Money Laundering

Singapore Police Seized $1.8 Billion in the Anti-Money Laundering Blitz

Radosav Milutinovic
Turkey, Casino Destinations, Cambodia, Latest Casino and Gambling News, China, World Casino News, Gaming Industry News, Cyprus, Money Laundering, Economy/Finance, Dominican Republic, Online Gambling News, Crime, Philippines, Singapore, Switzerland
The biggest anti-money laundering case in Singapore has resulted in the seizure of assets worth almost S$2.4 billion ($1.76 billion) following the simultaneous raid of 400 police officers in the city that broug...

Lindar Media Limited To Pay £690,947 Fine For AML and Problem Gambling Non-Compliance

Radosav Milutinovic
Gaming Law & Legislation, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Money Laundering, European Casino News, Licenses, Online Gambling News, Fines, Lawsuits & Litigation, United Kingdom
UK casino operator Lindar Media Limited is obliged to pay a £690,947 fine for the alleged breach of the socially responsible operating practices and the failures to comply with the anti-money laundering procedu...

Macau Banks Banned From Doing Business With Foreign Gaming Operators, AMCM’s Updated Industry Guidance Says

Marija Malenovic
Gaming Law & Legislation, Casino Destinations, Casino News, Latest Casino and Gambling News, Casino reviews from Macau, World Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Asian Casino News, Macau, Crime
As reported by Asia Gaming Brief, the Monetary Authority of Macao (AMCM), Macau's financial regulatory body, released "updated industry guidance on Anti-Money Laundering/Combating the Financing of Terrorism (AM...
gaming license

In Touch Gaming’s License Suspended by UK Gambling Commission and Betting and Gaming Council

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Unsavory reports, Online gambling regulation, Gaming Industry News, Money Laundering, Licenses, Online Gambling News, Crime, Licensing, Fines, Lawsuits & Litigation, United Kingdom
In Touch Games, Limited has its license to operate in Great Britain suspended. The UK Gambling Commission sees the online gambling business as unsuitable to hold the license after the review. The Gambling Act 2...

95 Jobs Cut As Crown Sydney Shuts Down One Of Its Two Gaming Floors

Marija Malenovic
Australia, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Casino closures, Gaming Industry News, Casino moguls, Money Laundering, Licenses, Oceania Casino News, Crime, Labor Relations, Licensing
Crown Sydney, which is owned by Crown Resorts, has shut down one of its two gaming spaces and cut 95 jobs only a year following its opening. The only VIP casino for global gambling high-rollers: The casin...

OKBet Unexpectedly Halts Operations; Shuts Down Every VIP Room In Philippines

Marija Malenovic
Casino News, Latest Casino and Gambling News, Casino Destinations, World Casino News, Casinos of the Philippines, Hong Kong, Casino closures, Gaming Industry News, Money Laundering, Online Gambling News, Asian Casino News, Crime, Philippines, Singapore
OKBet Infinity Inc, a flagship online gaming and junket operator, has halted its operations along and shut down its VIP rooms in the Philippines without prior notice. Decision made by the Board of Directors:...

Hong Kong’s Billionaire Cheng Family Takes Over the Hoiana Casino Resort in Vietnam

Radosav Milutinovic
Latest Casino and Gambling News, Casino News, Casino Destinations, World Casino News, New Hotels, Casino reviews from Macau, Casino project updates, Gaming Industry News, Hong Kong, Money Laundering, Casino moguls, Asian Casino News, Online Gambling News, Macau, Mergers, Acquisitions & Partnerships, Crime, Fines, Lawsuits & Litigation, Vietnam
After the imprisonment of the Suncity Group CEO Alvin Chau, the control of the Hoiana casino resort in Vietnam has been taken over from the former listed Chau's company by Hong Kong’s billionaire Cheng family, ...

888 Holdings’ UK Operating License Under Review Amid UKGC Concerns Over FS Gaming Investment

Marija Malenovic
Casino Sales, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Money Laundering, Economy/Finance, European Casino News, Licenses, Online Gambling News, Mergers, Acquisitions & Partnerships, Crime, Licensing, Bribery, Fines, Lawsuits & Litigation, United Kingdom
On Friday, July 14, the UK Gambling Commission (UKGC) revealed that it is currently reviewing UK operating license of global online casino, sportsbook operator and William Hill owner 888 Holdings, which is link...

Federal Court of Australia Validates AU$450 Million Crown Resorts Settlement Agreement With AUSTRAC

Marija Malenovic
Latest Casino and Gambling News, Australia, Casino News, World Casino News, Gaming Industry News, Casino moguls, Money Laundering, Macau, Asian Casino News, Oceania Casino News, Crime, Fines, Lawsuits & Litigation
It was recently unveiled that Crown Resorts, Australia’s largest gaming and entertainment group, has been fined AU$450 million ($300 million) by the Australian Transaction Reports and Analysis Center (AUSTRAC),...

Videoslots Launches Online Casino in Ontario For North American Expansion

Radosav Milutinovic
Jackpot Winners, Online gaming software, Welcome Bonuses, Latest Casino and Gambling News, World Casino News, North America Casino News, Online gambling regulation, Canada, Casino expansion projects, Gaming Industry News, Technology, Money Laundering, Ontario, Mobile gaming, European Casino News, Online Gambling News, Italy, Malta, Spain, United Kingdom
Videoslots.com, a subsidiary of the 2023 Online Casino Operator of the Year Videoslots Limited, will launch its online casino facility in the Canadian province of Ontario, as the company reports. The operator a...

Star Wins NSW Tax Deferral and Loses Charter Hall From the Brisbane Deal

Radosav Milutinovic
Casino Sales, Gaming Law & Legislation, Poker Law, Casino Destinations, Australia, Latest Casino and Gambling News, Casino News, New Hotels, World Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Poker, Tax Evasion, Taxation, Online Gambling News, Oceania Casino News, Fines, Lawsuits & Litigation
The New South Wales (NSW) Government has postponed the announced tax increase on gaming revenue for the Star Entertainment's Sydney casino less than a fortnight before the start of the new tax rate implementati...

Videoslots Limited To Pay £2 Million Regulatory Settlement for Non-Compliant Procedures

Radosav Milutinovic
Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Money Laundering, Economy/Finance, European Casino News, Online Gambling News, Crime, Fines, Lawsuits & Litigation, United Kingdom
The UK Gambling Commission has issued a 2 million pound regulatory settlement for Videoslots Limited for the operator's failure to comply with the social responsibility and anti-money laundering (AML) procedure...

OpenBet Acquired Neccton to Improve Sport Betting Player Protection

Radosav Milutinovic
Austria, Online gaming software, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Technology, Money Laundering, European Casino News, Online Gambling News, Mergers, Acquisitions & Partnerships, Financial Fraud
A prominent software developer and content provider, OpenBet, has completed the acquisition of a leading wagering technology provider Neccton. OpenBet, as a part of the global Endeavor network, will use the acq...

Blackstone Planning Extensive Investments to Upgrade Crown Melbourne Resorts

Radosav Milutinovic
Latest Casino and Gambling News, Las Vegas, Casino Destinations, Australia, Casino News, World Casino News, Casino expansion projects, Gaming Industry News, Casino project updates, Money Laundering, Oceania Casino News, Fines, Lawsuits & Litigation
Following the recent $9 billion acquisition of the Crown Resorts, the New York-based real-estate giant Blackstone is planning a major investment in the the casino and hotel operations in the Melbourne site to m...