News - Page 2
Blackstone’s Offer for Crown Faces a Number of Hurdles
As Crown Resorts received its first takeover offer from private equity firm Blackstone, the ABC reports that any takeover bid faces numerous hurdles, including negotiating a fair sale price. Crown said its board had not yet formed a view on the merits of Blackstone’s proposal and would start a process...
Packer Engages Moelis to Look After Crown Resorts Interests
Moelis Australia has been engaged by James Packer’s Consolidated Press Holdings to look after its interests in Crown Resorts. The Australian Financial Review reports that it is understood CPH has mandated Moelis to independently assess what to do with the group’s Crown Resorts shareholding, in light of an $11.85 a...
Ignition Welcomes Bitcoin Users with Exclusive Offers
It is clear that more people are moving toward the world of cryptocurrency every day. And many of those people are already in the digital world in some way, whether working in a technology field or playing as a gamer or gambler. Ignition Casino and Ignition Poker know this. They...
NSW Expands GambleAware and Reclaim the Game
The New South Wales Office of Responsible Gambling took time during the coronavirus pandemic to increase the ways in which to expand gambling help. Two of those ways are gaining traction in 2021, as GambleAware establishes more hubs in NSW and more teams join the Reclaim the Game campaign. GambleAware...
Crown’s Sydney Licence Could be Returned in 2021
Bloomberg reports that there is a realistic prospect that Crown Resorts’ casino licence will be reinstated in the second half of 2021. Chairman of the Independent Liquor and Gaming Authority Philip Crawford said it is a “realistic prospect” that the watchdog will decide in the second half of 2021 that...
Tabcorp Rejects Entain’s Buyout Offer
A $3 billion offer from British group Entain to buy Tabcorp’s wagering and media division has been rejected, but Tabcorp has said it will undertake a review that could lead to an auction of the business. The Age reports that Entain, which owns Ladbrokes, lobbied its bid for Tabcorp’s bookmaking...
SkyCity Reveals Three New Board Directors
SkyCity Entertainment has announced it will appoint three new independent directors to its board. The NZ Herald reports that corporate lawyer Silvana Schenone, outgoing Summerset chief executive Julian Cook and former Star Entertainment chief financial officer Chad Barton will be appointed. The appointments follow the sudden retirement of Adelaide-based deputy...
WSOP 2021 Set for Online Poker and Live Poker Action
WsdfddddThe World Series of Poker is back! In 2020, the pandemic forced the World Series of Poker to cancel its live Las Vegas series of poker tournaments for the first time ever. While most Australians cannot make the trek to the United States in June and July for the poker...
Former Rugby League COO Joins Crown Resorts
Former National Rugby League chief operating officer Nick Weeks has joined Australian casino operator Crown Resorts. The Australian Financial Review reports that Weeks, a former Allens lawyer, has joined the gaming group as its head of regulatory response and transition. After being made redundant last September as part of an...
Blackstone Takeover Could Help Crown Open Sydney Casino
An offer by Blackstone to acquire all the shares in Crown Resorts could help the Australian operator meet the requirements set out by a NSW regulator to proceed with the opening of its Sydney casino, according to a release by Fitch Ratings. GGR Asia reports that the ratings house suggested...