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Heavy punishment for persons who ran AI and WeChat-based illegal casino in China

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Heavy punishment for persons who ran AI and WeChat-based illegal casino in ChinaReading Time: 1 minute

 

A court in the Chinese province of Shenzhen has slapped a severe punishment for persons who ran an illegal online casino based on the Chinese social messaging website WeChat and artificial intelligence (AI). The court verified the documents submitted by the police and analysed the mobile phones, laptops, and money seised by the police and ruled the gang was running an illegal casino via the use of WeChat red envelopes and artificial intelligence software.

Leaders of the group, Cai, Li and Huang, along with 13 other accomplices, each received sentences varying from one to four and a half years of imprisonment and fines of up to RMB200,000 as punishment. The gang was known as the “Golden Star” gambling gang. It is believed that they made around RMB430 million between the beginning of 2017 and March of 2018 when they were arrested. Of that money, the police were able to freeze just over RMB600,000.

Of the 19 people who were arrested at the time, 15 were deemed guilty and prosecuted, while four members who had been with the group for a short time were found to be not guilty.

The gang used a sophisticated AI software that gave them a distinct advantage over gamblers.

This is the first case of a public prosecution and punishment under the police force’s new effort to sweep away vice and gang-related.

 

Source: thatsmags.com


Source: European Gaming Media

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Mobile Betting Bill Fails to Progress Through New York Assembly

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Senator Joseph Addabbo’s mobile betting bill has failed to progress through the New York Assembly. The legislative session saw S17 fail to progress beyond the Assembly Standing Committee on Codes.

Addabbo tweeted that he saw no clear reason why the state could not implement mobile sports betting in 2019. Failure to do so would see the state miss out on around $75m in revenue, funding for education, and both job creation and retention.

“NY will be stuck like a disabled car on the shoulder, while we allow an illegal sports betting business in our state thrive and idly watch other neighboring states pass us up with enormous revenue gains from mobile sports betting,” Addabbo said.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Mobile Betting Bill Fails to Progress Through New York Assembly

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Eldorado Resorts to Buy Caesars Entertainment Corp

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Eldorado Resorts Inc., the US based casino operator, has agreed to merge with Caesars Entertainment Corp through a $17.3 billion cash and stock deal.

The deal, which is expected to be announced soon, values Caesars at close to $13 a share. The combined company’s ownership would be split roughly between Eldorado and Caesars shareholders.

An Eldorado spokesman said the company did not comment on rumours or speculation. Caesars did not immediately respond to requests for comment.

The combination of the two companies would create a serious competitor to larger casino industry players, such as Las Vegas Sands Corp, Wynn Resorts Ltd and MGM Resorts International.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Eldorado Resorts to Buy Caesars Entertainment Corp

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Nagasaki Governor Reaffirms His Support for Sasebo IR Bid

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Nagasaki Governor Hodo Nakamura has reaffirmed his support for the Sasebo IR bid and urged the national government not to delay too much in issuing its IR regulations and establishing the national regulatory framework.

While Sasebo’s bid is not linked to a specific timeline, the local government does wish to move forward quickly, especially now that other competing bids could emerge from the Kyushu region.

In related news, Nagasaki IR Business Connect Seminar is going to be held with the participation of international operators and investment groups.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Nagasaki Governor Reaffirms His Support for Sasebo IR Bid

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