Company Reports

One of the largest gambling operators on the territory of Australia – Tabcorp – has joined the competition for the operation of the UK National Lottery at a time when the rivalry for a new licence is proceeding to the next round. For the time being, Tabcorp, which has once co-owned Sun Bets as part of its assets, is the biggest lottery company in Australia. Reportedly, the operator has entered the bidding competition for the right to run the UK National Lottery. Tabcorp is so far the latest high-profile gambling…

According to newly-announced figures, the female boss of one of the British largest online gambling operators was the biggest taxpayer in 2019. As unveiled by the Sunday Times Tax List, the tax liability of Denise Coates, the founder and now-joint Chief Executive Officer of bet365, was estimated at £276 million in 2019. Ms Coates and her family owed tax bills, including the £113.2-million share they hold in the bet365 business. They also owed social security costs, as well as £130 million in tax from the £276.6 million generated by Ms…

Struggling Crown Resorts has taken into account investor pressure by stripping its chairman John Alexander of his executive role in the gambling giant as a part of a wide-ranging corporate reshuffle that was officially announced earlier today. The non-executive part of his job would be taken by Helen Coonan, Minerals Council chair, while the chief executive position has been granted to the current chief financial officer Ken Barton. For the time being, no replacement has still be announced for Mr Barton, which means that he would continue acting as CFO…

The sale of the Casino Canberra’s operation has taken another plot twist as it came to nothing after the parties did not manage to get the competent gambling watchdog’s approval. As Casino Guardian reported, Blue Whale Entertainment Pty Ltd announced the AU$32-million acquisition of the casino in December 2018. Under the deal, it became the largest shareholder in Aquis Canberra Housing. However, in order to be finalised, the deal had to get approvals from the ACT gaming regulator. Following extensive discussions between the ACT Gambling and Racing Commission and the…

A gambling company based on the Isle of Man commented on the recently announced decision of the UK Gambling Commission (UKGC) to no longer allow customers to use credit cards to place bets. The island company, which is currently heavily involved in the online gambling sector, shared its position after information that the British gambling watchdog intends to stick to its tough enforcement actions, with the credit card ban in gambling set to be officially unveiled on April 14th. The move, which is to affect all forms of gambling except…

Shareholder lawyers, who have started a class action against Crown Resorts in an attempt to crack open secrecy provisions in the contracts of the casino operator’s employees who had faced criminal conviction for promoting gambling in China, have failed. Earlier today, the federal court cancelled a ruling from 2019, under which the company shareholders’ legal representative Maurice Blackburn was given the chance to collect documents and witness statements from the 19 ex-workers. Now, due to the ruling of the federal court, Mr Blackburn would face the dilemma of either attacking…

The counsel who has been assisting the New South Wales probe into the Australian gambling behemoth Crown Resorts has revealed that the company’s failure to inform the competent authorities about the 20% stake sale to Melco International prior to the deal itself could be a violation of the casino operator’s casino licence. Adam Bell SC further noted that apart from a possible violation of the Barangaroo casino licence, such a breach could raise questions about the sustainability of Crown as a casino operator. The NSW probe started last week. During…

The UK Gambling Commission (UKGC) is facing fuelling pressure to reveal the identity of the wealthy magnate who owns the gambling operator Betway that has recently been under fire. The online gambling company has caused much criticism after it was revealed that it used some “grooming” messages and special incentives worth up to £5,000 to encourage the most-losing customers to continue gambling. A number of cases regarding gambling addicts who have been lured into the dangerous habit were made public fuelled the criticism against the operator, and some anti-gambling campaigners…

The billionaire owners of BetFred – brothers Fred and Peter Done – have faced criticism for making millions on the back of gambling addicts and problem gambling services paid by local taxpayers. The owners of the gambling company also own a company that offers professional counselling and treatment to problem gamblers. The company, called Health Assured, currently holds contracts estimated to no less than £2.5 million with multiple NHS Trusts and councils. The company provides help and counselling for various problems, including compulsive gambling and depression. Reportedly, the owners of…

The first one of three inquiries into Crown Resorts and the operations of its casino business is set to start on January 21st in Sydney. No witnesses are expected to be called at that date, as they are set to join the New South Wales inquiry at a later stage when the inquiry action will start in full swing. Apart from the inquiry that was initiated by the NSW Independent Liquor and Gaming Authority, there are two others – the public hearings that are set to be held at a…