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LAS VEGAS (KLAS) - MGM Grand and The Cosmopolitan of Las Vegas will pay a combined $7.45 million after a former executive pleaded guilty to federal charges late Wednesday in Los Angeles. Scott Sibella, 61, pleaded guilty to one count of failure to file reports of suspicious transactions required to be made by casinos, according to a news release…

The advent of blockchain and cryptocurrencies has taken the entertainment industry to a whole new level. These digital currencies have enabled the gaming world to reach more players worldwide by simplifying transactions between companies and gamers. However, even as more game designers continue to develop new crypto games, they constantly face the…

As an industry that is constantly bringing in new customers and transactions, the casino sector is a key target for criminals and money launderers, claims Alessa. Due to this appeal, casinos have become one of the most heavily regulated businesses in operation. These regulations, Alessa claims, while necessary - can be difficult to understand and…

Foxtel Cable Television was found guilty of breaching gambling advertising rules, an investigation of the Australian Communications and Media Authority (ACMA) has concluded. Australian media watchdog ACMA ruled against a complaint filed by the media operator regarding an incident in April 2021, and, despite the fact that Foxtel self-reported the…