Aquis Entertainment Remains Positive about Canberra Casino’s Future Despite Weak Financial Results

Aquis Entertainment Remains Positive about Canberra Casino’s Future Despite Weak Financial Results

The owner of Casino Canberra sticks to the opinion that the future of the gambling venue remains bright, in spite of posting another loss amid a revenue decline following the failure of the casino acquisition deal with Blue Whale Entertainment. Now, regardless of all difficulties faced along the way, Casino Canberra’s operator will make an effort to see the ACT Government’s permission to redevelop the iconic gambling site. Aquis Entertainment, which operates the casino, has filed a report to the Australian Stock Exchange, revealing an operating loss of AU$3,957,193 in…

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The Government Remains Hopeful That Gibraltar Will Retain Its Positions as Leading Online Gambling Hub, Commissioner Says

The Government Remains Hopeful That Gibraltar Will Retain Its Positions as Leading Online Gambling Hub, Commissioner Says

Last week, a Gambling Commissioner for the Government of Gibraltar, shared an opinion that the British overseas territory would keep its status of a prominent gambling hub despite the difficulties that have been faced by the local gambling sector as a result of Brexit. At the time when the cabinet of British Prime Minister Boris Johnson highlighted the UK’s willingness to pursue no regulatory alignment with the business policy, worker protections, competition rules, industry subsidies and immigration standards followed by the European Union (EU), Andrew Lyman said in an interview…

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The ASA Insists on Better Regulation of Gambling Advertising to Provide Better Protection for Customers

The ASA Insists on Better Regulation of Gambling Advertising to Provide Better Protection for Customers

The advertising regulatory body in the UK has raised concerns that gambling companies could be using technology to make their advertising better targetted at vulnerable people. The Advertising Standards Authority (ASA) has also urged the country’s gambling sector to make sure they target their marketing and advertising materials in a more responsible manner. Speaking at the ISBA annual conference yesterday, the CEO of the advertising watchdog, Guy Parker, explained that one of the regulatory body’s most serious concerns is related to using special technology to better target their ads at…

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UKGC Imposes £3-Million Fine on Mr Green for Social Responsibility and Anti-Money Laundering Control Failures

UKGC Imposes £3-Million Fine on Mr Green for Social Responsibility and Anti-Money Laundering Control Failures

The online gambling operator Mr Green is facing a £3-million fine as part of an investigation of the UK Gambling Commission (UKGC) that had been specially targeting online casinos. The company is the ninth gambling business that is expected to face action as part of a watchdog’s probe that has led to penalty packages amounting to over £20 million since 2018. Mr Green will be forced to pay a total of £3 million to the National Strategy to Reduce Gambling Harms as part of the announced penalty package due to…

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MoPlay No Longer Offers Online Casino and Sports Betting Services to UK Customers Following Operating Licence Suspension

MoPlay No Longer Offers Online Casino and Sports Betting Services to UK Customers Following Operating Licence Suspension

Online casino and sports betting operator MoPlay has ceased its operations on the territory of the UK following the suspension of its parent company’s gambling license by the country’s gambling regulatory body. Last week, the UK Gambling Commission (UKGC) confirmed that it decided to suspend the gambling license of Addison Global under section 120(1)(b) of the UK Gambling Act 2005. The British gambling watchdog acted on suspicion that the gambling company had violated its licensing rules. The suspension means that Addison Global is not legalised to offer gambling services via…

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William Hill to Withdraw from Its Sponsorship Deal with Scottish FA at the End of the Current Season

William Hill to Withdraw from Its Sponsorship Deal with Scottish FA at the End of the Current Season

It seems that gambling operators’ dominance in professional Scottish football competitions is slowly being reduced. One of the leading UK gambling companies, William Hill, is ending its long-year sponsorship relationship with Scottish football, as the deal between the two parties is not to be extended. A few days ago, a local media reported that William Hill had made a decision to end its nine-year sponsorship agreement with the Scottish Cup as of the end of the current season in May 2020. According to estimates, the sponsorship efforts of one of…

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Citadel Hedge Fund Owner Bets against GVC Holdings While the Gambling Operator Faces Stricter Regulatory Environment

Citadel Hedge Fund Owner Bets against GVC Holdings While the Gambling Operator Faces Stricter Regulatory Environment

Hedge fund mogul Ken Griffin has built a bet against one of the biggest UK gambling operators, GVC Holdings as the company is trying to fight stricter regulation that could be released. Mr Griffin, who is the founder of Citadel hedge fund, has placed an £80-million bet against the operator that currently owns one of the largest high-street bookmaker chains, Ladbrokes Coral. As reported by The Sunday Times, Citadel’s owner has now shorted the shares of GVC Holdings, hoping to derive profit from a decline in the shares’ value. Reportedly,…

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Boyd Gaming Says Flutter Entertainment’s US Subsidiary Helps Its Casinos Attract More Customers

Boyd Gaming Says Flutter Entertainment’s US Subsidiary Helps Its Casinos Attract More Customers

Boyd Gaming, a large gambling company based in the US, has shared that a deal inked with an Irish gambling group has been helpful to attract new customers. The announcement that new clients have been lured to Boyd Gaming’s casinos thanks to its partnership agreement with Flutter Entertainment, which currently owns one of the largest bookmakers in the UK – Paddy Power Betfair – comes only a few days before the Irish gambling giant is set to publish its results later this week. At the same time, gambling regulatory bodies…

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Star Entertainment Dismisses Appeal against the Rejection of Its Pyrmont Tower Project

Star Entertainment Dismisses Appeal against the Rejection of Its Pyrmont Tower Project

Major Australian gambling operator the Star Entertainment Group decided not to challenge the NSW Planning Commission’s rejection of its proposed multi-million hotel and apartment tower in Sydney’s suburb Pyrmont. The proposed project, which involves a 66-story tower, was dismissed by the Independent Planning Commission in November 2019. The dismissal caused a wave of criticism on behalf of major developers and media supporters of the project like radio presenter Alan Jones of 2GB’s The Alan Jones Breakfast Show. The operator planned to include facilities like libraries, function spaces, and a neighbourhood…

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Betfair Removes Rugby League Offering amidst Mounting Tensions over Proposed Grand Final Super Tax

Betfair Removes Rugby League Offering amidst Mounting Tensions over Proposed Grand Final Super Tax

Sports betting giant Betfair Australia has decided to remove its entire Rugby League offering just weeks before the start of the season. Tensions between the sports wagering industry and the National Rugby League continue to mount over the newly proposed premium tax that would be levied on the State of Origin and grand finals betting. The NRL plans to cash in on its most popular events, including the three Origin clashes and the grand final, by increasing the tax for allowing sportsbooks to offer bets on these matches. As revealed…

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