William Hill handed 6.2m GBP fine for money laundering failures

Article by - - filed under Business.

william hill shop front

UK bookmaker and online gambling operator William Hill has been fined £6.2m (€7m or $8.6m) by the UK Gambling Commission for falling short on money laundering checks and not meeting social responsibility regulations. An investigation by The Commission found that 10 customers of William Hill were able to deposit large sums of money that were… Read more »

Novomatic completes on Ainsworth takeover

Article by - - filed under Ainsworth, Business, Novomatic.

ainsworth stand at gaming show

European gambling group Novomatic has announced the completion of the takeover of Australian slots company Ainsworth, following months of regulatory processing. The deal continues the gambling industry consolidation, which has seen online operator GVC snap up UK bookmaker Ladbrokes Coral and developer BluePrint Gaming buy out Games Warehouse in the past month. Several governing bodies,… Read more »

Ladbrokes Coral agree to 4bn GBP takeover by GVC

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ladbrokes shop signage

Bookmaker Ladbrokes Coral is set to be taken over by online rival and Party Poker owner GVC in a deal worth up to £4bn ($5.4bn or €4.5bn). Earlier in December both parties said their were in ‘detailed discussions’ about a possible takeover which suggested a cash and shares arrangement. GVC, who are better known for… Read more »

David Baazov facing fresh insider trading charges

Article by - - filed under Amaya, Business.

david baazov being interviewed at a show

David Baazov, former CEO of Amaya Inc. will face charges of insider trading and market manipulation charges in Montreal, Canada. The man behind one of the most outrageous deals in gambling history, the $4.9bn takeover of Pokerstars in 2014, is to appear in front of prosecutors in a trial brought by Quebec’s security regulator, the… Read more »