Money Laundering | World Casino News

NGC approves $1.5 million fine for Caesars

September 20, 2015

Latest Casino and Gambling News, Las Vegas, Money Laundering, Fines, Lawsuits & Litigation, Nevada

A 15 count complaint against Caesars Entertainment Corp. alleging money laundering at its Caesars Palace casino in Las Vegas was settled with the Nevada Gaming Commission on Thursday for $1.5 million. Caesars ...

Sydney’s Star and Las Vegas casinos used to launder millions in criminal network police say

Kim M

September 13, 2015

Australia, Casino News, Latest Casino and Gambling News, World Casino News, Money Laundering, Conspiracy, Fines, Lawsuits & Litigation, Nevada

Five men believed to be part of a criminal network involving international drug trafficking and money laundering were arrested in the U.S. and Australia this week following a four-year joint criminal investigat...

Money laundering scandal involving Caesars Entertainment results in multi-million dollar fine

Sadonna Price

September 9, 2015

Latest Casino and Gambling News, Money Laundering, Bankruptcy, Fines, Lawsuits & Litigation, Nevada

Based on what the federal authorities are calling ‘severely deficient’ controls on anti-money laundering, Caesars Entertainment Corp. must now pay a hefty civil penalty. $8 million will be paid by Caesars based...

Rank Group (Grosvenors) gives up $1.47 million profits for lax money laundering efforts

Lars Jones

September 8, 2015

Online gambling regulation, Money Laundering, Fines, Lawsuits & Litigation, United Kingdom

The UK Gambling Commission (UKGC) recently completed an investigation into Grosvenor Casinos' (Rank Group) anti-money laundering policies and found them to be weak. The broader investigation was spurred by look...

Betfair used for money laundering according to media reports

Sadonna Price

September 3, 2015

Latest Casino and Gambling News, Australia, 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, Economy/Finance, Money Laundering, Asian Casino News, Tax Evasion, Macau, 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, Asian Casino News, Macau

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

Latest Casino and Gambling News, U.S.A., 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, Money Laundering, India, 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

Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, World Casino News, China, 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, Crime, Racketeering, 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...

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NGC approves $1.5 million fine for Caesars

Sydney’s Star and Las Vegas casinos used to launder millions in criminal network police say

Money laundering scandal involving Caesars Entertainment results in multi-million dollar fine

Rank Group (Grosvenors) gives up $1.47 million profits for lax money laundering efforts

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

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