Greece: Hard Rock International and GEK Terna confirm plans to build and operate Athens casino resort Greek Travel Pages · June 23, 2022 at 5:59 pm Greek construction firm GEK TERNA, awarded the 30-year concession for the development of the first integrated resort and casino (IRC) in Greece, dubbed INSPIRE Athens, has entered a partnership with Hard Rock International, the companies announced this week during a special event in Athens. GEK TERNA Group, which holds a 49 percent share, will undertake the construction of the project to start … [Read more...]
888 Holdings UK revenue falls on safer gambling protections, Dutch exit Natasha Doris, UK Investor Magazine · June 23, 2022 at 5:39 pm 888 Holdings shares were down 2.7% to 170.4p in early morning trading on Thursday, following a reported £690 million in revenue and £109 million EBITDA generated by the company for the twelve months ending 28 February 2022. The group confirmed William Hill brought in £1.3 billion in revenue and £238 million in adjusted EBITDA for the financial period. 888 Holdings commented that the … [Read more...]
Bookmakers donate £1.2 million of Royal Ascot profits to UK charities Ted Menmuir, SBC News · June 23, 2022 at 5:37 pm The Betting and Gaming Council (BGC) has revealed that UK charities will be rewarded with a share of £1.2 million from bookmaker profits donated from last week’s Royal Ascot. The marquee festival saw BGC members pledge to donate all winnings taken from Thursday’s Britannia Stakes race, won by 14/1 shot Thesis ridden by Ryan Moore, the victor in a nail-biting finish. Charities that will share … [Read more...]
Evolution to acquire Nolimit City for up to €340m Daniel O'Boyle, iGaming Business · June 22, 2022 at 5:32 pm Live dealer giant Evolution has agreed to acquire slot developer Nolimit City, as it continues to expand its presence in the slots sector, for up to €340m [US$359m]. Evolution will pay an initial consideration of €200m, with a further €140m dependent on future performance in 2023, 2024 and 2025. All of this total will be paid in cash, paid from existing reserves. Nolimit City will be the … [Read more...]
Chilean casinos see Q1 GGR of US$150 million, delivering $48.3 million in tax payments Lucia Mouriño, SBC Americas · June 22, 2022 at 5:27 pm The Superintendence of Gambling Casinos (SCJ) from Chile has reported that authorized casinos reached the $48.3m mark in tax contributions in the first three months of 2022. Taking inflation out of the equation, these results are 6.4% lower than the ones registered before the pandemic, although they continue the positive trends from recent months. According to the local regulator, the $48.3m … [Read more...]
Financial Action Task Force puts Gibraltar on ‘grey list’ as it urges ‘active and successful’ enforcement Brian Reyes, Gibraltar Chronicle · June 22, 2022 at 5:23 pm Gibraltar has been placed on the ‘grey list’ of the Financial Action Task Force, the global money laundering and terrorist financing watchdog, which is urging authorities on the Rock to demonstrate they are "actively and successfully" imposing sanctions and seizures following financial investigations. The decision, announced on Friday afternoon, is a blow for Gibraltar which had been working … [Read more...]
Crown Resorts given approval to open Sydney Barangaroo casino Australian Associated Press · June 22, 2022 at 6:44 am Gaming group Crown Resorts has been given the green light to finally open the casino in its luxury skyscraper overlooking Sydney Harbour. But the approval by the NSW Independent Liquor and Gaming Authority for the gaming operations inside Crown Sydney’s Barangaroo complex is conditional for between 18 months and two years. “Crown has rebuilt its gaming model from the ground up, which has … [Read more...]
UK: Wynn Interactive’s BetBull customers urged to withdraw funds as firm announces July 3 closure Scott Burton, Racing Post · June 21, 2022 at 6:04 pm Gambling firm BetBull have urged customers to withdraw all funds by July 3, while they will cease taking and settling bets at midnight on Friday. Any existing wagers due to be settled after that will be voided and stakes refunded, with customers blocked from making deposits on Monday this week. In a post on their Twitter feed, BetBull announced they had taken "the difficult decision to cease … [Read more...]
Kindred to withdraw from Germany Daniel O'Boyle, iGaming Business · June 21, 2022 at 5:52 pm Kindred brand Unibet will exit the German market on 1 July blaming the slow progress of licensing and onerous regulatory restrictions. The operator said it had taken the “difficult decision” to withdraw its application for sportsbook and virtual slots licences, and cease all operations from 1 July. “Our long-term strategic direction sets out locally regulated markets as the core engine for … [Read more...]
UK Gambling Commission issues guidance on required consumer protections Ted Menmuir, SBC News · June 21, 2022 at 5:51 pm The UK Gambling Commission (UKGC) has issued new guidance to help operators match new consumer protection requirements that will be introduced as of 12 September. The guidance follows the Commission’s April update that announced a raft of new procedures ‘ensure online gambling businesses do more to identify and taken action to protect customers at risk of harm’. Licensed operators must … [Read more...]
