Online gambling has become one of the worldâs most lucrative industries. Predictions say that by 2024 the revenues from this business will rise to a whopping $94.4 billion. Such a large money flow is opening a lot of opportunities for criminal activity, so anti-money laundering (AML) measures are forced on […]
The province of Manitoba announced its biggest lottery prize winner of CA$60 million had been claimed. John Chua is the lucky owner of the winning Lotto Max ticket that won him the mind-blowing CA$60,000,020. Mr. Chua explained how difficult it was for him and his family to realize that he […]
The ongoing investigation by the Cullen Commission on money laundering activities in British Columbia has taken another twist. From yesterdayâs hearing we learned that back in 2015, B.C. gambling executives could not agree on the proposed anti-money laundering measures in the fight with the alleged criminal activities on casinosâ premises. […]
The latest inquiry of the Cullen Commission heard that two British Columbia casino executives voicing their concerns about revenue drops to the BCLC amidst money laundering investigations by the Crown corporation. The first one was Rob Baker who was not-long ago CEO of Great Canadian Gaming, under which jurisdiction River […]
The British Columbia Lottery Corporation urges Canadian authorities to finally introduce legally single sports betting. The Crown Corporation believes that the legalization will be more than profitable with an estimated of around CA$125 to CA$175 million in additional revenue accumulated through brick-and-mortar casinos and online platforms. The extra revenue could […]
Ontario Racing announced on January 29, 2021, that Standardbred horse people will have the option to access funds that are available due to the Funding Agreement with Ontario Lottery and Gaming Corporation. This is considered as compensation for the suspension of the live racing in the Ontario province as a […]
The latest information that surfaced from last weekâs hearing of the Cullenâs Commission we learn that in 2015 the British Columbia Lottery Corporation rejected to follow anti-money laundering program. In order to keep revenue up and coming, the corporation did not comply with the provincial governmentâs proposed program to deal […]
It is no secret that Lotto 6/49 is a fan-favorite lottery game among Canadians, due to its more than generous rewards. But the British Columbia Lottery Corporation is still looking for the Lotto 6/49 ticket winner, who has not shown up just yet. He or she must collect their reward […]
Supreme Court Justice Austin Cullen was tasked with the responsibility of leading the public inquiry into money laundering, after three reports emerging of information of millions of dollars being laundered in real estate, luxury vehicles, and gaming industries. The topic of money laundering crime activities on casino premises has been […]
Last year has been very tough on gambling enthusiasts from all around the world, due to the government ordered lockdowns preventing land-based casinos from working. Forcing them to look for online alternatives, which as we all know are quite repetitive and not quite the actual thing. This is why Loto-QuĂ©bec […]
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