Company Reports

The largest gambling operator in Australia, Tabcorp, has shared that it decided to remain open for new takeover offers for its betting unit after rejecting a number of earlier offers and confirming a plan to spin off its lotteries business. The beginning of the week saw the gambling group unveil the results of a recently completed strategic review of its business, as well as a decision to turn down the offers for its TAB wagering division that it has received so far from the private equity firm Apollo Global Management,…

Ladbrokes and Coral brands’ owner is examining the European assets of William Hill, sharing it has taken into consideration the possible takeover of some parts of the British bookmaker that was acquired by Caesars Entertainment earlier in 2021 in a £2.9-billion deal. The British gambling giant Entain, which also owns the Partypoker and bwin brands, has been considering a possible takeover bid for William Hills’ business outside the US as part of something that has been considered in what is likely to be categorised as a benchmarking exercise. According to…

The Royal Commission in the state of Victoria has heard that casino operator Crown Resorts failed to stop a punter who gambled for 96 hours straight, without leaving the casino. As heard by the inquiry, the casino patron – a female problem gambler who was not named during hearings – was left to play baccarat for four straight days and even take naps slumped at the poker machines at the Southbank casino of the Australian gambling giant. At the time when the woman’s social worker gave evidence in a private…

New figures have revealed that football clubs across the UK are getting rid of their sponsorship agreements with gambling and drinks companies over increased criticism of these partnerships and the fears that the Government could suspend betting logos on their shirts. According to industry data, the share of the sports sponsorship market held by gambling operators was reduced almost by one-half from 15.3% to 8.1% over the past couple of years. The aforementioned reduction has been almost fully provoked by the fact that football clubs have been scrapping their sponsorship…

The UK Gambling Commission (UKGC) published an update regarding the investigation into BetIndex and its Football Index platform because of the ongoing interest from the company’s customers. This is the first update on the matter that has been made by the UKGC since its last one on March 19th. The country’s gambling regulatory body shared that although its investigation in BetIndex is still ongoing, making the company focus on providing its customers with fair treatment and enough information about any developments affecting them remains among its top priorities. For the…

The British gambling operator Entain Plc is considering a new improved offer for TAB – the media and sports betting arm of Australian gambling giant Tabcorp – in order to eliminate the competition and eventually take over the lucrative assets. That is why the interim results of Entain that are set to be published on July 8th are expected to be monitored closely by Australia’s sports betting incumbents, who are willing to check whether the British gambling group is to actually boost its acquisition offer for the TAB unit. In…

The ongoing investigation into Crown Resorts has heard that although the Australian gambling giant was aware of the fact that its method of helping high-roller customers to use credit cards in order to purchase casino chips was probably illegal, Michelle Fielding, the company’s head of regulation and compliance developed legal arguments in case Victorian gambling regulator had caught the irregularities. As it became clear at the hearing, Crown Resorts used the advice, written by Debra Tegoni, its former legal adviser, to help so-called VIP players transfer over AU$160 million in…

A new venue offering slot machines is set to start operation in the city centre of Worcester after local authorities gave the green light to the company’s project. The British gambling operator Cashino Gaming, which currently operates about 150 high-street venues across the country, had previously unveiled its plans to establish an adult gaming centre. Under the company’s plans, the venue that will occupy the building of a former bank in The Cross is set to host slot and fruit machines, along with some online bingo tables. The Planning Committee…

Yesterday, the British online gambling company 888 Holdings revealed that it is expanding its presence in the US thanks to a new partnership deal with Sports Illustrated. Under the agreement, the operator is set to roll out a betting platform in the US by the end of 2021. The British gambling operator saw a 2% share value increase to 406p in early trade in London following the announcement of the deal with the iconic US sports website and magazine. 888 Holdings shared that its partnership with Sports Illustrated would develop…

Earlier today, the Royal Commission in the state of Victoria heard that a former senior executive of Crown Resorts ordered surveillance on a journalist from The Age. At the hearing, it became clear that the surveillance had to be carried out by a private investigator who is a close friend to Craig Walsh, the general manager of security and surveillance at the Australian gambling giant. The inquiry into the gambling company heard that in April 2016, Mr Walsh asked the former homicide detective, who has not been named for privacy…