Author: Daniel Thompson

Chinese Real Estate “High-Roller” Loans Money from Allegedly Underground Banking Network in Richmond, Legal Filings Claim
Casino News

Chinese Real Estate “High-Roller” Loans Money from Allegedly Underground Banking Network in Richmond, Legal Filings Claim

British Columbia’s self-regulated casino industry has been blasted for its lax anti-money laundering measures. The issue appeared on the authorities’ radar screen after the recently-elected government released a disturbing casino report, alleging money laundering at River Rock Casino Resort in Vancouver. The revelation sparked a money-laundering probe into underground banking […]

Gateway to Attend Delta Chamber of Commerce’s Luncheon, Detailing Casino Project in Ladner
Casino News

Gateway to Attend Delta Chamber of Commerce’s Luncheon, Detailing Casino Project in Ladner

Speakers from Canada’s biggest private casino operator Gateway Casinos & Entertainment (“Gateway”) and B.C. Lottery Corporation are to provide more detailed information regarding Gateway’s $70-million casino project in Ladner to be located on the current Town & Country Inn site. Apart from that, the speakers are to present their vision […]

Tighter Checks on High-Rollers Seek to Rein in Money Laundering at B.C. Casinos
Casino News

Tighter Checks on High-Rollers Seek to Rein in Money Laundering at B.C. Casinos

The gambling industry has become the fastest-growing sector in the Canadian province of British Columbia. Quite unsurprisingly, cash-intensive businesses such as banks are extremely vulnerable to money laundering. Casinos are also classified as cash-intensive businesses, which are usually dealing with high volumes of large cash transactions. Moreover, casinos offer many […]