Company Reports

The Chief Executive Officer of British bookmaker William Hill revealed for Reuters that several US sports teams are keen on striking sponsorship deals with the company. The increased interest towards the company comes at a time when sports betting has already been made legal in the country since the US Supreme Court ruled in favour of New Jersey in the state’s sports betting case. As explained by Joseph Asher, head of William Hill US operations, the British gambling operator has been receiving a large number of phone calls and e-mails…

Isle of Man-based gambling software developer Playtech announced that it has disposed of all its shared in the online gambling group GVC Holdings at a price of approximately £200 million. Reportedly, the money accumulated with the sale is planned to be used for debt reduction and new acquisitions funding. The online gambling software provider had been one of the largest shareholders in the British high-street bookmaker Ladbrokes, which was taken over by GVC Holdings in a £4-billion acquisition deal earlier in 2018. Initially, Playtech made the share purchase in its…

Gambling websites seem to still be offering gaming content that could turn out to be attractive to children. Fairy-tale creatures and characters, as well as other children-friendly images, appear on gambling websites, despite the fact that gambling regulatory authorities put the free display of such content under fire as part of customer protection policy. For the time being, gambling operators in the UK are not allowed to display any gaming content or gambling advertising materials that could directly target children. And still, there is actually nothing to make gambling websites…

UK gambling operators are becoming more interested in US expansion as sports betting starts spreading across the country. The state of Delaware has already seen some new rules on sports betting come into effect, while the neighbouring state of New Jersey is expected to start accepting sports bets any time soon. A number of other US states are set to roll out sports betting legislation, as the ruling of the US Supreme Court has opened the door to a major expansion of the country’s gambling market. As the financial analyst…

Pub Charity, a New Zealand-based gaming trust made a surprising statement, saying that the story told by the hotel and casino owner Glen Dick is not accurate and has some major inconsistencies. Last week, the venue owner claimed that he decided to shut his poker machines down after a young woman abandoned her baby alone to play the machines. However, the gaming trust, which owns the seven pokies situated in the Rawene’s Masonic Tavern, now claims that the pokies were actually turned off due to late payments, with its version…

The Advertising Standards Authority (ASA) scolded the gambling operator ProgressPlay for promoting some games that could be appealing to children. The online gambling company, which owns and runs the website www.m88.com, felt the UK advertising regulatory body’s backlash after the ASA investigated and upheld three issues related to the operator’s products. Fairer Gambling challenged the website, seen on January 25th, 2018 for promoting three games that young individuals could find attractive. The first game, “Fairytale Legends Red Riding Hood” depicted an animated image of a pixie and a wolf. The…

Recently, two of the gambling operators which suffered massive fines imposed by the UK Gambling Commission (UKGC) for social responsibility failures and misleading advertising, have unveiled campaigns for responsible gambling. First, Sky Betting & Gaming (SkyBet) has introduced a fresh campaign for responsible gambling, aimed at minimising gambling-related harm, and now LeoVegas followed by registering with GAMSTOP. The measures taken by the two companies towards improved customer protection come soon after both operators felt the UK gambling regulator’s backlash for certain violations related to misleading advertising, self-exclusion violations and other…

Gambling giant Paddy Power Betfair announced Wednesday that it would merge its US operations with fantasy sports operator FanDuel in a bid to expand its US footprint and place itself in a better position for the upcoming legalization of sports betting across different states. Paddy Power Betfair’s US assets are valued at $612 million. The company said that it would contribute these as well as $158 million in cash to assume control over 61% of the newly combined business. FanDuel’s current owners will own 39% of it, once the transaction…

Macau gaming tycoon Lawrence Ho revealed that he has shifted his focus from Russia to Japan, where he believed his company could take advantage of the newly-opened casino market. As reported by Nikkei Asian Review, Mr. Ho who is the current Chairman and Chief Executive Officer of Melco Resorts & Entertainment said that he is decided to voluntarily surrender the control of a Russia-based casino resort late in 2017 in order to improve his company’s chances to apply for an integrated casino license in Japan. Lawrence Ho has previously shared…

The Chairman of Wynn Macau, Allan Zeman, revealed that non-gambling operations would be a crucial part of the future of Macau’s casino industry. Mr. Zeman further explained that Wynn Macau has already started working on two sites in close proximity to Wynn Palace. He also revealed that the company is making plans for non-gaming facilities’ development, with the venues’ design being considered at present times. The Wynn Macau’s Chairman gave an example with Las Vegas-located casino resorts, sharing that non-gambling operations currently account for approximately 60% of operators’ overall revenue.…