The lawsuit accuses the New York-listed company of securities fraud for failing to divulge it was bribing Japanese lawmakers.
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The Story
The China-based gambling company, 500.com, is starting to fall apart and will now have to answer a class-action lawsuit filed by the law firm of Block & Leviton LLP in the US District Court of New Jersey. The firm asserts that 500.com committed securities fraud as a direct result of the bribery scandal, alleging that the company “concealed from investors that its executives were bribing Japanese lawmakers in order to secure development rights for a casino resort project in Japan.” Already dumping its chairman and CEO in the wake of the scandal, 500.com continues to try to right the capsized ship and has also announced that it is bringing in a law firm out of Hong Kong, King & Wood Mallesons LLP, as its legal advisor.
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Aristocrat’s Roberto Coppola talks about innovation by supporting creative people and taking cues from the appropriate resources.
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It is with a rich irony that we find the creator of Bitcoin arguing against the common wisdom of the cypherpunks, and instead shows a different vision for his digital cash invention. Not a vision of individuals living in the shadows free from the effects of their actions, but instead a new system that allows honest people to compete with corruption. With the wisdom of our ancestors in our mind, Bitcoin enables us to build a new society not through radical rebellion, but through honest competition.
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Strengthening their strategic relationship with the ICE brand, the Philippine Amusement & Gaming Corporation (PAGCOR) has confirmed it will be bringing its largest ever delegation to this year’s ICE London (4-6 February, 2020, ExCeL London, UK) following the association’s recent partnership with SiGMA and the inaugural ICE Asia, which takes place in Manila this June.
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Congratulations to Jorryt Van Hoof for winning the Aussie Millions A$25,000 Pot Limit Omaha Challenge! The win gives the Dutchman a massive score of A$467,280, cementing his place as Holland’s number one. |
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Only those who dare to fail greatly 
