DraftKings Makes £16.4 Billion Bid to Acquire Entain’s Assets

DraftKings Makes £16.4 Billion Bid to Acquire Entain’s Assets

It was confirmed that DraftKings made a £16.4 billion ($22.4 billion) bid for acquiring the UK-based betting company Entain. This offer doubles the bid made by MGM earlier this year, with Entain declining the proposition of its joint venture partner. As the US sports betting market expands further, with more states legalizing this form of gambling, more operators are striving to learn from more experienced companies in well-developed foreign markets. The news for the DraftKings bid had Entain’s stock surge 11% on Wednesday, trading at £25. This brought the owner…

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Crown Perth Exposed for Keeping High-Roller Gaming Room Open During Lockdowns

Crown Perth Exposed for Keeping High-Roller Gaming Room Open During Lockdowns

Crown Perth did not cease the operation of its high-roller room during the lockdown period. This discovery is contradictory to the information provided by Crown to the ASX. What is more, the operation of Crown Perth’s Pearl Room during the lockdowns is in breach of the government rules in WA. The casino’s misconduct was revealed on Tuesday, during an investigation of the Perth Casino Royal Commission. The evidence for the high-roller room operating during the lockdowns was given by Melissa Smith, director of casino operations for gaming machines at Crown…

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Federal Group Disagrees with New Draft Gambling Legislation Rolled Out by the Tasmanian Government

Federal Group Disagrees with New Draft Gambling Legislation Rolled Out by the Tasmanian Government

The oldest family-run casino business in Australia has shared its disagreement with plans that will put its exclusive operating licence in the state of Tasmania to an end within 2 years, claiming that it has not been properly notified of the changes by the state government. The operator also claims that the Tasmanian Government has been forcing them into actions that it found to be “highly inappropriate”. According to the Federal Group’s submission to the Future Gaming Markets draft legislation, the earliest date for the casino gambling business to start…

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Crown Resorts to Require Proof of Covid-19 Vaccination from All Employees and Casino Patrons

Crown Resorts to Require Proof of Covid-19 Vaccination from All Employees and Casino Patrons

Crown Resorts has revealed that it decided to place a requirement for Covid-19 vaccination not only for its employees but potentially for its millions of customers. Earlier this week, the Australian gambling giant announced that it had to keep a more proactive position in terms of coronavirus vaccination as a response to an increase in the number of Covid-19 cases in the country. Steve McCann, CEO of Crown Resorts, confirmed that the patrons of its casino facilities in Melbourne, Sydney and Perth are now requested to provide proof of vaccination…

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NSW Gambling Watchdog to Investigate The Star Sydney’s Operations

NSW Gambling Watchdog to Investigate The Star Sydney’s Operations

The Independent Liquor and Gaming Authority (ILGA) of New South Wales (NSW) has announced that it is going to investigate the operations of The Star Sydney casino resort. The probe will be much like the scrutiny that is being currently faced by Crown Resorts, as it will investigate the compliance of the gambling company-owned casino with the Casino Control Act 1992 and the Casino Control Regulation 2019. The probe will also look into The Star Sydney’s compliance with the legal and licensing rules of the state of New South Wales.…

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Broadcasting Group Foxtel Breaches Gambling Advertising Rules, ACMA Reveals

Broadcasting Group Foxtel Breaches Gambling Advertising Rules, ACMA Reveals

Australian pay television and broadcasting company Foxtel was found to have breached local gambling advertising rules as it promoted a betting service and odds during a live match between Hawthorn and Geelong that took place as part of the Australian Football League (AFL) earlier in 2021. After an investigation held by the Australian Communications and Media Authority (ACMA), the media regulatory body revealed that the pay TV and streaming company violated the code of practice regarding subscription broadcasts at a time when it ran a wagering partner’s commercial on Easter…

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TfL Considering Ways to Implement Gambling Advertising Ban upon Mayor of London’s Request

TfL Considering Ways to Implement Gambling Advertising Ban upon Mayor of London’s Request

The local government body responsible for most of London’s transport network – Transport for London (TfL) – is considering ways to suspend gambling advertising materials on display from its network after Mayor Sadiq Khan has addressed local advertising networks. Earlier in 2021 while he has been having his re-election campaign, Mr Khan made a promise to suspend such adverts on London’s Underground because of the extremely harmful way problem gambling is able to destroy gamblers’ lives and the lives of their families. A few days ago, a spokesperson for the…

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Tabcorp Urges the Federal Government to Impose Tougher Restrictions on TV Gambling Advertising in Australia

Tabcorp Urges the Federal Government to Impose Tougher Restrictions on TV Gambling Advertising in Australia

Australian gambling company Tabcorp has filed an appeal to the Federal Government, as it seeks the authorities to impose more serious restrictions on gambling advertising during prime time in order to protect the most vulnerable people, including children and teenagers. The operator, which offers betting, lottery and media services, has warned that the increasing online gambling participation rates during the coronavirus pandemic have highlighted the need for greater intervention of the Government in the country’s gambling sector. According to David Attenborough, the CEO of Tabcorp, the Federal Government of Australia…

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888 Holdings to Acquire Non-US Assets of William Hill in a £2.2-Billion Deal with Caesars Entertainment

888 Holdings to Acquire Non-US Assets of William Hill in a £2.2-Billion Deal with Caesars Entertainment

British online gambling group 888 Holdings has won the competition for the non-US business of William Hill. Earlier today, it was announced that the company has reached a £2.2-billion agreement with Caesars Entertainment, under which it is to take over William Hill’s European assets, including the brand’s 1,400 UK betting shops in a deal that will finally see them return to British hands. In a statement, 888 Holdings said it intends to raise about £500 million by initiating a capital raise to issue new equity. The company further noted that…

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888 Holdings Announces “Advanced Discussions” with Caesars Entertainment over Possible Takeover of William Hill’s Non-US Assets

888 Holdings Announces “Advanced Discussions” with Caesars Entertainment over Possible Takeover of William Hill’s Non-US Assets

Online gambling company 888 Holdings has officially confirmed that it is currently in “advanced discussions” to purchase the European assets of William Hill. If the talks regarding the acquisition of William Hill’s business in Europe come to a successful conclusion, the deal would turn 888 in one of the largest online gambling companies in the UK. The gambling and betting giant made the statement after there has been some recent speculation in the press and confirmed that its discussions with Caesars Entertainment Inc. over a possible takeover of the non-US…

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