Money Laundering

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

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
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
Latest Casino and Gambling News, Casino News, Gaming Industry News, Economy/Finance, Money Laundering, Unlicensed Operation, Licenses, 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’...

MGCB: Michigan residents using unregulated online gaming operators face serious risks

Kim M
U.S.A., Latest Casino and Gambling News, North America Casino News, Gaming Industry News, Mobile gaming, Money Laundering, Data Protection, Unlicensed Operation, Online Gambling News, Crime, Michigan
In Michigan, the government agency that provides oversight of the state's gaming industry recently warned residents who use unregulated gaming sites to place wagers may risk losing their deposit and fall victim...

Alvin Chau Cheok Wa to resign as boss of Suncity Group Holdings Limited

Adam Morgan
Casino News, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Money Laundering, Economy/Finance, Unlicensed Operation, Asian Casino News, Online Gambling News, Mergers, Acquisitions & Partnerships, Crime, Financial Fraud
Following his arrest by police in mainland China over the weekend and Alvin Chau Cheok Wa (pictured) is reportedly set to stand down as Chief Executive Officer for Asian casino investor Suncity Group Holdings L...

Macau arrests eleven over illegal mainland gambling allegations

Adam Morgan
Latest Casino and Gambling News, Casino News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Money Laundering, Economy/Finance, Unlicensed Operation, Macau, Online Gambling News, Crime, Financial Fraud
In Macau and the Judiciary Police has reportedly announced the arrest of eleven individuals for allegedly having ties to illicit gambling supposedly being conducted by local junket giant Suncity Group. Accor...