Tuesday, September 27, 2022


IPI says not part of US federal probe


Imperial Pacific International said the company is not part of an investigation into racketeering, harbouring illegal aliens and money laundering being carried out by the US Department of Justice.

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IPI execs face arrest after 71-count indictment


Two executives from Imperial Pacific International and one from its contractor MCC International face arrest if they return to U.S. soil after being indicted on 71 counts including, racketeering, international promotion of money laundering, harboring...

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MBS settles $6.5m lawsuit from former patron


Marina Bay Sands has agreed to settle a lawsuit from a Chinese gambler demanding S$9.1 million ($6.5 million), the South China Morning Post reports, citing a person familiar with the matter. 

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Cambodia submits casino regulation


Cambodia’s cabinet on Monday passed long-awaited draft legislation to cover its casino industry, according to reports in the Phnom Penh Post. 

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Marina Bay Sands under AML investigation


Marina Bay Sands is under investigation by the US Department of Justice over concerns that anti-money laundering regulations may have been breached on

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Cambodia cabinet meets on AML laws


Cambodia’s cabinet, lead by Prime Minister Hun Sen, reportedly met on Friday to discuss long-awaited laws on anti-money laundering, terrorism financing and counter-proliferation financing, The Phnom Penh Post reports. 

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Australia takes on sporting cheats, but global action needed


Australia is stepping up its game in seeking to stamp out match fixing, though the illegal gambling that underpins the problem is estimated to generate profits of at least $4.2 billion in just six jurisdictions and is growing much faster than legal wagering.

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UnionPay crackdown has minimal impact amidst illegal use


The seizure of UnionPay point of sale terminals (POS) from pawn shops in Macau earlier this month triggered a slide in operator shares on fears of tig

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IPI debt levels rise, construction woes persist


Imperial Pacific International is facing mounting levels of bad debt due to its practice of extending direct credit to VIPs, while it continues to struggle to make headway on completing its hotel facilities. Problems for Saipan’s only operator continue...

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Crown needs more supervision: VIC Auditor-General


Victoria’s gaming regulator has been slammed by the state’s auditor general for failing to keep close enough supervision of the Crown Casino in Me

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Rise in pokie spending could signal money laundering


A sharp rise in pokies spending in New Zealand has prompted calls for an investigation into whether there is a link to money laundering, local media r

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Legislative Assembly passes cash declaration bill


Macau’s Legislative Assembly (AL) has passed a bill that would require visitors to disclose cash holdings of more than MOP 120,000 (US$15,000) at en

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Casinos, a money laundering machine: Xenophon


Senator Nick Xenophon is pushing for a strengthening of Australia's money laundering laws after a Chinese-Australian businessman allegedly laundered A

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Regulators to focus on casino crime


Money laundering and transnational crime will be some of the key concerns for casino regulators in Asia, said Lee Tzu Yang, the chairman of the Casino

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Congress launches enquiry into Bangladesh bank heist


A US congressional committee has begun a probe of how hackers managed to divert $101 million from Bank of Bangladesh accounts held at the Federal Rese

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Star Casino at ‘major risk’ from organized crime


A former chair of the NSW Independent Liquor and Gaming Authority says Sydney’s Star Casino is at ‘major risk’ from organized crime after dramat

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Senate ends probe into Bangladesh Bank heist


The Philippine Senate has ended its investigation into the laundering of $81 million stolen from the Bangladesh Central Bank last Thursday, according

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UnionPay users asked to present ID


In the latest attempt to crackdown on money-laundering, Macau banks are requiring some merchants to upgrade Union Pay terminals to ones that contain I

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Change in the air for junket sector


Macau’s junket sector, which has been under pressure due to falling VIP revenue and a series of scandals, now faces government reform. As pressure mounts over compliance with anti-money laundering regulations, the sector is likely to face requirements...

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