The Philippine Bureau of Internal Revenue (BIR) of has brought a tax evasion complaint against offshore gaming operator Hongsheng Gaming Technology Inc., alleging that the company failed to properly declare income and tax obligations over a three-year period. According to the tax authority, the case was filed with the Department of Justice (DOJ) on Aug. 6 and seeks to recover approximately ₱2.23 billion in alleged tax deficiencies. The investigation focused on Hongsheng’s activities from 2021 through 2023 and forms part […]

The post Philippine BIR Files Tax Evasion Case Against Hongsheng Gaming appeared first on World Casino News.

Former Supreme Court advocate and SCOTUSblog co-founder Tom Goldstein has been sentenced to six years in federal prison following his conviction on tax and financial crimes connected to years of high-stakes poker gambling. U.S. District Judge Lydia Kay Griggsby imposed the sentence on Friday in Greenbelt, Maryland, concluding a case that drew widespread attention within the legal community after allegations revealed a previously undisclosed gambling lifestyle involving multimillion-dollar poker games. Along with the prison term, Goldstein must serve five years […]

The post Tom Goldstein Receives Six-Year Sentence in Poker-Related Tax Fraud Case appeared first on World Casino News.

India’s largest listed gaming operator, Delta Corp, is once again embroiled in a legal battle with the authorities over alleged goods and services tax (GST) shortfalls. This week, the company revealed it has received notices demanding a total of INR 17.52 billion (approximately US$188 million) in tax payments for the financial year 2022-23. The demand stems from the Office of the Commissioner of Commercial Taxes in Goa, which claims Delta Corp and its subsidiary, Highstreet Cruises and Entertainment Pvt. Ltd., owe the […]

The post Delta Corp Faces GST Demands Totaling $188 Million appeared first on World Casino News.

A prominent attorney who once argued dozens of cases before the U.S. Supreme Court has been convicted on federal tax and fraud charges connected to millions of dollars in poker winnings. A jury in Maryland found Thomas Goldstein, co-founder of SCOTUSblog and a well-known Supreme Court litigator, guilty on 12 counts following a lengthy trial centered on allegations that he concealed gambling income and misrepresented financial information. Jurors delivered the verdict in federal court in Greenbelt after deliberating for about […]

The post Supreme Court Lawyer Convicted In High-Stakes Poker Tax Case appeared first on World Casino News.

Americans are wagering hundreds of billions of dollars each year with unregulated gambling operators, according to a new analysis from the American Gaming Association (AGA). The report estimates that $673.6 billion annually is spent through illegal channels, diverting significant economic activity from licensed operators and depriving states of critical tax revenue. While the expansion of regulated gaming has trimmed some market share from illegal operators in recent years—particularly in sports betting and iGaming—unregulated gambling still represents 31.9% of the total […]

The post Illegal Gambling Still Commands Nearly One-Third of U.S. Gaming Market appeared first on World Casino News.

In one of the largest takedowns of its kind in recent years, New Jersey authorities have charged 39 individuals, including known associates of the Lucchese crime family and an elected borough councilman, in connection with a sprawling illegal gambling and money laundering operation that generated millions in illicit revenue across North Jersey. Announced by Attorney General Matthew J. Platkin alongside the Division of Criminal Justice (DCJ) and the New Jersey State Police, the arrests stem from a two-year investigation into […]

The post New Jersey Councilman, Lucchese Crime Members Among 39 Charged in Gambling Ring appeared first on World Casino News.

Thomas C. Goldstein, a highly respected Supreme Court lawyer and co-founder of the popular legal blog SCOTUSblog, has been indicted on federal tax evasion charges in Maryland. Goldstein, who is known for his extensive experience before the U.S. Supreme Court, is accused of evading taxes by failing to report substantial gambling winnings and using his law firm’s funds to pay off personal debts tied to high-stakes poker games. The charges, filed on Thursday, highlight a multi-year scheme from 2016 to 2022 in which Goldstein allegedly diverted more […]

The post High-Stakes Lawyer Faces Tax Evasion and Gambling Debt Charges appeared first on World Casino News.

The potential closure of casinos in Corfu and Alexandroupoli appears imminent after Greek authorities seized the assets of their owner, Konstantinos Piladakis. The Anti-Money Laundering Authority issued the order, alleging that Piladakis concealed the beneficial ownership of entities Invictus and Glafka Capital, according to eKathimerini.com. This alleged misrepresentation reportedly misled credit institutions and nonperforming loan managers, including Sunrise II NPL Finance. The situation also affects the Rio casino near Patra, which has been shuttered since September 2023. Its closure followed […]

The post Closure Looms for Greek Casinos Following Asset Seizure appeared first on World Casino News.

Atlantic City’s premier casino, the Borgata, has recently made headlines for underpaying its internet gambling taxes twice, according to a recent Associated Press (AP) report. New Jersey regulators identified that the casino claimed nearly $15 million in excess credits, leading to a tax shortfall of $1.1 million. This discrepancy emerged from an improper allocation of credits intended for slot game bonuses to other types of games. The New Jersey Division of Gaming Enforcement (NJDGE) took firm action by ordering the Atlantic City casino, owned […]

The post Borgata Understatement of Gross Revenue Violations; Ordered to Pay $1.3 MIllion by NJDGE appeared first on World Casino News.

The Macau’s Court of Second Instance has officially absolved previous Suncity boss, Alvin Chau, and 6 other suspects in the fraud case, which involves finished and attempted crimes. Risen compensation: However, despite its decision, the said court risen the sum of compensation that Chau and the other suspects are required to pay to the Macau government for illegal gaming crimes and money laundering, which has come to almost HK$25 billion, which is US$3.2 billion. The aforementioned Alvin Chau, aka the […]

The post Macau’s Court of Second Instance Releases Alvin Chau Of Fraud; Orders Him To Pay Nearly US$3.2bln In Compensation appeared first on World Casino News.