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1594 results for "australia"
Crown Resorts Suitability Probe for Victoria License Kicks off in Melbourne
Crown Resort’s retention of its gaming license for its flagship Melbourne property could rely on the effectiveness of a recently implemented reform program. That’s according to former judge Ray Finkelstein, who is...
New Jersey Senate Committee Puts Money on Eating Contests and Other ‘Sports’
A New Jersey bill that would allow the state’s sports betting operators to take bets on competitive eating contests and the Oscars advanced Monday from the Government, Wagering, Tourism & Historic Preservation...
Crown Resorts Created Code to Avoid Detection of Illegal Chinese VIP Ops, Claims Lawsuit
Blackstone’s $6.2 billion bid for Crown Resorts is a rare dose of positive news for the company’s billionaire founder, James Packer. At the absolute minimum, it pushes some of the less-than-complimentary stories...
Blackstone May Have to Raise Bid for Crown Resorts, Says JPMorgan
Blackstone (NYSE:BX) is offering $6.2 billion for Crown Resorts. But that may not be enough to get the Australian gaming company to come to the bargaining table. On Sunday, Crown said it...
As Wall Street Shows, Even When US Sportsbooks Lose Money, They Still Can Win
Over the last month, several gaming companies have issued quarterly financial reports. For those with US sportsbooks, losses weren’t uncommon. DraftKings announced adjusted earnings before interest, taxes, depreciation, and amortization (EBIDTA) at...
Blackstone Offers $6.2 Billion for Embattled Crown Resorts
Private equity titan Blackstone (NYSE:BX) is bidding $6.2 billion for controversy-laden Australian gaming operator Crown Resorts. Blackstone hasn't publicly confirmed the overture. But the speculation surrounding the gaming company was enough to...
Macau to Benefit in 2022 as Mass Market Revenue Is Onshored, Says Morgan Stanley
Other Asia-Pacific gaming markets are likely to cede market share to Macau next year, as Chinese gamblers and tourists head back to the special administrative region (SAR). Analysts at Morgan Stanley believe...
Fox Mulls Tabcorp Takeover to Boost Sports Betting Profile
Rupert Murdoch’s Fox Corp. (NASDAQ:FOXA) is reportedly mulling a bid for Australia's Tabcorp as an avenue for increasing its sports wagering exposure. The media giant is said to be working with an...
JPMorgan Forecasts US Micro-Betting Boom
A team of JPMorgan analysts led by Daniel Politzer say micro-betting is shaping up to be the next big thing in sports betting. Micro bets are derivatives of in-game counterparts. With an...
PointsBet Buying Banach Technology for $43 Million to Expand In-Game Betting Platform
PointsBet (OTC:PBTHF) is acquiring Banach Technology for $43 million. The move is aimed at increasing the sportsbook operator's footprint in the fast-growing in-game betting market. PointsBet will pay 55 percent of the...