21st December 2020
The number of cases of suspected match-fixing in esports has more than doubled in 2020 amid fears that Covid-19 has contributed to a surge in corruption in competitive video gaming. Criminal gangs – including mafia groups and Chinese triads – are among those orchestrating corruption in esports. Esports – competitive… Read More
14th December 2020
Crown Resorts faces a new shareholder class action alleging investors were misled and harmed by the casino giant’s dysfunctional governance which led to possible breaches of anti-money laundering laws. Shares in the James Packer-backed group fell 8 per cent on October 19, wiping $500 million off Crown’s market value,… Read More
2nd December 2020
Quebec’s finance minister has ordered an external and independent audit of the province’s casinos. The move comes after Quebec French-language news channel TVA’s investigative unit found Mafia leaders had received access to luxury perks through the Montreal Casino, including tickets to shows, meals and free hotel rooms. Finance Minister Eric… Read More
20th November 2020
Illegal gambling will continue to drive people to suicide and facilitate money laundering and match-fixing unless government action is taken, warns the Asian Racing Federation. In a research paper, the ARF’s anti-illegal betting task force outlines the widespread damage as illegal gambling grows at a quicker rate than the legal… Read More
20th November 2020
Crown Resorts cannot be trusted to hold the gaming licence for its new Sydney casino because it continually resisted warning signs money laundering was occurring at its Melbourne and Perth venues and had to be “led by the nose” to the “obvious” and “irresistible” realisation, an inquiry has heard. The… Read More
17th November 2020
Crown says it will stop dealing with any junket operators unless they are licensed, as unprecedented scrutiny of their use by three regulators puts pressure on the company’s casino licences and its share price. The decision, which Crown announced to the ASX on Tuesday morning, builds on the company’s move in… Read More
13th November 2020
Financial intelligence regulator AUSTRAC is preparing to unleash a wave of guidance including as many as five detailed risk assessments for banks and non-bank lenders and a new division that will engage directly with regulated entities and spell out what is expected of them. The enigmatic regulator is preparing as… Read More
13th November 2020
Daryl Tottenham, the man with oversight of anti-money-laundering programs in B.C. casinos, still can’t fathom why his predecessor went to the media. Tottenham told the Commission of Inquiry into Money Laundering in B.C. this week that his former supervisor Ross Alderson was suffering a mental breakdown and the whistleblower’s allegations… Read More
12th November 2020
Irish bookmaker Boylesports must pay a £2.8 million sterling (€3.14m) fine and abide by tougher conditions added to its licence, following an investigation by British regulators. Boylesports offers online betting to UK customers through a company called Boylesports Enterprise, which is licensed by that jurisdiction’s regulator, the Gambling… Read More
10th November 2020
Who owned 221b Baker Street, the London property that served as Sherlock Holmes’s fictional home, has been a mystery worthy of an Arthur Conan Doyle novel. For five years there has been speculation about the identity f the flat’s proprietor. The Times can now reveal that the building — along… Read More