• About Us
  • The Team
  • Advertise with Us

The latest news on the gaming industry in Asia

() () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () () ()
  • Home
  • Macau
  • Philippines
  • Singapore
  • Japan
  • Rest of Asia
  • World
  • Industry Talk
  • Trends & Tech
  • iGaming
  • follow
    • Facebook
    • Twitter
    • RSS Feed
    • LinkedIn

CrownBet drops some actions on rivals’ merger: Crown

Nov 30, 2017 Newsdesk Latest News, Top of the deck, World  


CrownBet drops some actions on rivals’ merger: Crown

Australian casino operator Crown Resorts Ltd, 62-percent owner of horse race and sports betting brand CrownBet Pty Ltd, says the latter has dropped two instances of opposition to the planned merger of two major online betting rivals.

In the same Thursday filing to the Australian Securities Exchange, Crown Resorts said that one of the CrownBet commercial rivals – Tabcorp Holdings Ltd, an Australian wagering, gaming and keno operator – had agreed to provide CrownBet – under a “commercial arrangement” – a digital stream of television broadcast channels Sky 1 and Sky 2 “for the personal use” of CrownBet wagering customers “on their own mobile and personal computer devices”

Under the commercial terms of the arrangement, CrownBet will make payments to Tabcorp, “subject to an annual minimum amount”.

Tabcorp and Tatts Group Ltd, the latter a wagering, lotteries and gaming business with operations in Australia and New Zealand, have proposed a AUD11-billion (US$8.4-billion) merger.

CrownBet had opposed the deal via the courts and via submissions to the Australian Competition and Consumer Commission.

The parent Crown Resorts said on Thursday that there had been “settlement” of CrownBet’s opposition – that had been pursued via the Australian Competition Tribunal – to the rivals’ merger.

There had also been settlement of proceedings commenced by CrownBet in the Supreme Court of New South Wales in relation to the legal status of the rivals’ “proposed arrangements with clubs in New South Wales,” said the filing.

On November 24, Crown Resorts confirmed it was in talks regarding the future of its interest in CrownBet.

Crown Resorts has concluded this year some major realignment of its business. In May, the firm completed the disposal of its remaining stake in Asian casino operator Melco Resorts and Entertainment Ltd. The firm has also closed offices in several Asian jurisdictions, including in Macau.


  • tweet
Related articles
  • Blackstone clinches US$6.15bln takeover of Crown Resorts
    Blackstone clinches US$6.15bln takeover...

    Jun 24, 2022  

  • Australian court nods Blackstone-Crown deal: filing
    Australian court nods Blackstone-Crown...

    Jun 15, 2022  

More news
  • Only 2 Macau satellites closed as concessions extended
    Only 2 Macau satellites closed as...

    Jun 29, 2022  

  • LVS full recovery may take until 2024: Moody’s
    LVS full recovery may take until 2024:...

    Jun 29, 2022  


Latest News

Only 2 Macau satellites closed as concessions extended

Only 2 Macau satellites closed as concessions extended

Jun 29, 2022  

Only two of Macau’s 18 satellite casinos – the Rio Casino and the President Casino – have closed amid changes to the city’s regulatory system for such properties, and against...
Read More
LVS full recovery may take until 2024: Moody’s

LVS full recovery may take until 2024: Moody’s

Jun 29, 2022  

Satellite casino ops still to Dec 31 at Casa Real, Grandview

Satellite casino ops still to Dec 31 at Casa Real,

Jun 29, 2022  

Sign up to our FREE Newsletter

UB8V5.qr.16(Click here for more)

Pick of the Day

"There is still no clarity about when border easing for Macau will occur. In the end these changes are needed to see a rebound for Macau business"

Vitaly Umansky, Louis Li and Shirley Yang

Analysts at brokerage Sanford C. Bernstein



Most Popular

  • Macau casino Covid tests from Fri, ops pay for staff testsMacau casino Covid tests from Fri, ops pay for staff tests June 28, 2022
  • China quarantine easing good signal for Macau: analystsChina quarantine easing good signal for Macau: analysts June 29, 2022
  • SJM to make 2nd of pledged staff subsidy payments for 2022SJM to make 2nd of pledged staff subsidy payments for 2022 June 27, 2022
  • Moody’s confirms SJM Holdings’ ratings, negative outlookMoody’s confirms SJM Holdings’ ratings, negative… June 27, 2022
  • MGM China gets deal for use of MGM brands renewedMGM China gets deal for use of MGM brands renewed June 27, 2022
Copyright 2014-2022 TEAM Publishing and Consultancy Ltd / All rights reserved
  • Code of Ethics
  • Privacy Policy
  • Useful Links
  • Contact Us