2301 stories by Erik Gibbs
US Sanctions Ex-Bulgarian Finance Minister For Gambling Favors
Vladislav Goranov, Bulgaria's former finance minister and a close confidant to former Bulgarian Prime Minister Boyko Borisov, has found himself in an unwanted spot. The US has added him to a sanctions list under the global Magnitsky Law for significant corruption tied...
Chinese National Heads to Prison After Singapore Gambling Scam
A Chinese national who scammed two people in Singapore out of millions of dollars was recently sentenced to 12 years in prison. During her sentencing, the presiding judge called 41-year-old Wu Hong a “heartless con artist” who led a fake investment scam...
Australian Judge Blasts AUSTRAC Over Crown Resorts Lawsuit
Australian casino operator Crown Resorts recently asked Australian Transaction Reports and Analysis Centre (AUSTRAC) for additional time to develop its defense, according to court documents. Now a federal judge has chided the financial watchdog over its continued foot-dragging in the lawsuit against...
UK Casinos Shut Down as Inflation Takes Toll on Gaming Industry
Inflation remains high in the UK, and the prolonged economic strain is taking its toll on the casino ecosystem. Two properties, the Broadway Casino in Birmingham and the Cornerhouse in Nottingham, recently announced their closures. One is already in administration, while the...
Philippine Human Trafficking Victims Return Home After Myanmar Gambling Scam
Authorities in the Philippines and Myanmar recently aided in rescuing eight Filipinos who were trafficked by Chinese criminal gangs. These individuals, which included four men and four men, were allegedly recruited to Myanmar for legitimate work, only to find themselves caught in...
Vietnam’s ‘Valley of Love’ Seeking Approval to Build Casino
Vietnam's most popular tourist destination, the city of Da Lat, is one of the few areas in the country absent of a casino. The region, also known as the "Valley of Love," is now planning to seek federal approval for a gaming...
Rio de Janeiro May See Regulated Sports Betting This Year
Brazil's federal government hasn't made much progress with sports betting legislation, so the states are picking up the slack. Rio de Janeiro is moving forward with its own plans, and wants to have a market in place within the next six months....
UK Gambling Commission Boss Rejects Claim Regulator is Forcing Affordability Checks
Recent reports have indicated that gamblers and bettors in the UK are required to submit more affordability checks at the insistence of the UK Gambling Commission (UKGC). However, the gaming regulator’s CEO, Andrew Rhodes, has rejected the idea that it’s responsible. Rhodes...
Star Entertainment Could Write-Down Up to $1.1B For Casino Failures, New Taxes
Australia's Star Entertainment predicts massive financial losses, but not just because it has to pay over AUD200 million (US$138.3 million) in fines. Part of the losses are because New South Wales (NSW) wants casinos to pay more taxes, which Star says will...
Delays, Pessimism Growing Over Japanese Integrated Resort, Unlikely Before 2030
With no news coming from Japan’s central government over the potential development of integrated resorts (IR), the casino operators waiting in the wings are getting a little jittery. MGM Resorts International, which wants a casino in Osaka, now believes an IR this...
