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Philip Conneller
4211 stories by Philip Conneller
Macau to Unveil Prototype Digital Currency by Year’s End
Macau will develop a prototype “digital Macau dollar” by the end of the year, according to the Special Administrative Region’s (SAR) monetary authority (AMCM). The currency is likely to mirror the so-called “digital yuan,” also...
Former John Kerry Advisor Arrested After $150M Casino Check Bounced
A politically connected investor was detained in Nantucket, Mass. on Friday in connection with a $1.5 million bad check he allegedly handed to a Las Vegas casino. The arrest of Daniel Burrell, a former senior...
British Columbia Wants to Seize Alleged Casino Money Launderer’s $880K
Authorities in British Columbia have applied to seize CA$880K (US$650k) from an accused triad that's suspected of laundering money through casinos in Canada, the CBC reports. Tujie Lai claims to have become a multimillionaire through...
Denver Man Convicted of Illegal Gambling Racket that Used Sham Crypto
A federal jury in Denver has convicted a local man of running an illegal gambling business that employed a fake cryptocurrency to conceal the exchange of gambling credits for cash. Jonathan Arvay, 38, was found...
Colossus Bets in Gambit to Usurp the Tote at UK Racetracks
Online parimutuel betting company Colossus Bets has launched a bid to usurp the Tote’s longstanding position at UK racetracks. Sources who spoke to The Telegraph said that Colossus has approached the country’s 59 tracks, more...
NagaWorld Employees Will Continue Labor Fight, Vows Freed Union Leader
A Cambodian trade union leader released from prison this week after serving 15 months for organizing a strike at the NagaWorld casino resort in capital Phnom Pehn has vowed to continue her fight. Chhim Sithar...
$2.7B Kindred Group Takeover by French Lottery Giant FDJ Approved — With Caveat
French antitrust regulators have approved the proposed $2.7 billion acquisition of Stockholm-listed online gambling giant the Kindred Group by Française des Jeux (FDJ), France’s lottery monopoly. However, regulator l’Autorité de la Concurrence (the Competition Authority)...
$7M Mitt Romney Bet Highlights Dangers of US Election Wagers, CFTC Warns
The Commodities and Futures Trading Commission (CFTC) on Monday cited a $7 million bet on Mitt Romney to win the 2012 presidential election as an example of how results could be manipulated if the US...
Resorts World Genting Threatened With Shutdown by Malaysia Islamic Party
Malaysia’s largest political party says it would shut down the country’s only casino if it gains power in Pahang state, home to the sprawling Resorts World Genting. The Malaysian Islamic Party (Parti Islam SeMalaysia -...
Hawthorne Race Course Denies Running Sick Horses to Boost Betting Numbers
The Hawthorne Race Course near Chicago has denounced a RICO lawsuit brought by a former board member that accuses it of racing sick and injured horses, describing it as “false and misguided.” The complaint, filed...
