Financial Fraud

MGM Springfield Reaches $6.8 Million Settlement Agreement With The State

MGM Springfield reached a $6.8 million settlement with the Attorney General's Office over the allegations that the company committed wage and hour violations to impact 2,036 workers. As Boston Herald reports, t...

New Step In Ongoing Battle: Cipriani Files Federal Lawsuit Against Resort World Las Vegas And Scott Sibella

One player’s long-running battle with Resorts World Las Vegas came to a new level on October 9, as a legal action was submitted in U.S. District Court charging the firm and its previous chairman of lack of care...

EveryMatrix Partners With U.S. Integrity To Detect Betting-Related Fraud and Corruption

EveryMatrix, a leading technology supplier to the iGaming industry, has partnered up with U.S. Integrity (USI), a prominent sports betting monitoring company. The B2B partnership will see the provider's data co...

Resorts World Las Vegas CEO Scott Sibella Out After Breaching Company Policy

As reported by the Daily Mail, Scott Sibella, the chairman of Resorts World Las Vegas, has been sacked following the supposed breach of policies of the aforementioned deluxe casino and hotel, which was validate...
pagcor

PAGCOR’s Chairman and 9 Other Members Face Serious Allegations over the Missing Money

PAGCOR (Philippine Amusement and Gaming Corp.) is one more time in the middle of the scandal, which occurred when its chairman and nine other members were accused of graft.? The missing money: The Office ...

State Representative Involved in Gambling Industry and Criminal Investigation

Republican Laurie Sanborn of Bedford, Massachusetts, resigned as a chair of the committee reviewing the state's charitable gaming industry. According to Associated Press (AP), the chairperson and her husband, f...

Major Macau Casino Incurs $727k Loss Due to Counterfeit Chips

On August 21, 2023, one of the most prominent casinos on the Cotai Strip in Macau suffered a loss of HK$5.7 million (US$727,000) after a criminal group used fake chips to gamble in the casino. The group of eigh...

OpenBet Acquired Neccton to Improve Sport Betting Player Protection

A prominent software developer and content provider, OpenBet, has completed the acquisition of a leading wagering technology provider Neccton. OpenBet, as a part of the global Endeavor network, will use the acq...

Pagcor Bans New Offshore Operators After Recent Misconduct Warning

Following the recent gaming license, and provisional accreditation cancellations of offshore gaming hubs in the Clark Freeport Zone by the Philippine gaming regulator, the Clark Development Corporation (CDC) ha...

Macau Gaming-Related Crime Rate Increased 24% in Q1 2023

The Office of the Secretary for Security of Macau presented the statistics indicating that the popular gaming destination recorded 158 cases of crime related to gaming operations in the first quarter of 2023. T...

PAGCOR Cancels Gaming License of CGC Technologies, Operator Faces Criminal Charges

As Inside Asian Gaming reports, the Philippine Amusement and Gaming Corporation (PAGCOR) said that it has cancelled the accreditation of CGC Technologies Inc, a Philippine offshore gaming operator (POGO). Accor...

Gibraltar Court Issues Freezing Order on Former Mansion CEO’s Assets Worldwide

Karel Christian Ma?asco, former CEO of the Gibraltar-based gaming firm Mansion, has faced a five million pound freezing order from the Chief Justice ruled against Ma?asco's assets worldwide. Claim for damage...