At the end of the day, you want to be profitable, but that's not the meaning of life.
Daniel Lamarre
6th December 2017  
 
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The Story

The Canadian province of British Columbia has released two recommendations aimed at busting the rampant money laundering in local casinos.

 

What are these policies for?

The BC provincial government will now be requiring the submission of “Source of Funds Declarations” and assigning a Gaming Policy Enforcement Branch (GPEB) staffer in casinos. The policies came after a review of the province’s casino industry, which found that Chinese VIP gamblers allegedly laundered money through River Rock Casino.

 
 
 
 
 
 
 
 
 

Simon Dunne: Less bonusing, less problems

The Broadway Gaming executive shares with CalvinAyre.com’s Becky Liggero how operators can keep loyal customers without breaking the bank

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US shuts down ‘fast-moving’ ICO fraud

Authorities have said that Dominic Lacroix’s PlexCoin raised an estimated $15 million from investors after promising that the coin would yield a 1,354 percent profit in less than 29 days.

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  ASIA
Universal inks casino tech sales joint venture with Chinese firm

The deal will focus on the exclusive sales and maintenance business for casino-related devices and systems that were developed by Universal, according to the Japanese gaming conglomerate.

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  EUROPE
UK fines Broadway Gaming £100k for misleading bonus offers

The UK Gambling Commission has imposed the penalty after the company failed to explain the fine print of its ‘Deposit £10. Play £35’ ad.

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  NORTH AMERICA
Canadian media firms urge creation of online blacklist

The coalition of broadcasters is pushing for the creation of an ‘Internet Piracy Review Agency’ that would blacklist offending domains without the need for a court order.

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  WORD OF THE DAY
 

Double down: to become more tenacious, zealous, or resolute in a position or undertaking. The original meaning of the word refers to increasing a player’s capital at a blackjack table.

 
 
 
 
 
 
 

LOT.TO extends its partnership with the Nigerian Lottery

The partnership between LOT.TO and Western Lottery was extended after 200,000 players signed up just four months after LOT.TO opened in Nigeria.

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Congratulations to Jimmy Nguyen for being appointed as the new Chief Executive Officer of the nChain group, the global leader in research and development of blockchain technologies. He previously served as the company's Chief Business Officer, and Chief Intellectual Property, Communications and Legal Officer.

 
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