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Match-Fixing Scandals That Made for Ugly Headlines in 2016
2016 was still young, the Christmas tinsel barely packed up, before tennis found itself engulfed in a huge match-fixing scandal. In early January, documents passed to the BBC and Buzzfeed News by...
Strangest Gaming Bedfellows of 2016: Match Ups We Never Saw Coming (But Sometimes Saw Going)
No question, 2016 saw some strange partnerships, interesting deals, and all kinds of dramatic decisions hit the headlines when it came to the gaming industry worldwide. From the weird (an Australian billionaire...
Baazov Attorney Demands Release of Insider Trading Details?
The lawyer for former Amaya boss David Baazov urged the Quebec securities regulator, AMF, this week to reveal more details of its case against their client. Sophie Melchers, of Norton Rose Fulbright,...
Crown Resorts Sells $1.2 Billion Stake in Macau, Pulls Out of Alon Vegas Project
James Packer's Crown Resorts has made a dramatic U-turn on its global expansion strategy, suddenly and unexpectedly retreating from both Las Vegas and Macau, the two biggest gambling hubs in the world....
Consortium Makes Shock $7.3 Billion Offer for Tatts, Igniting Potential Bidding War
The proposed merger between Australian betting giants Tabcorp and Tatts was plunged into uncertainty after a consortium including private equity firm KKR and investment banker the Macquarie Group launched an unexpected A$7.3...
GVC Prepared Bid for Ladbrokes-Coral but Talks Have Broken Down, Say Sources
Reports late Friday that GVC had prepared a £3.2 billion ($4 billion) reverse takeover bid for Ladbrokes-Coral were followed almost as quickly over the weekend by suggestions that negotiations had collapsed. According...
Beijing ATM Restriction in Macau Causes Casino Stock Plunge
Just in case Macau was getting too comfortable with the idea of an economic revival, Beijing announced on Thursday that the withdrawal limit at ATM machines in the enclave would be slashed...
Macau Revenues Surge to $2.4 Billion, Region Posts Best Month Since 2014
Macau revenues topped all gaming expectations in November by climbing over 14 percent to 18.8 billion patacas ($2.35 billion). While it takes state gaming agencies at least a week or two to...
Nevada Casinos Win in October, as Non-Stop Flights from Beijing Bring in Chinese Tourists
Nevada casinos won big in October, as revenues climbed 11.1 percent compared to the same month in 2015. Total win came in at $986.2 million, Nevada's third-best month since gambling was legalized...
Black Friday Indictee Paul Tate Avoids Prison Sentence
Paul Tate, PokerStars’ payments director of the pre-Amaya era, has been spared a prison sentence by a Manhattan federal court. Tate was one of 11 people indicted by the Department of Justice...