William Hill sells Australian unit to CrownBet for A$317.7m Asia Gaming Brief · March 6, 2018 at 5:06 pm William Hill said it has sold its William Hill Australia unit to CrownBet Holdings and a group of shareholders associated with the founder and CEO Matthew Tripp, for an enterprise value of A$300 million ($233 million), equivalent to an equity value of A$313.7 million. U.K.-listed William Hill said in a statement to the London Stock Exchange that the business was put under strategic review after … [Read more...]
2017 sees growth of five per cent for Olympic Entertainment G3 Newswire · March 6, 2018 at 4:53 pm Big revenue gains in Estonia, Malta and Italy helped drive Olympic Entertainment’s revenue before gaming taxes for 2017 to €215.1m, up 4.9 per cent or €10m year-on-year. Total gaming revenue before gaming taxes accounted for 89.6 per cent of the company’s revenues. The group’s consolidated EBITDA for 2017 amounted to €47.3m, a decline of 12.1 per cent from €53.8m a year before whilst … [Read more...]
Dublin casino agrees to stump up ‘compromise amount’ to gambler who claims they refused to pay €11,713 roulette winnings Gary Meenely, The Irish Sun · March 6, 2018 at 7:30 am A Dublin casino has agreed to settle a court case after refusing to pay a gambler thousands of euro in roulette winnings. Sayed Mirwais, 36, took legal action against D1 Casino, of Lower Dorset Street, Dublin, who he claims refused to cough up his €11,713 roulette winnings. The refugee lost his Circuit Court case after a judge ruled that under Irish law, winning gamblers have no legal … [Read more...]
License Macau casinos by venue, not concession: Ma GGRAsia · March 6, 2018 at 4:07 am A firm investing in one of Macau’s so-called satellite casinos is floating the idea of effectively ending the Macau government’s gaming concession system and moving to licensing by venue. The idea was suggested by Hoffman Ma Ho Man (pictured in a file photo), executive director and deputy chairman of Success Universe Group Ltd, an investor in the Ponte 16 casino hotel that currently operates … [Read more...]
Police operations net 54 persons for illegal lottery, cyber gambling Daryll Law, The Borneo Post · March 5, 2018 at 9:54 pm A total of 54 individuals were arrested during the course of illegal gambling operations carried out by police across the state over the past week. State CID chief Datuk Dev Kumar said the suspects, including five foreigners, were arrested during 47 raids targeting illegal lottery and cyber gambling in Kuching, Bintulu, Miri, Kota Samarahan, Sarikei, Lundu, Sibu, Bau, Serian, Mukah, Marudi, … [Read more...]
Bermuda House: casino regulations ‘without delay’ Lisa Simpson, The Royal Gazette · March 5, 2018 at 9:52 pm Casino gaming regulations are to be enacted in three phases, Bermuda's Minister of Economic Development and Tourism said today. Jamahl Simmons told the House of Assembly that his ministry was working with the Attorney-General’s chambers to put them in place “without further delay”. He added: “In fact, the Attorney-General’s chambers and the Commission have agreed that, for expediency and … [Read more...]
USDOL says $13.9M owed Saipan casino workers The Saipan Tribune · March 5, 2018 at 9:50 pm The U.S. Department of Labor has finalized a series of settlements with contractors on Saipan in the Commonwealth of the Northern Mariana Islands that will pay a collective $13.9 million in back wages and damages to thousands of employees who came from China to build the Saipan casino and hotel on the island. Investigators with the department’s Wage and Hour Division determined that the … [Read more...]
Japanese casino legislation remains deeply unpopular Asia Gaming Brief · March 5, 2018 at 9:44 pm Among Japanese lawmakers, dominated by conservative political parties, there is strong support for passage of the IR Implementation Bill in the current Diet session, but the latest poll by the Kyodo News agency shows that the legalization of casino gambling remains deeply unpopular with the public at large. In a poll focusing broadly on the Abe government’s policy agenda, Kyodo News found … [Read more...]
Older Galaxy Entertainment staff pressured to resign: labour group GGRAsia · March 5, 2018 at 9:43 pm Several gaming workers reportedly petitioned Macau’s Labour Affairs Bureau on Friday, claiming that they had been unfairly treated by their employer, casino operator Galaxy Entertainment Group Ltd. The workers alleged they had been put under pressure to resign at their approaching 60th birthday, and on less favourable terms than workers of similar age in the past. In Macau there is no mandatory … [Read more...]
Far East Consortium to acquire Trans World Corporation G3 Newswire · March 5, 2018 at 9:38 pm The owners of American Chance Casinos, Trans World Corporation (TWC), which also owns hotels in Germany and Austria, is to be acquired by Hong Kong-based consortium, Far East Consortium International (FECI). FEC will pay up to US$42m (HK$327.6m) and will assume TWC’s net debt at closing (not exceeding $11.025m) for the acquisition. TWC, together with its subsidiaries, primarily engages in the … [Read more...]
