An Indonesian businessman on trial for corruption allegations involving state-owned PT Jiwasrayas insurance and investment group is accused of having used more than Rp28.3 billion (US$1.9 million) in state funds to re-pay gambling debts in Macau, according to Antara News. Heru Hidayat, President Commissioner in PT Trada Alam Minera Tbk, a marine and terminal services…
Dad Abid Elahi turned to dealing cannabis after racking up 30,000 of gambling debts. The 37-year-old was found with a large amount of drugs packaged in various weights at his Shelton home. He refused to answer any questions in his police interview, but his fingerprints were found on the packaging. Now Elahi has been sentenced…
Dozens of scantily dressed Filipina croupiers stand in booths shuffling cards in front of a webcam, their faces softly illuminated by professional lighting. Nearby, rows of Chinese nationals sit at desks chatting on cellphones with potential clients back in China. This is what a typical POGO — or a Philippine Offshore Gaming Operator — looks…
“It’s like a last-ditch attempt to get the last bit of money out of a gambler. I was just disgusted.” Dave, not his real name, has fought gambling addiction nearly his entire life and now has 50,000 of gambling debt spread over up to six credit cards. He’s talking about when he recently saw an…
Spending on gambling and streaming services has jumped massively during the coronavirus lockdown, but overall consumption is flatlining. NAB transaction data shows Australians are spending 62.7 per cent more on gambling and 41.6 per cent more on streaming services than they did this time last year. The figures refer to the average money spent over…
Justine Channing, a gaming industry specialist with 25 years experience, said clubs and hotels in both city and regional areas had positive results, on average. “I suspect we’ve got a honeymoon, as people who enjoy gambling want to get out there and have a go,” Ms Channing said. While big clubs might still be struggling…
By: Dylan Dethier May 11, 2020 Michael Jordan and Richard Esquinas on the cover of Esquinas’ book about gambling on the golf course with the NBA legend. Richard Esquinas used to play Michael Jordan for a standard wager of $1000/hole, he says. Now his limit is something closer to a $20 Nassau. In 1993, Esquinas…
Tabcorp Holdings has reached an agreement with its US debt holders that will enable the ASX gambling group to postpone payments on their debt agreements. Last month, Tabcorp announced it had entered into negotiations with US debt holders to get new covenant terms on its AUS $2.1 billion corporate debt tranche, maximising financial flexibility as…
Image copyright Getty Images “It’s like a last-ditch attempt to get the last bit of money out of a gambler. I was just disgusted.” Dave, not his real name, has fought gambling addiction nearly his entire life and now has 50,000 of gambling debt spread over up to six credit cards. He’s talking about when…
Jakarta (ANTARA) – Heru Hidayat, PT Trada Alam Minera Tbk (TRAM) president commissioner, laundered money by gambling at overseas casinos, using money allegedly derived from corruption in state-owned PT Jiwasraya’s investment fund management, Indonesian Attorney General’s prosecutor stated. The money obtained from corruption in the Indonesian state health insurance was laundered at casinos located in…