Packer increases Crown stake
Casino billionaire James Packer knows a bargain when he sees one and moved quickly to snap up 18 million Crown Resorts shares on Tuesday.
Casino billionaire James Packer knows a bargain when he sees one and moved quickly to snap up 18 million Crown Resorts shares on Tuesday.
Bookmakers are set to begin work on a new advertising code of conduct after criticism of gambling ads.
It would have been ugly for Echo Entertainment in the past four months if Sydney punters hadn't picked up the slack.
Rain on Monday caused Melbourne Cup favourite Fame Game's odds to increase, but the Japanese horse has still been heavily backed in Australia's richest race on Tuesday.
Macau's casino revenue fell for a 17th straight month, albeit at the slowest pace since January,
Tabcorp could pay up to $1.6 billion for Tatts Group's wagering licenses and see about 30 per cent earnings accretion by year two.
Horse racing needs to work harder to boost its popularity with younger fans and punters, according to leading bookmaker Tom Waterhouse, or risk losing a generation of spectators to other sports.
William Hill has embarked on an internal technology upgrade in time for this year's Melbourne Cup, as it anticipates a 20 to 50 per cent increase in bets on its online platforms.
Australia's largest bookmaker, Tabcorp, has called for less gambling advertising which it argues is harmful to the community and delivered its annual attack on international betting operators for paying minimal tax.
Crown Resorts has paid $141 million for 20 per cent of Nobu, the acclaimed Japanese restaurant chain.
James Packer's business partner Lawrence Ho believes the Chinese casino hub will wind back policies restricting gambling to reverse a crippl...
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