Commissioner Leading Crown Resorts Inquiry in NSW Criticises the Operator for Some “Inexplicable” Mistakes

Commissioner Leading Crown Resorts Inquiry in NSW Criticises the Operator for Some “Inexplicable” Mistakes

The commissioner who leads the inquiry into Crown Resorts described the fact that the gambling company is not to learn from its past mistakes and address superiors in controversial situations. The critical view that Patricia Bergin, the commissioner, shared earlier today has been taken as a bad omen for the Australian casino giant, as it happened with a New South Wales (NSW) gambling regulatory meeting just around the corner. At the meeting, the competent authority is to decide whether to stop the planned opening of Crown Resort’s Barangaroo casino until…

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GVC Holdings to Rebrand to Entain Plc and Remain Operational in Regulated Markets Only

GVC Holdings to Rebrand to Entain Plc and Remain Operational in Regulated Markets Only

The UK gambling giant GVC Holdings is set to rebrand and change its name to Entain. This is not the only serious change that is being planned by the company, which announced that it intends to withdraw from all unregulated gambling markets in an effort to make things right after the departure of its previous boss. As shared by the current chief executive officer who took over the role in July 2020, Shay Segev, the announcement of the new strategy for sustainability, growth and innovation unveiled by the group marks…

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AML Failures Result in Boylesports Enterprise Facing Additional Gambling Operating Licence Conditions and £2.8-Million Fine

AML Failures Result in Boylesports Enterprise Facing Additional Gambling Operating Licence Conditions and £2.8-Million Fine

The UK Gambling Commission (UKGC) announced its decision to add a series of tougher conditions to the operating licence held by an online gambling company. The watchdog made the move after an assessment unveiled several money laundering failures of Boylesports Enterprise. The UK gambling regulatory body investigated Boylesports Enterprise’s business and found that the company had violated the rules imposed by the UKGC to prevent money laundering. The breach was found on the company’s boylecasino.com and boylesports.com domains. As part of its efforts to raise standards across the British gambling…

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Largest Scottish Bookmaker Warns Tough Days Are Ahead with No Government Support for the Gambling Sector

Largest Scottish Bookmaker Warns Tough Days Are Ahead with No Government Support for the Gambling Sector

A Scotland-based bookmaker that was saved by the country’s administration a year ago has raised a red flag that the independent gambling sector is expected to face a tough winter without much-needed support from the Government. The biggest independent bookmaker in Scotland – Scotbet – has called for some help from the country’s First Minister Nicola Sturgeon after the local Government denied to provide support for the company in the form of business rates relief or small business grants. Scotbet’s operations have been shut for more than three months from…

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Affluent Casino Player Takes Park Lane Club to Court for Allegedly Promised 0.9% Gambling Stakes Commission

Affluent Casino Player Takes Park Lane Club to Court for Allegedly Promised 0.9% Gambling Stakes Commission

An affluent gambler who spent the staggering amount of £27 million in five days by playing roulette is taking a Mayfair casino to court. Juste Puharic, a businessman from Croatia, claimed that he was promised by the Park Lane Club’s bosses to get paid if he played there. Mr Puharic further shared that he was allegedly refused the promised cash-back amount of almost £250,000 after he won. The Croatian businessman managed to secure a winning of almost £1.5 million after spending £27 million at the roulette table of the exclusive…

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Crown Resorts to Reopen Its Melbourne Casino Venue at a Reduced Capacity Amid Ongoing Regulatory Inquiry

Crown Resorts to Reopen Its Melbourne Casino Venue at a Reduced Capacity Amid Ongoing Regulatory Inquiry

Crown Resorts revealed that it is set to start the reopening of its Melbourne casino as of November 12th, as the state of Victoria emerges from the difficult and exhausting coronavirus lockdown, although the casino giant is still under serious regulatory pressure in New South Wales (NSW) and Victoria. The move was officially confirmed by the Australian Securities Exchange (ASX) release earlier today. It will see every second table game or electronic gaming machine in the venue switched off, while casino players will be limited to spend up to 90…

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UKGC Reveals Significant Increase in Financial Penalties Faced by Gambling Operators in the Last Fiscal Year

UKGC Reveals Significant Increase in Financial Penalties Faced by Gambling Operators in the Last Fiscal Year

The UK Gambling Commission (UKGC) decided to significantly increase the financial penalties against gambling operators while companies are being warned to make sure they do not take advantage of consumers during the second coronavirus pandemic lockdown. A few days ago, the gambling regulatory body published its latest Compliance and Enforcement Report, providing more information about the efforts it took over the 12 months that ended in March 2020 to make sure that all licenced retail and online gambling companies were in line with the rules. At the same time, the…

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James Packer Establishes Blind Trust Established for His Crown Resorts Stake after Critical Inquiry Issues Heard

James Packer Establishes Blind Trust Established for His Crown Resorts Stake after Critical Inquiry Issues Heard

According to industry sources, Australian billionaire James Packer had already established a blind trust to hold his 36% stake in Crown Resorts after an inquiry into the gambling operator’s business heard that the casino giant is unsuitable for its Barangaroo casino licence. The beneficiaries of the blind trust do not know of the holdings of the trust. They are also not given permission to intervene in the holdings in any way. According to experts, there are definitely some red flags for Mr Packer and the future of his majority stake…

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Park Lane Casino’s Operator Faces Gambling Operating Licence Revocation as UKGC Regulatory Sanctions

Park Lane Casino’s Operator Faces Gambling Operating Licence Revocation as UKGC Regulatory Sanctions

The UK Gambling Commission (UKGC) announced its decision to revoke the operating licence of the company that operates Park Lane Casino – Silverbond Enterprises Ltd. As the major gambling regulatory body of the UK shared, the decision was made because the watchdog is not satisfied with a recent change in corporate control at the gambling company, as it was concerned about the suitability of the new controller. According to the Commission, the latter has had an unsatisfactory history in providing information that the watchdog had required as part of its…

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Crown Resorts’ Not Suitable for Holding Its Barangaroo Casino Licence, Inquiry Claims

Crown Resorts’ Not Suitable for Holding Its Barangaroo Casino Licence, Inquiry Claims

The future of Crown Resorts’ casinos in Melbourne, Sydney and Perth is under question after a public inquiry into the gambling group’s operations heard that the company is unsuitable to hold a casino operating licence. On November 3rd, the inquiry also heard that the influence of the casino group’s major shareholder James Packer affected the mass arrest of Crown’s staff in China. The assertions came as part of the closing statement from the lawyer who was running the probe aimed at establishing whether Crown Resorts is fit for holding its…

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