Crown Resorts Expects Improvement in VIP Gambling Volumes in Australia

Crown Resorts Expects Improvement in VIP Gambling Volumes in Australia

A large number of affluent players from all over the world are returning to Australia and its casinos, and what is more, industry experts have projected that the trend of such a growth is to continue. After a number of Crown Resorts employees were taken into custody in October 2016 for illegally promoting gambling in mainland China, Australian VIP casino programs faced a lot of difficulties. These setbacks have cast a shadow over Crown Resorts’ revenue generated from the Australian casino behemoth’s VIP program, reducing it by approximately 50%. As…

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William Hill Enters Preliminary Talks over Possible Merger with CrownBet

William Hill Enters Preliminary Talks over Possible Merger with CrownBet

One of the leading British gambling and sportsbook operators – William Hill – has confirmed that negotiations over a possible deal between its Australian business and its rival company CrownBet had already started. Still, William Hill shared there was no certainty that the two companies will reach an agreement. The gaming and betting giant has revealed that it is in a very early stage of possible merger talks with the James Packer-owned online gambling company CrownBet, saying that it has held only “very preliminary discussions” with its Australia-based rival. Currently,…

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Crown Resorts Appoints Two New Directors as Part of Company’s Overhaul

Crown Resorts Appoints Two New Directors as Part of Company’s Overhaul

Casino operator Crown Resorts has revealed the appointments of two non-executive members to its Board of Directors. The addition of the new directors came as the latest change in the recent overhaul of the company’s leadership team that has been brought in 2017. As mentioned above, the news came as one of the several leadership changes revealed by Crown over the current year. Most of the changes were made after the casino and gambling operator unveiled its decision to become more focused on its Australian operations and lessen its exposure…

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William Hill Online Division Results Can Counterbalance UK Gambling Crackdown Effects

William Hill Online Division Results Can Counterbalance UK Gambling Crackdown Effects

Today, the leading UK gambling operator William Hill posted its latest trading update for the unaudited six months of the year and the full-year ended on October 24th 2017. The company highlighted its financial and operational progress over the second half of the year, reporting that both its retail net revenue and online net revenue rose over the above-mentioned period. Philip Bowcock, the Chief Executive Officer of William Hill, particularly praised the company for its online business performance, saying that UK wagering was 14% ahead of last year, regardless of…

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ACT Greenlights Tabcorp-Tatts Merger Once Again

ACT Greenlights Tabcorp-Tatts Merger Once Again

The AU$11-billion merger deal between the gambling behemoths Tatts Group and Tabcorp seems to be back on track, after the Australian Competition Tribunal (ACT) gave its permission to the deal once again. The watchdog, however, allowed the deal to happen under once condition, which requires Tabcorp to dispose of its Odyssey Gaming business in Queensland. So, the two companies seem to may be forced to overcome more legal difficulties in case that the opponents of the merger decide to challenge it in court once again. Tabcorp commented on the decision…

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Genting UK Rolls Out First-Ever Interactive Sports Lounges

Genting UK Rolls Out First-Ever Interactive Sports Lounges

The top casino operator Genting UK has officially announced the roll-out of interactive sports lounges. Genting Casino Sheffield and Genting Casino Liverpool Queen Square are to become the first casinos of the brand to launch the unique facility, which has never been offered by Genting before. The innovative sports lounges that are to be brought to the two gaming venues are to provide the brand’s customers with high-quality sports viewing facilities and also with a couple of gaming products which are completely new to the UK. Two Genting Casinos to…

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OPAP Sees 64% Q3 Net Profit Increase Thanks to Video Lottery Terminals Rollout

OPAP Sees 64% Q3 Net Profit Increase Thanks to Video Lottery Terminals Rollout

The Greek betting company OPAP revealed a massive increase in its third-quarter net profit, saying that the boost was driven by its newly-released video lottery terminals, as well as by the reversal of litigation provisions. Currently, the operator is the fifth-largest betting company on the territory of Europe. In its latest fiscal report, OPAP revealed that its net profit over the period from July to September amounted to €48.1 million. In comparison, the net profit reported by the firm over the same period a year earlier was estimated to €29.3…

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Denise Coates Becomes the Highest-Paid Company CEO in the UK

Denise Coates Becomes the Highest-Paid Company CEO in the UK

The founder of bet365 Denise Coates has reportedly become the highest-paid chief executive officer in the UK, after receiving a payment of £217 million in 2016. Last year, the reported profit generated by the online gambling operator reached £525 million, while the brand’s customers wagered a record of £47 billion. The amount wagered topped the bets made over the previous year by approximately £10 million. The payment came as a recognition for the massive growth in the gambling operator’s profits, which were up by 15% and reached £514 million. According…

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Neds Gets Another Backlash for “Excessive Gambling” Promotional Ads

Neds Gets Another Backlash for “Excessive Gambling” Promotional Ads

The online betting agency Neds got another backlash after it was forced to pull out another one of its adverts after complaints have been made to the Australian Standards Bureau (ASB). The latest TV commercial that Neds was forced to withdraw was considered to be promoting excessive gambling according to the board of the Australian Standards Bureau. The ad and its tagline “It’s time to bet” has been removed from all websites and YouTube, too. This is the second time the company suffers a sanction due to various complaints related…

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Sky Bet Insists No Gambling-Related Tax Increase Should Be Made in UK

Sky Bet Insists No Gambling-Related Tax Increase Should Be Made in UK

Sky Bet’s boss has tried to persuade Chancellor Philip Hammond not to increase gambling-related taxes in the upcoming Budget. According to the gambling operator’s Chief Executive Officer Richard Flint, such a step could restrain the company’s investment plans for its domestic markets. The commentary of Mr. Flint came at a time when Sky Betting & Gaming, the parent company of Sky Bet, revealed a 38% revenue increase to £516 million. The operator’s EBITDA (earnings before interest, taxes, depreciation and amortisation) also rose by 38% in comparison to the previous year,…

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