The Australian government has taken strict measures against illicit gambling platforms operating within the nation. They’ve prohibited access to a number of websites, including Cloudbet, a widely used cryptocurrency wagering platform.
The government asserts that these platforms are violating the law by providing gambling services without the necessary licenses. They’ve been restricting website access since 2019 and have already disabled hundreds of them.
This recent wave of restrictions encompasses a range of other sites such as Spin Oasis, Fab Spins, and numerous others. They’re making it more challenging for individuals in Australia to engage in online gambling without appropriate authorization.
This week in Australian news, the land-based resort operator, Star Entertainment, was temporarily stripped of its operating permit and slapped with a hefty $100 million penalty for its shortcomings in New South Wales.
Last month, Star Entertainment was deemed unsuitable to hold a casino license in New South Wales following a report that uncovered a string of serious failings by Star Sydney. The report, compiled by Adam Bell, brought to light numerous violations of anti-money laundering regulations and social responsibility over an extended period.
The catalog of wrongdoings was extensive, encompassing clever workarounds of Chinese capital flight laws, misleadingly categorizing gambling expenditures as hotel expenses on China UnionPay (CUP) cards, deceiving financial institutions, and permitting potentially criminal entities to manage cage operations at their casinos.
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