Crown Resorts could be closer to having a new owner. After Blackstone improved its previous offer to purchase the Australian casino operator, Crown Resorts has agreed to join takeover negotiations with the US-based investment firm. Blackstone is ready to put US$6.46 billion up for the purchase. Crown Close to Changing Hands Blackstone’s latest bid came […]
The gambling industry in Tasmania keeps facing massive challenges as its losses have skyrocketed. The total lost amount this year increased by nearly half compared to last year, when the country was hit badly by COVID-19. Total Losses Were $18 Million Higher than 2018-2019 During the 2019-2019 season, the total recorded losses were $137.4 million. […]
Crown Resorts may be in trouble but it is not selling on the cheap – that was the message sent by the Australian land-based casino company to Blackstone Group and all other potential suitors on Thursday. Bid Does Not Reflect Crown’s Value Crown Resorts reacted to the latest offer by Blackstone in which the private […]
Australian gaming and entertainment company Crown Resorts has announced that Dr Zygmunt Edward “Ziggy” Switkowski, member of the Order of Australia (AO), has been approved by the local gambling regulatory body and will assume the position of the Crown Resorts chairman. Switkowski Approved as Crown Resorts Chairman The new chairman is an experienced and recognized individual who has held […]
Reclaim the Game is an initiative launched in 2020 by the Office of Responsible Gambling in Australia. The initiative aims to raise awareness of gambling harms and “counter the normalization of sports betting and advertising.” Sydney Kings, Sydney Uni Flames: First Two Teams to Join Reclaim the Game Initiative Sydney Uni Flames and the Sydney […]
Despite the severe social distancing restrictions and on and off shut-downs of land-based gambling in Australia, a record amount of $1.6 billion (AU$2.4 billion) has reached the accounts of the Racing and Wagering authority in Western Australia. The state-owned body has increased the funding allocated to promotional activities and marketing by 22%, reaching $24.2 million in the past […]
The government of South Australia has teamed up with A-League soccer club Adelaide United to set role models for promoting sports without basing the experience on sports betting. The new initiative will be based on a multi-year alliance that will seek to establish good practices in sports that go beyond betting on athletic contests. The government will commit a […]
A reported $710 million (AU$1 billion) in ill-gotten money is passed through Australia’s pokies, the term used to describe the physical slot machines found across Australia’s many gambling venues. According to The Sydney Morning Herald, which worked on reporting the case with fellow publications 60 Minutes and The Age, pokies have been used as a […]
Entain Group is one of the most successful gambling companies on the planet with a massive reach in the US, Australia, and Europe, where it serves an impressive market of millions of people. The company’s third-quarter results surely attest to that. The group holds tens of international gambling brands such as bwin, partypoker, Ladbrokes, and BetMGM. In […]
The tourism industry in New Zealand was crushed again as new regulations on travel restrictions for foreigners were set and the borders of the country will be closed for a longer period than expected. This is a massive hit for the casinos in the country as they cannot rely on gamblers coming from other countries […]
