NSW police charge two in Dally M investigation

New South Wales Police have charged two individuals in connection with a NRL Dally M Medal Awards betting scandal.

Reported on the Sydney Morning Herald, Joshua Wilson, 29, and Ben Trevisiol, 31, were charged with using inside information to bet on Melbourne Storm coach Craig Bellamy before he won the 2019 Coach of the Year award. Both Wilson and Trevisiol were also found to be possessing inside information to communicate to others.

“Police will allege in court that the men placed bets on the 2019 Dally M Coach of the Year Award winner with prior knowledge of the result,” NSW police said in a statement.

“It will also be alleged that they shared information with other individuals, who in turn placed bets with various betting agencies.”

Last week, police raided Wilson’s sports technology company, StatEdge, which was reportedly used by judges to cast their votes ahead of the event. The company had a contract with the NRL to also handle team lists and team changes as well as the software for the management of junior competitions.

Trevisiol served as the General Manager of the company, and also had a contract with Rugby Australia. It has been alleged that the two had sent text messages which discussed the amount of money that they were going to wager on Bellamy after they knew he would win

To read the full story click here>>> https://sbcnews.co.uk/sportsbook/2020/05/28/nsw-police-charge-two-in-dally-m-investigation/

Singapore Casino Probed Over Laundering Controls

The Singapore casino of billionaire Sheldon Adelson’s Las Vegas Sands Corp. is being probed by the U.S. Department of Justice over whether anti-money laundering regulations were breached in the way it handled the accounts of top gamblers.

The Justice Department in January issued a grand jury subpoena to a former compliance chief of Marina Bay Sands Pte, seeking an interview or documents on “money laundering facilitation” and any abuse of internal financial controls, according to a copy of the subpoena seen by Bloomberg News.

Prosecutors asked the former compliance head, as a person with knowledge of the casino’s operations, to produce records related to any such violations including through gambling junkets and third-party lending using casino credit, the document shows. The U.S. inquiry, which people familiar with the matter said is likely in its early stages, is also seeking to establish if there was any retaliation against whistleblowers, according to the subpoena.

For more information click here>>> https://www.cdcgamingreports.com/adelsons-singapore-casino-probed-over-laundering-controls/

Tabcorp secures debt interest amnesty for 2020 

Tabcorp Holdings has reached an agreement with its US debt holders which will allow the ASX gambling group to defer payments on its debt covenants.

Last month, Tabcorp communicated that it had entered negotiations with US debt holders to obtain new ‘covenant terms’ on its corporate debt tranche of AUS $2.1 billion, maximising financial flexibility as it looks to navigate COVID-19 headwinds.

Issuing a market filing, Tabcorp confirmed that US debt holders will allow the company to defer its next two covenant interest payments covering the trading periods of 30 June and 31 December 2020.

The reprieve on interest repayments will see Tabcorp cancel its investor dividend rewards for the fiscal year ending 30 June – a measure which had been previously communicated in Tabcorp 2019/2020 full-year results.

To read more click here >>> https://sbcnews.co.uk/latestnews/2020/06/04/tabcorp-secures-debt-repayment-amnesty-for-2020/