Thursday, July 29, 2021

BetMakers posts record quarter, with AU$8.9mln in cash receipts

Australia’s BetMakers Technology Group says that it has recorded its “strongest quarter to date” in the quarter ending June 30th.
Scientific Games

Five banks in focus for IPO of SG lotteries arm

Five Australian investment banks are reportedly in line to set up what could become the largest IPO on the Australia Securities Exchange, as Scientific Games (SG) seeks to list its global lotteries arm.
Steven-Gregg, tabcorp

Tabcorp chairman denies move to demerging lottery business due to flagging confidence

The chairman of Tabcorp has told media that his decision to take the helm of the company's lotteries entity does not have to do with a lack of confidence in Tabcorp's wagering and media arm

Tabcorp rejects wagering bids, to spin off lotteries arm

Australia's largest gambling operator Tabcorp is signalling that it is open to higher takeover bids for its wagering division, after rejecting multiple earlier proposals.
CBRE, Las Vegas, union gaming

Real estate firm CBRE Group acquires Union Gaming

Las Vegas-based Union Gaming has been acquired by real estate services and advisory firm CBRE Group Inc.

Melco’s Lawrence Ho to launch $150m SPAC on NYSE

Melco Resorts & Entertainment Chairman Lawrence Ho is planning to launch a $150 million special purpose acquisition company (SPAC) on the New York Stock Exchange (NYSE).
Suncity group

Suncity completes sale of Access Achievement

Suncity Group said it has completed the disposal of its wholly-owned subsidiary, Access Achievement, for HK$184.42 million ($27.7 million).

Pansy Ho appointed vice-chairman of Phoenix Media

MGM China co-chairperson and Shun Tak executive chairwoman Pansy Ho has been appointed as the vice-chairman of Hong Kong-based Phoenix Media Investment Ltd. 
responsible gaming, KYC, fix

Responsible gaming is broken and KYC is the fix

Responsible gaming is finally taking center stage in our industry. However, after reading an article about the Responsible Gaming Violations at Crown in Australia, it is clear that there is a serious disconnect between policy and patrons.
Don Carducci

Interview with Don Carducci: Bidders for Crown, will we see a winner?[video]

Asia Gaming Brief Asia Editor Felix Ng sits down with JP Morgan Equity Research Analyst Don Carducci about some of the recent bids for Crown Resorts’ shares, as well as a surprise merger proposal from rival casino operator The Star Entertainment Group. 


Guangdong, Macau mulls easing travel requirements

Guangdong and Macau are planning to extend the validity window of the nucleic acid test (NAT) result, which is required for those travelling between the two regions. 

PAGCOR H1 gaming income down 20%

The Philippines Amusement and Gaming Corp (PAGCOR) has announced a near 20 percent drop in income from gaming operations in H1 as the Covid pandemic forced the closure of properties.

WDTS gets $35m investment from Beach Point

Walker Digital Table Systems has announced a $35 million strategic investment by Beach Point Capital Management, a multi-billion dollar investment manager with a sizable portfolio in the casino gaming industry.

Star says Sydney closure extended, Queensland eases

Australia's Star Entertainment said its casino in Sydney will remain closed until August 28th due the government's lockdown restrictions for the city and surrounding area, but operating restrictions have eased in Queensland.