Money Laundering | World Casino News

Betfair used for money laundering according to media reports

September 3, 2015

Australia, Latest Casino and Gambling News, Money Laundering, Sports betting, Crime

In surprising sports betting news, it seems as though Betfair has been used by an individual to launder drug money. It has been reported by many media outlets that the top sports betting company has been used b...

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...

China’s Central Bank and Macau to Battle Money Laundering

Alex Lanter

August 26, 2015

Latest Casino and Gambling News, China, Money Laundering, Macau, Asian Casino News

The Monetary Authority of Macau and the People's Bank of China (PBOC) signed a new memorandum of understanding in order to tighten up anti-money laundering measures and prevent illegal and terrorist financing a...

Lawmakers in the Philippines want Government to conduct online gambling probe

Renee Kingsley

August 25, 2015

Online gambling regulation, Money Laundering, Illegal Bookmaking, Unlicensed Operation, Macau, Philippines

The Philippines government has made it clear that it wants to promote the casino industry within the country in an effort to attract foreign investment and attract gamblers from Macau, Mainland China, and beyon...

Caesars reportedly to pay $20 million money laundering penalty

Alex Lanter

August 25, 2015

U.S.A., Latest Casino and Gambling News, Money Laundering, Crime, Fines, Lawsuits & Litigation, Nevada

Caesars Entertainment Corp (CEC) has reportedly reached an agreement with the Department of Justice to settle its US money laundering charges. A report from Reuters reads that the casino giant has settled to pa...

Birmingham City Chairman released from jail; Free to appeal money laundering charges

Kim M

August 17, 2015

Latest Casino and Gambling News, Hong Kong, Money Laundering

A top court in Hong Kong granted Carson Yeung Ka Sing, Birmingham International Holdings Ltd. Chairman, release from jail Friday and will be free to appeal a money laundering conviction. Yeung was released on H...

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...

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 ...

Tinian Dynasty Hotel & Casino settle record fine with $3.04 million forteiture

D. Graham

July 25, 2015

Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, China, World Casino News, Gaming Industry News, Money Laundering, Asian Casino News, Crime, Fines, Lawsuits & Litigation, Northern Mariana Islands

Northern Mariana Island's Tinian Dynasty Hotel & Casino, levied with a record $75 million fine in June, has settled their FinCEN violations with a non-prosecutorial forfeiture agreement of $3.04 million. ...

Italian Police raid illegal gambling operations, seize $2.2 billion in assets

D. Graham

July 24, 2015

Latest Casino and Gambling News, World Casino News, Gaming Industry News, Money Laundering, European Casino News, Online Gambling News, Tax Evasion, Racketeering, Crime, Italy, Malta, Romania, Spain

Italy’s Minister of the Interior Angelino Alfano (pictured) has announced that in a pre-dawn raid police have confiscated $2.2 (U.S.) billion in assets and issued 41 arrest warrants for persons involved with il...

Arrests: International investment scam, JP Morgan hack, online casinos

Lars Jones

July 24, 2015

Israel, Casino closures, Gaming Industry News, Hacking, Money Laundering, Cyprus, Data Protection, Middle East Gaming News, Online Gambling News, Florida, Financial Fraud

The Manhattan U.S. Attorney announced on Tuesday that three men in Florida and Israel had been charged in a penny stock scam with international reach. Three Israeli residents, one an American citizen who remain...

Macau 2Q financial reports show casino profits continuing to fall

D. Graham

July 18, 2015

Latest Casino and Gambling News, World Casino News, China, Money Laundering, Economy/Finance, Asian Casino News, Macau

GGRAsia reports that Macau’s second quarter VIP baccarat gaming revenue has fallen 42.2 percent, almost $4 billion U.S., compared to last year’s earnings. Casino gross gaming revenue (GGR) overall for the first...

Indian Premier League corruption scandal results in severe punishments for top cricket teams

Renee Kingsley

July 15, 2015

India, Money Laundering, Illegal Bookmaking, Unlicensed Operation, Tax Evasion, Online Gambling News, Asian Casino News, Sports betting, Conspiracy, Racketeering, Crime, Bribery, Financial Fraud

The Indian Premier League (IPL) which was founded in 2008 took the cricketing world by storm. The league format allowed millions of dollars to be traded as international cricket players from around the world w...

Casino stocks increase after Macau announces new visa rules

Renee Kingsley

July 1, 2015

Gaming Law & Legislation, China, Gaming Industry News, Economy/Finance, Money Laundering, Macau, Asian Casino News, Racketeering, Crime, Financial Fraud

Macau, the biggest gambling hub in the world, is located just an hour away by ferry from Mainland China. Some of the biggest casino brands in the world like the Las Vegas Sands Corp., MGM Resorts International ...

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Betfair used for money laundering according to media reports

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

China’s Central Bank and Macau to Battle Money Laundering

Lawmakers in the Philippines want Government to conduct online gambling probe

Caesars reportedly to pay $20 million money laundering penalty

Birmingham City Chairman released from jail; Free to appeal money laundering charges

Indian authorities accuse Hawala operator of financing casinos in Goa

Philippines Secretary of Justice deports alleged gambling criminal Bo Wang

Tinian Dynasty Hotel & Casino settle record fine with $3.04 million forteiture

Italian Police raid illegal gambling operations, seize $2.2 billion in assets

Arrests: International investment scam, JP Morgan hack, online casinos

Macau 2Q financial reports show casino profits continuing to fall

Indian Premier League corruption scandal results in severe punishments for top cricket teams

Casino stocks increase after Macau announces new visa rules

Bally’s Seeks to Double Gambling Credit Limit to $100K at Rhode Island Casinos

Embark on Feature-Packed Adventure in Loner, Extremely Volatile Nolimit City’s Latest Slot

Quezon City Mayor Bans Government Employees from Soon-to-Open Solaire Resort North Casino Over Conflict of Interest

Christchurch Man Charged in Alleged Largest Illegal Lottery Case in New Zealand History; Over $11 Million Generated in Prizes

Star Entertainment’s Shares Boosted 20% by Reported Interest from Hard Rock Hotels & Casinos-Led Consortium