The largest casino operator in Australia, Crown Resorts, is still facing a series of regulatory investigations into its dealings following revelations in local media hubs that it partnered with some junket operators associated with criminal and money laundering organisations to attract wealthy Chinese casino players. Earlier today, the executive chairman of the company, John Alexander, who has previously backed the company’s due diligence procedures and oversight of its business partners, informed Crown Resorts’ shareholders that the gambling operator’s business was run with no tolerance for criminal elements. In the 2019…
Read MoreAuthor: Olivia Cole
UKGC Issues Licence Warning and Imposes £1.8-Million Fine on Silverbond Enterprises for Money Laundering and Social Responsibility Failures
The UK Gambling Commission (UKGC) has imposed a licence warning and some additional licence conditions, as well as a monetary fine of £1.8 million to Park Lane Club for social responsibility and money laundering failures. Two personal management licence holders at the casino venue have also been issued formal warnings and were also warned that they need to improve their record on money-laundering prevention and player protection. An investigation which the gambling regulatory body held into the operations of Mayfair-based Park Lane Club that is currently run by Silverbond Enterprises…
Read MoreStrike Action of Employees at SkyCity Casino Auckland over Better Working Conditions Continues
SkyCity Casino in Auckland has seen hundreds of workers walk off their jobs for a second straight week in what is considered the biggest migrant strike in the entire history of New Zealand. Reportedly, almost 900 casino employees refused to take night shifts and required better working conditions for working overnight and weekend. According to the spokesman of the union representing the casino workers, Joe Carolan, SkyCity suggested that its casino employees would not have to work over the weekends but the workers do not want that. They simply insist…
Read MoreCasino Canberra’s Owner Reports Significant Losses as Casino Development Talks with ACT Government
The money losses continue to be registered at the owner of Casino Canberra, Hong Kong-based Aquis Entertainment Limited. Most recently, the company has reported an AU$2,553,772 loss for the first half of the current fiscal year to June 30th. Aquis further revealed that it is in talks with the ACT Government to discuss some development possibilities for its struggling business. As Aquis Entertainment also explained, the latest six-month loss was up 18.4% on the same period a year earlier, when it registered an AU$1,156,212 loss. Its revenue fell by 2.7%…
Read MoreHuddersfield Town FC Claims It Displayed Large Paddy Power Logos on Shirts after Gambling Operator Threatened to Sue the Club
The tier-two English football club Huddersfield Town has revealed to the Football Association of the UK that it faced pressure to display prohibited outsized logos on its shirts as Ireland-based gambling operator Paddy Power threatened to start legal action against it in case it stopped advertising the company, now owned by Flutter Entertainment. Last week, the FA imposed a £50,000 fine on Huddersfield Town FC due to the football club’s decision to display the name of the gambling company diagonally on its players’ shirt chests. As found by the football’s…
Read MoreWilliam Hill Digital Boss to Replace Philip Bowcock at CEO Position as Part of Gambling Company’s Digitalisation and International Expansion Strategy
The British gambling operator William Hill has revealed that its Chief Executive Officer Philip Bowcock is stepping down. As revealed by the company, Mr Bowcock’s position is to be taken by the boss of William Hill’s digital unit, Ulrik Bengtsson. As planned, Mr Bowcock will remain at the gambling giant until the end of 2019 in order to help with the transition. Mr Bengtsson is to officially take over the role of CEO on September 30th. He joined the gambling company in April 2018 after previously working at the Swedish…
Read MoreThe Star Entertainment Group Found to Have Links with Controversial Gambling Tycoon Stanley Ho
One of Australia’s largest gambling companies, The Star Entertainment Group, has been linked indirectly with Stanley Ho, a highly controversial figure in Asia’s gambling industry due to his alleged involvement in organized crime. The Star’s minor shareholder Chow Tai Fook Enterprises is owned by the Cheng Yu-tung family, which also holds nearly 10 per cent stake in Ho’s SJM Holdings. This comes after officials launched an investigation into Stanley Ho’s son Lawrence Ho and his company Melco Resorts and Entertainment as it seeks to acquire a 19.9 per cent stake…
Read MoreThree EPL Clubs Terminate Their Controversial Gambling Sponsorship Deals with 1xBet Following UKGC Warning
Three of the largest clubs in the English Premier League (EPL) have received a warning from the UK Gambling Commission (UKGC) that they could face prosecution and fines that could rise to millions of pounds in case they continue to promote a gambling sponsor of theirs, 1xBet. The main gambling regulatory body in the UK has addressed Tottenham, Liverpool and Chelsea to inform them of the possible consequences if they continue to promote the controversial Russian gambling firm which had UK operating licence suspended. The UKGC has confirmed that it…
Read MoreLasseters Casino in Australia’s Northern Territory Fined AU$18,000 for Allowing Intoxicated Patrons on Premises
The Crowne Plaza Alice Springs Lasseters, which is the only casino in Alice Springs, has been ordered to pay an AU$18,000 fine for failing to exclude intoxicated patrons on several instances. The casino allowed drunk customers on a licensed premise during an influx of patrons resulting from the recent introduction of anti-alcohol measures across Australia’s Northern Territory. On Monday, owners of the Lasseters Casino, the Ford Dynasty Pty Ltd, pleaded guilty to three separate instances of failing to remove drunk patrons from the licensed venue. The three incidents that brought…
Read MoreGambling Giant bet365 to Keep Only 20% of Current Gibraltar Office Workforce
The gambling giant bet365 has officially confirmed that it intends to keep its licence alongside what it described as a “meaningful operational presence” on the territory of Gibraltar, no matter it is to considerably downsize its business in the British Overseas Territory and relocate most of its business to Malta. As revealed by the company, the gambling operator is to keep only around 100 of its 500 staff members who are employed in its offices in Gibraltar to date. Still, bet365 explained that it would retain its dual regulatory and…
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