Desert Diamond Casino Million Dollar Winner  for MGM to beat other competitors’ new resorts ramp-up,” said Margaret Huang, an analyst at Bloomberg Intelligence. valley forge casino app casino 02 “Macau will always face regulatory risk from any changes from China. Operators will also face greater pressure from more new resorts and additional Asian gambling destinations. ” The Malta Gaming Authority is launching a wide-scale investigation into its Italian licensees for links to organized crime. guns n roses hard rock casino 2021 According to “high-ranking Maltese sources” who spoke to Gambling Compliance this week, this is the first phase of a larger probe into all Italian businesses based in Malta.

Benedetto Bacchi, owner of Malta-licensed Phoenix International, was arrested last week, accused of sharing profits of his illegal gambling business with the Cosa Nostra. is harrah s cherokee casino open to the public The incident has spurred the Malta Gaming Authority to become proactive rather than reactive. (Image: ANSA/Petyx)The country has been embarrassed by a string of Malta-licensed companies that have been exposed by Italian police as being Mafia connected. kansas star casino wichita bovada casino charlotte nc The revelations have been particularly damaging to the reputation of the Malta Gaming Authority, whose job it is to regulate licensees in the major online gambling hub. “We have problems only with the Italians who are now managing less than 10 licenses out of 200,” said the source.

Key Insights and Expert Analysis

“Italy is becoming highly risky for our reputation, as very often we must face public scandals founded on the connection between Italian entrepreneurs and the Mafia. ”las atlantis casino downloadPhoenix in FlamesThe most recent of these public scandals occurred just last week when police arrested 31 people across Italy for involvement in an illegal gambling operation with connections to the Sicilian Mafia. Among them was the so-called “King of Betting,” Benedetto Bacchi, who controlled 700 illegal gambling joints throughout Italy. He allegedly shared the €1 million monthly profits directly with the Mafia in Palermo. Bacchi’s joints employed computer terminals that facilitated gambling on websites that included B2875. island view casino concerts

com, Bsport24. Gold Coast Casino Australia Hklz com and B28sport. com, all of which were owned by his Malta-licensed company, Phoenix International Ltd. mohegan sun casino food The MGA immediately pulled Phoenix’s license and ordered it to “indefinitely suspend all gaming operations, cease to register new players, suspend all transactions on all websites, including deposits and withdrawals, and submit all data and documentation requested by the authority. seven feathers casino tattoo expo Island Resort And Casino Sweetgrab Jhtp ”N’Drangheta Point ManBut Bacchi was the fourth gambling operator with connections to organized crime to be exposed in the past three years – and many are wondering why the regulator, which is required to vet applicants for licenses, is being embarrassed quite so frequently. free slots zeus

The most notorious case occurred in 2015 when the MGA was forced to revoke the licenses of nine online gambling sites, including BetUniq, whose CEO Mario Gennaro was described by prosecutors as the “point man” for the Calabrian Mafia in Malta. Gennaro turnelas atlantis casino downloadd snitch and his testimony is believed to have aided in the arrests of last week. kansas star casino woodfire grill Online gambling comprises a sizeable sector of the Maltese economy and so its credibility as a regulatory jurisdiction is crucial. coushatta casino lake charles Raging Bull Casino 14 Free Spins Vsnm But it seems Malta has finally had enough of the Mafia in its midst and the MGA is finally getting proactive rather than reactive. “The cancellation of a license is always possible because it is a privilege and not a right,” said the Gambling Compliance source.

“If in our investigation we discover any business not provided by the license, we are going to revoke it. draftkings casino virginia free slots jacks or better ” Hong Kong Entertainment, owner of the Tinian Dynasty Hotel and Casino, told a federal judge this week that its financial situation was so bleak that it could no longer afford a lawyer to represent it in ongoing legal claims filed by creditors. borgata casino rooms G Casino Blackpool Yyag Desert island: The Tinian Dynasty Hotel and Casino has been deserted since 2015 when the US government imposed a record 75 million 30 free online slots