Cantor Gaming has been accused of illegal money laundering and going against the regulations of the Nevada Gaming Authorities. This is why the software developer is now being investigated by the USA Federal Government and the Nevada Gaming Authorities.
The investigation is almost finished, a major piece of evidence was put against Cantor Gaming’s case. The former bookmaker chief of Cantor Gaming Michael Colbert admitted to his actions of fraud. He will now be sentenced or charged for his actions. It is unclear as to what Michael’s future will be.
The wall street journal wrote about this money laundering case saying, “Investigators at multiple different government agencies in the USA are now investigating if the alligations made towards Cantor Gaming are true. The amount of money that has been laundered through Cantor Gaming is said to be millions of dollars. Investigators are now mainly looking at if Cantor Gaming accepted deposits that it never should have. This will make or break the case for Cantor Gaming.”
As always we will continue to keep you updated on this news story. As of right now it isn’t looking good for Cantor Gaming.