Company Reports

Two of the biggest gambling operators on the territory of Australia – Crown Resorts and its rival Star Entertainment Group – are unveiling “social distancing” measures at their casinos in the country to respond to the spreading coronavirus epidemic. Earlier today, both companies announced the above-mentioned “social distancing” measures, as part of which their Australian customers will be kept apart by switching off ever second gaming machine and electronic table available at the two operators’ casinos across the country. The number of players at live table games is also set…

The stock market collapse seems to have not been so bad for Betfred, as the gambling giant’s billionaire owner Fred Done has managed to take advantage of the situation, making a move on another leading gambling company. About a week ago, the founder of Betfred was reported to have started purchasing shares in rival gambling operator William Hill, with his stake in the company rising throughout last week. At the same time, William Hill’s stock suffered a considerable decline. According to reports, Mr Done remains willing to continue buying more…

Yesterday, a New South Wales (NSW) court ruled that casino giant Melco Resorts and Entertainment Ltd needs to hand over some legally-privileged documents regarding the sustainability of Crown Resorts’ gaming licence as a result of a regulatory probe faced in the Australian state. Now, the only legal way for Melco’s boss to keep that legally-privileged documents secret is to use his last option – an appeal in the High Court. The casino operator has been trying to prevent the perspective of keeping the above-mentioned documents associated with its acquisition of…

Earlier today, the UK Gambling Commission (UKGC) revealed that the online gambling business Betway is set to pay £11.6 million due to a series of failures associated with social responsibility and money laundering failures associated with dealing with seven high-roller customers of the company. Apart from that, the online gambling operator would be forced to implement a package of measures in order to make sure the failures are no more to happen. In one of the cases, Betway failed to carry out the required checks of an affluent customer’s source…

The Advertising Standards Authority (ASA) warned Profit Accumulator, a company offering match-betting information in return to a subscription fee, over two posts on its official Instagram account. The complaint was filed by an individual, who challenged whether the posts suggested that matched betting could be used by customers as a way to guarantee themselves financial security, saying such adverts were irresponsible. As mentioned above, both posts were uploaded on the company’s Instagram account. The first one was seen on March 22nd, 2019, with the post including an image featuring a…

According to data gathered by GoldenCasinoNews, gambling and betting activities in the UK are expected to see a significant decline in their revenue in the years to come. Expectations have revealed that the sector’s overall revenue will drop by no less than 17% by 2024. Preliminary estimates have shown that by 2024, the gambling revenue in the UK will be $70.5 billion, a figure that represents a decline of approximately 2.9% from the initial projections for 2023, which were for an overall amount of $72.12 billion. The UK gambling sector…

The Betting and Gaming Council called for the Chancellor to take fierce action in order to help the British retail leisure industry, including casino gambling and bookmakers, and to impose further restrictions on the online black market. The Budget submission made by the Betting and Gaming Council has urged the authorities to consider a reform of business rates. The proposed changes also include steps to allow more small businesses to take advantage of the retail reliefs especially available for small businesses. Apart from that, the proposed reform also includes changes…

The last few weeks have seen a growing number of media reports regarding the number of gaming machines available in pubs, as well as test purchasing. Towards the end of 2019, the UK Gambling Commission (UGKC) launched details regarding machines’ test purchases that were conducted in 170 pubs across Wales and England. According to the results, 84% of the premises were failing to prevent underage individuals from accessing so-called Category C gaming terminals. For the time being, individuals who are under 18 years of age are banned from playing such…

One of the biggest retail and commercial banks in the UK, NatWest, has confirmed that the pilot scheme for the provision of gambling counselling support would be expanded across the bank’s network in the country. In 2019, NatWest joined forces with GamCare and rolled out its gambling-related “walk-in consultation” in 13 of its branches operating in the Midlands and the country’s South East region. At the time when the Scheme was officially launched, the management of NatWest explained that the measure was unveiled as it was one of the bank’s…

The UK gambling regulatory body revealed that it has decided to impose an interim suspension on the operating licence of the sports betting and online gambling company Stakers Limited. The UK Gambling Commission (UKGC) cited a number of compliance issues in the reasoning of its decision for the licence suspension. The watchdog revealed that it has commenced a probe under section 116 of the Gambling Act 2005. Also, the Commission has decided to suspend Stakers Limited’s operating licence No 000-050185-R-328112-006, which is a combined remote operating licence for real event…