Wynn Resorts Hit with $130 Million Settlement Over Money Laundering Allegations Wynn Resorts has found itself in hot water after a federal investigation revealed its involvement with unlicensed money transmitting businesses to circumvent financial regulations. Facing allegations of money laundering and misconduct, Wynn agreed to a staggering $130 million settlement, marking one of the largest […]
Macau Tightens Grip on Illegal Money Exchange with New Casino Law In a decisive move to safeguard its gaming industry, the Macau Government has announced the introduction of a new legal provision aimed at criminalizing illegal money exchanges within its casinos. This proposed legislation, if passed, will impose severe penalties, including up to five years’ […]
A Judicial Revolution: NJ and WA Pave the Way for Gambling Treatment Courts In a groundbreaking move, legislators in New Jersey and Washington are spearheading efforts to establish diversion courts specifically for individuals convicted of financial crimes linked to problem gambling. These proposed legal reforms aim to shift the focus from incarceration to rehabilitation, potentially […]