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PointsBet signs deal with Cronulla Sharks

Niji Narayan

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PointsBet signs deal with Cronulla Sharks
Photo Source: NRL.com
Reading Time: 1 minute

 

PointsBet, the Australian gambling operator, has agreed a deal to take on the naming rights to Shark Park, as part of a new sponsorship deal with the National Rugby League (NRL) team.

The deal will run for the next four seasons, with the 22,000-capacity venue to be known as the PointsBet Stadium. PointsBet’s branding will now also feature on the front of the Sharks’ playing jersey.

“We are thrilled to be entering a long-term partnership with the Cronulla Sharks; they have ambitious plans both on and off the field and we look forward to being part of their success,” PointsBet co-founder and chief marketing officer Andrew Fahey said.

“The announcement of PointsBet Stadium is something we are very proud of.”

Chris Highett, general manager of commercial for the Sharks, added: “PointsBet is setting new standards in the sports betting industry in Australia and around the world and we’re excited they have shown great faith in our club by partnering up with the Sharks on this long-term arrangement.”

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.

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Australia

Crown Resorts Gets a $7.1 Billion Bid from Wynn Resorts

Niji Narayan

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Crown Resorts Gets a $7.1 Billion Bid from Wynn Resorts
Photo Source: agbnippon.com
Reading Time: 1 minute

 

Crown Resorts in Australia has got a $7.1 billion bid from the Las Vegas based casino giants, Wynn Resorts.

Crown Resorts made a statement about the $7.1 billion (worth 10 billion in Australian Dollars) bid to the Australian Stock Exchange. The Melbourne-based company will be opening a new establishment in Barangaroo, a harbourside in Sydney. Wynn Resorts made a cash-and-scrip offer and Crown is considering it. The news about the takeover increased the price of Crown’s share by a staggering 21 per cent.

According to the deal, Crown Resorts will receive $10.50 on every share, for which Wynn Resorts will pay in stocks and cash. The Melbourne-based company stated that there isn’t any guarantee that the discussions will end with them accepting the offer. The proposal from the Las Vegas casino giants will need regulatory approvals and satisfy other conditions.

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Australia

Ainsworth brings in Lawrence Levy as new CEO

Niji Narayan

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Ainsworth brings in Lawrence Levy as new CEO
Photo Source: ggrasia.com
Reading Time: 1 minute

 

Ainsworth Game Technology, the Australian based manufacturer and supplier of gaming solutions, has appointed Lawrence Levy as its Chief Executive Officer.

Mr Levy is having 37 years of experience in the gaming industry. Recently, he held the position of Vice President Global Sales at Novomatic AG Austria, having previously held roles in operational and sales areas within Central and South America.

Graeme Campbell, Chairman said: “Lawrence is a highly respected and experienced gaming executive and I am confident that he will further assist the Company achieve its strategies to become a leading provider of innovative gaming technology to the global market.”

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Australia

Pointsbet fined $20,000 for offering inducements to gamble

George Miller

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Pointsbet fined $20,000 for offering inducements to gamble
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Betting operator PointsBet has been convicted and fined $20,000 for posting an illegal gambling advertisement in NSW.

The penalty was handed down in Downing Centre Local Court on Tuesday 9 April after PointsBet pleaded guilty to offering people in NSW illegal inducements to gamble.

The prosecution follows an investigation by Liquor & Gaming NSW into an advertisement that appeared alongside the PointsBet app in the Apple App Store.

The advertisement offered ‘ALL 40+ METRO RACES RUN 2ND UP TO $100 BACK’ if participants opened a betting account.

Under the NSW Betting and Racing Act, it is an offence to publish “a gambling advertisement that offers any inducement to participate, or participate frequently, in any gambling activity (including an inducement to open a betting account).”

Magistrate G J Still accepted that the advertisement may not have been easy to find on the Apple App Store but said it had the potential to drive people in the direction of PointsBet online.

Liquor & Gaming NSW Director of Compliance Operations, Sean Goodchild, said PointsBet’s advertisement had clearly offered an inducement to gamble.

“Betting operators have an obligation to ensure that all advertising complies with NSW laws on gambling advertising,” Mr Goodchild said.

“Inducements are known to increase the risk of gambling harm so any breaches are taken seriously, which is reflected in the $20,000 fine.

“Under new laws that came into effect in July 2018, wagering operators, if found guilty of promoting inducements to gamble face fines of up to $55,000 per offence and company directors can be criminally prosecuted.”

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