Fresh allegations of enabling suspected Chinese money launderers are hounding British Columbia casinos.

On Monday, the Vancouver Sun published a report based on the 2016 audit of the province’s Gaming Policy Enforcement Branch (GPEB). The audit showed more unflattering details of the provincial regulator’s tepid response to evidence of financial shenanigans involving Chinese VIPs.

It was found that three BC casinos—River Rock, Starlight, and Edgewater— knowingly allowed gamblers to buy C$6.7m (US $5.35m) worth of chips in 2015 using money from BC-based private lenders that were suspected to be linked with drug trafficking operations. River Rock handled 79% of the amount. 

Yes, 47 of them, in fact. The audit revealed that 14 gamblers under British Columbia Lottery Corporation (BCLC) restrictions were able to wager with chips “either brought into the casino or received from players while inside the casino.”

The audit revealed what River Rock has done in terms of ‘refining’ money from questionable sources. It was reported that River Rock found to have accepted $13.5m in $20 bills in a single month in the summer of 2015 and had acceded to requests of gamblers to pay them crisp stacks of $100 bills. 

These allegations of anomalies are imputed to BCLC as it acts an overseer gaming activity in the province. However, it is also a regulator. BCLC is thus put in a position where it needs to maintain legality of operations but risk scaring away gamblers who are its biggest customers. 

Kazuo Okada’s group is scouting for companies for its debut in the Philippine Stock Exchange.

Belgian Justice Minister Koen Geens hinted that  the government will be imposing new gambling advertising restrictions.

New York City private investment group Keating & Associates is reportedly preparing an offer to buy Sands Bethlehem in Las Vegas.

Fifty percent of Macau's revenue comes from gambling and 20 percent of its population are employed by the casinos.

Lifetime Customer Value – A prediction of the net profit attributed to the entire future relationship with a customer.

Industry heavyweights Ronan Ryan, the president of The Investor Exchange (IEX) and Harry Enten, Senior political writer and analyst for FiveThirtyEight, have confirmed their attendance for the Matchbook Traders Conference in London on November 1. 

Congratulations to Chris Armes for being appointed by NYX Gaming Group Limited as its new Group Chief Technology Officer. Before assuming his current position, Armes was Vice President for Engineering for Systems of Oracle and brings 25 years’ experience of managing high performing global teams.