Racketeering

Criminal scheme of recurrent extortion

📊 Rating

1 news mentions · 👍 0 likes · 👎 0 dislikes

📌 Topics

Corporate Litigation (1)
Market Competition (1)
Financial Markets (1)

🏷️ Keywords

Playtech (1) · Evolution (1) · racketeering lawsuit (1) · RICO Act (1) · online gambling (1) · share price (1) · U.S. market (1) · monopoly (1)

📖 Key Information

In the United States, racketeering is a type of organized crime in which the perpetrators set up a coercive, fraudulent, extortionary, or otherwise illegal coordinated scheme or operation (a "racket") to repeatedly or consistently collect a profit. The term "racketeering" was coined by the Employers' Association of Chicago in June 1927 in a statement about the influence of organized crime in the Teamsters' Union. Specifically, a racket was defined by this coinage as being a service that calls forth its own demand, and would not have been needed otherwise.

📰 Related News (1)

🇺🇸 Playtech shares fall as Evolution adds it to U.S. "racketeering" lawsuit (2026-04-09)

🔗 Entity Intersection Graph

People and organizations frequently mentioned alongside Racketeering:

Evolution · 1 shared articles
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Playtech · 1 shared articles
Racketeer Influenced and Corrupt Organizations Act · 1 shared articles