3799 stories by Philip Conneller
Great Canadian Gaming Corp Agrees $2.5 Billion Apollo Global Takeover Bid
The Great Canadian Gaming Corp (GCGC) board has unanimously approved a C$3.3 billion ($2.5 billion) takeover bid by private equity giant Apollo Global Management. The Vancouver-based casino group announced Tuesday that the deal values the company at C$39 a share, which represents...
Ho-Chunk Casino Killing Trial Delayed By Prison Coronavirus Outbreak
The trial of a septuagenarian charged with fatally stabbing a fellow senior citizen outside the Ho-Chunk Casino in Baraboo, Wisconsin is on ice. That's after an outbreak of coronavirus in the prison holding the accused. Robert Pulvermacher is alleged to have killed...
Gambler Who Kidnapped Son of Debtor Over $4 Million Loan Says He Had ‘No Other Option’
A kidnapper who snatched a 12-year-old boy off the street in a bid to recoup an AU$5.5 million ($4 million USD) gambling debt from the boy’s father apologized to his victim as he was handed a seven-year prison Tuesday. Australia’s ABC reports...
£27 Million Gambler Sues London’s Park Lane Club for £244K in Unpaid VIP Incentives
A high-rolling gambler who staked £27 million ($35 million) on the roulette tables of an exclusive London private members casino before turning a “small” profit is suing the casino for cashback. In a lawsuit filed in London’s High Court, Croatian Juste Puharic...
Sportech Rebuffs $71 Million Takeover Bid from Standard General, Major Twin River Shareholder
Shares in British betting tech group Sportech soared almost 20 percent Friday after the company confirmed it had rejected takeover bids by US hedge fund Standard General. Sportech said it had received two all-cash offers from the New York-based investment firm, which...
Top BC Lawmaker Let Money Launderers Run Riot in State Casinos, Former Police Commander Says
British Columbia’s minister in charge of gaming under the province’s former Liberal government had no interest in combating money laundering at state-owned casinos, according to a former top police officer. Fred Pinnock was commander of BC’s anti-illegal gaming unit until it was...
‘Top Dog’ Gambler Played with CA$1.1 million at River Rock, Mostly $20 Bills
A “top dog” gambler with connections to an underground bank that allegedly laundered money for drug cartels was able to gamble with CA$1.1 million ($840k) in low denomination banknotes at a British Columbia casino. The Cullen Commission, which is examining the historical...
Two Plead Guilty to Witness Tampering in Japanese Casino Bribery Case
Two supporters of embattled Japanese lawmaker Tsukasa Akimoto have pleaded guilty to witness tampering on behalf of the former casino policymaker. Akihito Awaji, 54, and Fumihiko Sato, 50, admitted to the Tokyo District Court this week that they attempted to bribe witnesses...
Crown Resorts ‘Unsuitable for Licensing’ in New South Wales, $1.4 Billion Sydney Casino Jeopardized
Lawyers assisting an inquiry into Crown Resorts in New South Wales have recommended the company be found unsuitable for licensing in the southeastern Australian state, throwing the $2 billion ($1.44 billion) Crown Sydney into jeopardy. The company hopes to open the new...
Philippines Regulator Greenlights Online Gambling Lifeline for Pandemic-Stricken Casinos
Casinos in the Philippines have permission to accept online bets to ease the financial pressures of the coronavirus. Alfredo Lim, president of the country’s operator-regulator, PAGCOR, confirmed the move to Bloomberg on Monday by text. But he declined to elaborate on the...
