Company Reports

Ireland’s greyhound industry is to be forced to table a business plan on an annual basis in order to be given state funding under the terms of a bill published by a Member of Parliament from the Green Party. Neasa Hourigan has proposed a piece of legislation that would also seek to put an end to the existing model that allocates public funds to horse racing and the greyhound industry on an 80/20 basis. According to Ms Hourigan TD, it is not acceptable that the greyhound sector in Irelan gets…

A new survey found that more than 25% of football fans in the UK are concerned about the amount of money they might lose while placing wagers on football matches during the World Cup. The research that was carried out on behalf of the country’s largest gambling charity GambleAware found that six in 10 people said they believed there are too many gambling adverts released during international tournaments. GambleAware, which is currently the biggest organisation aimed at helping problem gamblers in the UK, reported that 43% of football lovers plan…

The Government of Premier Mark McGowan has terminated the planned sale of the last state-owned betting company, WA TAB, after looking for a suitable buyer for more than three years. Western Australia (WA) Government revealed that it has not been able to find a takeover offer that fitted its policy objectives, after reports that deals estimated at over AU$1 billion collapsed. Premier Mark McGowan explained that local lawmakers had spent significant time and effort trying to deliver a result that could balance the long-term interests of both the state and…

The UK Gambling Commission (UKGC) officially announced that it has lifted the licence suspension it imposed on the sports betting company Lebom Limited on November 3rd. The measure was taken in connection with the gambling operator’s failure to adopt and integrate the national self-exclusion service GAMSTOP into its product offerings and mobile application. At the time when the country’s gambling regulatory body first announced the suspension of the company’s operating permit, Lebom Limited acted quickly. As Casino Guardian reported, the sports betting and football prediction operator’s licence got suspended on…

One of the leading gambling companies in Australia – the Star Entertainment Group – confirmed that it faces another class action lawsuit over alleged shortfalls linked to the company’s lack of compliance with anti-money laundering and counter-terrorism financing rules. The beginning of the week saw Star Entertainment release a statement sharing that the Australian gambling giant has been served a legal claim for securities class action in Victoria’s Supreme Court. The lawsuit was filed by Maurice Blackburn, the law firm that has been considering the possibility of starting legal action…

The short-form video hosting service TikTok is allowing sports betting operator Sportsbet to promote its services to Australian customers, although it has previously suspended gambling advertising on its platform. A spokesperson for TikTok confirmed that the company was running a strictly-controlled advertising pilot programme with Sportsbet for the first time in Australia but that was found concerning by some market experts. The current advertising policy of TikTok in Australia suspends adverts promoting gambling-related content, such as bingo, daily fantasy sports, etc., adverts originating from a gambling brand or featuring any…

Crown Resorts has been fined a record amount of AU$120 million by the gambling regulator of Victoria over its breaches to comply with responsible gambling rules. The Victorian Gambling and Casino Control Commission (VGCCC) revealed that it imposed record monetary penalties on the Australian gambling giant after finding that the company’s Melbourne casino failed to prevent gambling-related harm by allowing its patrons to continuously gamble for long periods without a break. According to the state’s gambling regulator, Melbourne casino customers were sometimes allowed to gamble for over 24 hours. The…

The UK Gambling Commission revealed that it has suspended an online gambling company from transacting with British customers after the operator failed to participate in GAMSTOP, the country’s safer gambling self-exclusion scheme. As of November 3rd, 2022, LEBOM Limited, which trades from the lebom.app platform, has been suspended from operating with immediate effect until the UKGC gets proof that the company has fully integrated the GAMSTOP scheme. Furthermore, the gambling watchdog unveiled that it has rolled out a review of LEBOM’s operating permit under section 116 of the UK Gambling…

Australian punters have raged about the decision of the new betting operator betr to deactivate the customer accounts of Melbourne Cup winners rather than paying their winnings out. The company, in which the local media giant News Corp holds a 33% stake, provided its customers with 100-1 odds on any horse participating in the Melbourne Cup for an AU$10 stake as a part of a special offer, which was supposed to guarantee a return of AU$1,010 in case their selected champion won the race. In this year’s edition of the…

SkyCity Entertainment Group is now preparing for the worst, as it is facing two probes associated with its casino operation in Adelaide, South Australia. The company is reportedly setting aside a massive amount of cash because it is anticipating the possibility of facing huge monetary penalties. The New Zealand-based gambling operator has confirmed it is still working in collaboration with the Australian Transaction Reports and Analysis Centre (AUSTRAC) and the Office of the Liquor and Gambling Commissioner (OLGC) in the state of South Australia, both of which are investigating its…