Financial Fraud

The Star Entertainment Group Limited suspends customer rebate program

In Australia and casino operator The Star Entertainment Group Limited has reportedly suspended a customer rebate program amid concerns that the scheme could potentially breach local rules to prevent money laund...

Sand Vegas Casino Club falls foul of Texas and Alabama securities regulators

Securities regulators in the southern American states of Alabama and Texas have reportedly ordered the blockchain-based cryptocurrency project at Sand Vegas Casino Club to cease selling non-fungible tokens. ...

Alvin Chau Cheok Wa to resign as boss of Suncity Group Holdings Limited

Following his arrest by police in mainland China over the weekend and Alvin Chau Cheok Wa (pictured) is reportedly set to stand down as Chief Executive Officer for Asian casino investor Suncity Group Holdings L...

Macau arrests eleven over illegal mainland gambling allegations

In Macau and the Judiciary Police has reportedly announced the arrest of eleven individuals for allegedly having ties to illicit gambling supposedly being conducted by local junket giant Suncity Group. Accor...

China reiterates nationwide cryptocurrency prohibition

The central bank for China has reportedly issued an official statement in order to remind citizens that it remains illegal to conduct transactions using a digital currency or engage in any form of cryptocurrenc...

China records significant increase in prosecutions of gambling-related crimes

In China and the Supreme People’s Procuratorate has reportedly announced that it prosecuted 46,575 people over the course of the first six months of 2021 for gambling-related crimes. According to a report fr...

Imperva Incorporated highlights ‘bot’ threat to British online sports bettors

American data privacy and cybersecurity solutions specialist Imperva Incorporated has reportedly announced that online sportsbooks in the United Kingdom recorded an up to a three-fold increase in ‘bot’-related ...

Indiana casino executive indicted on federal campaign fraud charges

In Indiana and a senior executive with the firm behind the under-construction Hard Rock Casino Northern Indiana has reportedly been indicted on federal charges that he helped illegally funnel campaign contribut...

China to intensify crackdown on illegal online gambling activities

Chinese law enforcement authorities are reportedly set to step up efforts at combating illegal cross-border online gambling as well as the underground banks and payment platforms that allow aficionados in the g...