GamblingCompliance: PokerStars Mulling Pennsylvania Partnership Options

10TH NOV 2017 | WRITTEN BY: CHRIS SIEROTY The Stars Group expects to be ready to launch in Pennsylvania as soon as next year, according to comments made by executives on Thursday following publication of its third-quarter earnings. “We are poised to take advantage of the positive momentum in the growth of online gaming globally and … Continue reading GamblingCompliance: PokerStars Mulling Pennsylvania Partnership Options

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GamblingCompliance: MGM Buys WNBA Team As Sports Settle In Las Vegas

20TH OCT 2017 | WRITTEN BY: CHRIS SIEROTY MGM’s purchase of a Women’s National Basketball Association (WNBA) franchise underlines the rapprochement between professional sports and the casino industry even if it is unlikely to lead to other franchises being acquired by gaming companies, according to a leading sports analyst. Michael Colangelo, a sports consultant in Los … Continue reading GamblingCompliance: MGM Buys WNBA Team As Sports Settle In Las Vegas

PaymentsCompliance: Personal Liability Regime Threatens U.S. Gambling Sector

6TH OCT 2017 | WRITTEN BY: CHRIS SIEROTY IN LAS VEGAS U.S. enforcement authorities have warned businesses linked to the country’s gambling sector that their appetite for taking action against individuals is growing larger. “We have been focused on individual liability,” Veronica Agpaoa, an enforcement officer with the U.S. Department of the Treasury’s Financial Crimes Enforcement Network … Continue reading PaymentsCompliance: Personal Liability Regime Threatens U.S. Gambling Sector

GamblingCompliance: Gaming Regulators Struggle To Deal With Legal Marijuana

3RD OCT 2017 | WRITTEN BY: CHRIS SIEROTY IN LAS VEGAS Nevada’s legalization of medical and recreational marijuana has made it easier for users to buy pot at dispensaries but more difficult for gaming companies that must deal with a wide-range of compliance, employment and ethical issues that result from legal cannabis. The Nevada Gaming Control Board … Continue reading GamblingCompliance: Gaming Regulators Struggle To Deal With Legal Marijuana

PaymentsCompliance: FinCEN Issues Warning Over Venezuelan Fund Flows

21ST SEP 2017 | WRITTEN BY: CHRIS SIEROTY IN WASHINGTON, D.C. Federal regulators are telling U.S. financial institutions, especially those located in south Florida and Texas, to be aware of Venezuelan officials trying to move or hide illegal assets.   The Financial Crimes Enforcement Network (FinCEN), a division of the U.S. Department of Treasury, issued a seven-page advisory on … Continue reading PaymentsCompliance: FinCEN Issues Warning Over Venezuelan Fund Flows

GamblingCompliance: IRS Criminal Chief Expresses ‘Keen Interest’ In Gaming Industry

24TH AUG 2017 | WRITTEN BY: CHRIS SIEROTY The head of the Internal Revenue Service Criminal Investigation unit recently warned casino executives that the gaming industry is one of the very few that the agency has a “keen interest in at all levels,” and that law enforcement could be watching them. “So, I would encourage you … Continue reading GamblingCompliance: IRS Criminal Chief Expresses ‘Keen Interest’ In Gaming Industry

GamblingCompliance: U.S. Supreme Court Case A Predicament For Sports Leagues

16TH AUG 2017 | WRITTEN BY: CHRIS SIEROTY If the U.S. Supreme Court rules New Jersey can offer legal sports betting, the four major U.S. professional sports leagues may not be pleased with the outcome but they are likely to be prepared for that outcome, a panel of experts said Tuesday. David Purdum, a gambling reporter … Continue reading GamblingCompliance: U.S. Supreme Court Case A Predicament For Sports Leagues