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Blockchain
September 5, 2023
Stake.com Impacted by Cyberattack, Loses $41 Million
The iGaming and crypto betting giant, Stake.com, was the latest victim of an attack from hackers that resulted in losses of some $41 million in cryptocurrencies. The crypto betting and online gambling platform confirmed that it has identified unauthorized transactions on Monday via a post on X, formerly Twitter. Stake revealed that unauthorized transactions were […]
Industry
September 1, 2023
Former New Hampshire Senator Accused of Fraudulent COVID-19 Relief Spending
Former New Hampshire senator Andy Sanborn, owner of the Concord Casino, is now under intense scrutiny after allegations of COVID-19 relief fraud and extravagant personal spending. The state’s Attorney General John Formella and the Lottery Commission jointly announced that Sanborn is considered “not suitable” to be involved in charitable gaming due to the alleged misconduct. […]
Industry
September 1, 2023
Cartel Head Related to Casino Arson in Mexico Sentenced
A deadly fire at Casino Royale located in Monterrey, Mexico, dating to August 2011, resulted in the death of 52 guests. The arson attack was conducted by a criminal organization known as the Los Zetas. Now, more than a decade after the deadly crime, Luis Adán Gómez Vázquez, who also used the alias José Pérez […]
Industry
August 29, 2023
Man Allegedly Involved in Illegal Gambling Ring Arrested after 10 Years
In the United States, offering illegal gambling activities is a criminal offense that is punishable by imprisonment and in some cases fines. A new report released by WWLP reveals that a person, who was charged 13 years ago in Massachusetts for his alleged participation in an illegal gambling ring was arrested earlier this month. The […]
Industry
August 24, 2023
Former Wells Fargo Advisor Jailed for Gambling-Driven Fraud Scheme
An investment advisor previously employed by Wells Fargo, based in Union County, New Jersey, has been handed a three-year and six-month prison sentence for orchestrating a sophisticated financial fraud scheme, resulting in a total loss of $626,478 for five clients. Exploitative Financial Advisor Preys on Vulnerable Clients The 39-year-old defendant manipulated the trust of his […]
Legal
August 24, 2023
Philippines Arrests 1,245 Suspects Tied to Illegal E-Sabong Gambling
The Philippine News Agency confirmed the news, saying that the country’s police authorities have conducted a massive operation in the period between July 1, 2022, through August 15, 2023, resulting in the arrest of more than a thousand individuals. E-Sabong Continues to Thrive Despite Police Efforts The operation is part of the Philippines’ efforts to […]
Sports
August 23, 2023
No Suspicious Betting Activity During Women’s World Cup
According to FIFA’s Integrity Task Force, there have been no suspicious bets placed during the tournaments, and the 64-game event that was co-hosted by New Zealand and Australia. FIFA Keeps Women’s World Cup Safe of Manipulation Match-fixing has been a concern for sports events, particularly FIFA which governs the world’s most popular sport and has […]
Legal
August 18, 2023
Caesars Palace Standoff Initiator Accepts Plea Deal
In July, the Caesars Palace property on the Vegas Strip became the site of a standoff situation. A month later, the culprit accepted a plea deal, putting an end to the drama. Last month, Matthew Mannix, barricaded himself and a woman he was with in a hotel room and proceeded to wreck havoc. Videos of […]
Industry
August 18, 2023
OKBet Shuts Philippine VIP Rooms, Rejects Ties to Arrests in Singapore
Recently, OKBet Infinity, the popular Philippine junket operator that operates VIP rooms in Newport World Resorts, Okada Manila, Hann Casino Resort, NUSTAR and City of Dreams Manila, confirmed that it has shut down all of its Philippines VIP rooms. The company unveiled the surprising announcement, confirming that it is in effect as of August 8, […]
Industry
August 17, 2023
Police in Ontario Breaks Cheating Scheme at Casino Resort
Nobody likes a cheater and that applies especially to casinos. While some cases of card counting can result in trouble for patrons, casino employees can be subject to charges for negligence or in some cases cheating. Now a new report suggests that several people are facing charges over their alleged participation in a cheating scheme […]
