Featured Gambling

Singapore: Syndicate member behind S$2.5m cross-border investment scam gets jail

A member of a syndicate linked to S$2.5 million worth of cross-border investment scams, perpetuated via shell companies with fake office fronts at Marina Bay Financial Centre, was given 12 years and one month’s jail on Monday (Apr 19). China national Wei Yong, 44, gambled away most of his criminal… Read More

Top racehorse owner Phoenix has prize money frozen

Phoenix Thoroughbreds, one of the biggest investors in Australian race horses, has had its prize money frozen in NSW and Victoria following allegations in a US court its founder was involved in money laundering. Racing NSW chairman of stewards Marc Van Gestel said the prize money would be set aside… Read More

Sixteen Hongkongers arrested in police swoop on bookmaking syndicate that laundered over HK$180 million in 10 months

Hong Kong police have arrested 16 people in a clampdown on a bookmaking syndicate which pocketed and laundered more than HK$180 million (US$23 million) in crime proceeds over 10 months. During the operation, officers froze bank accounts containing HK$6.8 million they suspected the gang bagged through illegal gambling business. According… Read More
14th April 2021
Macau has moved a step closer to the potential introduction of a digital currency as it seeks to better combat money laundering and tax evasion in the world’s biggest gambling hub. The government plans to amend laws to regulate the issuance of a virtual legal tender, Chief Executive Ho Iat… Read More
12th April 2021
Western Australia’s royal commission into Crown Resorts has commenced, with chairing commissioner Neville Owen declaring the inquiry will examine “grave matters of private and public interest”. The first royal commission called in the state in 20 years, which has been named the Perth Casino Royal Commission,… Read More
8th April 2021
Staff at Italy’s national lottery hacked into company computers to identify winning numbers and claim €24 million for friends and family, police said. Luxury cars, villas, cash and shares have been seized after employees acquired enormous wealth while managing the popular scratch-and-win card scheme, which has paid out €90 billion… Read More
30th March 2021
Philippines billionaire Enrique Razon was sued in New York by a company that claims the tycoon illegally terminated an agreement to operate a Manila casino and is hiding assets in the U.S. to avoid paying an arbitration award. The suit, filed Monday in federal court in New York by Global… Read More
29th March 2021
Crown Resorts Ltd. is on course to be reinstated as a Sydney casino operator this year, just months after a regulatory report found the company facilitated money laundering at its other properties and needed a comprehensive overhaul. Philip Crawford, chairman of the Independent Liquor and Gaming… Read More
29th March 2021
Las Vegas Sands Corp. set up a special committee to look into potential breaches of anti-money laundering procedures at its Singapore casino, which has already been the target of probes by U.S. officials and local police. The committee of three independent board members is reviewing money transfers among high-rollers… Read More
29th March 2021
Malta’s anti-money laundering regime has been given the thumbs up by Moneyval ahead of a final vote set for next month. The decision means Malta could avoid measures which would have had major repercussions on the country’s financial services sector. A Council of Europe anti-money laundering expert committee, known as… Read More
25th March 2021
Brexit is a “massive opportunity” for criminals, a webinar on serious and organised crime in the UK and Ireland was told on Wednesday. Professor Gloria Laycock, of University College London, made the remark when saying she believed the UK leaving the EU was among the issues that those concerned… Read More
25th March 2021
The Crown Resorts royal commission in Victoria will probe deeper into whether money laundering is still happening at Crown’s flagship casino at Southbank in Melbourne, said the inquiry head, former Federal Court judge Ray Finkelstein, QC. Commissioner Finkelstein said he was concerned the gambling giant had not faced up to… Read More
22nd March 2021
James Packer’s Crown Resorts empire told its employees to use codewords when discussing its operations in China as part of efforts to avoid a crackdown on gambling by authorities, according to court documents. The codewords were allegedly used as part of efforts by Crown to conduct its operations in… Read More