3799 stories by Philip Conneller
888 Stock Rises 31 Percent Over Expectation Company Can Absorb Coronavirus Shock
The coronavirus may be clobbering gambling stock the world over, but 888 Holdings was up more than 31 percent Tuesday after the company revised its guidance for 2020. The stock market does not generally react well to profit warnings. ut these aren’t...
Brits on Lockdown Betting on ‘Sports They Know Nothing About’ Triggers Call for Online Betting Cap
Concerns are growing among UK politicians that the widespread cancellation of sports events -- coupled with the boredom associated with social distancing measures -- is leading to gamblers betting on sports they “know nothing about.” In an open letter to industry trade...
Sol Kerzner: South Africa’s ‘Sun City’ Casino Supremo Dead at 84
Sol Kerzner, the South African gambling and hospitality mogul whose Sun City complex was arguably the blueprint for the modern themed integrated casino resort, has died aged 84. Kerzner’s name is less well-known in the US, although he built the Mohegan Sun...
Tokyo 2020 Olympics Postponed Till 2021 After Canada, Australia Pull Out
The Tokyo 2020 Olympics will be postponed until 2021 because of coronavirus, International Olympic Committee (IOC) member Dick Pound told USA Today Monday. The news comes 24 hours after the IOC announced for the first time that postponement could be in the...
UK Betting Shops Shut Down as Market Leaders Anticipate Nine-Figure Coronavirus Wipeout
Britain’s betting shops closed indefinitely on Friday night as part of a mass shutdown of businesses where people gather socially. From Friday night, all pubs, restaurants, nightclubs, theaters, cinemas, gyms and leisure centers ceased to trade, as Prime Minister Boris Johnson’s strategy...
UK Soccer Chiefs Resolve to Finish EPL Season, Extend Deadline ‘Indefinitely’
A glimmer of hope for soccer fans -- not to mention bookmakers -- in these troubled times. UK soccer’s governing body, the Football Association (FA), met on Thursday with English Premier League officials and vowed to find a way of resuming the...
Wichita and Affiliated Tribes Sue Oklahoma Over Lottery Games That ‘Violate Compacts’
The Wichita and Affiliated Tribes (WAT) should be exempt from paying casino revenue-share payments to the state of Oklahoma because the state lottery has violated tribal gaming exclusivity. That’s according to a lawsuit filed this week in a federal court that accuses...
Anger Builds as Seminole Hard Rock Casinos Remain Open Despite Mounting Coronavirus Cases in Florida
The coronavirus has forced the closure of 96 percent of commercial casino operations in America, according to the American Gaming Association. Many tribal operators are also heeding the advice from state and federal governments to follow suit, despite the economic devastation it...
UKGC Suspends Lotteries.com License as Regulator Ramps Up Enforcement on Errant Operators
The UK Gambling Commission (UKGC) announced this week it has suspended the license of Lotteries.com parent International Multi-Media Entertainments Ltd (IMME) over unspecified concerns about anti-money laundering (AML) and social responsibility violations. The commission said it had instructed Malta-based IMME to ensure...
GVC, William Hill Issue Grim Profit Warnings Over Sports Cancellations
GVC and William Hill both warned their investors Wednesday of the substantial damage the unprecedented cancellation of elite sports events will wreak on their profits. GVC said that while it was difficult to gauge with precision the effect the novel coronavirus will...
