Australia

Engine to develop Australia’s first national self-exclusion service

The Australian Communications and Media Authority (ACMA) has enlisted the help of Engine to develop Australia’s first nationwide self-exclusion service. Engine is the developer behind the UK’s GAMSTOP self-exclusion system. ACMA teams up with Engine According to the ACMA’s announcement, Engine has been appointed to develop and operate the National Self-Exclusion Register. Once rolled out, …

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BetMakers submits AU$4bn bid to acquire Tabcorp’s wagering division

The Australian supplier BetMakers Technology Group has made a AU$4bn (US$3.09bn/ £2.18bn) non-binding proposal to acquire Tabcorp’s wagering and media division. Several other businesses including Entain and Apollo Global Management have also put forward proposals to acquire the Australian operators’ assets. BetMakers’ proposal The proposal would see Tabcorp receive AU$1bn in cash, which according to …

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Apollo submits revised AU$4bn bid for Tabcorp’s wagering division

The private equity firm Apollo Global Management has put forward a revised bid worth AU$4bn (US$3.10bn/ £2.23bn) to acquire the Australian operator Tabcorp’s wagering, media and gaming services segments This comes after online gambling giant Entain also confirmed a revised bid for the Australian operator’s assets last month. Apollo’s bid Apollo management has put forth …

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Entain confirms AU$3.5bn bid for Tabcorp’s wagering division

The online gambling giant Entain, formerly known as GVC Holdings, has confirmed it made a revised AU$3.5bn (£1.96bn/$2.72bn) offer to acquire the Australian operator Tabcorp’s Wagering and Media division. In February of this year, it was widely reported by Australian media outlets that Tabcorp, Australia’s largest gambling business, had received several unsolicited offers to acquire …

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Crown Resorts receives AUS$3bn funding offer from Oaktree

The Australian resort operator Crown Resorts has received a proposal from investment management firm Oaktree Capital Management to provide up to AUS$3bn (£1.67bn/ US$2.32bn) in funding for a share buy-back scheme. This comes after private equity giant Blackstone altered its bid to acquire Crown Resorts last week. The Oaktree offer Crown Resorts said that the …

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Blackstone alters terms of bid to acquire Crown Resorts

The private equity giant Blackstone has made several modifications to its bid to acquire Crown Resorts. The revised terms of the deal come as the operator appointed Bruce Carter to its board as a non-executive director earlier this week. Carter previously served as the deputy chair of SkyCity Entertainment Group. Blackstone’s bid to acquire Crown …

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Blackstone Group makes AUS$8.02bn bid to acquire Crown Resorts

The private equity group Blackstone Group has made an AUS$8.02bn (£4.47bn/US$6.19bn) offer to acquire the remaining shares in the Australian resort operator Crown Resorts. Blackstone already owns stakes in several high profile properties including the MGM Grand and the Bellagio in Las Vegas, Nevada. Blackstone’s bid According to an announcement from Crown Resorts Blackstone offers …

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Victoria to investigate Crown Resorts’ suitability for casino licence in Melbourne

Victoria’s Government has announced a royal commission into Crown Resorts to assess the casino operator’s suitability to hold its casino licence in Melbourne. State Premier Daniel Andrews announced that a royal commission will be held to consider whether Crown Melbourne should be allowed retain its Victorian licence that is used to operate its flagship casino …

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