The Irish gambling company BoyleSports has commented on the proposed changes to the Gambling Regulation Bill’s advertising rules, saying that the implementation of further limits to the existing regulations could have a catastrophic effect on the country’s horseracing industry. The company’s boss has insisted that restrictions on stake limits and inducements will only force an increasing number of customers to start using the services of unlicensed and unregulated companies in the black market. Ireland’s Gambling Regulation bill, which has been in its report stage in the lower house, and principal…
Read MoreDay: 9 November 2023
Star Entertainment’s CEO and Chair Say the Company’s Paty to Success Is Now Clear Despite Massive Share Price Decline
Troubled casino and gambling giant Star Entertainment has managed to avoid a second strike following an annual meeting at which stakeholders shared their frustration at the massive decline in the company’s share price amid a regulatory action initiated by the Australian Transaction Reports and Analysis Centre (AUSTRAC). Star Entertainment’s shareholders raised concerns about the significant disruption of shareholder value that has seen the company’s share price drop to 57 cents, in comparison to levels of AU$6 in the last few years, and over AU$2.50 only a year earlier. That is…
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