2025.09.18
cashman casino update“Macau will always face regulatory risk from any changes from China.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.”Phoenix 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.is hard rock ac on the boardwalk“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.com, all of which were owned by his Malta-licensed company, Phoenix International Ltd.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.red stag casino no deposit bonus code take 5 free slotsonline casino no deposit bonus michigan“If in our investigation we discover any business not provided by the license, we are going to revoke it.Online gambling comprises a sizeable sector of the Maltese economy and so its credibility as a regulatory jurisdiction is crucial.com, Bsport24.winstar world casino games“We have problems only with the Italians who are now managing less than 10 licenses out of 200,” said the source.But it seems Malta has finally had enough of the Mafia in its midst and the MGA is finally getting proactive rather than reactive.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.cache creek casino concerts 2020 poker casino kufsteincoushatta casino bus trips“The cancellation of a license is always possible because it is a privilege and not a right,” said the Gambling Compliance source.”Ill Winds Blow Across the Pearl River Delta But MGM Cotai opens amid reports that the Chinese government is considering transforming the holiday island of Hainan into a casino hub, reminding Macau how closely its prosperity is tied to the policy whims of Beijing.“If in our investigation we discover any business not provided by the license, we are going to revoke it.Meanwhile, competition from new, emerging markets in the region have led some analysts to suggest life won’t be plain sailing for the MGM Cotai.Meanwhile, competition from new, emerging markets in the region have led some analysts to suggest life won’t be plain sailing for the MGM Cotai.Meanwhile, competition from new, emerging markets in the region have led some analysts to suggest life won’t be plain sailing for the MGM Cotai.who owns the bellagio mgm grand casino winners |