Gambling affiliate operator Catena Media published a press release today to signify that third-party interests to acquire certain Catena Media assets triggered a strategic review of the business. Sales of Assets Effect Evaluation In the official statement, Catena Media outlined the board’s commitment to continuously evaluate any strategic initiatives for the company, including “potential transactions, […]
At the end of March, Australia’s lottery operator Tabcorp announced its lottery and keno demerger will be subject to a shareholder’s vote. On May 12, its shareholders showed overwhelming support for the proposal, with close to 99% of all votes expressed during the general meeting favoring the demerger, around 0.17% of votes going against it, […]
At the beginning of the month, ex-rugby star and Star Entertainment chairman of Star Entertainment Group John O’Neill announced he would temporarily take over the managing director and chief executive officer position. Now, O’Neill announced his resignation just days before a public hearing where he will testify in regards to the group’s casino in Sydney. […]
The war in Ukraine continues to take its toll on the industry. Playson, a leading game developer for the regulated gambling industry, announced that its product owner has perished in the fighting. Honcharuk’s Contributions Are Immeasurable Oleksandr Honcharuk worked as a product owner at Playson for over two years. The talented industry specialist joined the […]
As Blackstone prepares to acquire Crown Resorts, the casino company inquired about its investors’ opinion on the deal. As it turns out, most of them support the takeover. Crown’s Shareholders Approve the Scheme Blackstone, an American investment management company, announced its intentions to acquire Crown Resorts. The Australia Foreign Investment Review Board reviewed the deal […]
Finance experts from Bernstein have analyzed how going cashless might affect Macau’s gambling economy. The analysts believe that it will revitalize the sector – something it desperately needs right now. Bernstein Spoke about Macau and Digital RMB Bernstein finance specialists have commented on the prospects of introducing China’s virtual currency, the digital renminbi (digital RMB) […]
A gambling addict from Cork who managed to squeeze every single euro out of his acquaintance’s €56,000 ($59,000) inheritance told the court that every time he had closed his BoyleSports account, the operator enticed him back to gambling with free €50 ($53) bets. Gambling Addiction Led to Crime 48-year-old Thomas O’Connell stood in court facing […]
Innovative slot game developer Design Works Gaming (DWG) announced this week its content is now accessible for UK online casino players via Mr. Green, building on its successful partnership with William Hill. Partnership to ‘Continue to Evolve and Grow’ Following the DWG content launch with Mr. Green, a collection of the designer studio’s high-performing titles […]
UK’s agency that regulates the advertising industry, the Advertising Standards Authority (ASA), has released its 2021 review and states that it received a total of 43,325 complaints connected to around 22,000 cases. In doing so, it doubled down on its tougher restrictions concerning ads in the gambling industry, through which operators won’t be able to […]
A new report reveals tax revenue from gambling activities in Macau decreased significantly last month. Gaming Tax, Gross Gaming Revenue Continues to Go Down The Financial Services Bureau has announced tax proceeds from gambling activities in April hit MOP$1.48 billion ($183 million). This result marked a significant decrease of nearly 54% when compared to the […]
