A court order for the confiscation of assets belonging to an iGaming operator registered in Malta, valued at approximately €400 million ($433 million), was carried out by a concerted operation by law enforcement agencies throughout Italy.
The operator made use of a system known as a "cascade," which was made possible by connections to criminal groups. These components offered protection and contributed to the brand's online popularity, and local companies enabled the illegal collection of proceeds, with a portion going to the criminal organizations. This arrangement would have kept growing and was used to launder large amounts of money.
The operator made use of a system known as a "cascade," which was made possible by connections to criminal groups. These components offered protection and contributed to the brand's online popularity, and local companies enabled the illegal collection of proceeds, with a portion going to the criminal organizations. This arrangement would have kept growing and was used to launder large amounts of money.