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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
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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.

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

Aristocrat Claims Breach of Intellectual Property Law Against Ainsworth

Niji Narayan

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Aristocrat Claims Breach of Intellectual Property Law Against Ainsworth
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Aristocrat Technologies has lodged proceedings in the Federal Court against Ainsworth Game Technology, alleging the breach of intellectual property law. Aristocrat claimed that Ainsworth stole the designs to one of its most successful slot machines.

The dispute centres on the technology which Aristocrat developed for its popular Lightning Link machine, which it alleges was stolen by its rival and used in one of its own machines. The Lightning Link has been a runaway success for Aristocrat, being picked up by casinos around the world.

“This case goes well beyond simple copyright infringement and concerns allegations of extensive and deliberate misappropriation of trade secrets, confidential information and intellectual property. Upholding appropriate standards is part and parcel of ensuring ongoing trust in our business and industry, and is an important part of Aristocrat’s high compliance culture,” Aristocrat said.

Ainsworth said that it would be “vigorously defending the claims made by Aristocrat in these proceedings.”

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Australia

Spintec celebrates first installation in Australia at AGE 2019

George Miller

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Spintec celebrates first installation in Australia at AGE 2019
Photo Source: spintec.si
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Spintec is celebrating after a successful installation of Aura amphitheatre gaming setup in one of the most prominent clubs in Sydney. The installation happened in the first part of the year and initial results are very encouraging. Spintec and its Australian distribution partner, Independent Gaming, have very optimistic plans for the Australian market, the second part of 2019 looks promising in terms of new partners and installations.

“We went through a very long certification process, our R&D team invested a lot of time and effort, and now we are very proud of what we have achieved”, says Primoz Krsevan, Regional Sales Manager at Spintec.

Between the 13th and 15th of August, Spintec will be at the Australasian Gaming Expo (AGE) that will take place in Sydney, at Darling Harbour. Together with Independent Gaming, they will present their ultimate gaming solutions. “This year’s AGE is very special to us, as we have finally entered into the market and started making the first footprints in the Australian gaming industry”, says Krsevan.

Spintec will showcase its amphitheatre setup with a library of virtual games that include Roulette, Baccarat, and Sic Bo. Spintec is very confident that the Aura amphitheatre solution will have great success in the Australian market. Players love Aura’s incomparable comfort, dedicated space for personal belongings and drinks, widescreen and intuitive user interface, and luxuriously soft natural materials, while the operators appreciate Aura’s customization options, modularity, compatibility, and stability. Aura definitely keeps players in their seats which drives to longer gaming sessions and consequently higher revenues for the operators.

For the first time at AGE, Spintec will present its compact solution Karma 8 GEN2 Automated Roulette. Karma roulette is one of the most sold Spintec products in Asia. Customizable and ergonomic design, unbeatable comfort, and modular array are the main product’s features that will bring success also on the Australian market.

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Australia

Tabcorp $14,000 out of pocket for offering illegal inducements to gamble

George Miller

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Tabcorp $14,000 out of pocket for offering illegal inducements to gamble
Photo Source: officelovin.com
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Tabcorp has been convicted and ordered to pay over $14,000 in fines and costs for offering an illegal gambling inducement in NSW.

The penalty was handed down in Sydney’s Downing Centre Local Court on 3 July after Tabcorp pleaded guilty to breaching NSW gaming laws.

The prosecution follows an investigation by Liquor & Gaming NSW into a promotion that appeared on Tabcorp’s mobile phone app on 4 October last year.

The advertisement offered ‘HEAD TO HEAD SPECIAL – KHABIB VS MCGREGOR – if your fighter loses by decision, bonus bet back up to $50’.

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

Such promotions can only be offered in NSW to registered betting account holders. In this case, the promotion was available to anyone who viewed the app without being required to log on to a Tabcorp betting account.

Chief Magistrate Graeme Henson said the sentence needed to recognise the adverse social impacts of gambling which extends to families, and rejected the company’s claim that this case involved extenuating circumstances.

Liquor & Gaming NSW Director of Compliance Operations Sean Goodchild said Tabcorp’s promotion 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.

“Under new laws that came into effect in July 2018, wagering operators 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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