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Singapore Casino Resorts See Hope, as COVID-19 Restrictions Finally Eased
Singapore is finally beginning to ease restrictions related to COVID-19, and that's much-welcomed news to the sovereign island city-state's two integrated casino resorts. The Singapore Ministry of Health announced yesterday that indoor...
DraftKings Slumps as Hindenburg Research Alleges SBTech Ties to Illegal Gambling, Organized Crime
Shares of DraftKings (NASDAQ:DKNG) are sliding Tuesday after noted short-selling activist Hindenburg Research published a lengthy report. The report alleges the gaming company's SBTech unit operates in jurisdictions where sports betting is...
Oaktree Capital Ups Stakes in $2.39B Bid for James Packer’s Crown Shares
Oaktree Capital is determined to help Crown Resorts buyback billionaire founder James Packer’s shares, while nabbing some equity for itself in the process. The private equity group has reaffirmed its interest in...
BlueBet Eyes US Expansion with Aussie IPO Proceeds
BlueBet, an upstart Australian sportsbook operator, is nearing an initial public offering (IPO). The proceeds could drive the company's domestic and US expansion efforts. The operator is slated to list shares on...
Fears First Papua New Guinea Casino Will Aggravate Social Ills
Papua New Guinea’s first casino could magnify social problems in the South Pacific nation, according to critics, who also say the proposal lacks transparency. The Guardian reports that PNG’s National Gaming Control...
$100 Million Slots Session at Star Sydney Led to Massive Cocaine Bust
A man who gambled A$100 million (US$77 million) in a week on slots at the Star Casino in Sydney was part of a gang that planned to import cocaine worth A$900 million...
Universal Entertainment Hit with CCC+ Credit Rating as Fitch Worries About Okada Manila SPAC Deal
Japanese gaming company Universal Entertainment Corp.'s (UEC) credit rating has been lowered to “CCC+” from “B” by Fitch Ratings. The research firm expressed concerns about the operator's plans to list its Okada...
Entain CEO Urges Tabcorp To Take His Bid to Avoid Risky Rivals
Entain Australia CEO Dean Shannon, not surprisingly, believes his company's $2.7 billion proposal for Tabcorp's media and sports wagering businesses is the best in a growing field and is urging the operator...
BetMakers Jumps Into Tabcorp Bidding Fray with $3.1 Billion Offer
Australian betting technology company BetMakers is inserting itself into the field of contenders for Tabcorp's media and sports wagering units with a $3.1 billion bid. The proposal, revealed late Thursday, is equivalent...
New Jersey Moves Closer to Fixed-Odds Racing, Monmouth Hopes to Offer It by July
More than a year after New Jersey racing officials announced their intent to usher fixed-odds horse racing into the United States on a wider scale, it may soon become a reality. On...