Day: 12 April 2019

UK Government Intends on Imposing a Ban on Credit Card Gambling

Fri 12 Apr 2019 13.48 Daniel Williams
UK Government Intends on Imposing a Ban on Credit Card Gambling

The Government of the United Kingdom is inclined to impose an outright ban on gambling with credit cards, which is established as a risk factor for developing problem gambling behaviours and fueling a gambling addiction. Following calls by the Labour Party for stopping the practice of gambling with money that you do not actually have, Culture Secretary Jeremy Wright commented that the Government intends to take action on this issue. Gambling with credit cards, which according to estimates amounts up to £8.6 billion every year, was pointed out as one…

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Crown Resorts Could Be Approached by Investors Who Fail to Get Japanese Gambling Licences

Fri 12 Apr 2019 8.03 Olivia Cole
Crown Resorts Could Be Approached by Investors Who Fail to Get Japanese Gambling Licences

This week, it became clear that the Australian casino giant Crown Resorts is up for sale following reports that Wynn Resorts had approached James Packer’s AU$6.4-billion gambling empire with a preliminary offer. However, as Casino Guardian reported, the American gambling behemoth exited the confidential takeover negotiations after the news for the talks leaked in the media. Now, despite the fact that Crown Resorts’ shares are trading higher in comparison to the days before the news of the possible takeover, it could remain a possible target for operators that fail to…

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