Money Laundering | World Casino News

Vickers report says Macau’s casino industry is an attractive target for terrorists

January 18, 2016

China, Casino openings, Money Laundering, Macau, Asian Casino News

Macau’s casinos have been the target of an anti-corruption government crackdown for the last 24 months, but Steve Vickers and Associates Ltd now warns that the biggest gambling hub in the world is an ‘attractiv...

Macau junket association and government officials finally hold meeting to discuss gaming regulations in 2016

Renee Kingsley

January 15, 2016

Gaming Law & Legislation, China, Money Laundering, Economy/Finance, Macau, Asian Casino News

Macau’s junket operators have not been given a lot of attention by the media during 2014 and 2015, as the losses incurred by Macau’s casinos has been the focus of most discussions. However, Macau’s junket opera...

China’s anti-corruption crackdown will impact the progress of the controversial Baha Mar Resort

Renee Kingsley

January 7, 2016

Casino proposals, Casino News, China, Casino openings, Casino project updates, Bahamas, Caribbean Casino News, Money Laundering, Asian Casino News, Fines, Lawsuits & Litigation

The proposal to build the Baha Mar resort in the Bahamas was initially submitted in 2002 and over a decade has passed since then but the resort is yet to be completed and continues to be surrounded in controver...

Seven Mile Casino card room allowed to reopen after FBI raid

Sadonna Price

December 31, 2015

Latest Casino and Gambling News, Casino openings, Brick-n-Mortar Poker Rooms, California, Money Laundering

On Wednesday, the Seven Mile Casino card room was allowed to reopen their doors after being shut down due to a federal raid. The venue was shut down for close to three weeks before being allowed to resume opera...

Indicted San Diego card rooms seek reopening before Christmas

Sadonna Price

December 20, 2015

Latest Casino and Gambling News, California, Money Laundering

Two card rooms in San Diego County that FBI raided just a few days ago are now fighting to reopen in time for Christmas. The card rooms, Seven Mile Casino and the Palomar Card Club, both say they have done no w...

UKGC fines Caesars £845k for lax money laundering protocols

Sadonna Price

December 17, 2015

Latest Casino and Gambling News, Money Laundering, Fines, Lawsuits & Litigation, United Kingdom

Caesars Entertainment was fined by the UK Gambling Commission for falling short of the protocols set in place for anti-money laundering (AML). On Wednesday, the UKGC posted a notice on their website, stating th...

Macau authorities investigate two officials who are suspected of taking bribes

Renee Kingsley

December 16, 2015

China, Casino Cheating, Money Laundering, Asian Casino News, Macau, Racketeering, Crime, Bribery

Chinese President Xi Jinping launched an anti-corruption crackdown in Macau due to growing concerns that government officials in high level positions were taking advantage of their power and using it for person...

Indicted California card room operator was not permitted to run club: Reports

Sadonna Price

December 16, 2015

Latest Casino and Gambling News, California, Money Laundering, Unlicensed Operation, Fines, Lawsuits & Litigation

Last Wednesday, the Palomar Card Club of California was raided by FBI agents after an investigation found the venue was operating illegally. The operator of the casino, Naseem Salem, is accused of not reportin...

Macau authorities turn their attention to AliPay operations

Renee Kingsley

December 15, 2015

Casino Cheating, Money Laundering, Unlicensed Operation, Macau, Asian Casino News, Crime

There appears to be no let up in Macau’s anti-corruption crackdown on the gambling industry as Macau authorities recently announced that they were going to keep a close watch on all AliPay operations. Alibab...

AGA releases new Best Practices for anti-money laundering compliance

Lars Jones

December 10, 2015

Latest Casino and Gambling News, Gaming Law & Legislation, U.S.A., Money Laundering, Economy/Finance

On the anniversary of the first ever comprehensive guidance on Anti-Money Laundering (AML) Best Practices, the American Gaming Association (AGA) released updates yesterday to help operators come into and stay i...

FBI raids clubs; Arrests in 5 states for illegal sports betting

Sadonna Price

December 10, 2015

U.S.A., Latest Casino and Gambling News, California, Money Laundering, Illegal Bookmaking, Unlicensed Operation

It was announced yesterday by federal authorities that a total of 25 individuals were indicted for their role in a large gambling ring spanning across the US and internationally. The scheme was able to net prof...

Dore junket investors continue to hold protests outside Wynn Macau casino

Renee Kingsley

December 8, 2015

Gaming Law & Legislation, Casino News, China, Money Laundering, Macau, Asian Casino News, Financial Fraud

The once thriving casino industry in Macau has suffered its 18th consecutive month of declining revenue and one of the main reasons for this decline is attributed to the drop in VIP customers from Mainland Chin...

Macau’s new DICJ Leader promises to amend gaming laws to revive casino industry

Renee Kingsley

December 2, 2015

Gaming Law & Legislation, Casino Cheating, China, Money Laundering, Economy/Finance, Macau, Asian Casino News, Fines, Lawsuits & Litigation

While it is clear that Beijing’s anti-corruption crackdown on the Macau industry has caused the casino industry to suffer its biggest market slump, questions must also be raised about Macau’s gambling regulatio...

Betsson manager charged with €153,000 fraud, money laundering for defrauding partners

Sadonna Price

November 29, 2015

Latest Casino and Gambling News, Money Laundering, Online Gambling News, Conspiracy, Malta

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Christiaan Alexander Van Dalen is a former affiliate manager for Betsson AB, an online gambling operator, who has been accused of stealing money from the company by using his position. Van Dalen had access to c...

Efforts to curb underground banking beefed up by China

Kim M

November 25, 2015

Latest Casino and Gambling News, Casino News, World Casino News, China, Gaming Industry News, Money Laundering, Illegal Bookmaking, Unlicensed Operation, Asian Casino News, Macau, Online Gambling News, Financial Fraud

After the country’s largest underground banking operation was dismantled by authorities in China last week, handling online gambling transactions in the country could become much more difficult. Approximatel...

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Vickers report says Macau’s casino industry is an attractive target for terrorists

Macau junket association and government officials finally hold meeting to discuss gaming regulations in 2016

China’s anti-corruption crackdown will impact the progress of the controversial Baha Mar Resort

Seven Mile Casino card room allowed to reopen after FBI raid

Indicted San Diego card rooms seek reopening before Christmas

UKGC fines Caesars £845k for lax money laundering protocols

Macau authorities investigate two officials who are suspected of taking bribes

Indicted California card room operator was not permitted to run club: Reports

Macau authorities turn their attention to AliPay operations

AGA releases new Best Practices for anti-money laundering compliance

FBI raids clubs; Arrests in 5 states for illegal sports betting

Dore junket investors continue to hold protests outside Wynn Macau casino

Macau’s new DICJ Leader promises to amend gaming laws to revive casino industry

Betsson manager charged with €153,000 fraud, money laundering for defrauding partners

Efforts to curb underground banking beefed up by China

AGA: Record-Breaking Revenue for U.S. Commercial Gaming in Q3 2024

Wynn Resorts on Track for 2027 Launch of UAE’s First Integrated Resort, Wynn Al Marjan Island

Denmark Ushers in a New Regulatory Era with the Launch of Land-Based Bingo Licensing

Tribal Casino Applications Spur Tensions in Oregon Gaming Landscape

eCOGRA Expands into Arizona, Indiana, and Panama with New Regulatory Approvals