Author: Olivia Cole

Online gambling company 888 Holdings has officially confirmed that it is currently in “advanced discussions” to purchase the European assets of William Hill. If the talks regarding the acquisition of William Hill’s business in Europe come to a successful conclusion, the deal would turn 888 in one of the largest online gambling companies in the UK. The gambling and betting giant made the statement after there has been some recent speculation in the press and confirmed that its discussions with Caesars Entertainment Inc. over a possible takeover of the non-US…

The gambling operator that owns Paddy Power, Betfair and a number of other popular betting brands has become the first bookmaker to impose limitations on the amount that young gamblers are allowed to lose. Flutter Entertainment made the move as part of its efforts to tackle the negative impact that gambling-related harm could have on its customers’ finances, jobs and personal lives. The company, which is currently the largest online gambling operator in the UK, revealed that approximately 35,000 players under the age of 25 sometimes lost an amount that…

The Royal Commission in Western Australia has heard that the state’s gambling regulatory body has put an extreme level of trust in Crown Resort, as it was not as suspicious as it has been supposed to be before the beginning of the money-laundering scandal of the gambling giant. At the Royal Commission hearing, Lanie Chopping, the WA’s Department of Local Government, Sport and Cultural Industries’ new acting director-general, hesitated before she agreed with David Leigh, the counsel assisting the investigation, that Crown Resorts has been given far too much trust…

The UK Gambling Commission (UKGC) has warned local gambling companies that they will face the full regulatory consequences of their regulatory failures even in case the violations occurred prior to ownership. The warning has come from the country’s major gambling regulatory body along with a monetary fine worth £5.85 million that has been faced by Daub Alderney following investigation findings of anti-money laundering and social responsibility failures of the interactive gaming company, which is currently owned by The Rank Group. The company, which operates a number of online gambling platforms,…

Crown Resorts has suspended a significant number of high-roller players in Australia as a result of a due diligence review of the existing customer base in its domestic market. The Australian gambling giant officially revealed that it banned over 250 out of approximately 1,800 local high-roller players from its casinos, as these customers did not manage to identify the source of their money, or had raised other integrity concerns that could make it harder for the gambling operator to clean its name and keep its casino permits in Sydney, Melbourne…

Australian courts have made a clear statement to operators posting illegal gambling advertising materials, with Merlehan Bookmaking Pty Ltd, which is trading as TopSport, facing an AU$60,000 fine for publishing illegal gambling adverts. The monetary penalty has been imposed on the Australian-owned gambling company following an investigation held by the gambling regulatory body of New South Wales – Liquor & Gaming NSW. As explained by Marcel Savary, the Compliance Director of the state’s gambling watchdog, publishing a gambling advert that offers various enthad not been previously convictedicements to lure customers…

Genting UK revealed that it is no longer interested in sports betting and intends to shift its focus only on the online gambling market. Recently, the SkillOnNet network has revealed that it inked an agreement with the gambling company to operate its Genting Casino brand. The price of the deal has not been disclosed so far. The UK division of the international gambling giant Genting Group – Genting UK – has officially revealed that it is saying goodbye to the sports betting sector. After its withdrawal from the industry, the…

The British gambling company Rank Group has shared it believes to be in line for a tax refund of £80 million over VAT payment on slot machine income. The statement came after it became clear that HM Revenue & Customs (HMRC) made a decision not to take an earlier tribunal judgement to the Court of Appeal. The gambling operator, which currently owns the Grosvenor Casinos and Mecca Bingo brands, shared that the first-tier tax tribunal had given the green light to a 60-day extension to allow talks with the country’s…

One of the highest-profile lawyers in Australia has caused doubts about the appointment of a close friend of Kerry Stokes, a West Australian billionaire, to the Royal Commission into Crown Perth, arguing that a possible conflict of interest could undermine the authority of the inquiry. The former senior counsel for the corruption watchdog in the state of New South Wales (NSW), Geoffrey Watson SC, shared he was unable to understand the decision of the WA state’s government to appoint Neville Owen at the position of lead commissioner of the ongoing…

The American gambling corporation Scientific Games revealed that it is taking over Sideplay Entertainment as part of its efforts to expand its online lottery offerings. For the time being, the financial terms of the deal were not unveiled. Also, the companies have not issued a statement to announce the official date when the transaction is set to be finalised. The acquisition is expected to be beneficial for Scientific Games because Sideplay Entertainment brings to the table a contract as the primary eInstant games’ supplier of one of the largest lottery…