The Japan Cup now has a $5.25M purse, making it one of the most lucrative in the world. While Criminal Code chapter 23 generally bans gambling in Japan, there are some exceptions, including certain motor sports and horse racing, which the public can legally gamble on. And in the case of the latter, the people of Japan make the most...
After an extensive renovation, a newly remodeled race and sports book at Wynn Las Vegas was unveiled Tuesday. The newly renovated space includes the addition of a nearly 1,600-square-foot wraparound LED video screen which highlights a new restaurant concept and a sophisticated design. The high-definition LED video wall which is 11 feet high and 137 feet wide, and has a...
KKR & Co. backed Pacific Consortium announced on Friday it was done working on an A$6.15 billion (US$4,627,260,000) acquisition offer for Tatts Group Ltd after the target company’s board said Friday the offers was not “superior” to an offer already made by and agreed with Tabcorp Holdings Ltd. Tabcorp had much to lose if Pacific Consortium would have bested them...
In Australia, the national competition regulator has expressed concerns about Tabcorp Holdings Limited’s proposed $4.44 billion plan to buy rival Tatts Group due to the effect the proposed merger could have on the country’s wagering, racing media and gaming industries. The nation’s largest bookmaker, Melbourne-based Tabcorp Holdings Limited has a reported market capitalization of around $3 billion and operates Australia-facing...
While Duval, Florida residents voted to authorize slot machines in the county, the state has turned down bestbet’s request to add 2,000 slot machines to its poker facility in Jacksonville. The state cited a number of reasons why it could not allow bestbet to offer slot games, including the fact that slots referenda are only allowed to take place...
British online and land-based sports betting and gaming operator Ladbrokes Coral Group has reportedly ended a broadcast rights dispute with The Racing Partnership that will see it resume offering live bet-to-view services from 22 horseracing venues. According to a report from The Telegraph newspaper, London-based Ladbrokes Coral Group was told in late-January to cease providing live broadcasts from the 15...
Eight months after the megamerger was first announced, the $11 billion acquisition of Tatts Group Limited (ASX: TTS) by Australian gambling giant, Tabcorp Holdings Limited (ASX: TAH) has been approved by the Australian Competition Tribunal (ACT). The proposal was given the green-light on Tuesday when Federal Court judge and tribunal president John Middleton delivered the ruling, which stipulates that Tabcorp must...
Japan’s Civil Code is in the process of being revised to lower the age of adulthood on the island nation from 20 years of age to 18. However, according to Asia Gaming Brief, the government has decided the change will not affect the current legal gambling age. That means anyone under the age of 20, will still be legally...
In the United Kingdom, horseracing track operator Arena Racing Company has signed an agreement that is to see sportsbetting giant William Hill run on-course sportsbooks at six of its venues. Arena Racing Company explained that the deal covers its horseracing tracks in Doncaster, Lingfield Park, Southwell, Wolverhampton, Worcester and Windsor and follows the long-term media rights accord inked between William...
Beginning in April of this year, betting operators in the United Kingdom will have to provide 10% of race wagering revenues to the racing industry. Last Friday, Tracey Crouch, the Minister for Sports, Tourism and Heritage, confirmed that the new rate would be applied to every betting operator, whether they were retail, online, off or on course, spread betting...

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