Japanese casino mogul Kazuo Okada may not see his integrated casino turn a profit after Universal Entertainment Corporation’s Philippine subsidiary, Tiger Resort, Leisure and Entertainment, Inc. voted to oust him as the board’s chairman.

It’s partly damage control. Okada was voted out as the chairman of the board as the investigation on his involvement in the supposed JPY2 billion (US$18.15 million) illegal fund outflows in Universal Entertainment Corp. continues. He was replaced by Justice Manuel Lazaro.

In 2012, the septuagenarian was ousted as director of US casino operator Wynn Resorts on allegations that he violated US anti-bribery laws when he gave fancy meals and drinks to Philippine gaming officials while in Las Vegas and Macau to get concessions for Okada Manila. The casino mogul has since denied the allegations.

Aside from the bribery of Philippine gaming officials, he was accused of allegedly paying $40 million to a Manila-based consultant in 2010. He was also involved in the fraudulent transfer of a loan amounting to HKD $17.3 million to a third party in 2015.

Losing his board seat in Manila should be the least of Okada’s problems as he continues to parry numerous allegations of irregularities in his business dealings. 

In this interview with Stephanie Raquel, iGaming Consultant Frank Schuengel explains why the industry needs to shake things up when it comes to their offerings

The council overseeing goods and services tax (GST) system in India has decided that state-run lotteries would be charged a 12 percent GST rate, while lotteries operated by private distributors would fall under the highest tax slab of 28 percent.

TAB is facing hefty fines and legal costs after authorities ruled that the site’s free candy campaign last March has violated New South Wales’s gambling advertising regulations.

US-based FireEye security firm has identified a group of hackers named FIN10 as the culprits behind the cyber-targeting of at least 10 Canadian companies between 2013 and 2016, which included two casinos.

The primary difference between roulette wheels in Europe and America is the additional "double zero" added to the American style wheel. With the additional slot, American casinos have effectively increased its house advantage by a factor of 2x.

Multiplier: A bonus slot feature where payouts can be multiplied up to 10 times on a bonus win.

Betsoft Gaming brings the arcane to life by releasing Magic Shoppe, a new addition to its Slots3â„¢ collection of true 3D video slots.

Royal Ascot, Britain’s most prestigious horse-racing event, will happen on June 20 to June 24. Punters are staking their bets on Order of St. George, which has a 7/1 odds of winning the Gold Cup.