Conspiracy to launder at least $30m

China-born US citizen Xizhi Li, 48, has pleaded guilty to masterminding a conspiracy to launder at least $30m for Joaquin “El Chapo” Guzman-linked drug cartels, partly through a casino in Guatemala.

The United States Department of Justice (DOJ) shared news of the money-laundering network leader’s guilty plea before a federal court on August 2 via Twitter:

Two companies, one vision

US-based gambling operator Penn National Gaming has its sights firmly set on a sports betting expansion, inking a deal to acquire sportsbook operator Score Media and Gaming (theScore) for approximately $2bn.

theScore took to Twitter to confirm news of the agreement on Thursday:

Through the transaction, shareholders of theScore will r

Case to proceed

A Nevada judge has revived certain elements of a securities fraud lawsuit regarding allegations that Wynn Resorts executives ignoring claims of sexual misconduct and harassment against company founder Steve Wynn. This lawsuit had been seeking class-action status.

material misrepresentations and omissions”

US District Judge Andrew Gordon ruled on July 28 that the case can now proceed. This lawsuit alleges that leading executives and board members of Wynn Resorts, as well as Steve Wynn, violated the rules and laws of the Securities and Exchange Commission (SEC) due to “m

A new engaging Express Roulette is already applicable on the market of BetConstruct’s Live Casino Games. The object is the same as in the well-known standard roulette, which is to accurately predict where the ball is about to land. BetConstruct introduces a new twist to its express version – two roulettes working simultaneously enabling operators …

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The Australian Communications and Media Authority (ACMA) took a strong stance against illegal gambling operations that masquerade as casino affiliates by operating review sites. It’s the first time that ACMA has moved against casino affiliates who push players towards online casinos, but don’t actually offering any gambling themselves.

Officials at the ACMA said that this type of casino affiliate works to actively push Australian players out of the regulated market and into the Wild West of unregulated play. Even worse, they say, is that most players have no idea that they’re actually gettin

Henderson, Nev.’s M Resort Spa Casino is scheduled to have an on-site vaccination clinic today in memory of Mike Freedy, known to many as “Big Mike.” The 39-year-old was an assistant casino floor manager at the M who passed away recently after contracting COVID-19.

Today’s reported vaccination program at the M Resort is focused on giving v

MGM seals the deal

US-based casino operator MGM Resorts International will soon wave goodbye to its ownership of a number of properties, including the Mandalay Bay Resort and the MGM Grand Las Vegas. The company has agreed to offload the real estate assets through the sale of its spinoff MGM Growth Properties (MGP).

Real estate investment trust VICI Properties has agreed to acquire MGP for a total of $17.2bn. MGM spun off the company more than five years ago with the intention of taking real estate assets off its balance sheet. Its portfolio includes 15 properties from a number of states

Greentube the interactive division of Novomatic the power house developer of land based casino and slot games, have announced their entry into the regulated Ukrainian market in deal reached with the operator First Casino. In an announcement released yesterday, Greentube have confirmed that First Casino will now have access to their casino game portfolio. Whereby …

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1X2 Network has strengthened its position as a leading content provider in the Italian market after signing a deal to provide tier one operator Betpoint.it with games from its 1X2gaming and Iron Dog Studio brands. The partnership means that Betpoint.it players will be able to access award-winning content from 1X2 Network for the first time. …

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The casino game aggregator and iGaming platform provider SOFTSWISS have announced this week a link up with Spadegaming. In a deal which will see the Asia based casino game studio integrate their portfolio of casino game content onto SOFTSWISS platform. This is yet another new gaming content provider, integration with whom keeps expanding the SOFTSWISS …

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