Company Reports

The co-founder and boss of the online gambling operator bet365, Denise Coates, has once again received a massive payment. According to the gambling company’s most recent financial accounts, the salary of Ms Coates, who has been the firm’s “highest-paid director” has been boosted to £277 million, dividends excluded. She also got a 50% share of the firms’ overall payout of £92.5 million, which boosts its total payday to £323.25 million in 2019. The payment that the Chief Executive Officer of bet365 received was about £58 million higher than the one…

A popular casino in Dublin has stopped operation after offering its services for 16 years. The implementation of new gambling legislation has been considered the major reason for the closure. On Monday, the Fitzwilliam Card Club informed its staff members for its decision to cease trading with immediate effect. The announcement resulted in the loss of almost 80 casino jobs. As mentioned above, the decision was made by the private members club following some legal advice it received in regard to the Gaming and Lotteries (Amendment) Bill 2019. The piece…

Australian supermarket giant Woolworths is set to start the execution of its plans to separate its Endeavour unit that includes its pubs and poker machine operations, as well as the bottle shop retailer Dan Murphy. Today, the shareholders of Woolworths are set to vote on the first stage of the massive restructuring plan of the company under which a new listed entity is to be formed. The spin-off operator will be called Endeavour Group. The move is set to be executed as part of the complex three-stage plan for Endeavour’s…

A London hacker stood before the Southwark Crown Court yesterday for accusations in illegally breaking into the accounts of the National Lottery. The 29-year-old Anwar Batson admitted to four charges of cyber crimes and is now facing jail time for his illicit actions. The man was implementing Sentry MBA, which is one of the most commonly used software suites by cybercriminals. According to research conducted by the American telecommunications giant Verizon, Sentry MBA is frequently implemented for the purposes of the so-called credential stuffing attacks. Hackers rely on this software…

A corruption inquiry has found that a gambling account funded by the Chinese billionaire Huang Xiangmo-funded suffered an AU$100,000 cash withdrawal at Sydney’s Star Casino only six days prior to the NSW Labour Party bank a same-size money donation. According to the documents which the Independent Commission Against Corruption (ICAC) has received, the money transaction was flagged as suspicious by The Star Casino on April 3rd, 2015, after a business manager at the property development company headed by Mr Huang, Yuhu Investment Holdings, withdrew a large amount of money. Then,…

The Liberal government of the Australian state of Tasmania released details on a new tax regime aimed at pokie machines located across pubs and clubs. The new regime will be enforced once the current monopoly of the gambling operator Federal Group comes to an end in 2023. The company is privately owned and managed by the Farrell family. It operates various casino gambling, hospitality, and tourism assets in the Australian island state. The Tasmanian authorities intend to end this monopoly immediately after the expiry of the Group’s license. In line…

Land-based betting activities across the United Kingdom are waning with high street betting shops closing down since the summer. Thousands of betting shops are expected to shut down in the following months, as announced by some of the leading betting operators in the country, including William Hill, Ladbrokes Coral, and Betfred. While bookmakers are blaming the stricter regulation and the recent cut of the maximum stake on fixed-odds betting terminals (FOBTs) to £2, the reason for the apparent decline in land-based operations may hide in a very different tendency of…

Over the last few years, gambling addiction rates have been increasing in the UK, while local gambling operators have remained pretty much irresponsible to the gambling-related harm that affects customers. Even though the Government and competent regulatory authorities have been trying to implement stricter measures in order to tighten the control of the companies that have been violating responsible gambling regulations. In an interview with ABC, one of the most popular people in the British sports betting industry, the co-founder of the Irish betting company Paddy Power Betfair, Stewart Kenny,…

Australian politician Andrew Wilkie and Baptist minister Timothy Costello insist on the launch of a royal commission to tackle the local gambling industry, including the sports betting sector. Wilkie is also of the opinion a nationwide regulator should be introduced to properly oversee gambling operations Down Under. This comes after an investigation conducted by the country’s national broadcaster ABC. It revealed one of the biggest online sportsbooks Down Under, bet365, could be using underhanded tactics to drive in more revenue from punters and gain an advantage over rival bookmakers. As…

The sports betting business is not always as fair and transparent as it claims to be, as new allegations regarding bet365 Australia reveal. According to a former employer of the popular online betting platform, the operator’s practices were dishonest and unethical, to say the least, and probably even illegal. The bookmaker, which is originally based in the United Kingdom but is also present in Australia and regulated by Australia’s Northern Territory Government, is said to have blocked access to punters who regularly won from their bets on the website. Bettors…