Sunday, December 5, 2021

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Suncity head accused of being in a criminal ring, illegal gaming, money laundering

The Macau government has said that Suncity Holdings Chairman Alvin Chau is being investigated on suspicion of being in a criminal ring, running illegal gaming activities and money laundering.

Crown facing new money laundering scandal

Crown Resorts is facing a new money laundering scandal, linked to its practice of accepting credit card payments in exchange for gaming chips or cash via its hotel desk at its Crown Melbourne property between 2012 and 2016.

CNMI rep concerned about igaming money laundering

CNMI lawmaker Rep. Tina Sablan wants further investigation into the prospect of allowing online gaming in the CNMI, citing concerns it could open the island up to money laundering. 

Royal Commission hears of Crown inaction on money laundering

Further damaging allegations about Crown Resorts' business practices are emerging from a Royal Commission inquiry in Victoria, which heard the company sat on recommendations to investigate money laundering for more than a year without acting.

LVS committee to probe money laundering protocols at MBS

Las Vegas Sands has set up a special committee to review AML controls at its Marina Bay Sands casino in Singapore and has hired U.S. law firm Vinson & Elkins LLP to assist.

Australia seeks extradition of Crown money laundering suspect

An alleged international drug boss suspected of laundering millions of dollars through gaming giant Crown Resorts has been arrested in Thailand, where he is fighting efforts to be extradited to Australia.

Your Daily Asia Gaming eBrief: Crown admits money laundering

After months of adamant denials, Crown Resorts unexpectedly admitted to New South Wales regulators late at night that its VIP services had indeed probably been used for money laundering. Coming after so many other damaging revelations about company management, the firm was forced to announce that its gaming facilities at Crown Sydney would not be opening as planned in December. Meanwhile, in Saipan, the CEO of Imperial Pacific International is now facing demands that he be put in jail due to the firm allegedly “growing comfortable” with defying court orders. We also take a closer look at how finance is increasingly seen as the best prospect for Macau diversification and, in our Nippon Weekly, we lay out what to expect next year in Yokohama’s IR development battle.

Crown delays Sydney debut after money laundering admission

Crown Resorts will not be opening its A$2.2 billion Sydney casino in December and will need to wait until February before it hears whether it will retain its license, which was thrown into further doubt after a last-minute admission of money laundering.

Crown drops money laundering bombshell

In an 11th hour admission, Crown Resort told a suitability inquiry in Sydney that it was possible that money laundering had likely taken place in its casinos through accounts set up for VIP players.

Crown chair concedes ineptitude may have lead to money laundering

The series of embarrassing revelations from a suitability probe in Sydney continue, with Crown Resorts Chair Helen Coonan admitting the company may have enable money laundering through "ineptitude."