Company Reports

Some critics of the luxury Sydney casino development of Crown Resorts say the project could become an investment that would be not only expensive to maintain but also difficult to dispose of. The casino development in Sydney is planned as one of the city’s tallest residential buildings, with the project also including the construction of a VIP casino and luxury hotel. The project has been considered as the marketing pitch for Crown Sydney, which development is worth AU$2.2 billion, and the establishment is still expected to start operation by the…

Triplebet, which owns and operates the betting exchange Matchbook, will now be able to offer its services to UK customers, with the temporary ban on its remote gambling licence being lifted by the UK Gambling Commission (UKGC). The suspension of the online gambling licence held by Triplebet was lifted after the UK gambling regulatory body found that the company took into account and implemented all necessary measures. The online casino, pool betting and betting intermediary operating licences of the gambling operator were temporarily banned by the UKGC in February this…

SkyCity Entertainment Group revealed that its casino in Auckland was to cease operation in response to the new temporary lockdown restrictions that are being implemented by the Government of New Zealand. Furthermore, the gambling operator said it extended the anti-coronavirus measures to its venues in Queenstown and Hamilton. Earlier this week, the local authorities reported four new cases of the Covid-19 infection, which put an end to the 102-day streak without a registered coronavirus case in the country. New Zealand’s Government responded by increasing the coronavirus alert level in Auckland…

A recent survey carried out by the Gambling Treatment and Research Clinic focused on studying the impact of the coronavirus pandemic on Australians’ gambling participation has found a significant reduction in local residents’ gambling during the lockdown period. The research, however, found that about 1 in 10 people increased the frequency of their gambling. A study of the University of Sydney has revealed that the majority of local gamblers reduced the number of times they gambled during the first Covid-19 shutdown in the country, but most of them said they…

Australian gambling operator Tabcorp is making some major changes in the management of its betting business following the announcement of the departure of the company’s chairman and chief executive officer and an AU$1-billion write-down of the unit. So far, the gambling giant has not revealed the person set to replace the wagering division’s executive general manager, Andy Wright. His departure was officially announced by Tabcorp on July 24th, only a day after the gambling company revealed the retirement of David Attenborough, its long-time chief executive officer, in the first half…

A new bingo and adult gaming centre operated by Cashino Gaming Ltd., also known under the Merkur Slots brand, is set to be established in Cleveleys following official permission for the project was given by Wyre Council. The gambling operator had asked Wyre for permission to operate the slots arcade centre in a Victoria Road West-based premises that previously hosted a Coral betting outlet. The betting shop, however, has been inoperable since 2019 and the premises have remained empty so far. Cashino Gaming’s Bingo Premises Licence application sought to allow…

On August 6th, one of the largest gambling operators in the UK and Ireland – Paddy Power – issued an apology after a homophobic slur was used by a fan in a video uploaded on one of its social media channels. The bookmaker, which is currently owned by Flutter Entertainment, said an apology over the “derogatory and offensive” language used by a fan in a social media video after the company faced some criticism from campaign groups. The controversial video was considered part of the “Fan Denial” series of Paddy…

Following an announcement of its first-half results, the British bookmaker William Hill revealed that it intends to permanently shut 119 of its UK betting shops. The gambling operator, which currently runs about 1,500 betting outlets across the country, shared that it did not expect customer volumes to be the same as they used to be before the coronavirus pandemic outbreak. As William Hill announced, around 300 staff members were affected by the closures but so far all of them but 20 had been transferred to shops that remain operable. The…

During the New South Wales (NSW) government inquiry, the gambling company Star Entertainment has confirmed it still collaborates with a major junket operator that has allegedly been associated with criminal organisations. The casino giant explained that it has not found enough evidence to put an end to its business relationship with its junket partner. The inquiry held by the NSW gambling regulator into Crown Resorts heard that the Star Entertainment closed the private gaming room held by its junket partner Suncity at the Star Sydney casino in 2019 after a…

The mayor of Sydney, Clover Moore, revealed that new life has been brought to the rejected 51-storey tower of Star Casino following the publication of a draft 20-year strategy associated with Pyrmont’s development. On July 30th, the government of New South Wales (NSW) released a draft planning strategy for Pyrmont, describing it as a vision for the employment, innovation and entertainment in the area, which, according to them, would keep its uniqueness intact. However, under the newly-unveiled strategy, the authorities would allow the construction of buildings that are up to…