Author: Olivia Cole

In the second half of October, the Australian gambling machine manufacturer Aristocrat Leisure was announced as the company that is set to acquire the UK online gambling and sports betting software developer Playtech in a deal worth almost AU$4 billion (£2.1 billion). The acquisition deal has been backed by the biggest shareholder of Playtech. At the time, the announcement resulted in an increase in Australian shares, with the All Ordinaries Index increasing by one/fifth of a per cent, reaching a total of 7,690. The takeover deal would provide the Australian…

The UK Gambling Commission has published the official conclusion of a probe into the operations of International Multi-Media Entertainments Limited (IMME). The country’s gambling regulatory body revealed that the gambling operator had provided facilities for wagering on the outcome of international lotteries under the holding of a real-event betting permit. As the UKGC the gambling business had been obtaining customisation by calling gamblers and hosting its online gambling platform lotteries.com. Currently, a lottery syndicate business that can be operated without a licence is also run by International Multi-Media Entertainments Limited.…

Aristocrat Leisure, which has already reached an agreement on the £2.1-billion acquisition of Playtech, has called for the City’s takeover regulator to seek clarity over the intentions of a number of Asian investors who hold a large stake in the British gambling software provider. As revealed by Sky News, Aristocrat Leisure and Playtech have gotten in contact with the Takeover Panel to seek a determination that the group of Asian investors is acting as a concert party. The last few weeks have seen market analysts a bit perplexed, amid the…

A financial counsellor, who works with some of the most vulnerable residents of Western Australia, has warned that the local Government should be very much ashamed if it makes it possible for electronic gaming machines (EGMs) to be offered in TABs across the state. Alan Gray is a financial counsellor who is helping people suffering financial difficulties across the state. He has been working with problem gamblers who find it hard to control their gambling habits and spend more than they can actually afford to, which is why he has…

A manager of The Star casino, who borrowed over AU$7,000 from other employees of the gambling venue to fuel her own compulsive gambling habits, has been fired. Apart from that, the NSW Independent Liquor and Gaming Authority (ILGA) ruled that Minh Nguyen would be no longer able to work in the industry. As the New South Wales’ gambling regulatory body revealed in a press release, Minh Nguyen, who worked as a Casino Special Employee supervising security and gaming tables at the casino venue, borrowed more than AU$7,000 from her staff…

The UK Gambling Commission (UKGC) announced regulatory action against the operator of buzzbingo.com. The major gambling regulatory body in the UK announced that Buzz Group Ltd would have to pay a £780,000 fine after a UKGC investigation found that it had failed to comply with some social responsibility and money laundering rules. Apart from the monetary penalty, the online bingo operator has also received a formal warning for the aforementioned failures that occurred from October 2019 to December 2020. As the UK Gambling Commission noted, the case against Buzz Group…

The online gambling company 888 Holdings confirmed a £38-million sale of its bingo operations in order to get the opportunity to focus on its core operations. The gambling group, which is part of FTSE 250, also shared that it has the potential to receive a further £3 million from the sale of its bingo assets to Saphalata Holdings, which is a unit of Broadway Gaming, in case it hits certain performance targets associated with its revenue over a 6-month period. 888 Holdings further shared that it made a commitment to…

Media reports suggest that the £3-billion bidding war for Playtech is likely to escalate during some talks involving a company backed by the US-based Spanish language broadcaster Univision and a former boss of a Formula One Team. As revealed by Sky News, Caliente Interactive, an online gambling company that mostly targets Mexican customers, is in advanced talks regarding a merger deal with the US-based special purpose acquisition company (SPAC) Tekkorp Digital. Rumour has it that the merger will be worth approximately $2.5 billion. Under the plans to finance the merger,…

Flutter Entertainment has once again declared its commitment to safer gambling after announcing a repurposing of its Risk Committee. The CEO of the company for the UK and Ireland, Conor Grant, reaffirmed that the British gambling giant is to remain committed to promoting safer gambling to users. Mr Grant shared that Flutter Entertainment is pioneering in the UK gambling sector by introducing some changes that are seeking to affect its consumer base. The British gambling giant is set to establish a new £500 monthly deposit limit that would be valid…

The Betting and Gaming Council (BGC) has joined forces with the largest online platforms and established a cross-industry Ad Tech Forum to make a further effort in using the latest technology developments to ensure further protection for underage and vulnerable people on the Internet. As revealed by the trade body of the UK gambling sector, the cross-industry effort includes a number of members of the BGC, such as bet365, Flutter Entertainment and William Hill, as well as the Lotteries Council and some members of the Advertising Association. Under the agreement,…