Economy/Finance

Team King Finalizes IPI Casino Asset Purchase Amid Lingering Questions

Johnny K.
Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Economy/Finance, Asian Casino News, Bankruptcy, Northern Mariana Islands, Fines, Lawsuits & Litigation
The sale of Imperial Pacific International’s (IPI) Saipan casino assets has officially closed, marking a major milestone in a bankruptcy process that has stretched on for over a year. Team King Investment (CNMI...

South Korea Busts $71.5M Gambling Fund Transfers to Philippines

Vanja Mitic
Latest Casino and Gambling News, Gaming Law & Legislation, Gaming Industry News, Mobile gaming, Economy/Finance, Online Gambling News, Crime, Fines, Lawsuits & Litigation, Financial Fraud, South Korea
South Korea’s customs authorities have broken up a major illegal remittance scheme that funneled massive sums of money overseas to support gambling activities in the Philippines. The Korea Customs Agency (KCA) ...

Charity CNE Casino Challenges $199K Anti‑Money Laundering Fines

Vanja Mitic
Gaming Law & Legislation, Latest Casino and Gambling News, Online gambling regulation, Canada, World Casino News, Gaming Industry News, Economy/Finance, Fines, Lawsuits & Litigation
A charitable gaming operation held at Toronto’s Canadian National Exhibition (CNE)—known as the CNE Casino—has initiated an appeal in Federal Court after being penalized nearly $200,000 by the federal anti‑mone...

New Jersey Sets $606M July Gaming Record, Enacts Sweeps Ban

Vanja Mitic
Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Economy/Finance, Mobile gaming, Licensed online casinos in USA, Sports betting, Online Gambling News, Financial Press Releases, New Jersey
New Jersey’s gambling market delivered another milestone in July, recording more than $606 million in total revenue, while lawmakers simultaneously tightened regulations with a new law banning sweepstakes casin...

Philippine Central Bank Orders E-Wallets to Cut Online Gambling Links in 48 Hours

Johnny K.
Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Online gambling regulation, Gaming Industry News, Economy/Finance, Online Gambling News, Asian Casino News, Philippines
The Philippine Central Bank, Bangko Sentral ng Pilipinas (BSP), has directed all electronic wallet operators to strip their platforms of direct links to online gambling sites within 48 hours — a timeline that h...

Regulator Fines BlueBet Over VIP Gambler Losses and Missed Red Flags

Vanja Mitic
Australia, Online gaming software, Latest Casino and Gambling News, Gaming Law & Legislation, Online gambling regulation, Gaming Industry News, Economy/Finance, Mobile gaming, Online Gambling News, Fines, Lawsuits & Litigation
The Northern Territory Racing and Wagering Commission (NTRWC) has penalised bookmaker BlueBet for “serious” breaches of responsible gambling obligations, finding that the company repeatedly incentivised a high-...