The Canadian province of British Columbia may lose as much as CA$47 million annually from its budget if the interim ban on high-stakes table games remains. The proposal is part of the measures taken to combat money laundering in the wake of allegations of irregularities at Richmond’s River Rock Casino. […]
An investigation conducted by the Canadian Postmedia Network revealed most of the high-value cheques the British Columbia Lottery Corporation (BCLC) issued to its VIP patrons in 2016 did not result from their gambling winnings. The local media company’s examination tackled the way cheques were disbursed from the non-cash gaming fund […]
David Hair from London, Ontario, who has pleaded guilty to operating illegal sports gambling scheme was jailed yesterday. In January this year, the 50-year-old man appeared in Ontario Superior Court and admitted that he was illegally bookmaking for Platinum SportsBook, a sophisticated betting operation in Ontario allegedly linked to mafia. […]
Casinos are often used by criminals as a front for money laundering crime. All casinos are required to have an appropriate system and to prevent money laundering and terrorist financing. Canada’s gambling industry grows, but money laundering and other corrupt activities have been the scourge that needs to be tackled […]
The symbiosis between the innovative cryptocurrency and the online gambling market is getting stronger with each passing day. The global online gaming market is currently booming and operators are exploring various ways to evolve gaming experience. As a result, a number of online betting companies integrated blockchain into their digital […]
Some time ago, business tycoon James Packer, the person behind Crown Resorts and casino magnate Lawrence Ho, Chairman and CEO of integrated resort developer and operator Melco Resorts & Entertainment officially announced their decision to separate the two companies. As a result, Mr. Packer started to sell Crown Resorts’ shares […]
Bitcoin is a form of digital currency, that is produced by people by using complex algorithms. Unlike the traditional currencies such as dollars or euros, bitcoins are not printed on paper without using any traditional banking channels. In other words, bitcoin exists in digital wallets on the Internet. The digital […]
Internal documents found out that housewives and students lead the list of the most common occupations among the high-rollers in Richmond’s River Rock casino. A great number of high-roller housewives spent more than C$14 million in bets and 87% of these transactions were suspicious. The situation is pretty much the […]
Canada’s labor union Unite Here, that represents also casino workers, is ready to attack British Columbia Lottery Corporation (BCLC) for imposing an excessive eye-watering freedom of information search fee of $500,000. According to the members of the union, the overwhelming fee aims at limiting access to the requested information as […]
Documents obtained by Postmedia News via a freedom of information request claim that a police unit will be tasked with cracking down illegal gambling and organized crime in British Columbia casinos. The documents provide further details about the way, in which the transaction assessment team is to operate. Apart from […]
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