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GAMBLING IS A MAJOR MOTIVATOR OF FRAUD IN AUSTRALIA

KPMG, a respected international professional business services provider, has released details of an Australian study it has conducted that shows an increase in business fraud, and identifies gambling as a significant reason for dishonest employees to steal money from their companies.
 
Last August, the company sent out questionnaires to a representative sample of New Zealand and Australia's largest organisations across the public and private sectors seeking information about incidents of fraud in the period February 2006 to January 2008. 

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Usable responses were received from 420 organisations, with 222 577 separate incidents of fraud reported. This amounted to a "significant increase" from the previous survey in 2006.
 
The total value of fraud reported was $301.1 million and "gambling was the most common motivator", says KPMG's eighth biennial Fraud Survey.
 
"The trend is clear: Fraud continues to be a big problem for Australian and New Zealand organisations," says the report. "The worrying signs are that gambling continues to be a strong motivator for fraud, and that fraud recoveries at 11 percent have decreased substantially from the 37 percent experienced in 2006."
 
44 percent of the reported fraud was attributed to gambling - a twofold increase on the 2006 survey - followed by 'greed and lifestyle' at 37 percent. Gambling as a motive resulted in an average value per incident of $1 101 808 compared to $299 729 in 2006.
 
15 percent of the largest incidents involved some form of identity fraud, the report reveals. Non-management employees were the most likely to offend, and the most common form of identity fraud involved unauthorised use of credit cards or card numbers. Respondents reported 154 602 cases of this kind with a total value of more than $90 million.



Gambling News :

Oink Country Love Slot Launches - Oink Country Love will have players tapping their feet to the country beat with the lovable Oink Bros, Willy and Chancho, who are trying to win over the heart of Miss Southern Charm in this five by three reel, 45-line online slot.

Tim Chung Wins MPNPT Manchester - The 288-runner £550 MPNPT Manchester Main Event today crowned its champion, awarding the bulk of the £150,000 total prizepool to the nine players surviving after two days of tournament poker at the Grosvenor Casino.

MPNPT Manchester Day 2 - Day 2 of the £550 MPNPT Manchester Main Event saw 60 Day 1 survivors (from a total of 288 entries) and three intrepid last-minute registrants sit down to play to the final table.

Day 1B MPN Poker Tour Manchester - Day 1B of the £550 MPNPT Manchester Main Event saw the field rise to 285, as players took full advantage of the whole-day re-entry period.

Day 1A MPNPT Manchester - The £150,000 guaranteed MPNPT Manchester kicked off today in style – 74 poker players from all over Europe arriving at the Grosvenor Casino to contend the first of two starting days

Kung Fu Rooster Slot Goes Live - Celebrate Chinese New Year - 2017 Year of the Rooster. It's time to sweep away any ill-fortune and make way for incoming good luck, with this exciting 12 lines slot game.

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3 New Betsoft Slots - 3 new Betsoft slot Games were also added this week to most online casinos allowing US players.

2017 Bodog Super Millions Poker Open - The first events on the 105-tournament schedule have already been completed; there are three more tourneys on Thursday’s schedule, with a total of $34,000 in guaranteed prize money waiting to be won.

Pokerstars Pulls Out Of Coloumbia - Pokerstars Has taken the decision to cease offering real money services to players located in, playing from or resident within Colombia, effective from the 17th of July 2017.

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