Company Reports

The UK Gambling Commission issued another warning towards the personnel of Caesars Entertainment. After the regulatory body imposed a £13 million fine on the casino operator in April 2020, it continued its investigation to further regulate the activities offered by Caesars Entertainment UK Limited. The heavy fine was levied on the company as a penalty for violating several rules, including guidelines for social responsibility, money laundering, and customer interaction protocols. According to the Gambling Commission, the main victims of these violations were the high-roller VIP customers of the casino, which…

Moody’s Investors Service has confirmed it has changed Crown Resorts outlook to negative. The rating agency has shared that the Australian gambling company Crown Resorts has received a Baa3 rating, with its outlook having been changed to negative. The revelation has come at a time when Crown Resorts has been dealing with serious problems in three Australian states following the scanting report of the former Supreme Court judge and current NSW Commissioner Patricia Bergin. Following the negative outlook announcement, one of the Moody’s analysts – Maadhavi Barber – explained that…

Turbulence at Crown Resorts is getting more and more serious, as the gambling operator has announced that another one of its key directors is stepping down. Earlier today, the Australian casino giant revealed that John Poynton has resigned as the board’s chairman of Crown Perth and a company’s director with immediate effect. Mr Poynton’s departure is the latest one in a series of chief executive exits at the gambling company after the scanting report of New South Wales (NSW) Commissioner Patricia Bergin has alleged widespread poor governance and serious money…

The gambling regulator of Western Australia issued strict directions to Crown Resorts to ban it from allowing any junket operators to offer their services within its Perth casino after a New South Wales (NSW) Commissioner’s report found considerable governance failures of the gambling company. The gambling giant has confirmed that it had received the order issued by the Gaming and Wagering Commission of Western Australia under the provisions of the Casino Control Act 1984. Crown Resorts lodged a statement to the Australian Stock Exchange yesterday, saying that the WA watchdog…

Daniel Andrews, the Premier of the state of Victoria, has revealed that he is ready to revoke the operating licence for Crown Resorts’ Melbourne casino in case such a step is recommended by the Royal Commission. The future of the Australian gambling giant’s casino venue in Melbourne has been put under question after the Victorian Government announced an unprecedented inquiry into the company’s casino operations late on February 22nd. The investigation is aimed at finding out whether the company had broken the state’s gambling legislation and whether it was fit…

A new Royal Commission in the state of Victoria is set to test the suitability of Crown Resorts to run its Melbourne casino after a NSW inquiry into the Australian gambling giant found it unsuitable to hold the operating licence for its newest casino in Sydney. The Royal Commission is required to issue a report by August 1st, 2021. Raymond Finkelstein QC, a former federal court judge and senior barrister, has been appointed commissioner. The Government of the state of Victoria issued a statement, saying that the move was initiated…

One of the largest bookmakers, Flutter Entertainment, unveiled its decision to suspend the use of credit cards for gambling transactions in Ireland as of the beginning of April 2021. The company has already made the same move in the UK, and its decision to do the same in Ireland comes shortly before the planned establishment of a local independent gambling regulatory body. Furthermore, the owner of the Paddy Power, Betfair and Sky Bet brands revealed that it would impose a voluntary “whistle to whistle” ban on gambling advertising during live…

The Australian Communications and Media Authority (ACMA) officially revealed that it is set to ask Australian Internet Service Providers (ISPs) to suspend more unlawful online gambling sites. The country’s communications and media services watchdog shared that it had received multiple complaints regarding 18 offshore gambling websites that have been offering their services to local customers without an operating licence. After an investigation was held, the regulatory body found that the foreign gambling websites had been operating in violation of Australia’s 2001 Interactive Gambling Act. The sites that are set to…

The gambling regulatory body of Western Australia (WA) has recommended Premier Mark McGowan’s Government start an independent inquiry into the suitability of Crown Resorts to hold the sole casino licence in the state. The recommendation was made following an urgent meeting of the local Gaming and Wagering Commission (GWC) and was backed by the Gaming Minister. The move follows the revelations made during the investigation into the Australian gambling giant’s operations in New South Wales (NSW) and the scathing report of Commissioner Patricia Bergin into the gambling company. The report…

The New South Wales (NSW) gambling regulatory body has officially informed Crown Resorts that it is no longer considered suitable to run a casino in the state, the Australian gambling giant said in an Australian Securities Exchange statement released earlier today. The casino operator further shared it had also been found to have violated a clause of the gaming regulations in the state of NSW. As revealed earlier today, the Independent Liquor and Gaming Authority (ILGA) has also started a consultation process into whether Crown Resorts is able to iron…