Enforcement Directorate claims evidence of forex violations, unregulated online gambling, crypto misuse and hawala transactions
Big Daddy Casino, India’s largest offshore gaming and entertainment destination on the Mandovi River in Goa, has spoken out about recent inquiries conducted by the Enforcement Directorate (ED).
Golden Globe Hotels, Worldwide Resorts and Entertainment, Big Daddy Casino, Goa, and Strike Casino confirmed their full cooperation with the authorities regarding the ED’s activities, which the agency has stated covered a total of 15 locations across Goa, Delhi-NCR, Mumbai, and Rajkot on September 28, 2025.
Foreign Exchange Manage ment Act (FEMA), 1999, the Enforcement Directorate (ED) carried out a series of coordinated search operations across Goa, Delhi-NCR, Mumbai, and Rajkot, finding evidence of systematic forex violations, unregulated online gambling, crypto misuse and hawala transactions.
A spokesperson at Big Daddy said: “It is important to clarify that out of the total premises covered, only four locations are linked to our group: the two operational casino properties, Big Daddy Casino, Goa, and Strike Casino, Goa, along with two of our company office premises in Goa and Gurgaon.
“We categorically clarify that no cryptocurrency, foreign currency, or illegal funds were seized from any of our properties (M/s. Golden Globe Hotels Pvt. Ltd., M/s. Worldwide Resorts and Entertainment, Big Daddy Casino, Goa, and Strike Casino).
“Any reports in the media suggesting such seizures were made from our properties are factually incorrect. The group understands that the ED’s operations involved multiple, separate locations across various cities, and any reported seizures are from those other, unrelated premises.
“We want to state clearly that our companies do not operate or run any online casinos. This is completely false and misleading. Our entities operate licensed, regulated, land-based casinos only. If any individual employee, ex-employee, or associate has independently engaged in promoting or operating online platforms, they have done so entirely in their personal capacity, outside the knowledge or authorization of our companies. Such individuals are solely responsible and liable for their actions.
“We object to any attempts to link our companies with illegal online gambling or cryptocurrency activities. Such reporting is damaging and misleading. Our management is committed to upholding the highest standards of compliance and transparency and will continue to fully assist the authorities as required.”
A spokesperson for the ED said: “During the course of the search, foreign currency equivalent to approximately Rs 3 lakh, Indian currency amounting to Rs 13 lakh (approx), incriminating chits and records of illegal forex transactions, and two mobile phones were seized. Initial examination of the digital ev idence has revealed telephonic chats and communications which indicate that the shop owner was engaged in unau thorized dealings in foreign exchange, with the total value of such transactions estimated to be around Rs 2–3 crore.”
The ED said the seized material provides “strong evidence of systematic illegal forex trading in violation of the provisions of FEMA, 1999. Multiple online casino platforms, namely, rolex777.co, iCasino247.com, play247s.com, Win Daddy, Poker Daddy, among others, were actively promoted by staff members of the casino under M/s Golden Globe Hotels. The use of angadia services through crypto wallets to facilitate USDT transfers both to Dubai and various locations across the world has been unearthed. Moreover, several mule accounts were identified as being used for the deposit and withdrawal of gambling winnings, which were subse quently transferred to different individuals abroad.”
The ED added, “Different cryptocurrencies, including USDT of more than Rs 90 lakh, were found and frozen during the action. Incriminating documents and digital evidence have been seized, which establish violations of FEMA provisions as well as linkages with cross-border hawala and crypto transactions. Further investigation is in progress.”
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Enforcement Directorate claims evidence of forex violations, unregulated online gambling, crypto misuse and hawala transactions Big Daddy Casino, India’s largest offshore gaming and entertainment destination on the Mandovi River in Goa, has spoken out about recent inquiries conducted by the Enforcement Directorate (ED). Golden Globe Hotels, Worldwide Resorts and Entertainment, Big Daddy Casino, Goa, and…
The post Goa’s Big Daddy Casino Group clarifies ED inquiries and denies seizure claims appeared first on G3 Newswire.