Ontario Provincial Police Charge Two in $400,000 Proline Sports Betting Fraud Scheme The Ontario Provincial Police (OPP) and the Integrated Enforcement Bureau (IEB) have charged Joshua Silver, 36, and Montgomery McMahon, 45, both from Thunder Bay, following a thorough investigation into suspicious Proline sports betting activities connected to the Ontario Lottery and Gaming Corporation (OLG). $400,000 Fraud Investigation Linked to Proline Betting Silver and McMahon face multiple charges related to a CAD 400,000 (approximately $289,500) betting fraud scheme. The suspects allegedly used compromised gift cards to place bets at gas stations in Sault Ste. Marie and Thunder Bay via OLG’s Proline platform. By wagering on both sides of sporting events, they ensured guaranteed payouts regardless of results, a tactic commonly linked to money laundering. Charges…

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British Columbia’s securities regulator has accused a Surrey entrepreneur of misleading investors and misusing their funds on gambling and personal expenses. This case highlights the rising trend of gambling-related fraud and underscores the need for investors to exercise caution before entrusting money to others. Surrey Entrepreneur Accused of Defrauding Investors According to a recent notice from the BC Securities Commission (BCSC), 42-year-old D.L.P. allegedly defrauded 14 investors by raising over $200,000 between 2021 and 2022 through his sole proprietorship. He promised short-term profit-sharing returns, claiming the funds would be used to fulfill merchandise contracts for corporate clients. Investigations reveal that approximately $146,000—nearly 75% of the invested amount—was instead spent on online gambling, personal purchases, and third-party payments. The BCSC alleges D.L.P. failed to provide promised…

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  Brenda Aubin-Vega, 20, recently became the lucky winner of the coveted Gagnant à Vie lottery prize during a break at work. Her ticket revealed three piggy bank symbols, signaling she had won the game’s ultimate prize: CAD 1,000 weekly for life or a one-time cash option of CAD 1 million (approximately $730,000). Unlike many lottery winners who prefer the lump sum payout, Aubin-Vega chose the steady annuity. She plans to use the consistent weekly income to help purchase her first home. In an interview with Loto-Québec, she expressed her disbelief and excitement, sharing that she immediately called her father to share the good news and took the day off to absorb the life-changing win. The winning ticket was bought at Dépanneur Jen & Dan…

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The truncated answer is a resounding NO!. So why do we pose this question? Well, every once in a while we need to address these issues as the online casino industry is always in flux and constantly changing. But the specific reason for bringing up Cryptocurrency is the popularity of these payment methods by both players and casinos.   What has changed with Crypto in the past few years? If you go back to the inception of Bitcoin and other Crypto Currencies, you’ll see that they were created for a specific purpose and for certain individuals. The idea was to have an alternative “currency” which could be used without the regulation and oversite of governments and influenced by the Global Markets. This is a simplifies…

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While the Online Casino industry was growing before Covid it is now booming, the likes of which we have never seen. The Covid has provided a boost to online gambling of all sorts and introduced players who would have never even imagined going online to gamble. This is evidenced by the consolidation of many companies and the premium in the price to purchase these companies. The most recent acquisition happened in October of this year (2021) with Playtech agreeing to be purchased by Aristocrat. Aristocrat Leisure Ltd. is an Australian slot company which in many ways dominates the “Down Under” market. The purchase of Playtech Plc for $3.7 billion was a 60% premium over the market price. These acquisitions are not based on the market…

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In June, with a bit of naysaying, we discussed the future opening of Circa Hotel/Casino in Las Vegas. During the current climate of the Coronavirus and Las Vegas suffering through its worst economic droughts in history, we felt that the chances were slim to none that Circa would be open by October. But with the some very hard work and determination, the owners and everyone involved was able to pull off this feat in a spectacular fashion. What does the Future hold for Circa Casino?  That is the million-dollar question for both the owners, employees, and people of Las Vegas. Opening a new casino/hotel when current ones are at around 40% occupancy is a big challenge. On top of this, all Casinos are limited to…

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As the Coronavirus lingers on and cases continue to rise many businesses have closed while the travel industry has taken a big hit. The Casino business being part of the travel industry has taken a huge blow to its bottom line with no other place like Vegas being hit the hardest. But with all of the doom and gloom and the future projections being unfavorable, Las Vegas is not taking this Virus sitting down and has been adapting to the continuing change. What is Vegas doing to Counter the restrictions of the Pandemic? In an article published in the Wall Street Journal on October 25, 2020, Nat Ives interviews Kate Wik who is the chief marketing officer at the Las Vegas Convention and Visitors Authority. We…

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Online casinos are always going through some type of evolution or transformation. Much of this has to do with financial transactions occurring during real money play. The banking methods, both withdrawals and deposits, have continually come under scrutiny by the regulators as well the countries from where the online casinos operate. There are still methods that are approved, but not as many as there were previous. As this trend continues casinos need to find more ways of allowing real money players to play as well as making the transactions as simple and trouble-free as possible. Fortunately, there is a solution which comes in the form of Crypto Currencies. These aren’t new, although we are seeing more and more online casinos accept these forms of payments.…

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As we have mentioned before in previous articles, the online casino industry has seen an increase in business since the being of the Coronavirus Crisis. Many of the reputable online sites are reaping the financial rewards of this pandemic because of the closing or limited access to the brick and mortar casinos. But as the pandemic continues and the large publicly owned casinos such as MGM Grand continue to loss money, many of these behemoths are starting to focus on the opportunities in the online market. According to the Wall Street Journal, August 16, 2020, the revenue for these companies has dropped as much as 97% in the last quarter compared to 2019. The US Market and the Future of Online Casinos Much of the…

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Once as popular as Horse Racing, Dog Racing or the “Greyhounds” is a part of the gambling culture as well as a form of entertainment. But with Animal Rights activists clamping down on anything they see as “inhumane”, most of the Tracks in the US have closed. Good for the dogs but bad for gamblers and people employed. At the current numbers there are only 4 legal dog tracks in the US, 2 of which are all in the State of West Virginia. I say “legal” because of the so many illegal dog fighting venues there is probably some form of illegal dog racing going on as well. Being banned in 41 of the 50 States, there is no appetite for most people to go…

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