Company Reports

The Barangaroo casino of Crown Resorts has opened its doors for the first time earlier today but the gambling company expects its VIP-facing gambling facility to become fully operational by October 2022. The opening of the second casino operation in Sydney comes almost 2 years after the limited opening of Crown Resorts’ Barangaroo resort, as well as a decade after billionaire James Packer rolled out his campaign aimed at establishing a waterfront gambling resort aimed primarily at attracting affluent Chinese gamblers. Simon McGrath, the chief executive officer of Crown Barangaroo,…

Two university studies on gambling advertising spending cited data that operators increased their expenditures on advertising by almost 50% during the winter Covid-19 lockdowns although they were aware of customers’ anxiety. According to separate studies held by the Universities of Glasgow and Stirling, the amount spent on gambling advertising reached a new high in 2021. The Daily Mail even reported that the figures exceeded the levels of gambling advertising spending surpassing the pre-coronavirus pandemic levels. Gambling operators still kept their promise to reduce their investments in advertising during the first…

The gambling company LeoVegas faces a monetary penalty worth £1.32 million after the UK gambling regulator made revelations of the operator’s anti-money laundering and social responsibility failures. As revealed by the UK Gambling Commission (UKGC), LeoVegas, which currently operates a number of British-facing online gambling platforms, including leovegas.com, betuk.com, pinkcasino.co.uk, 21.co.uk, and slotboss.co.uk, will also face an official warning. The gambling company will have to undergo an audit to make sure it is efficiently implementing its social responsibility and anti-money laundering policies, controls, and procedures. The Director of Enforcement and…

The Advertising Standards Authority (ASA) has banned an irresponsible ad of the local sports betting brand Coral over potential risks it could negatively affect problem gamblers. Two complainants challenged a TV ad for the British bookmaker Coral seen in March 2022, which featured stylised footage of a horse race while some spectators were waiting for the outcome of the race, cheering. According to the complainants, the advert breached the country’s advertising laws as it portrayed and encouraged gambling behaviour that was socially irresponsible or could result in social, financial, or…

The powerful mixture of gambling, sports betting and poker brands including Paddy Power, Betfair and The Stars Corp, which is currently owned by Flutter Entertainment, has provided the Irish bookmaking giant with the chance to reach deeper into the Australian gambling industry. Following the merger between Flutter and The Star Group, the company’s Australian businesses – Sportsbet and BetEasy – have managed to overtake the largest betting shop owner in the country from Tabcorp thanks to the combined revenue of the units. They currently control approximately half of the country’s…

Several days ago, the Irish bookmaking giant Flutter Entertainment revealed that it had decided to lay off some of its employees in Ireland and the UK after completing an internal review. The gambling business, which currently owns and operates some of the most popular betting and gambling brands not only in Ireland and the UK, but also worldwide, such as Sky Bet, Paddy Power, and Betfair, did not unveil any more information regarding the exact number of redundancies it intended to make or which company roles would be affected. A…

The beginning of the month saw 888 Holdings complete the acquisition of all non-US assets of William Hill from Caesars Entertainment. Now, a series of management changes is set to be initiated at the company, including changes to the chief executive officer (CEO), chief operating officer (COO), chief financial officer (CFO), and chief security officer (CSO). As revealed by the new owner of the former William Hill’s assets, the chief risk officer (CRO) role will be occupied by Harinder Gill, while Naama Kushnir is set to step down from the…

The licence of the online gambling operator bet-at-home was officially revoked by the UK Gambling Commission (UKGC) on July 6th, 2022, after the regulator raised some questions regarding the legitimacy of some of the company’s operations. Eventually, the gambling operator announced its decision to surrender its operating permit and exit the country’s gambling sector, as it suffered a massive blow that made it impossible to stabilise its operations. The online gambling company, which was founded in Austria, has recently revealed that it plans to further cut its workforce as part…

The UK gambling regulatory body recently unveiled that problem gambling rates in the country remain low, at 0.2%. The cited rate is based on the watchdog’s latest survey held among 4,018 locals. The latest survey of the UK Gambling Commission (UKGC) was held on the phone, with the respondents being inquired about their gambling habits. In line with the Problem Gambling Severity Index (PGSI), the regulator asked three questions to the local people participating in the research, with the questions being linked to their gambling habits. Respondents were asked to…

Sam Jeffrey, the commercial director of Norwich F.C., has shared that the club does not intend to sign a gambling operator as a shirt sponsor anymore, adding that the football club must finally start to self-regulate when it comes to such agreements in the future. Instead of signing gambling sponsorship deals, the English professional football club plans to sign a 1-year partnership contract with Lotus Cars, a car manufacturer based in Norfolk. The latest home kit of the football club, which features Lotus Cars as a sponsor, was officially released…