Author: Olivia Cole

A merger between two of the largest gambling operators in Australia seems more and more unlikely following a comment that was made during an earnings call that took place on February 17th. On Thursday, The Star Entertainment shared that it was unlikely to match a rival acquisition offer for Crown Resorts, making the slim chances of a merger between the two companies close to zero. Speaking on an analyst call following the announcement of the gambling operator’s earnings result, the chief executive officer of Star Entertainment – Matt Bekier –…

William Hill announced that it will suspend the use of credit cards for gambling transactions online in Ireland as of today, February 16th. The British gambling giant has made the decision only a few weeks after a local media hub confirmed that a number of major gambling operators continue to accept credit card payments in the country in violation of the Irish Safer Gambling Code. At the time, the Irish Independent further revealed that a few gambling operators claiming not to accept online payments funded by credit cards actually do…

Earlier today, Crown Resorts revealed that it gave the nod to the AU$8.9-billion acquisition proposed by Blackstone Inc. The decision of the Australian gambling giant comes roughly about a year after the US private-equity firm has first approached it with some takeover talks. The company’s shareholders are expected to vote on the proposed Blackstone acquisition, which is estimated at AU$13.10 a share in cash for Crown Resorts, in the second quarter of 2022. The deal will also have to get the approval of local gambling regulatory bodies. Apart from its…

Camelot UK, which currently holds the operating licence of the National Lottery, was expected to lose its contract for the first time since it took over the permit in 1994, until it has been put back in prime position thanks to the moves of some local officials. As Casino Guardian has reported, the battle for the much-wanted lottery licence is now approaching its peak, with the country’s gambling regulatory body set to make a decision and choose between Allwyn, which is currently the largest lottery operator in Europe, and Camelot,…

Online sports betting operator SportsBet is set to pay monetary penalties and fines worth AU$3.7 million after violating the country’s legislation by sending over 150,000 emails and text messages promoting gambling to individuals who had already tried to exclude themselves from such kind of services. The monetary penalty is being imposed at a time when local financial experts and suicide prevention counsellors have urged the authorities to fully suspend gambling advertising in the country. The amount that is to be paid by the online sportsbook includes the largest penalty that…

Star Entertainment has become the latest Australian casino giant that admitted to underpaying its staff, with about 2,200 staff members denied about AU$13 million in 6 years. At the beginning of the week, the gambling behemoth, which currently operates casino venues in Brisbane, Sydney, and on the Gold Coast, revealed that it had informed local gambling regulators and worker unions about the issue after finding out that it had underpaid thousands of its employees back to 2016. The mistake was discovered during a retrospective review of the wages received by…