Tabcorp cleared as Australian Federal Police close investigation into Cambodia sports betting bribery claims
The Australian Federal Police revealed on Tuesday that it has closed a three-year investigation into allegations of fraud against Australian gaming giant Tabcorp relating to a Cambodian sports betting opportunity. It was alleged by an Australian media outlet in 2016...
Read moreCurrent issue
Hong Kong Jockey Club cites “serious integrity concerns” in complaint over Crown Resorts-owned betting exchange
The Hong Kong Jockey Club (HKJC) has written to the Australian government, local racing authorities and casino operator Crown Resorts over what it calls “serious integrity concerns” after betting exchange Betfair launched wagering on Hong Kong races this week. The...
Silver Heritage halts preparation of financial statements on a going concern basis as sale looms
Nepal casino operator Silver Heritage Group appears to be edging ever closer to selling its remaining assets after revealing it will no longer prepare its financial statements on a going concern basis. In an ASX announcement issued early Tuesday, Silver...
Inquiry into Melco Resorts acquisition to determine whether Crown Resorts still suitable to hold NSW gaming license
The suitability of Crown Resorts to retain a gaming license for its AU$2.2 billion Crown Sydney is among the key issues to be investigated by an inquiry into Melco Resorts’ acquisition of a 19.99% stake in the Australian casino operator...
Donaco ready to reset after horror year sees losses widen in FY19 on Cambodia impairment charge
Southeast Asian casino operator Donaco International Ltd says it is well positioned to leave the turmoil of the past 12 months behind and start to rebuild after completing a sweeping overhaul of the board earlier this month. The full impact...
Current issue
Melco Resorts defers acquisition of second tranche of Crown shares until conclusion of regulatory inquiry
Asian casino operator Melco Resorts & Entertainment has deferred the acquisition of the second tranche of shares in Crown Resorts following a recent announcement by the NSW Independent Liquor & Gaming Authority that it has launched an inquiry into the...
Ainsworth launches review of product development after Asia-Pacific struggles see FY19 decline
The new CEO of Australian slot machine developer Ainsworth Game Technology (AGT), former Novomatic executive Lawrence Levy, says the company has launched a review to re-evaluate its product development after revenue and profit suffered significant declines in FY19. Ainsworth this...
Melco likely to pass Australian regulatory inquiry, target full Crown acquisition: Bernstein
Melco Resorts & Entertainment should pass a recently announced inquiry into its acquisition of a 19.99% stake in Australia’s Crown Resorts, paving the way for the Asian IR operator to pursue controlling or even full ownership, according to brokerage Sanford...
