Gambling should be treated as a recreational activity, but unfortunately, many people tend to forget that and start to fall victims to gamblingās toxicity. This triggers an escalation of gambling activity, which infected almost the entire world. Gambling-related problems are fuelling an avalanche of debts. Countries with regulated gambling market […]
Author: Daniel Thompson
Australian Punters Dig Deep into Their Pockets to Clear Gambling Debts
Australian online gamblers have started to dig deep into their pockets to find money with which to pay their gambling debts. From 17th February this year, Australian bookmakers will be no longer allowed to offer sign-up bonuses or lines of credit to customers. The sweeping reforms aim at curbing problem […]
River Rock Casino Employee Under Fire for Allegedly Flouting Anti-Money Laundering Laws
Earlier today, Postmedia News reported that British Columbia gaming regulator ordered the revocation of the registration of River Rock Casinoās director of VIP gambler relations Lisa Gao. The announcement came shortly after an investigation into allegations of āthird-party cash buy-insā found out that the casino employee has violated anti-money-laundering rules. […]
Gateway Seeks to Build Up Enough Public Endorsement for Casino Project at the Fairgrounds
One of Canadaās most diversified gaming company Gateway Casinos & Entertainment is currently gearing up to further expand its reputation and build a C$140-million premier casino resort the Western Fair District. Such a move is to grant the gambling company an increased market share. As for now, the gambling operator […]
Macau Allocates 125 New-to-Market Gaming Tables to MGM Cotai
The gambling industry is an important source of funds for Macauās economy. Despite the recent crackdown on the gambling industry in China, Macau continues to be one of the largest casino markets in the world. The Gaming Inspection and Co-ordination Bureau allowed MGM China Holdings to place a total of […]
British Columbia Attorney General Vows to Boost Fight Against Financial Crimes in Casinos
British Columbia is currently trying to set the tone for new anti-money laundering measures after the newly-elected government publicized a buried casino report into alleged money laundering at one of its land-based casinos. Earlier this month, Mr. Eby posted a speech on his MLA website under the title: “Housing and […]
Great Canadian and Brookfield Pen 22-Year Deal with OLG for Greater Toronto Area Gaming Bundle
Yesterday, the Ontario Lottery Gaming Corporation (OLG) has put the wheels in motion after signing a 22-year deal with Great Canadian Gaming Corporation (“Great Canadian”) and Brookfield Business Partners LP (“Brookfield Business Partners”). Under the recently signed deal, Great Canadian and its partner Brookfield are to take over certain gaming […]
Public Hearing Discusses Land-Use Planning Application for Kingsway Entertainment District
On Monday this week, the first town hall meeting related to the construction of the highly-controversial premier casino and entertainment property in Greater Sudbury took place. The planning committee had the chance to hear peopleās opinion on the matter and discuss their concerns about the possible drawbacks of hosting a […]
Ex-Amaya CEO David Baazov Goes to Court to Face Insider Trading Charges
The insider trading trial involving former Amaya CEO David Baazov is set to proceed sometime before the end of this winter. This Monday, Quebec judge Salvatore Mascia refused to dismiss Baazovās insider trading charges and announced that prosecutors will present evidence against the former Amaya CEO in the coming weeks. […]
Windsor Receives C$2.3 Million Third-Quarter Payment for Accommodating Caesars Windsor
Many countries around the globe are actively pursuing the legalization of gambling, hoping that the industry can alleviate the growing budgetary pressure. Canada is among the countries, which managed to benefit financially from gambling and pump a lot of cash into its economy. The weapon that the casino industry uses […]