Company Reports

According to media reports, Paddy Power Betfair has entered negotiations for the acquisition of the online daily fantasy sports (DFS) operator FanDuel in an attempt to take advantage of the recently-lifted federal ban on sports betting in the US. Rumour has it that the two parties have already been close to completing a deal, but a person close to the UK and Ireland-based sports betting operator explained that the purchase talks with FanDuel are still ongoing. Earlier today, the company itself confirmed the rumoured deal, saying that it is currently…

The Australia-based gambling behemoth Tabcorp could try go get a discount for the fees’ amount paid by it to state racing authorities, following the decision of the Victorian Government to impose a new tax on online gambling operations. As reported yesterday by Casino Guardian, Australian bookmakers are preparing to face the introduction of a new point-of-consumption tax in the state of Victoria. The 8% levy is set to be rolled out in 2019 and is to be imposed to companies’ revenue generated from all Internet-based betting services and applications. According…

Tokoroa gambling venue’s boss, Wendy Cook, has rejected increasing doubts that the facility is taking advantage of a loophole in New Zealand Government’s legislation – a violation which the gambling site had been alleged in. A local community group has opposed the planned new gambling venue which would feature 30 poker machines and shared intentions of taking the matter to court. Lately, the South Waikato town of Tokoroa has seen an increased criticism faced by the Pockets 8 Ball Club, following a gaming license obtained by the venue which would…

International gambling operators have been lucky to understand that the Prime Minister of Japan Shinzo Abe and the Government passed a casino bill which would make casino gambling legal in the country. For some time now, a total of two operating licenses have been rumoured to be initially approved, but the cabinet managed to ensure three casino integrated resorts, along with other measures that could make sure that the Japanese gambling industry is more favourable to customers. Now, the legislature of Japan has until June 20th to give a final…

The international gambling operator Paddy Power Betfair has its eyes on boosting investments in its Australian brand in order to take advantage of the fact that its rival companies have been focused on consolidation lately. As revealed by the Ireland-based bookmaker, an additional marketing revenue amounting to £10 million is planned to be poured into its local brand Sportsbet, while Australian businesses are “distracted” by targets of merging their companies to stay strong on the market. The Chief Executive Officer of the company, Peter Jackson, commented on the revealed strategy,…

The online sports betting operator Pinnacle has announced that it had shelved plans for getting back to the regulated iGaming market of the UK. The announcement was made through the official Twitter channel of the company. The bookmaker, which offers web-based sports betting services, revealed that it decided to withdraw its license application to the UK Gambling Commission (UKGC). The operator shared that despite the fact that it remained willing to serve the UK betting market, it believed that the decision for its license application withdrawal had been made at…

The online gambling operator LeoVegas has suffered the UK Gambling Commission (UKGC) backlash due to violations of gambling advertising rules. The gambling regulatory body imposed a monetary fine on the company for failings related to misleading advertising and lack of adequacy when handling customers at the end of their self-exclusion period. The Commission has reviewed the operating licence of LeoVegas and has decided to impose a monetary penalty amounting to £600,000 to the operator, so that the latter divest itself of the funds that have been received as a result…

The largest casino in Australia – Crown Melbourne – has suffered a monetary penalty for making modifications to some of its poker machines in order to limit betting options, which would result in players generating larger losses. The Victorian Commission for Gambling and Liquor Regulation (VCGLR), which is the competent regulatory body to act in such cases, imposed a fine amounting to AU$300,000 to Crown Melbourne, after the operator was proven to have tampered with some of its pokies. According to anti-gambling campaigners, the penalty is considered to be the…

Crown Casino, one of the largest gambling operators in Australia, could suffer a hefty fine by local regulatory authorities, over the allegations of illegally modifying the betting buttons of approximately 20 of its poker machines. According to media reports, sources familiar with the matter have told the ABC News that the Victorian Commission for Gambling and Liquor Regulation (VCGLR) is expected to announce the penalty as early as tomorrow. Rumour has it that the monetary penalty could amount to up to AU$300,000 and will include a letter of censure, too,…

The largest casino operator in Australia, Crown Resorts, has faced brand-new allegations of making certain modifications to its poker machines in an attempt of increasing gambling profits. A former Crown’s flagship Melbourne casino property patron has reached the independent Member of Parliament Andrew Wilkie with the allegations and provided thorough testimony on the matter to the competent authorities. The woman, whose name has not been revealed, made claims that the staff at the gaming-floor staff at the Melbourne casino venue provided her with small plastic picks that could be used…