The unprecedented volume of questionable monetary transactions at casinos has sparked demands for the province to enhance investigations into the origins of these suspicious funds. Just as the US has the Bank Secrecy Act, which obligates financial institutions and cash-intensive businesses to file a suspicious activity report (SAR) when they suspect customers are attempting to […]
During one of President Andrés Manuel López Obrador’s regular morning conferences, details regarding the installation of new casinos were disclosed, providing an opportunity for the government to address the current situation and provide clarification. With an eye toward the upcoming 2024 presidential elections, the government openly highlighted the shortcomings in the management of gambling hall […]
The man accused of manipulating an electronic roulette wheel at the Tropical Casino in Bayamón and receiving USD 43,510 in illegal prizes has been charged by the Economic Crimes Division of the Department of Justice. Edmanuel Victoria, identified by Secretary Domingo Emanuelli Hernández, is facing two counts of fraud and two counts of aggravated illegal […]
The recent decision by the Supreme Administrative Court has the potential to allow gaming operators to recover penalty fees paid to Sweden’s regulator. Although the court upheld Spelinspektionen’s penalization of an online casino operator, it ordered a recalculation of the penalties. Genesis Global was initially fined SEK 4m (€360,000) by Spelinspektionen for failing to integrate […]
Ibox Bank has lost a legal case against the Ukrainian Gambling and Lottery Regulation Commission (KRAIL) regarding the cancellation of its gambling license. The bank had challenged KRAIL’s decision after a criminal conspiracy was uncovered by the Economic Security Bureau of Ukraine (ESBU). According to the financial watchdog, over 20 Ibox subsidiaries and multiple gambling […]
Several Danish athletes have been awarded compensation by the Maritime and Commercial High Court of Denmark after their names and images were used without permission by bet365 in its marketing. Hillside, the owner of bet365, has been instructed to pay a total of DKK4.7m (€631,000) to the affected athletes. During the period from February 21, […]
Kho Bin Kai, who was previously married to the daughter of Peter Lim, the owner of LaLiga soccer club Valencia CF, is facing legal issues in Singapore. According to Channel News Asia, he has been sentenced to a few years in prison due to his association with a syndicate that runs various illicit gambling websites. […]
In the wake of a raid on a business processing company suspected of illegal activities, the Philippine Amusement and Gaming Corp. (PAGCOR) and the Department of Justice (DOJ) have declared a review of licenses granted to Philippine offshore gaming operators (POGOs). Local media reports suggest that Colorful and Leap Group, located in the Clark Freeport […]
In a bid to combat illegal gambling within the country, the national gambling regulatory body, Spelinspektionen, is set to enhance its partnership with the Financial Supervisory Authority (Finansinspektionen). The government is of the view that closer collaboration between the two entities would bolster oversight over gambling transactions. Earlier this year, the government acknowledged that Spelinspektionen […]
Ahead of its grand opening on January 23, 2023, patrons were seen standing in a line outside Rivers Casino Portsmouth. However, the Virginia casino has now agreed to pay the state a sum of $275K, following three allegations of compliance breaches. Under Virginia’s 2020 commercial gaming bill, the Virginia Lottery Board is responsible for all […]