By Byron Kaye



a close up of a fence: FILE PHOTO: The logo of Australia's top casino operator Crown Resorts adorns a fence surrounding the Crown Perth hotel and casino complex in Western Australia


© Reuters/STRINGER
FILE PHOTO: The logo of Australia’s top casino operator Crown Resorts adorns a fence surrounding the Crown Perth hotel and casino complex in Western Australia

SYDNEY (Reuters) – Australian casino billionaire James Packer on Thursday said international tour operators helped Chinese gamblers circumvent Chinese capital controls, and that his company gave incorrect public statements distancing itself from the so-called junkets.

Loading...

Load Error

The Crown Resorts Ltd founder and one-third owner shared his perception of the travel agents who bring gamblers, often from China, to casinos at an Australian government inquiry. The inquiry is being held to determine whether the company should be allowed to run a A$2.2 billion ($1.6 billion) casino in Sydney’s tallest building. So far during the inquiry, taking place just two months before the 75-floor tower’s scheduled opening, Packer has agreed that he sold a stake in Crown to Hong Kong’s Melco

Read More
/quality/85/?url=http://media.beam.usnews.com/89/70e1ed7b0243542236f9653f391069/tag:reuters.com,2020:newsml_LYNXMPEG950LF:12020-10-06T081804Z_1_LYNXMPEG950LF_RTROPTP_3_AUSTRALIA-CROWN-RESORTS-INQUIRY.JPG">

SYDNEY (Reuters) – Australian casino billionaire James Packer on Tuesday acknowledged sending threatening emails in 2015 to an unnamed person with whom he was working on taking Crown Resorts Ltd

private while a director at the company he created.

During questioning by a government inquiry, Packer blamed his “medical state” for the threats which he agreed were “shameful” and “disgraceful”. Packer, who confirmed on Tuesday that he has bipolar disorder after revealing previously he had mental health problems, said he should have told shareholders about his personal issues instead of keeping them secret.

“I think my medical state is what it reflected most on,” Packer said of the emails to the person. Packer, who quit the Crown board weeks later without disclosing medical issues, no longer works at the company but retains 37% of Crown, a stake worth A$2.2 billion ($1.57 billion).

One of Australia’s wealthiest people, Packer shuns public

Read More
/quality/85/?url=http://media.beam.usnews.com/2b/200982410c0a6c12e6a0257b7540bd/tag:reuters.com,2020:newsml_LYNXMPEG940T6:12020-10-05T100225Z_1_LYNXMPEG940T6_RTROPTP_3_EU-ANTITRUST-SUPERMARKETS.JPG">

LUXEMBOURG (Reuters) – French supermarket groups Casino

and Intermarche on Monday won a partial victory in their fight against an EU antitrust raid and demand for information into a buying alliance after Europe’s second-top court said regulators failed to prove wrongdoing.

The supermarkets’ challenge against the European Commission underlined the recent willingness of companies to fight what they say are excessive demands and regulatory overreach by the EU competition enforcer.

The Commission in February 2017 ordered the companies and their subsidiaries to submit to an inspection.

The EU competition enforcer last year subsequently opened an investigation into the supermarkets’ purchasing alliance set up in France in 2014, saying that this could have been used to illegally coordinate their actions.

The supermarkets then took their case to the Luxembourg-based court, disputing the legality of the seizure and copying of data relating to the private lives of their employees and managers and

Read More
/quality/85/?url=http://media.beam.usnews.com/97/bb94486013838e3d0d24d375372a2a/tag:reuters.com,2020:newsml_LYNXMPEG8T185:12020-09-30T102054Z_1_LYNXMPEG8T185_RTROPTP_3_WILLIAM-HILL-M-A-CAESARS-ENTERTAI.JPG">

(Reuters) – U.S. casino operator Caesars Entertainment

agreed on Wednesday to buy British-based gambling group William Hill

for 2.9 billion pounds ($3.7 billion) to expand in the fast-growing U.S. sports-betting market.

Headquartered in London, William Hill was founded in 1934 as a postal and telephone betting service, and already has a U.S. partnership with the owner of Las Vegas’ Caesars Palace.

Following are some details on the latest addition to the Caesars brand:

** William Hill is Caesars’ exclusive sports book provider in the United States and Caesars has a 20% stake in the British company’s U.S. business

** After betting shops became legal in Britain in 1961, William Hill bought many businesses, driving major growth over the next decades, and currently operates 1,414 licensed betting offices in the country

** The UK accounts for roughly 61% of William Hill’s online revenues, while international markets make up 39%. While the

Read More

The MarketWatch News Department was not involved in the creation of this content.

Sep 28, 2020 (StockMarket.com via COMTEX) —
Top Online Casino Stocks To Watch As We Enter Into The Final Quarter Of 2020

Casino stocks have taken a beating as the coronavirus crisis raged globally. But could now be an ideal time to place your bets on online casino stocks? Or is it too late? Perhaps you are perplexed as to why we are looking at a battered industry. Well, there are a few reasons for that. First, the National Football League (NFL) season has returned in recent weeks.

Second, more physical casino operators have succumbed to pressure to embrace online sports betting in the bid to stay afloat amid the pandemic. It doesn’t take an expert to know that online casinos are making record profits. After all, all physical casinos had to shut during the pandemic. As

Read More

Updated

Read More

Internet gambling software CEO Dermot Smurfit told “Varney & Co.” on Monday that he thinks the NFL season will be “business as usual.”” data-reactid=”12″Internet gambling software CEO Dermot Smurfit told “Varney & Co.” on Monday that he thinks the NFL season will be “business as usual.”

canceled practices as athletes across the country protest what they see as injustice against Black people.” data-reactid=”13″The GAN CEO made the comment four days after several NFL teams canceled practices as athletes across the country protest what they see as injustice against Black people.

Stuart Varney noted that the NFL season is supposed to begin in less than two weeks, which he said is “set to be big business for online gambling cites.”” data-reactid=”14″Host Stuart Varney noted that the NFL season is supposed to begin in less than two weeks, which he said is “set to be big business for online

Read More

MGM Resorts International (NYSE: MGM) stock is down nearly 35% this year. And why shouldn’t it be? After all, the pandemic had a massive impact, with revenue dropping more than 90% in the quarter ending Jun 30! But now, the company has started opening its properties, with its iconic The Mirage set to open soon. Is this a good time to buy? Well, the demand is only going to go up from here which will certainly push the stock. But it could take more than a year for MGM to get back to a pre-Covid revenue run rate. So this may not be a good bet for quick buck artists, but can be considered a long term

Read More