Company Reports

New South Wales’ (NSW) Liquor and Gaming has issued show-cause notices to BlueBet and Entain in response to alleged violations of the Federal Government’s rules enforcing anti-gambling-harm messages across a number of media platforms. The British gambling giant Entain, which is the owner of the popular betting brands Ladbrokes and Neds, as well as the Australian-owned ad ASX-listed gambling and sports betting operator BlueBet, have been targetted by the NSW gambling watchdog with show-cause notices after the two companies have allegedly undermined the mandatory messages aimed at tackling gambling-related harm…

The youngest Australian billionaire Edward Craven and his business partner Bijan Tehrani are rumoured to be planning the launch of a legal gambling operator to compete with the largest local sportsbook operators – Tabcorp and Sportsbet. The duo have quietly managed to register the first Australian companies and trademarks for their global gambling brand Stake which is currently banned in the country. According to experts, the move could pave the way for them to possibly launch their own legal sportsbook. As mentioned above, Mr Craven and Mr Tehrani head the…

The UK Gambling Commission (UKGC) revealed that it handed out a £2-million fine to Videoslots Limited after it found that the company breached some anti-money laundering (AML) and social responsibility (SR) rules. The country’s gambling regulatory body shared that the monetary penalty will be paid as part of a settlement it reached with the gambling company that currently operates the videoslots.co.uk, videoslots.com, and mrvegas.com online gambling platforms. The money that the UKGC receives as a result of the settlement will be used to fund various socially responsible causes the UK.…

Entain has unveiled plans to take over the leading Polish sports betting operator STS Holding in an acquisition deal estimated at approximately £750 million. The British gambling giant, which owns a number of popular gambling brands such as Ladbrokes and Coral, also confirmed that the two largest shareholders of the Polish company who collectively own a majority 70% stake in the sportsbook – Zbigniew Juroszek and Mateusz Juroszek – have already given the green light to the takeover offer. As part of the agreement, the Juroszek family is set to…

Hillside (UK Sports) ENC, which trades as bet365, has managed to dodge further action from the Advertising Standards Authority (ASA) after the advertising regulatory body challenged a promoted tweet for the company. The controversial advert featured boxer Chris Eubank Jr. The country’s advertising watchdog challenged whether the aforementioned advert on Twitter, seen in January 2023, included an individual who was likely to be quite popular among underage individuals, and therefore violated the CAP Code. The UK gambling operator responded to the claims, saying that their social media channels only targeted…

Last Sunday, the former first minister of Scotland – Nicola Sturgeon – was arrested by police in connection with an ongoing investigation of the Scottish National Party (SNP). The country’s political party is currently at the centre of an investigation associated with alleged gambling-related misappropriation of funds. As the Scottish Police confirmed in a statement, the former leader was released after seven hours of questioning, with the investigation still underway. A spokesperson for the Scottish National Party indicated that the 52-year-old former minister voluntarily responded to the police request the…

The governing body of Australian football is taking part of the money placed as wagers on games at all levels in the country under a secret agreement, reports have emerged. Sources familiar with the matter claim that the agreement involves not only international football clubs but also games played by local teenagers, and amateur suburban club competitions. The secretive arrangement of Football Australia, however, is only part of multiple similar agreements inked between Australian sporting bodies such as the Australian Football League (AFL), the National Rugby League (NRL) and Cricket…

Entain has allegedly violated the New Zealand Gambling Act within a week of getting ministerial approval, as a subsidiary of the British gambling company was found to have been sending advertising materials days before the company’s TAB partnership was officially given the green light. On May 25th, the gambling giant received Racing Minister Kieran McAnulty’s permission to take over TAB operations for 25 years, a move that would guarantee a NZ$900-million investment in the country’s racing industry over five years. Under the deal, TAB’s monopoly over racing and sports betting…

An Australian punter who lost a massive amount of money has taken two gambling operators to court for encouraging him to continue gambling and failing to spot he had shown signs of problem gambling behaviour. Alexander Gassner has filed legal action in Federal Court against Beteasy and Sportsbet, accusing the companies of “unconscionable conduct” and seeking the court to order the two operators to recover the money he lost with them. According to the documents filed in court, the two gambling operators were accused of not contacting the player to…

People familiar with the situation revealed that an investor group including a former betting company executive are urging 888 Holdings Plc to make some changes and boost the value of the popular UK gambling operator. The sources, who preferred to remain unnamed because the information is confidential, reported that the consortium, which includes Lee Feldman, once a Chairman of GVC Holdings Plc before it renamed itself as Entain Plc in 2020, have contacted 888 Holdings Plc with their proposals. The group of campaigners has managed to increase its stake of…