5353 stories by Casino.org Staff Writer
FIFA Admits to World Cup Bribes, Still Demands “Tens of Millions” From US Authorities
You have to admire FIFA’s chutzpah. The soccer world governing body admitted this week that previous World Cups were awarded to their host countries not on merit, but on the degree to which its officials’ pockets were lined with bribes and kickbacks....
Amazon Gift Cards Used to Launder Money to Offshore Gambling Site, Homeland Security Pushing for Seizure Warrant
Amazon gift cards make great gifts due to the wide array of products the Amazon website offers, but one unintended destination they're also being used for is to fund an illegal online gambling site. According to a filing by the US Department...
Caesars Faces Billions in Claims, Investigation Finds Evidence of Private Equity Asset-Stripping
Caesars could face billions of dollars in potential damages in relation to its bankruptcy restructuring, according to the recommendations of a court-ordered examiners’ report, published Tuesday. The company is seeking chapter 11 bankruptcy for its chief operating unit, CEOC, in an attempt...
North Jersey Casino Expansion Will Go to Public Ballot November 8
The topic of North Jersey casino expansion is going to the people: New Jersey residents will vote November 8 on the controversial question of casino expansion beyond Atlantic City in their state. Both houses voted overwhelmingly in favor of a bill which...
Philippines SEC Calls for Casinos to Fall Under Anti-Money Laundering Legislation Following New York Fed Cyber Heist
Philippines Securities and Exchange Commission (SEC) Chairwoman Teresita Herbosa said this week that her country needs to expand its current Anti-Money Laundering Act (AMLA) to provide investigative authorities with additional resources and research powers. Specifically, Herbosa says casinos need to fall under...
NCAA March Madness Tournament Field Set, 70 Million Brackets Expected to Be Completed
NCAA March Madness is finally here. 68 total teams are making their way to five locations spread across the United States for the shot at making history for their respective universities. The tournament officially begins on Tuesday and Wednesday with the First...
DraftKings Rescues Stricken FantasyHub, Honors Player Balances
Draftkings will pay hundreds of thousands of dollars owed to DFS players by the ailing FantasyHub, the company has announced. FantasyHub was an Austin, Texas-based DFS start-up, which as its USP allowed its customers to donate a portion of their winnings to...
African Gambling Conference Highlights Continent’s Massive Potential Growth
The African gambling market is currently in the midst of a continental boom. From traditional land-based casinos to Internet gaming, multiple countries located on the world's second-largest continent are now catering to the gambling demographic through various means. Though its difficult to...
New York Federal Reserve $1 Billion Cyber Heist Thwarted by Spelling Error, While Casinos Allegedly Helped Funnel $81 Million
The New York Federal Reserve was in the midst of approving a series of what seemed to be authorized transfer requests by the Bangladesh central bank when it came to light that cyber hackers were the ones scheduling the financial activity. If...
Atlantic City Could Go Broke Before End of March, Warns Moody’s
Atlantic City could go bust within weeks, Moody’s Investment analysts have warned, noting that the city faces bankruptcy unless the State of New Jersey is allowed to intervene. Moody’s said that “drastic action” is needed to prevent the seaside resort from defaulting. The analyst...
