Asian gambling operator Melco Crown Entertainment (MCE) has undertaken a senior executive restructure as the firm seeks to reverse its declining corporate performance. A raft of executive changes was confirmed by MCE CEO Lawrence Ho, who has assumed greater control of the company following last December’s equity sell-off by James Packer’s Crown Resorts. Aiming to reverse the declining performance of …
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Rodrigo Duterte, the outspoken and hardline President of the Phillipines, has seemingly backtracked on a softer approach to online gambling regulation and moved to close it down entirely in the country. In a speech which followed the announcement of the 2017 national budget Duterte stated that he would be “ordering the closure of all online gambling (firms)… All of them. …
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GVC has agreed to sell its payments processing business Kalixa Group to Singapore-based global payments operator Senjō Group for a total consideration of €29.0 million payable in cash on completion. Prior to completion, an amount equal to the free cash (over and above €2.1 million) in the Kalixa Group will be retained by GVC by way of dividend. The sale …
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Implementing a ‘comprehensive strategic change’ James Packer’s Crown Resorts (Crown) will scale back on all its international investments and ambitions, to focus on growing its Australian home enterprises. Confirming its corporate strategy change, Crown will no longer spin-off its international assets into a separate enterprise seeking an ASX-listing (plan announced in May 2016). Fully committing to Crown home markets, Packer …
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The expected Tabcorp-Tatts merger (first announced October 2016) faces a major challenge as a private consortium led by London private equity firm Macquarie Group and New York fund KKR has today launched an AUS $7.3 billion (£4.4 billion) bid for Tatts Group assets. Under the proposition of ‘Pacific Consortium’ the group of investors has made an approach of between AUS …
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Following the conclusion of the ‘International Races’ festival (11 December) at the Hong Kong Jockey Club (HKJC), event title sponsor and HKJC commercial partner Longines has confirmed that it will extend its commercial tie-in with the Asian racing operator. Updating corporate stakeholders this weekend, HKJC governance detailed that Swiss watchmaker Longines had extended its title sponsorship of its ‘International Races’ …
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Cherry Gaming’s industry performance marketing subsidiary Game Lounge has confirmed the launch of its first Japanese affiliate website; JapaneseCasino.com (www.japanesecasino.com) Launched last week, the website aims to produce the best content and information for Japanese online gambling consumers. Game Lounge management stated that it had spent numerous months researching the market in order to adapt its product to localised needs …
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Stockholm listed betting exchange Spiffx has signed a joint venture agreement with leading Australian operator Cardinal House to roll out Take5Live and Spiffindex to the Australian and Asian market. Take5Live is an engaging game based on Spiffx market activity that allows customers to place bets on there being a goal within the next five minutes at pre-determined odds. Spiffindex is …
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William Hill Australia will have no courtside presence at the upcoming Australian Open (Melbourne 16-19 January), due to this year’s widespread allegations of match-fixing in tennis. Steve Healy President of Tennis Australia (TA) confirmed the organisation’s decision yesterday, stating that no William Hill branding would be visible on court matches during the tournament. Healy stated that the TA decision regarding …
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Clarion Events has confirmed that a total of 91 gaming organisations from across 34 nations will be exhibiting at ICE for the first time in February 2017. Kate Chambers, Managing Director of Clarion’s gaming division, has described the large number of first time exhibitors as the ‘X Factor’ in the success story of the industry’s biggest B2B gaming event. For first …
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