Day: 21 January 2020

NSW Inquiry Counsel Says Crown Resorts May Have Violated Its Casino Licence by Failing to Inform Regulators about Melco Deal

Tue 21 Jan 2020 9.48 Olivia Cole
NSW Inquiry Counsel Says Crown Resorts May Have Violated Its Casino Licence by Failing to Inform Regulators about Melco Deal

The counsel who has been assisting the New South Wales probe into the Australian gambling behemoth Crown Resorts has revealed that the company’s failure to inform the competent authorities about the 20% stake sale to Melco International prior to the deal itself could be a violation of the casino operator’s casino licence. Adam Bell SC further noted that apart from a possible violation of the Barangaroo casino licence, such a breach could raise questions about the sustainability of Crown as a casino operator. The NSW probe started last week. During…

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Ireland Needs to Follow UK’s Suit and Unveil Stricter Gambling Regulation, Campaigners Say

Tue 21 Jan 2020 7.46 Daniel Williams
Ireland Needs to Follow UK’s Suit and Unveil Stricter Gambling Regulation, Campaigners Say

Only a few days ago, the gambling regulatory body in the UK unveiled stricter regime applicable to the use of credit cards in gambling transactions. As of April 14th, credit cards would no longer be allowed to be used in transactions involving gambling both off- and online, with the move being part of the latest efforts of the Government and the competent authorities to unveil stricter regulations in the sector. As previously revealed, about 24 million people gamble on the territory of the UK and approximately 800,000 use a credit…

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