Thursday, October 29, 2020

China signals online gambling crackdown via digital currency policies

The Chinese government is signaling its intention to use its digital currency policies as a tool to crack down on illegal online gambling. China Drafts...

Revealed that IPI filed no approved resort construction plan

In the latest twist in the Imperial Pacific International saga, it has been revealed that the local authorities allowed construction of the Saipan casino resort without providing approved construction plans.

Hyderabad police accuse Chinese online gambling firms of hardball tactics

The Hyderabad police report that Chinese companies engaged in illegal online betting have been diverting money to app-based financing firms which aggressively pursue defaulters.
Puducherry government urges blanket ban on online gambling

Puducherry government urges blanket ban on online gambling

The Puducherry union territory government has urged the union government to ban online gaming platforms and mobile apps, describing it as a necessity to protect the mental health of vulnerable people.

IPI claims overcharge of government fees

Imperial Pacific International has claimed that it has been and is being overcharged by the CNMI government when it is being made to pay a US$3 million casino regulatory fee on top of the US$15 million casino license fee.
Victoria gaming regulators under increased scrutiny

Victoria gaming regulators under increased scrutiny

While it may be the executives of Crown Resorts that are squirming in their chairs under questioning these past weeks at the Sydney probity hearings, the revelations are also casting a harsh light upon the failures of the regulators in a neighboring state, the VCGLR.

Pacific Rim wants to force IPI to sell its gaming machines

Pacific Rim Land Development has issued a motion asking the US District Court for the NMI to authorize it to auction Imperial Pacific International’s assets to satisfy the US$5.5 million balance due on a civil judgment.

Dream11 beats legal challenge in Rajasthan

Prominent fantasy sports operator Dream11 has beaten another legal challenge in India, this time in the large northwestern state of Rajasthan. Once again, its services were protected by a ruling finding it to be a game of skill and not a game of chance.

Chinese arrested for operating online gambling in Malaysia

Forty-eight China nationals suspected of operating online gambling from three condominium units in Kuala Lumpur were arrested on October 16.

AUSTRAC delivers notice to Crown Resorts on possible AML breaches

Australian Transaction Reports and Analysis Centre (AUSTRAC) has delivered formal notice to Crown Resorts that it has identified potential non-compliance at the firm with its responsibilities in relation to anti-money laundering rules.

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Asia turns up heat on online gambling

Singapore police have busted at least two illegal gambling operations in the past week, while across Asia authorities have moved to stamp out illicit activities, from raids on premier league matches in India, to illegal number forecasting in Malaysia.
Puducherry government urges blanket ban on online gambling

Puducherry government urges blanket ban on online gambling

The Puducherry union territory government has urged the union government to ban online gaming platforms and mobile apps, describing it as a necessity to protect the mental health of vulnerable people.

Australia turns up the heat on gambling companies

Australia is again turning up the heat on gambling companies, this time with a bill that will make them responsible to compensate victims of players who used funds obtained illegally.

Macau inward investment jumped 168% in 2019

Information from the Statistics and Census Service shows that inward direct investment flows into Macao jumped by 167.8 percent year-on-year to MOP 53.99 billion ($6.7 billion) in 2019. Analysed by industry, inflows of direct investment in the Gaming sector and Financial Activities totalled MOP 43.31 billion and MOP 8.52 billion respectively.

Sikkim/Goa casinos to open from Nov. 1

Delta Corp shares surged after it said its casino in Sikkim would reopen from Nov. 1, whilst casinos in Goa are also expected to reopen from the same date.