Day: 9 August 2019

The massive expansion of William Hill into the US has led the British gambling operator through the $1-billion barrier in a few states which have recently made sports betting legal, including Mississippi and New Jersey. The company, which is one of the largest bookmaker in the UK, has been quickly expanding its presence in the US sports betting after the US Supreme Court lifted the federal ban and liberalised the sports betting sector which was previously suspended under the provisions of the Professional and Amateur Sports Protection Act of 1992…

Yesterday, the Australian casino operator Crown Resorts confirmed that New South Wales’ gambling regulatory body had notified it for an upcoming inquiry into Melco Resorts and Entertainment’s planned stake purchase in the company. The agreement was announced by Melco Resorts in May, with the operator revealing that it would acquire a 19.99% stake in the Australian gambling operator at the price of $1.2 billion. James Packer-controlled CPH Crown Holdings Pty Ltd emerged as the seller. Lawrence Ho is currently the controlling shareholder, Chief Executive Officer and Chairman of Melco Resorts.…