Money Laundering

The Star Entertainment Group Limited probe hears about Suncity Group link

Adam Morgan
Latest Casino and Gambling News, Australia, Casino News, Gaming Industry News, Economy/Finance, Money Laundering, Licenses, Mergers, Acquisitions & Partnerships, Crime, Fines, Lawsuits & Litigation
In Australia and the public inquiry into The Star Entertainment Group Limited has reportedly been told that the local casino operator continued working with junket firm Suncity Group despite telling the market ...

Philippines to remain on the FATF’s ‘grey list’ despite some improvement

Adam Morgan
Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Money Laundering, Online Gambling News, Mergers, Acquisitions & Partnerships, Crime, Philippines
The international body that grades countries’ efforts at helping to prevent money laundering and the financing of terrorism has reportedly announced that the Philippines is to remain on its ‘grey list’ of monit...

Sands China Limited cancels Macau deals with ‘three primary’ junkets

Adam Morgan
Latest Casino and Gambling News, Gaming Law & Legislation, Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Licenses, Macau, Mergers, Acquisitions & Partnerships, Crime
American casino operator Las Vegas Sands Corporation has reportedly announced that its Sands China Limited subordinate terminated cooperation agreements in December with a club of ‘three primary’ Macau junket e...

Macau casino market records discouraging January gross gaming revenues

Adam Morgan
Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Money Laundering, Economy/Finance, Licenses, Macau, Mergers, Acquisitions & Partnerships, Crime, Fines, Lawsuits & Litigation
The 41 casinos in Macau reportedly experienced a disappointing start to 2022 after seeing their aggregated gross gaming revenues for January plummet by a surprising 20.9% year-on-year to a little over $790.21 m...

Tak Chun Group boss arrested on criminal gang charges in Macau

Adam Morgan
Casino News, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Money Laundering, Licenses, Unlicensed Operation, Macau, Mergers, Acquisitions & Partnerships, Crime, Fines, Lawsuits & Litigation
The man behind Asian junket giant Tak Chun Group, Levo Chan Weng Lin (pictured), was reportedly arrested by Macau police on Friday over allegations that he also holds a senior position within a local triad crim...

Genesis Global Limited hit with £3.8 million Gambling Commission fine

Adam Morgan
Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Money Laundering, Online Gambling News, Crime, Licensing, Fines, Lawsuits & Litigation, United Kingdom
In the United Kingdom and online casino operator Genesis Global Limited has been fined £3.8 million ($5.1 million) after being found culpable of ‘significant’ shortcomings in its required anti-money laundering ...

Crown Resorts Limited looking to open Crown Sydney casino ‘early in the new year’

Adam Morgan
Australia, Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, New Hotels, Gaming Industry News, Casino project updates, Economy/Finance, Money Laundering, Licenses, Crime
In Australia and beleaguered casino operator Crown Resorts Limited has reportedly announced that it is now hoping to premiere the gambling element within its new Crown Sydney development ‘early in the new year’...