Company Reports

It seems that some of the largest gambling operators on a global scale are on their way to consolidation through a new wave of multi-billion mergers and acquisitions. Reportedly, the dealmaking process is set to start as early as October 2017, as a result of the operators’ efforts to consolidate their positions in both their domestic markets and in international markets as well. Lately, it becomes more challenging for gambling companies to operate in the conditions of quickly changing environment. In addition, the market conditions in the UK gambling industry…

Penn National Gaming Inc., a US casino and racetracks operator, has reportedly been having merger talks with its rival American gaming company Pinnacle Entertainment. According to a report of the Wall Street Journal that cited people with knowledge of the situation, the two companies have been engaged in negotiations about a possible deal, but failed to reach an agreement on the merger’s terms. This, however, does not mean that Penn National has lost interest in purchasing Pinnacle Entertainment. Is Further US Market Consolidation Underway? A merger between the two US…

Caesars Entertainment Corp has intended to expand its Caesars, Horseshoe and Harrah’s brands on the territory of the US and overseas after the company’s casino operating unit finally makes an exit from almost three years of bankruptcy. Reportedly, according to some industry experts, the company may have lost the battle with its largest rivals such as MGM Resorts International, Las Vegas Sands Corp and Wynn Resorts Ltd, with the three of them having spend years in their market growth in highly-profitable Asian markets. Caesars’ Restructuring Plan As reported by Reuters,…

As Casino Guardian reported last month, there have been rumours that certain UK gambling companies have been involved with industry-wide illegal activities. With the increasing popularity of online gambling among local players, gambling-related cybercrime has also increased. After all, iGaming is usually related to massive transactions of money and generating large Internet traffic every day, so such crimes and illegal activities are a serious problem. Things look even worse, considering that local regulators and authorities seem to be little aware of the problem, or what is worse, sometimes seem to…

It came to Casino Guardian’s knowledge that Gibraltar-based betting operator Lottoland is to be suspended by the New South Wales Government under a crackdown. As reported by The Daily Telegraph, the local Government has been planning to take some steps and ban synthetic lotteries from running. The betting operator has recently been blamed for a major decline in tax revenue from local lotteries. Currently, Lottoland has been facing a massive nationwide campaign, as it has been seen as a threat to the performance of local agencies, causing them serious financial…

The Advertising Standards Authority (ASA) scolded Gibraltar-based gambling company Gala Interactive after investigating and upholding two issues related to an ad for its Gala Bingo brand. The Gala Bingo advert, which was seen on a online website on May 22nd, 2017 was masked as a fake news, which made its commercial intent unclear. The complainant challenged the ad for not making its commercial intent clear to users, as there was a banner for Gala Bingo placed at the bottom of the page, along with a “Claim to win” button also…

It came to Casino Guardian’s knowledge that At The Races (ATR) channel has allowed spot advertising for the first time, which on the other hand could lead to increased interest towards bookmaker adverts. Previously, the gambling operators have not been allowed to provide their sponsorship to all programmes on At The Races channel, as they were given the opportunity to sponsor specific programmes only. Under the changes implemented by the British television channel, gambling companies will be now able to broadcast over advertising breaks, too. ATR Implements New Spot Advertising…

Ireland-based bookmaker Paddy Power Betfair has been accused in secretly manipulating the odds of on-course bookmakers in horse races in order to prevent paying thousands of Euros in customers winnings, according to The Times. The daily newspaper reported that according to several people with knowledge of the matter, the company’s head office traders had instructed the brand’s representatives to place bets at local racecourses in order to sharply reduce so-called starting price odds (SP odds). The Problem of Using SP Manipulation Method The problem is that starting price must be…

The restructuring plans of Caesars Entertainment and its related companies have been given the green light by the gaming regulatory authorities of the states of Louisiana and Missouri. Now, the approval of the state’s gambling regulators is to finally put an end to one of the largest corporate bankruptcies in the gambling history. Currently, there are casino venues of the Caesars brand in both the above-mentioned states, with the properties now need to be checked before the company is given the chance to proceed with a full exit from its…

Over the last few weeks, the possibility that high-street bookmakers will face a crackdown on fixed-odds betting terminals (FOBTs) seems to have increased, considering the increasing pressure on the industry in the light of the upcoming UK Government review. The past months have seen British bookmakers bet on various saviours to help them stop the regulatory review of some of the biggest gambling operators in the country. The truth is that the largest British bookmakers, the ones brought large revenues by fixed-odds betting machines will be seriously hit in case…