Dafabet Closes UK-Facing Online Casino amid Massive Regulatory Pressure

Dafabet Closes UK-Facing Online Casino amid Massive Regulatory Pressure

by March 12, 2018

Online gambling operator Dafabet has recently announced that it is closing its UK online casino. The move has probably been triggered by and comes amid growing regulatory pressure within the field.Dafabet Casino UK stopped accepting deposits on March 8, 2018 and will allow pl ...

Paddy Power Founder Calls for New Measures in Fight against Problem Gambling

Paddy Power Founder Calls for New Measures in Fight against Problem Gambling

by March 10, 2018

Stewart Kenny, co-founder and former CEO of Irish bookmaker Paddy Power (now Paddy Power Betfair), has thrown criticism at the company and the whole industry for responding poorly to the growing issue of problem gambling, The Times reported.Mr. Kenny, who stepped down as CEO ...

Doubts Arise about Nevada’s Proposed Tougher Sexual Harassment Policies

Doubts Arise about Nevada’s Proposed Tougher Sexual Harassment Policies

by March 9, 2018

Nevada gambling regulators are now planning to enact tougher sexual harassment policies after Las Vegas casino mogul Steve Wynn was implicated in sexual harassment and assault that have spanned over three decades. Experts, however, expressed doubts about the effectiveness of the ...

Construction of A$3-Billion Brisbane Casino Resort Officially Under Way

Construction of A$3-Billion Brisbane Casino Resort Officially Under Way

by March 9, 2018

Construction work on the A$3-billion Queen’s Wharf Brisbane integrated resort began officially on Thursday when Queensland Premier Annastacia Palaszczuk turned the first sod. The property, which will feature hotels, a casino as well as multiple food and beverage and entertainment ...

GVC Shareholders Approve Ladbrokes Coral Merger

GVC Shareholders Approve Ladbrokes Coral Merger

by March 8, 2018

Shareholders of Isle of Man based gambling giant GVC Holdings PLC have voted in favor of a merger with Ladbrokes Coral PLC, the company announced on Thursday. The massive takeover which was announced in December 2017 is expected to generate cost synergies of at least £100 million ...

Lawsuits against Steve Wynn Keep Piling as Oregon Sues Disgraced Billionaire

Lawsuits against Steve Wynn Keep Piling as Oregon Sues Disgraced Billionaire

by March 8, 2018

The state of Oregon is suing Steve Wynn and the board of Wynn Resorts in a latest of a series of lawsuits filed by shareholder groups against the embattled businessman and the company he found.The civil case was filed Tuesday in a Clark County, Nevada district court. The offi ...

Another Wynn Resorts Employee Files Sexual Harassment Lawsuit against Steve Wynn

Another Wynn Resorts Employee Files Sexual Harassment Lawsuit against Steve Wynn

by March 7, 2018

A Wynn Resorts employee filed Tuesday a lawsuit against Steve Wynn and Wynn Resorts, accusing the embattled casino billionaire of sexual misconduct and the company he founded more than 15 years ago of endorsing his behavior.The accuser, listed as Jane Doe in court papers, sa ...

GVC Acquires Majority Stake in Leading Georgian Gambling Operator

GVC Acquires Majority Stake in Leading Georgian Gambling Operator

by March 6, 2018

Isle of Man-based online gambling operator GVC Holdings has extended its push into regulated markets with another acquisition deal. The company confirmed Monday that it would buy a majority stake in Georgian online gambling operator Crystalbet.Under the terms of the deal, GV ...

CrownBet Buys William Hill’s Ailing Australian Gambling Business

CrownBet Buys William Hill’s Ailing Australian Gambling Business

by March 6, 2018

CrownBet has won the race for the Australian business of William Hill, the British bookmaker confirmed today. CrownBet and a group of shareholders, including the sports betting operator’s founder Matthew Tripp, would buy William Hill’s Australian division at an enterprise value o ...

Florida Lawmakers Debate Two Gambling Bills as Session Draws to a Close

Florida Lawmakers Debate Two Gambling Bills as Session Draws to a Close

by March 4, 2018

Two separate gambling bills were heard and voted in the Florida Legislature on Friday, one in the House and the other in the Senate, as this year’s legislative session is drawing to a close.The two chambers of the state’s legislative body have traditionally differ ...

Cordish Cos. Secures Plot for Hotel and Casino Resort in South Philadelphia

Cordish Cos. Secures Plot for Hotel and Casino Resort in South Philadelphia

by March 3, 2018

Baltimore-based developer The Cordish Companies recently purchased a property in the stadium district of South Philadelphia where it is planning to build a $600-million casino resort. The Business Journals reports that the company closed the deal in late January at a price of $37 ...

Ladbrokes Could Drop Sponsorships Following Crackdown on Gambling Machines

Ladbrokes Could Drop Sponsorships Following Crackdown on Gambling Machines

by March 3, 2018

A significant reduction of the maximum bet on fixed-odds betting terminals could force Ladbrokes Coral to cut its £8-million annual spending on sponsorships of different sports, including horse racing, the BBC reports.The company runs UK’s largest chain of betting shop ...

New Bidders Emerge for Springfield Riverfront Area Renovation ahead of Casino Opening

New Bidders Emerge for Springfield Riverfront Area Renovation ahead of Casino Opening

by March 2, 2018

A sixth bidder for the renovation of Springfield’s Riverfront Park has emerged, Massachusetts news outlet MassLive reported earlier today. Agawam-based company JL Construction has submitted a $2.418-million base bid for the project, the lowest one presented by the Wednesday deadl ...

Race for William Hill’s Australian Betting Business Narrowed to Two Bidders

Race for William Hill’s Australian Betting Business Narrowed to Two Bidders

by March 2, 2018

Two bidders for William Hill Australia have been granted due diligence access to the business, the Australian Financial Review has reported citing unnamed sources familiar with the matter.British bookmaker William Hill announced in January that it had decided to review its u ...

Florida’s 2018 Senate Gambling Bill Up for Consideration in Appropriations Committee

Florida’s 2018 Senate Gambling Bill Up for Consideration in Appropriations Committee

by March 2, 2018

This year’s Florida Senate gambling bill is set to be brought up for consideration by the Appropriations Committee today. The piece of legislation provides for a certain level of gambling expansion within the state, but unlike previous years, it approaches the matter in a more mo ...