Money Laundering

Star Entertainment Cuts 500 Jobs and Amends 2023 Earnings Forecast

Radosav Milutinovic
Casino Sales, Casino Destinations, Australia, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Money Laundering, Economy/Finance, Employment & Careers, Online Gambling News, Taxation, Oceania Casino News, Labor Relations, Fines, Lawsuits & Litigation, Financial Press Releases
Star Entertainment Group, one of Australia's leading entertainment and gambling companies, reportedly announced that it will cut 500 jobs in an attempt to set off a series of regulatory restrictions and...

UK Regulator Issues £316.250 Regulatory Action To TGP Europe

Marija Malenovic
Isle of man, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Money Laundering, European Casino News, Licenses, Crime, Licensing, Fines, Lawsuits & Litigation, United Kingdom
TGP Europe Limited, the Isle of Man-based gambling company that operates a white-label network of 19 websites, involving sportsbook brands Fun88, 12Bet, BK8 and Kaiyun, must pay a fine of £316.250 to the UK Gam...
fine

32Red and Platinum Gambling Fined for Social Responsibility and Anti-Money Laundering Breaches

Vanja Mitic
Online gaming software, Casino News, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Money Laundering, Online Gambling News, Crime, Fines, Lawsuits & Litigation, United Kingdom
Kindred Group plc's subsidiaries, 32Red Limited and Platinum Gaming Limited breached social responsibility and anti-money laundering laws, and because of that, they were fined £7.1 million. 32red.com, the ow...

AMLC Study Reveals Unknown Number Of Phillipine Junket Operators’ Failure to Report Suspicious Transactions

Marija Malenovic
Casino News, Latest Casino and Gambling News, Casino Destinations, World Casino News, Casinos of the Philippines, Gaming Industry News, Money Laundering, Asian Casino News, Conspiracy, Crime, Philippines
The Philippine Anti-Money Laundering Council (AMLC) has officially released a study on suspicious transactions connected with casino junkets, which revealed many examples of junket operators who didn’t report c...

The Star Entertainment Offers Sheraton Grand Mirage Resort for $200 Million

Radosav Milutinovic
Casino Sales, Australia, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Money Laundering, Oceania Casino News, Fines, Lawsuits & Litigation
After the sale of a 10% stake in the company for around $142 million, the Australian casino giant The Star now offers its Sheraton Grand Mirage resort on the Gold Coast for $200 million. The casino corporation ...
egba

EGBA Reveals New Guidelines to Prevent Money Laundering in the Industry

Vanja Mitic
Gaming Law & Legislation, Online gaming software, Latest Casino and Gambling News, Online gambling regulation, Gaming Industry News, Money Laundering, European Casino News, Online Gambling News
The European Gaming and Betting Association (EGBA) keeps working hard to prevent money laundering in the industry. EGBA announced that new standards are included in its anti-money laundering leadership and invi...

BetMGM’s Partner Entain Acquires License Approval from Nevada Gaming Commission

Radosav Milutinovic
U.S.A., Latest Casino and Gambling News, Las Vegas, Casino News, Gaming Law & Legislation, World Casino News, North America Casino News, Online gambling regulation, Gaming Industry News, Money Laundering, Casino moguls, European Casino News, Licensed online casinos in USA, Licenses, Online Gambling News, Sports betting, Mergers, Acquisitions & Partnerships, United Kingdom, Nevada
On Thursday, the Nevada Gaming Commission unanimously approved a gaming license for the British land-based and online sportsbook operator Entain Plc, which is also the 50-50 partner of MGM Resorts International...

Star Entertainment Collects $545M After Record Statutory Loss; Suspends Dividends

Marija Malenovic
Australia, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Economy/Finance, Money Laundering, Conferences / Trade Shows, Licenses, Taxation, Oceania Casino News, Crime, Licensing, Fines, Lawsuits & Litigation, Taxes, Financial Press Releases
Star Entertainment Group, one of Australia's leading gambling and entertainment companies based in Brisbane, has publicly announced that it is collecting AUD$800 million, which is approximately 545 million US d...

United Workers Union Calls on NSW Government to Negotiate Acceptable Casino Duty Rates

Radosav Milutinovic
Casino proposals, Australia, Casino News, Latest Casino and Gambling News, World Casino News, Casino project updates, Gaming Industry News, Money Laundering, Employment & Careers, Poker, Taxation, Oceania Casino News, Fines, Lawsuits & Litigation
An influential Australian trade union has signalized to the New South Wales (NSW) government that the state's intention to significantly increase casino duty rates from 1 July 2023 will result in lost jobs in t...

UKGC Issues Fine To Blue Star Planet

Marija Malenovic
Gaming Law & Legislation, Casino News, Latest Casino and Gambling News, Online gambling regulation, World Casino News, Money Laundering, European Casino News, Licenses, Crime, Licensing, Fines, Lawsuits & Litigation, United Kingdom
Blue Star Planet Limited, the Malta-based operator of the 10bet.co.uk website, has to pay a £620,000 fine to the UK Gambling Commission (UKGC) for breaching anti-money laundering laws and a lack of social respo...

SkyCity Entertainment Group’s Revenue Surged 167% After Post-Lockdown Recovery; SkyCity Adelaide faces money laundering charges

Marija Malenovic
Latest Casino and Gambling News, Australia, Casino News, World Casino News, New Zealand, Economy/Finance, Money Laundering, Conferences / Trade Shows, Oceania Casino News, Crime
SkyCity Entertainment Group, a flagship gambling and entertainment company based in Auckland, New Zealand, turned its previous temporary loss of $33.7 million into a profit of $22.8 million after its operations...