Company Reports

At a time Crown Resorts is still trying to polish out its reputation and viability as a casino operator, a number of other operators have demonstrated their interest to approach it as potential buyers of some or all of its assets. The Blackstone Group and Oaktree Capital Group have been considered as the biggest contenders, especially due to their large financial capabilities, but another rival has stepped in recently. As Casino Guardian previously reported, Australia’s Star Entertainment also tabled an acquisition offer for the troubled gambling giant. Although it is…

BoyleSports has revealed it is interested in acquiring some or all of the betting shops owned by William Hill in the UK. Such a move on the Irish gaming group would mark a massive expansion into the country’s gambling market by the operator that currently has only 21 betting outlets in the country. The sale of the brick-and-mortar betting shops has been announced as a result of William Hill’s acquisition by the US gambling giant Caesars Entertainment for £2.9 billion earlier in 2021. At the time when the deal was…

A recent investigation of The Sunday Times has found hundreds of foreign gambling companies to be taking advantage of an existing loophole in the UK legislation that allows them access to local players. According to reports, BOB Sports, also known as BOB88, and about 700 other unlicensed gambling companies have been using a so-called “white-labelling” loophole to get to British customers and lure them with their services. Such operators simply pay another company to use their licence and basically, this is how they avoid the usual probes from local regulatory…

One of the leading gambling companies in the UK – William Hill – has revealed that it has joined forces with the leading content platform Contentstack as part of its efforts to bring some major changes to its digital strategy. The announcement revealed the betting giant’s intention to alter its strategy in an attempt to become a more globally diverse and digitally-led business. As revealed by the UK gambling company, it teamed up with Contentstack in order to develop a fresh and innovative experience for the William Hill Vegas brand.…

The British bookmaker Ladbrokes managed to avoid getting punished over a controversial advert by the country’s advertising regulator. A complaint was filed to the Advertising Standards Authority (ASA) by a person who saw a paid-for Facebook post for the gambling operator on March 31st, 2021. The ad encouraged potential customers to play “the Goonies Jpk” at Ladbrokes and offered an incentive of more than 30 free spins after customers placed a £50 bet. The complainant considered that the advert made a reference to the film “The Goonies”, which was why…

Today, the US global asset management company Oaktree Capital Management modified the fundings of its takeover proposal to Crown Resorts. The proposal could be used to buy back shares of the Australian casino giant that are currently owned by billionaire James Packer. Earlier this morning, Oaktree Capital announced that the newly proposed package consists of an AU$2-bilion loan and AU$1.1-billion convertible debt that could provide the US company with a stake of up to 9.99% in Crown Resorts. The updated offer is estimated roughly to AU$12.40 per share, which is…

Australian sports betting operator bookmaker BlueBet announced that it has secured its first gambling licence in the US, paving the way to a further expansion into the lucrative US sports betting market at a time when the company is heading to a listing on the Australian Securities Exchange (ASX) in July. The company, established six years ago by Michael Sullivan, a familiar name to punters who has once been in charge of Sportingbet, is scheduled to open a public offering procedure on June 17th. The gambling company is expected to…

A veteran executive of Crown Resorts has made a confession about taking advantage of problem gamblers. In evidence to Victoria’s Royal Commission, Peter Lawrence, the executive in charge of the VIP Mahogany Room at Crown Melbourne, said that his team was “predatory” in their attitude towards casino patrons who found it hard to control their gambling. Earlier this week, Mr Lawrence was forced to make a confession that he exaggerated his formal statement to the probe, which is aimed at establishing whether Crown Resorts is fit to keep its Melbourne…

The British free-to-air television channel ITV faced criticism for not suspending gambling adverts during Euro 2020. The head of the social policy group Christian Action Research and Education (CARE) has addressed the chief executive officer and the chairman of ITV, criticising the broadcaster’s decision not to ban gambling ads during the football tournament that is scheduled to start in a couple of days. In a letter to the television channel, Nola Leach, the CEO of CARE urged Carolyn McCall, CEO of ITV, and Sir Peter Bazalgette, chairman of ITV, to…

Australian gambling operator Crown Resorts has circumvented making payments of almost AU$200 million over the past seven years. The casino behemoth has managed to avoid making the due payments by describing marketing costs as “winnings” paid out from its venues’ poker machines at the time when it calculated its gambling tax bill. Yesterday, the Royal Commission into Crown Resorts in Victoria that the casino venue has been deducting costs of loyalty scheme points, free accommodation and meals from the money paid out by the 2,628 pokies hosted at its Melbourne…