many d...