2301 stories by Erik Gibbs
Casino Malta Hit With Big Fine for Money Laundering, Financial Crimes
Eden Leisure Gaming, which operates Casino Malta, has been fined €233,000 (US$246,886) after the country’s Financial Intelligence Analysis Unit (FIAU) found the operator wasn't following anti-money laundering (AML) and due diligence rules. Allegations also include bribery and tax evasion, according to reports...
William Hill Regulatory Failures in the UK Could Set a New Record for 888
Making a deal to purchase William Hill's non-US gambling assets from Caesars Entertainment might be a nightmare for new owner 888. The bookmaker, one of the largest companies of its kind in the world, is facing one of the largest fines in...
Online Casino Operator Challenges Netherlands Gaming Regulator’s Big Fine
Kansspelautoriteit (KSA), the Netherlands’ gaming regulator, recently went after five unlicensed gaming companies for operating in the country. Despite hefty fines, one offender is prepared to fight. KSA announced recently that it plans to levy fines on Videoslots, N1 Interactive, Betpoint Group,...
Spain’s Rash of Violent Gambling Hall Robberies May Be Nearing an End
A wave of robberies that Murcia, Spain, has been suffering for months entered a new chapter on Tuesday. Thieves hit three gambling halls in different parts of the region, but it wasn’t long before the police were able to throw a net...
Australia’s Financial Crime Watchdog Ready to Clamp Down on Gambling Industry
The Australian Transaction Reports and Analysis Centre (AUSTRAC), the country's financial crime watchdog, is constantly looking for ways to prevent fraud and money laundering. It has increased its focus on the gaming industry over the past year, and now believes the scope...
European Gaming and Betting Association Lays Out New AML Protocols
Preventing money laundering remains a priority in the global gaming ecosystem. Gaming and financial regulators constantly develop protocols to counter the threat, but gaming industry insiders do their part as well. The European Gaming and Betting Association (EGBA) is among them, publishing...
Germany Grants LeoVegas Nationwide Online Slot License
Gaming operator LeoVegas recently received a new license that could be a game changer for the company and the market. The company can now offer and market online slots across Germany. The country’s Joint Gambling Authority (GGL, for its German acronym) recently...
Sony Faces Austrian Loot Box Gambling Fine In Judge’s Ruling
An Austrian court judge recently decided that the Ultimate Team player packs in FIFA 23 constitute as gambling. Now Sony is going to have to break out its wallet. Late last week, a judge ruled that the Ultimate Team packs are a form...
South Korea’s Casinos See Revenue Rebound in Latest Financial Report
After the lull COVID-19 brought to the region, South Korea's foreigner-only casinos continue to see revenues rise. Grand Korea Leisure (GKL) indicated that its February sales were slightly over KRW36.77 billion (US$28.3 million) in its latest financial update last Friday. This was...
Andorra Getting its First Casino, Doors Opening This Week
Nestled between Spain and France, the tiny microstate of Andorra seems almost imperceptible on a map. But gambling might help put it on the map. The landlocked territory of 80K people is getting its first casino. Considered the first large casino in...
