Former Amaya Inc. CEO David Baazov has offloaded an 8.2% stake in the Canadian online gambling company. He sold 12,000,000 shares of Amaya for a price of C$22.31 per share or a total of C$267.7 million.Earlier this month Mr. Baazov disposed of 7,000,000 shares for a price of ...
Gambling operator William Hill today announced that Ruth Prior will replace Philip Bowcock as Chief Financial Officer. Mr. Bowcock has recently been appointed as the company’s new CEO after it had looked for a new head for almost a year.Ms. Prior is joining William Hil ...
A government-commissioned report will propose on Friday that the Swedish gambling monopoly system be scrapped, Reuters reported on Wednesday citing an unnamed source.Swedish politicians previously called for a review of the country’s gambling industry to be conducted. T ...
A surprising 2016 that saw Britain vote ‘leave’ on the EU referendum and former casino mogul Donald Trump defy all logic and become the 45th President of the United States taught us all a lesson that the unpredictability of politics should never be underestimated....
China has reiterated its commitment to cracking down on the illegal promotion of casino gambling, local media reported citing Chinese Minister of Public Security Guo Shengkun.Casinos are illegal across the country, excluding in Macau, and so is the promotion of this type of g ...
Gambling operator Ladbrokes Coral posted its first post-merger annual financial report after Ladbrokes and Coral combined their operations in November 2016. Pro forma revenue amounted to £2.4 billion for the year ended December 31, 2016, reflecting an increase of 11% from 2015. ...
Casino developer and operator Galaxy Entertainment Group (GEG) is planning to complete and launch Phases 3 and 4 of its Cotai Strip property Galaxy Macau by 2018 and 2020, respectively.The company said during a Friday presentation of its annual financial results that the new ...
Online gambling has seen its role for the growth of the overall gambling industry increase significantly over the past decade or so. The Internet has allowed players (almost) unlimited access to different betting and gaming options and the convenience of not having to go to a spe ...
With market cap of around A$8.4 billion, Crown Resorts Ltd. is one of Australia’s largest casino operators. The company runs two integrated resorts – one in Melbourne and the other in Perth. A third such property is slated for 2020 opening in Sydney’s Barangaroo precinct.The ...
To many Pennsylvania has never been closer to legalizing online gambling. In fact, the state has been working on opening its market for Internet gaming options for some time now. However, obstacles of different nature have been obstructing legislators from taking the final step o ...
The Philippines’ casino resort development activity is set to leave Manila’s borders, PAGCOR Chairwoman Andrea Domingo revealed on Tuesday. The country’s gambling regulator has given the nod to the construction of a $500-million integrated resort on the Cebu island and a $300-mil ...
Live Casino provider Evolution Gaming has become another major industry player to have entered the Mexican online gambling market. The company facilitated its entrance into the country with a Live Casino distribution agreement with Spanish gambling operator Codere.Codere has ...
The global gambling industry has come to a point of its development when it needs to make itself appealing to a new type of customers – a more demanding, inquisitive, and digitally savvy type of customers. Millennials, just as any other gambling group, are not that hard to please ...
Australian businessman James Packer collected almost A$600 million last week after selling subordinated notes to local casino operator Crown Resorts and receiving dividend and special payment from the company’s selldown of its international business.Mr. Packer is a Dire ...
The legalization of online gambling at a federal level in the US is close to impossible at this point. However, a number of states have been pushing for changes in the way this type of offering is treated within their borders for years now. The past two and a half months have sho ...
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