Company Reports

Last week, Tabcorp Holdings Limited revealed that the Supreme Court of Victoria has insisted that a meeting of Tatts investors must be scheduled for October 18th 2017 in order for the company’s shareholders to consider and vote on the two operators’ proposed merger. The Chairman of Tabcorp, Paula Dwyer, confirmed that Tatts had already released a Scheme Booklet about the proposed merger, saying that the Booklet represented an important step towards a possible deal that would result in a first-class gambling entertainment behemonth. Ms. Dwyer further explained that a combined…

The two daily fantasy sports (DFS) games and contests providers DraftKings Inc. and FanDuel Inc. have reached a $2.6-million settlement with the state of Massachusetts to resolve an investigation of the companies’ deceptive and unfair practices affecting local players. The Massachusetts Attorney General Maura Healey and her office announced the settlement, saying that it was a good thing such agreements were reached to address the customer issues that had existed in the industry. Legal Issues As mentioned above, the two companies, which are currently among the leading daily fantasy sports…

William Hill, one of the most powerful UK gambling operators and the online and mobile casino and gaming content supplier iSoftBet have once again teamed up to consolidate their positions in the local market. Both companies have been aimed at staying competitive enough in dynamic market conditions and regulatory landscape. Now, the two companies have announced another partnership agreement to make sure they stay able to meet the rivalry of other companies operating in the same market. Under the terms of the new partnership contract, the UK bookmaker is to…

It seems that one of the largest gambling operators in the UK, 888 Holdings, is facing a hard time. After publishing its financial results for the first six months of 2017, it became clear that the company swung to a loss due to massive exceptional costs, in spite of the fact that it registered a revenue increase over the period. Financial Results for H1 2017 Today, 888 Holdings, which is currently one of the most popular iGaming companies and solutions providers in the country, revealed its half-year results for the…

The UK-based gambling company Sky Betting and Gaming revealed its intentions to end its UK Affiliate Programme, saying that the move is due to recent rulings and regulatory pressure by the UK Gambling Commission. The gambling operator reminded that clause 13.2 of its affiliates’ Agreement allows it to terminate the Agreement with immediate effect after providing its affiliates with a written notice. Now, the company has decided to provide its affiliates with a 28-day notice of termination, with the Agreement set to be officially ended on October 2nd, 2017. Sky…

The massive flee of online gambling operators from the Australian regulated market continues. Casino Guardian learned that another leading gaming company is to leave Australia due to the country’s new online gambling amendment bill. It came to our knowledge that the leading Swedish online casino, sports betting and poker operator LeoVegas is the next one to quit the Australian gambling market. The brand has informed its affiliates for its decision to stop providing its services to local customers due to the recent regulatory developments that took place in the country.…

One of the largest online gambling companies on the territory of the UK – 888 UK Limited – is to be made to pay an enormous penalty estimated to more than £7.8 million. The penalty package has been imposed on the gambling operator after it failed to handle a number cases of customers who had been put at risk. An investigation held by the UK gambling regulatory body, the UK Gambling Commission (UKGC), found that the social responsibility processes of 888 UK Limited, which are aimed to protect the company’s…

One of the largest gaming and entertainment groups in Australia, Crown Resorts and Crown Bet are expected to officially release an online lottery until the end of the week. The lottery, which name is to be CrownLotto, is planned to be run by the corporate bookmaker CrownBet, an Australian online wagering company, which majority share is currently held by Crown Resorts. A spokesman of CrownBet explained that the new product is to be launched in order for the Crown Resorts and CrownBet to face the increasing customer demand that is…

It came to Casino Guardian’s knowledge that more gambling brands are to exit the Australian market in a few days. Lately, the Australian gambling market has seen the exodus of a number of leading online casino, gaming and poker brands due to the country’s new gambling legislation. The fact that the Interactive Gambling Amendment Bill 2016 was officially greenlighted by the Australian Senate, shook the companies operating in the country and many well-established and reputable brands chose to leave the Australian gaming market because of the new regulatory amendments that…

With the previous two years being more of transition ones, seeking to see the closure of a number of questionable deals, the environment in the gambling market has been quickly changing. In spite of the fact that 2016 was quite eventful as far as mergers and acquisitions are concerned, further consolidation of the market has been projected by a number of market experts and analysts. Considering certain merger and acquisition talks between some of the major gaming operators both in the UK and on a global scale, some of them…