Vietnam’s police have dismantled a massive international money laundering operation, arresting five individuals and seizing vast amounts of illicitly obtained funds. The operation, which ran from 2022 to 2024, is reported to have funneled $1.2 billion (approximately 30,000 billion dong) into the country, much of it sourced from online fraud and international gambling. Authorities uncover widespread scheme: The criminal
Casino News
Genting Malaysia Bhd (GenM) is set to see improvements in its financial performance with the partial reopening of its Hollywood Casino at Resorts World Genting, located in the highlands of Genting. According to Phillip Capital Research, the company has restarted operations in less than a third of the former Genting Casino’s floor space, with plans
Michigan’s online gambling industry hit unprecedented heights in 2024, as commercial and tribal operators collectively generated a remarkable $2.9 billion in gross receipts from iGaming and sports betting. This figure marks a 23.8% increase from the previous year, further cementing Michigan’s status as a major hub for online gaming. Notably, iGaming was the clear frontrunner, accounting for $2.4 billion of
NOVOMATIC AG has taken a major step toward expanding its presence in Europe by signing an agreement to acquire the French casino group Vikings Casinos SAS. The acquisition, subject to regulatory approvals and customary closing conditions, aligns with NOVOMATIC’s long-term international growth strategy. Vikings Casinos, headquartered in Falaise, operates a network of eleven land-based casinos
A proposed casino in Tysons, Virginia, is facing strong opposition from a coalition of former intelligence and defense officials, who argue that its proximity to key government agencies could pose significant national security threats. The group, known as National Security Leaders for Fairfax, recently sent a letter to state and local officials highlighting concerns over
After almost 10 weeks of striking, workers at Virgin Hotels Las Vegas have reached an agreement with the casino, bringing an end to one of the longest labor disputes in the city in over a decade. The Culinary Workers Union Local 226 and Bartenders Union Local 165, which represent about 700 employees, announced Wednesday that they had ratified a new
Aristocrat Gaming has officially launched its popular NFL-themed slot machine franchise outside of the United States, bringing excitement to Puerto Rico with the introduction of the NFL Triple Score game. This marks a significant milestone for the company, which first introduced the NFL Slots portfolio in North America. The game debuted in Puerto Rico on January 22, 2024, at Casino del Mar in
Thomas C. Goldstein, a highly respected Supreme Court lawyer and co-founder of the popular legal blog SCOTUSblog, has been indicted on federal tax evasion charges in Maryland. Goldstein, who is known for his extensive experience before the U.S. Supreme Court, is accused of evading taxes by failing to report substantial gambling winnings and using his law firm’s funds to pay
Virginia lawmakers have decided to delay discussions on a bill that would legalize online gambling in the state. Senate Bill 827, introduced by Senator Mamie Locke, D-Hampton, aimed to allow the Virginia Lottery Board to issue licenses to operators for online casino gaming. The bill, which was initially set to be reviewed by the Senate Subcommittee on Gaming earlier this week, has
Penn Entertainment has officially launched ESPN Bet in Washington, D.C., extending its rapidly growing sports betting platform to yet another key market. The announcement of this launch marks the company’s entry into its 20th U.S. jurisdiction, reflecting the ongoing success of its partnership with ESPN. A seamless betting experience for D.C. sports fans: Through the collaboration between Penn Entertainment and
Flutter Entertainment, the parent company of Paddy Power and FanDuel, is reportedly exploring the possibility of submitting a bid for Italy’s national lottery license. The Italian Agency for Customers and Monopolies (ADM) recently opened the bidding process for the nine-year contract, which carries an estimated gross value of €4.3 billion. The minimum bid requirement has
The United Kingdom Gambling Commission has issued a strong warning to the gambling industry following the discovery of licensed casino games being made available on unregulated websites targeting British consumers. The regulator has emphasized the urgency of addressing this issue to safeguard consumers and uphold regulatory standards. The Commission has highlighted the significant risks posed
Queensland Premier David Crisafulli has voiced deep concerns over Star Entertainment’s failure to honor its commitments in the state, particularly regarding the Queen’s Wharf development in Brisbane. As the company grapples with significant financial difficulties, Crisafulli is considering whether any form of government support, such as tax relief, could keep Star’s operations afloat. However, he has made it clear that any
The integrity of college basketball betting is under scrutiny as several men’s basketball games involving Eastern Michigan have been flagged for suspicious wagering activity. Most notably, a recent game between Eastern Michigan and Central Michigan on January 16 has caught the attention of betting integrity firms after unusual gambling patterns were identified. Integrity Compliance 360 (IC360), a leading sports betting monitor, issued an alert
China’s Supreme People’s Court (SPC) has reinforced its commitment to combating cross-border gambling, urging stricter penalties for those involved in organizing illicit gambling activities abroad. The court’s latest directive highlights a growing concern over the increasing prominence of overseas casinos targeting Chinese citizens. With technological advancements and the growth of the internet, these foreign gambling operations have become more enticing,
In 2024, Virginia’s three casinos posted impressive gains, with a total of nearly $732 million in adjusted gaming revenues (AGR), marking an almost 32% increase from the previous year. The state’s gambling sector, consisting of Rivers Casino Portsmouth, Caesars Virginia in Danville, and Hard Rock Hotel & Casino Bristol, has shown strong growth. Rivers Casino Portsmouth led the charge, surpassing its competitors in
The UK’s Financial Reporting Council (FRC) has launched an investigation into the auditing practices of KPMG, the Big Four accounting firm, with regard to its audit of Entain plc’s financial statements for the year ending December 2022. The investigation, which was confirmed in a statement released on January 20, 2025, focuses specifically on KPMG’s role in examining the gambling giant’s
This week slot developer, Nolimit City, have trailed a sequel to their hit wild west game, Tombstone RIP. The grisly new slot, titled Tombstone Slaughter: El Gordo’s Revenge, is due for release on 28th January 2025 and smashes its predecessor’s max win to establish a new record of 500,000x. That means players will be able
The Philippine Amusement and Gaming Corporation (PAGCOR) has announced a further reduction in Electronic Games (E-Games) fee rates, bringing them down from 35% to 30% effective January 1, 2025. This decision is part of PAGCOR’s broader initiative to curb illegal gambling and stimulate growth in the regulated sector. According to PAGCOR Chairman and CEO Alejandro
SJM Resorts, S.A. has announced an upcoming salary increase for its employees, set to take effect on April 1, 2025. The pay raise will apply to nearly 99 percent of the company’s workforce, according to a company statement cited by Macau Business. Under the new structure, employees with a monthly salary of MOP16,000 (approximately US$1,993)