Company Reports

For many years, the Melbourne Cup has been one of the favourite events for thousands of Australian punters. However, some of the recent problems in the country’s horseracing sector have fended Australian customers off, making many of the punters lose their interest in the event. Hardly anyone would be surprised by the fact that the horseracing industry of Australia heavily relies on the local gambling industry. For the time being, it has been accounting for about 90% of the annual revenue of Racing Victoria and generated a turnover of over…

The largest online sports betting operator in Australia – Sportsbet – is set to pay a massive amount of money to its customers following a ruling of a local gambling regulatory body. The watchdog issued a decision that the bookmaker unfairly cancelled some customers’ bets on Australian Football League (AFL) matches after claiming that the odds that had been offered were errors. The bets that no player would make 40 (or more) disposals in round-10 AFL matches were accepted by the company earlier in 2019. However, before the first game…

Yesterday, the Chief Executive Officer of the UK Gambling Commission (UKGC) delivered a speech at the ARQ Conference in Malta. Mr Neil McArthur covered a number of broad issues associated with gambling and strongly criticised Malta-based gambling operators, revealing that such companies currently generate over 30% of the overall British gambling revenue. Mr McArthur started his keynote speech with some facts about the regulation of the UK gambling market. According to him, before the implementation of the 2014 legislation, the UKGC had managed to regulate only about 15% of the…

The casino company Genting UK has revealed that a planned revamp of its gambling property in Glasgow is already underway. The operator has also shared that the refurbishment, which has been estimated at £1.6 million, would fully transform one of the most popular gaming venues in Glasgow. The general manager of the casino, Iain Gardiner, shared that the company is making a significant investment in order to make sure its Glasgow customers can enjoy the best gaming experience. As mentioned above, work on one of the city’s iconic casinos has…

Crown Perth, the other iconic casino of Crown Resorts in Australia, is to face expensive industrial action at the very beginning of the spring racing carnival after the majority of its employees who are union members followed suit to their colleagues from Crown Casino Melbourne and plan to start efficient strike action. As revealed by Carolyn Smith, the secretary of United Voice WA, 96% of union members who currently work in Crown Perth backed strike action. This would be the first effective strike they participate in for the first time…

Problems of Crown Casino Melbourne are getting more serious since card dealers and bartenders of the casino are set to walk off their jobs for two hours this Friday night. As announced by the union which takes care of the casino employees’ interests, this would be the first one in a series of industrial actions which it has already warned to be planning throughout the Spring Racing season. Earlier today, United Voice said that its members who are currently employed by Crown Casino Melbourne, including card dealers, security guards, hotel…

The turbulent UK gambling market seems to have lately been inhospitable both to local and foreign gambling operators. The French online gambling company BetClic Everest Group has decided to stop offering its services in the UK in what is believed to be the latest one in a series of withdrawals from the country in the wake of Brexit uncertainty and tougher regulatory conditions. Earlier this week, both affiliates and customers of BetClic Everest Group learned that the gambling company is withdrawing from the UK. As a result from this decision,…

John Alexander, who heads the largest Australian gambling operator, has addressed Crown resorts’ investors to inform them that the casino company is taking the recently faced allegations seriously and attacked anti-Crown activists for exposing claims about links to foreign criminal organisations through junket operators, money laundering and evading customs checks for its high-roller customers. In a speech which Mr Alexander delivered at the annual general meeting of the casino giant, which took place earlier today, he said that the company does not tolerate any illegal activity, no matter if it…

The Auckland casino, hotel and entertainment complex of SkyCity is set to remain closed today, as firefighters are still dealing with the fire at the International Convention Centre of the operator. Yesterday, all casino patrons, as well as the guests at the Sky Tower and the restaurants, along with the ones of SkyCity and SkyCity Grand hotels were taken away due to the fire, which broke out at the Convention Centre around 1:00 PM. The Convention Centre has been under construction. As unveiled by the gambling and entertainment brand this…

Betting operator Tabcorp has signed a partnership agreement with the National Basketball Association (NBA) under which the US league’s games would be broadcast by the Australian company. The latter is also given the authorisation to offer betting on the sport on the territory of Australia. The deal comes after the gambling and entertainment group has unveiled a similar agreement with the National Football League (NFL). Now, the 24/7 TV channel of the NBA would be available in more than 4,400 bars, pubs and TAB betting outlets in the country, while…