3704 stories by Philip Conneller
Caesars $3.7 Billion Takeover Bid Backed by William Hill Board
Caesars Entertainment has agreed to acquire British bookmaker William Hill (WH) for £2.9 billion, or $3.7 billion, in cash. The US casino giant shut out a rival bid from its former controlling shareholder, the private equity group Apollo Global, to capture the...
Regulators Probe Potential Insider Trading in James Packer Sale of Crown Resorts Shares to Melco
Disclosures by James Packer’s investment company to Melco Resorts in advance of a $1.7 billion Crown Resorts share sale came under scrutiny Tuesday by a licensing suitability investigation in Sydney. The NSW Independent Liquor and Gaming Authority inquiry wanted to know whether...
Crown Resorts Junks Junkets as Sydney License Hangs in Balance
Australia’s Crown Resorts has suspended all its business with junket operators until June 30, 2021 while it “undertakes a comprehensive review of its processes.” Junket-fueled VIP business accounts for around seven percent of revenues said the company, whose shares fell by almost...
Gambler Sues Ladbrokes to Recoup £3.3M in Remote Bets Due to Lack of Spanish License
A Scottish gambler whose sports-betting habit was so prolific he had a designated private hotline to his local Ladbrokes outlet is now suing the bookmaker for more than £3.3 million ($4.2 million) in a bid to claw back his losses. From 2014...
Bloomberry Summoned in Case Brought by Bangladesh Bank Over $101 Million Cyber Heist
Bloomberry Resorts said in a filing this week it had been summoned to the New York State Supreme Court over 2016’s $101 million Bangladesh Bank heist. The Philippines casino operator is among 17 entities and individuals named in a civil lawsuit filed...
PokerStars Founder Isai Scheinberg Dodges Prison in Black Friday Indictment, Pays $30,000 Fine
PokerStars founder Isai Scheinberg, 74, walked out of a New York federal courtroom a free man on Wednesday. Judge Lewis A. Kapan sentenced the Lithuanian-born Canadian citizen to time served and fined him $30,000 for operating an illegal online gaming business --...
New Zealand Supreme Court Ends $2.2 Million Winery Dispute Between Bickering Las Vegas Casino Execs
Glenn Schaeffer, former director of the Mandalay Bay Resort Group, will have to pay $2.3 million to two fellow high-level Las Vegas casino executives after the three men fell out over a New Zealand winery. On Tuesday, New Zealand’s Supreme Court declined...
England’s COVID Curfew is ‘Death Knell’ for Casinos: Industry Body
A 10 p.m. curfew imposed on all leisure facilities across England could "signal the death knell” for its casino industry, according to trade body the Betting and Gaming Council (BGC). Michael Dugher, chief executive of the BGC, said Tuesday that the new...
Alleged Casino Money-Laundering Kingpins Gunned Down in Richmond, BC Restaurant, One Dead
Two Chinese Canadians suspected by authorities of involvement in a billion-dollar casino money laundering scheme were shot Friday evening at a Japanese restaurant in Richmond, British Columbia. One of the men, Jian Jun Zhu, 44, died at the scene. The other, Paul...
Darvin Moon, Ultimate Amateur Poker Player, Dies at 56
Darvin Moon, the Maryland logger who 11 years ago became an unlikely star on poker’s biggest stage, has died because of complications arising from surgery. He was 56. Moon’s second-place finish to Joe Cada at the 2009 World Series of Poker was...
