• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

Bangladesh Bank appeals dismissal of suit versus Bloomberry

Apr 22, 2020 Newsdesk Latest News, Philippines, Top of the deck  


Bangladesh Bank appeals dismissal of suit versus Bloomberry

Philippine casino investor Bloomberry Resorts Corp said in a Tuesday filing that Bangladesh’s central bank had appealed against a United States’ court decision from March dismissing racketeering claims against a Bloomberry unit and others over the February 2016 online theft of US$81 million.

Bloomberry said the Bangladesh Bank filed on Monday an appeal to the U.S. Court of Appeals against an opinion and order of the U.S. District Court, Southern District of New York.

The lower court had dismissed claims against a unit called Bloomberry Resorts and Hotels Inc made under Racketeer-Influenced and Corrupt Organizations (RICO) Act. The RICO Act allows parties to go after organised syndicates, covering financial crimes like wire fraud and money laundering. The civil legal case had been filed in January 2019.

Bloomberry controls the Solaire Resort and Casino in the Philippine capital, Manila. It was reported at the time of the heist – allegedly conducted via an account at the Federal Reserve Bank of New York in the U.S., held by the Bangladesh Bank – that the money was diverted to four accounts at a Rizal Commercial Banking Corp branch in Makati, Metro Manila.

At least part of the funds was later reportedly moved to “Philippine casinos” where it was “used to purchase gaming chips” that were played in “casino and junket rooms,” noted Bloomberry’s Tuesday filing.

Bloomberry’s latest filing said the civil case was to collect an amount “allegedly lost by Bangladesh Bank from North Korean hackers who broke into Bangladesh Bank’s systems and sent multiple remittances orders to their account with the Federal Reserve Bank of New York, and some remittance orders were allowed to be transacted through four correspondent banks in New York”.

A U.S. Department of Justice criminal complaint in 2018 had charged a North Korean citizen with involvement in the Bangladesh Bank online heist.


  • tweet
Related articles
  • Tourists back but Solaire still taps home market: Razon
    Tourists back but Solaire still taps...

    Apr 21, 2023  

  • Jeju Sun to tap parent Bloomberry on marketing, poss clients
    Jeju Sun to tap parent Bloomberry on...

    Nov 18, 2022  

More news
  • Genting Malaysia revenue at US$494mln in 1Q, narrows loss
    Genting Malaysia revenue at US$494mln...

    May 25, 2023  

  • Londoner Macao pulls in foreigners and Chinese: LVS CEO
    Londoner Macao pulls in foreigners and...

    May 25, 2023  


Latest News

Genting Malaysia revenue at US$494mln in 1Q, narrows loss

Genting Malaysia revenue at US$494mln in 1Q, narrows loss

May 25, 2023  

International casino operator Genting Malaysia Bhd recorded total first-quarter revenue of just above MYR2.28 billion (US$493.7 million), up 32.7 percent from the prior-year period. Judged...
Read More
Londoner Macao pulls in foreigners and Chinese: LVS CEO

Londoner Macao pulls in foreigners and Chinese: LVS CEO

May 25, 2023  

Cambodian unionist jailed over strike tied to NagaWorld

Cambodian unionist jailed over strike tied to NagaWorld

May 25, 2023  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

”While Macau gaming stocks stopped paying dividends during Covid, we expect they will start paying after deleveraging”

Morgan Stanley banking group



Most Popular

  • Londoner Macao pulls in foreigners and Chinese: LVS CEOLondoner Macao pulls in foreigners and Chinese: LVS CEO May 25, 2023
  • Genting Malaysia revenue at US$494mln in 1Q, narrows lossGenting Malaysia revenue at US$494mln in 1Q, narrows loss May 25, 2023
  • Macau 1Q GDP up 39pct as gaming exports doubleMacau 1Q GDP up 39pct as gaming exports double May 25, 2023
  • Macau gaming, hospitality hire 1.8K workers in Feb to AprMacau gaming, hospitality hire 1.8K workers in Feb to Apr May 25, 2023
  • Cambodian unionist jailed over strike tied to NagaWorldCambodian unionist jailed over strike tied to NagaWorld May 25, 2023
Copyright 2014-2023 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us