AUSTRAC to commence Federal Court proceedings against SkyCity Adelaide
SkyCity Adelaide will have civil penalty proceedings commenced against it in Federal Court by the Australian Transaction Reports and Analysis Centre (AUSTRAC). This is for alleged serious and systemic non-compliance breaches with Australia’s anti-money laundering and counter-terrorism financing (AML/CTF) laws.
The civil proceedings were initiated after an enforcement investigation into the operator was completed in June last year.
The body’s allegations include that SkyCity failed to appropriately assess the money laundering and terrorism financing risks it faced, did not include in its AML/CTF programmes appropriate risk-based systems and controls to mitigate and manage the risks to which it was reasonably exposed and failed to establish an appropriate framework for Board and senior management oversight of the AML/CTF programmes.
Furthermore, the operator is accused of not having an appropriate enhanced customer due diligence programme to carry out additional checks on higher-risk customers. It also did not conduct appropriate ongoing customer due diligence on a range of customers who presented higher money laundering risks.
Jade Entertainment and BetConstruct launch Jade Sportsbet in the Philippines
Jade Entertainment has launched a new sportsbook in the Philippines, Jade Sportsbet, with its partner BetConstruct.
Jade Entertainment’s new sportsbook will be available in retail locations and online, at jadesportsbet.com. The operator was runner-up for Casino Supplier of the Year at the inaugural Global Gaming Asia Awards in 2022. The company says the release of its sportsbook was designed to align with the new NBA season and the FIFA World Cup 2022.
Now live, Jade Sportsbet gives Philippine locals access to pre and in-play match selections and is offering bonuses in competitive markets such as basketball, tennis, football, golf and boxing, among other sports.
Sky Racing World commences broadcasting of Abu Dhabi Thoroughbred racing
Sky Racing World has added thoroughbred horseracing streamed from Abu Dhabi to its content portfolio. The horseracing company is distributing the simulcast of this United Arab Emirates (UAE) track across its outlets in North America.
The broadcaster will be facilitating the international comingling of wagering B-pools via PGI, which is owned by Tabcorp.
The Abu Dhabi Thoroughbred (ADT) racing contest launched on December 4 for the HH Sheikh Mansoor Bin Zayed Al Nahyan Racing Festival. This contest featured a Group 1 Crown which was won by the horse ‘First Class.’
The ADT has a growing portfolio that gives users in North America access to thoroughbred racing from racetracks in Australia, New Zealand, Korea, Japan, Abu Dhabi, Singapore, Malaysia, South Africa and Argentina.
The next Abu Dhabi event will take place on December 8, with additional races before the year’s end taking place on the 15th and 22nd.
JCM Global reports net profit of JPY1.29bn for half year ended 30 September
Japan Cash Machine Co (JCM Global) has reported a net profit for the half year ended 30 September of JPY1.29bn (US$9.4 million), up 642% year-on-year.
The company produces machines that count and validate banknotes, which are used across casinos worldwide.
JCM Global’s jump in profit comes after many land-based destinations have slowly reopened their doors following the easing of restrictions linked to the Covid-19 pandemic.
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