Company Reports

Five land-based casinos – Clockfair Limited, Shaftesbury Casino Limited, Double Diamond Gaming Limited, Les Croupiers Casino Limited and A&S Leisure Group Limited – have faced enforcement regulatory action after the UK Gambling Commission (UKGC) assessed their businesses. All of the casinos were found to have failed to stay in line with anti-money laundering and social responsibility requirements set by the UK gambling watchdog. Because of these findings, the UKGC put their operating licences under review. The Executive Director of the UK gambling regulator, Richard Watson, explained that the failures were…

The sportsbook platform of BtoBet is entering the UK market after it has managed to secure full certification in the UK. The certification has put it in a position to provide UK gambling operators with its high-quality “player-centric” technology for the sports betting sector. As BtoBet revealed itself, it is focused on the provision of a highly-tailored and customisable betting experience and relies on individual bettors actions’ for data utilisation. The Chief Operating Officer of BtoBet, Dima Reiderman, explained that the company’s team is enthusiastic about the UK certification that…

Yesterday, the Australian gambling group Tabcorp formally rejected the AU$3-billion takeover bid of the British gambling operator Entain for its betting and media arm. As reported by Casino Guardian, Tabcorp has considered at least a couple of acquisition offers but it eventually decided to reject the one made by Entain describing it as too low. Tabcorp, which is valued at about AU$10 billion, revealed that it intends to now hold a 3-month strategic review that could end up with a sale of its betting unit or separating it from the…

According to a report commissioned by the trade body of the UK gambling sector, 119,000 British jobs are supported by the local gambling industry. The Betting and Gaming Council (BGC) further noted that annual tax revenue of £3.2 billion is also being generated by the sector at a time when UK bookmakers are trying to withstand the stricter rules that are being imposed by the country’s gambling regulators. The BGC report that was compiled by Ernst & Young, casinos, betting shops and the online gambling industry brought a total of…

The biggest online sports betting operator in Australia – Sportsbet – has faced allegations of promoting illegal incentives to customers encouraging them to bet on horse racing that resulted in an AU$22,000 fine for the company. The conviction became the latest case of a gambling company failing to stick in line with the gambling laws of New South Wales (NSW). According to anti-gambling campaigners, the latest conviction in the sector shows that local bookmakers are being fined for legislation breaches. Campaigners also insist that Australia should follow other countries’ suit…

The UK Gambling Commission announced it has imposed a £6-million fine on the online gambling operator Casumo. Furthermore, the company, which runs casumo.com, will face an extensive investigation following revelations that it failed to comply with some anti-money laundering and social responsibility rules. As announced by the gambling watchdog, the investigation of the UKGC is set to also result in an official warning for the company. The UK Gambling Commission shared that the social responsibility failures of Casumo included not deploying policies and procedures regarding customer interaction in cases when…

The US casino company Bally’s has reached an agreement over the major terms of a £2-billion deal with Gamesys. The tie-up with the UK gambling operator would be the latest takeover deal between transatlantic partners seeking to establish a better presence in the US sports betting sector. Under the terms of the proposed acquisition, Bally’s would purchase Gamesys’ shares at the price of £18.50 each. The takeover of the UK gambling company would help Bally’s establish better expertise in offering digital gambling products, as Gamesys own the Jackpotjoy and Virgin…

The Royal Commission into Crown Resorts in Victoria is set to carry out deeper checks than the ones held by the inquiry in New South Wales (NSW). As revealed by former judge Ray Finkelstein, the probe is set to put the gambling operator’s management of gambling addiction in the centre of its checks, although it has not been a matter directly included in its terms of reference. On the first day of the inquiry, it became clear that the Royal Commission has still not received a response from the Australian…

UK gambling giant Entain has completed its public cash offer for the acquisition of the Baltic markets operator Enlabs AB at a price of £4.48 (SEK53) per share. The revised offer, which was placed through Entain’s wholly-owned subsidiary Bwin, has been accepted by shareholders owning 94.2% of the total number of the company’s shares and votes. Entain declared the takeover bid unconditional as all conditions of the completion of the proposed deal have been satisfied, with the settlement of Enlabs shares set to be completed by March 30th, 2021. The…

The US private equity firm Blackstone Group has addressed the struggling Australian gambling giant Crown Resorts with an acquisition bid of A$8 billion. The investment firm’s offer has valued Crown’s shares at AU$11.85 each, which is a 20% premium to its closing share price last week. In order to be finalised, the deal would need the official approval of the Australian gambling regulators to allow Blackstone to own and operate the gambling giant’s casino venues in Sydney, Perth and Melbourne. The takeover offer is also subject to due diligence and…