William Hill’s largest shareholder has been trying to spark new merger and acquisition talks over the past several months, The Sunday Times reported. Privately owned hedge fund Parvus Asset Management owns a 14.3% share in one of UK’s largest gambling operators. The UK Government is set to publish a triennial review of the country’s gambling industry with particular focus on the highly controversial fixed-odds betting terminals. It is believed that new measures on how the machines are to be regulated will be introduced and these will certainly come as a big blow to the operator’s profitability. This is why it…

The Golden Nugget Casino in Las Vegas has joined forces with Miomni Gaming to develop and launch a new mobile sports betting application for punters in the US state of Nevada. Consumers can sign up for the app by visiting the casino’s sportsbook with photo ID, their social security number and placing a cash deposit. Once registered, players will be able to access the app from any location in the state, with the option to place bets on a wide range of sports events. The Golden Nugget is the only sportsbook in Las Vegas that independently offers betting odds to…

Billionaire Sheldon Adelson’s casino company is paying almost $7 million to U.S. authorities to end a more than five-year corrupt practices investigation of the firm’s former relationship with a consultant in Macao and China, company and federal officials said Thursday. With the agreement, Las Vegas Sands Corp. resolved twin probes of more than $60 million paid to an unnamed agent retained in 2006 to acquire a Chinese basketball team, plus other business dealings that include a Beijing real estate deal to promote casinos on the Cotai Strip of Macao, U.S. Justice Department and FBI officials said. The $6.96 million penalty…

Nevada casinos posted profits in fiscal 2016, the first time the industry has been in positive territory since before the Great Recession. This week, the Nevada Gaming Control Board released their annual Nevada Gaming Abstract, which showed the 273 gaming venues that earned more than $1m in revenue in the 12 months ending June 30, 2016 generated a combined income of $979m versus a net loss of $662m in fiscal 2015. Overall revenue at state-licensed gaming venues reached $25.2b, up from $24.6b in fiscal 2015, and only around $100m off the all-time peak of $25.3b in fiscal 2007. Casinos also…

Atlantic City casinos posted their first annual gaming revenue gains in a decade, and the credit is primarily due to their online gambling operations. Figures released Thursday by the New Jersey Division of Gaming Enforcement show the state’s seven surviving casinos generated brick-and-mortar gaming revenue of $189.7m in December, a 6.8% gain over December 2015. Throw in the $18.4m generated by state-licensed online gambling sites and the year-on-year gain rises to 8.6%. If you compare only the revenue generated by the seven casinos that were open to the public in both Decembers, the year-on-year brick-and-mortar gain rises to 13.6%, while…

William Hill, America’s leading Race & Sports Betting company, is partnering with Caesars Entertainment to bring back pari-mutuel simulcast wagering to the Horseshoe Council Bluffs Casino. Bettors at the William Hill Race Book inside the Horseshoe Council Bluffs Casino will be able to wager on major Thoroughbred, Harness, and Greyhound tracks from around the country – seven days a week. The simulcasting area will be adjacent to the main Casino floor and include a state-of-the-art Sports Bar and video wall. Pending regulatory approvals and the construction schedule, the William Hill Race Book will open prior to the 2017 Kentucky Derby….