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Macau Chinese Bank, Macau, Yau Wai Chu, Bobo Ng, Liu Haigui

Ex-Macau Bank Exec Indicted for Fraud Linked to Bogus Casino Loans

The former president of the Macau Chinese Bank has been arrested for fraud, according to news reports from the gambling hub. Yau Wai Chu is accused of securing bogus loans for purported Macau casino projects that bilked the bank out...

Philip Conneller February 12, 2024

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Brazil sports betting iGaming online gambling

Brazil Legalizes Sports Betting and iGaming, Launch Expected Late 2024

Over the holidays, Brazil officially authorized sports betting and online casino gambling in the world's seventh-most populated country. President Luiz Inácio Lula da Silva...

Devin O'Connor January 3, 2024
Corvex Kindred

Meister’s Corvex Management Takes 4.4% Stake in Entain

Less than 24 hours after Jette Nygaard-Andersen resigned as chief executive officer of Entain (OTC: GMVHY), Keith Meister's Corvex Management revealed it took a...

Todd Shriber December 14, 2023
A man holds a stack of money

Money Laundering Raids Linked in Australia, Italy, India Linked to Chinese Gangs

International money laundering raids over the last two months show an increased connection to Chinese gangs. The United Nations Office on Drugs and Crime...

Erik Gibbs October 27, 2023