Tabcorp bets future on tech talent
Gambling operator Tabcorp now has been on a three year tech hiring binge as it seeks to dominate online betting.
Gambling operator Tabcorp now has been on a three year tech hiring binge as it seeks to dominate online betting.
Lawrence Ho, James Packer's former business partner, says the convictions against Crown staff in China could raise issues for the casino group's Japan ambitions.
Crown Resorts' $500 million buyback is believed to be over, after house broker UBS handling handled four large lines of stock in late Wednesday trade.
Among the relatives, friends and lawyers at Monday's trial of Crown Resorts staff in China, the one person missing was Jason O'Connor's wife.
There seems little future in China for James Packer as a horror eight months comes to an end.
The sentencing of Crown staff in China brings to a close a tumultuous period for the casino group and major shareholder, James Packer.
The Crown trial is unlikely to stop Chinese high rollers from visiting Australian casinos but it will change the way operators market their resorts.
Crown Resorts head of international high-roller operations, Jason O'Connor, has been handed a ten-month jail sentence in China for gambling-related crimes. Two other Australians received nine-month terms.
The trial of 19 current and former Crown Resorts staff has started in Shanghai on Monday morning. The defendants are expected to all plead guilty.
Japan has just banned junket operators from its $US40b casino industry. It's the same crowd that Australia increasingly hopes to lure.
Crown Resorts staff will plead guilty to gambling-related crimes at their trial in Shanghai on Monday in a bid to limit any further jail time, but insiders say senior executive Jason O'Connor and other staff members have struggled with the decision.
The two states are set to follow SA by taxing gambling at the point of consumption to the detriment of online bookmakers in the low-tax NT.
Tabcorp's Sun Bets joint venture with News Corporation is struggling in the UK
The Chinese court that is hearing the case of 19 Crown Casino employees prides itself on its 'efficiency.'
The Crown board and its management team saw opportunity in China, not risk.
The Australian Competition Tribunal handed down its rationale for allowing the Tabcorp Tatts merger on Thursday
Crown Resorts has hired one of China's top commercial lawyers, Liu Haitao from King & Wood Mallesons, for the trial of its employees that starts on Monday.
Analysts say the Tabcorp Tatts merger should give earnings an 11 per cent boost
Tabcorps earnings per share should be up at least 11 per cent in coming financial years, if it secures rival wagering company Tatts Group.
It is easy to see why mergers in the gaming and wagering sector are so rare.
Tabcorp's $11 billion merger with Tatts Group has been approved with only one minor condition.
There will be a fallout for the ACCC and the three parties who opposed the Tabcorp and Tatts merger.
Finally Tabcorp can see the winning post in the Tatts Merger Cup, thanks to some smart legal strategies.
Wagering giant Tabcorp has the champagne on ice as it moves one step closer to a company-transforming $11 billion deal with rival Tatts Group.
The fate of the biggest merger of the year will be known on Tuesday
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