Company Reports

One of the biggest gambling companies – the Rank Group – has urged London customers to get to their normal “fired-up” selves again, after it suffered significant losses because of the coronavirus pandemic. The gambling operator is also hit by the continued absence of affluent casino patrons and high-rollers. As the group revealed in a statement for its preliminary annual results for the year that ended on June 30th, 2020, its pre-Covid-19 results remained strong, demonstrating the efficiency of its new strategy. However, the annual revenues for the twelve-month period…

The inquiry held by the Australian integrity commission has found that the high-roller customers of Crown Resorts, including individuals who had initially been rejected permission to enter the country on character grounds, have been given preferential visa treatment by the Home Affairs. According to the probe held by the Australian Commission for Law Enforcement Integrity, the officials responsible for the checks of Crown Resorts’ VIP customers were found to have been keeping a poor record of these clients, noting that some of these individuals may have escaped thorough baggage checks.…

The extensive engagement of Australians with poker machines, also known as “pokies” has continued after the coronavirus lockdown, too, with local residents spending hundreds of millions of dollars into the terminals and prompting renewed calls for stricter actions against licensed premises to tackle the increasing gambling addiction rates. According to reports, Australian pokie machine gamblers lost a total of AU$800 million in just one month after the country’s Government relaxed the restrictions of casinos and pokie clubs and pubs. The majority of poker machine premises resumed operations on June 1st…

UK-regulated online betting firm Betway announced it has sealed a sponsorship deal that would enable it to adorn the jerseys of Spain’s Espanyol de Barcelona football club with its logo. The online gambling company is to replace the previous sponsor of the club, LD Sports that hails from China. The Chinese content brand had initially sealed a two-year sponsorship contract with the Spanish team at the beginning of the 2019-2020 season but broke it off at the expense of €4 million after Espanyol dropped out from La Liga, Spain’s top…

In July, the UK Gambling Commission (UKGC) released its latest update of the statistics regarding the impact that the coronavirus pandemic on the country’s gambling sector. As revealed by the gambling regulatory body at the time, although the peak of the coronavirus pandemic in Great Britain is considered to have been brought to an end, the Covid-19 infection and the lockdown that followed is still affecting every industry across the country. Apart from that, the lockdown period has brought considerable changes to consumer behaviour and has affected the gambling sector,…

A Grosvenor-branded casino, located in the town of Bolton, Greater Manchester, was accused of violating shut-down hours after the government unexpectedly had a change of heart about the lockdown rules in the area. The gambling venue, located at Ormrod Street, reopened its doors to customers yesterday at midday under the assumption the county’s anti-coronavirus measures have been lifted. Shortly after the first patrons made it to the casino floor, the authorities reversed their decision from last week. They decided not to remove the lockdown restrictions just yet, which means non-essential…

Ladbrokes, one of the largest gambling brands in Great Britain, is facing an investigation on behalf of the European Commission. The London-based gambling company that became part of the betting giant GVC Holdings in 2018 is now being probed by the European regulators for allegedly monopolising the online sports wagering market in Belgium. The investigation aims to establish whether or not the UK-listed gambling company indeed has the exclusive right to offer virtual betting services on the Belgian market. The probe was launched following complaints from two other gambling firms…

A patron of SkyCity Casino’s Auckland outfit accused the gambling operator of trying to expand its membership base by demanding visitors to join its loyalty programme. The visitor, who insisted to remain anonymous, complained to local media that staff members demanded that he register for the casino’s rewards programme before he was permitted to enter the casino floor. The man claims a member of the casino’s personnel stopped him at the entrance and demanded to know whether he was a member of SkyCity. Upon giving a negative response, the man…

The chief legal officer of Crown Resorts, one of the biggest entertainment groups in Australia, unveiled during a public inquiry that the gambling company’s anti-money laundering department failed to monitor adequately two suspicious bank accounts. The inquiry in question was conducted yesterday by the Independent Liquor and Gaming Authority of New South Wales. The Australian Commonwealth Bank and the Australia and New Zealand Banking Group (ANZ) blocked the accounts of the two Crown customers once they noticed several suspicious money transfers have been processed. The transactions totalled hundreds of thousands…

Earlier today, the UK Gambling Commission (UKGC) explained that the new operator of the country’s National Lottery will be expected to donate a portion of its profits to good causes after the current holder of the operating licence faced criticism for not boosting the amount of money contributed to charity organisations despite generating considerable profit growth. The country’s gambling regulator that also oversees the operation of the UK National Lottery shared that no matter who ran the lottery would be required to spare a fixed amount to the fund that…