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Industry
May 20, 2022
Crown Investors Approve Blackstone’s Takeover Bid
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 […]
Casino
May 20, 2022
No More Pull Tabs In North Dakota Stores and Gas Stations
The Flickertail State is facing an explosive growth in the number of e-pull tab machines in recent years and it all comes down to a 1994 document and some loose wording regarding critical definitions. The issue is expected to be addressed when the Legislature reconvenes next year after a 3-2 vote in the commission. E-pull […]
Industry
May 20, 2022
Bernstein: Digital RMB May Benefit Macau Gambling
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) […]
Casino
May 20, 2022
Nevada Gaming Commission Gives MGM Stakeholder a Limited License
The Nevada Gaming Commission, the regulator of Nevada’s thriving gambling market, has given a limited license to billionaire Barry Diller for his MGM Resorts International ownership stake. The IAC director owns 14% of the MGM shares and is currently under inside trading investigation by the Justice Department and SEC. “That’s Not Fair,” Diller Shouted While […]
Casino
May 20, 2022
Alvin Chau Transfers Suncity, Summit Ascent Stakes
For a while, the fate of Alvin Chau Cheok Wa’s assets, the former chairman of the embattled Suncity Group, remained unknown. Now, a new filing submitted to the Hong Kong Stock Exchange shows that the man has decided to transfer his stakes to Andrew Lo Kai Bong, a Suncity Group executive director. He has also […]
Casino
May 20, 2022
Bloomberry Prepares New Casino Resort in the Philippines
Bloomberry Resorts Corporation, the parent company behind Solaire Resort and Casino in Manila, the Philippines, has revealed that it will pursue a third property in the country. A new integrated resort is now being planned for the region south of Manila, in Cavite, which should enable the company to capitalize on the return of tourists […]
Casino
May 20, 2022
Thai Parties Propose Casino Reforms
Thailand currently prohibits most forms of gambling but some parties seek to change that. While betting on horseracing and playing the state lottery is legal, the country is yet to introduce land-based casinos and iGaming. Thai Powers Propose Gambling Reforms A few minor political parties have banded together to propose changes to Thailand’s Gambling Act. […]
Sports
May 19, 2022
STS Group Strengthens Collaboration with BetGames Products
STS has announced an extension of its existing partnership with TV Zaidimai, and by extension BetGames. This makes the company the only operator in Poland that currently offers the unique content provided by BetGames in the form of live dealer casino products. The new deal will continue to expand and build upon the existing partnership […]
Casino
May 19, 2022
UK Market Records 2% Quarter-on-Quarter Drop in Total Wagers in Q4
After announcing the suspension of the Goldchip Limited license a day ago as a regulatory measure against the company facing AML allegations and issuing fines totaling around £675,000 ($836,535) to Progress Play and Jumpman Gaming on May 17, the UK Gambling Commission (UKGC) has announced a new set of interesting data related to the UK’s […]
Business
May 19, 2022
Aristocrat Leisure Fiscal H1 Net Profit Up 48%, Dividends Confirmed
Australia’s famed gambling machine manufacturer Aristocrat Leisure made their Interim Results Announcement and their results are looking “outstanding” as per their own words. The stellar half-year numbers and share prices of Aristocrat have jumped more than 6% at the time of writing. Aristocrat Sees Strong Half-Year Results As per Aristocrat’s 2022 Half-Year Media Release, the […]
