Heavyweight investors including Allan Gray and Spheria Asset Management say they will vote against the proposal from the company’s largest shareholder. A blistering 90-minute interrogation by Las Vegas’ gaming regulator accused the gaming chief executive of being hostile, arrogant and misleading. Kjerulf Ainsworth has made the move to stop an off-market takeover by major shareholder Novomatic. Under the deal to offload the prime property to the billionaire dynasty, guests at the Blackstone-owned casino group will still be able to access the course.
The Nevada gaming regulator had accused Ainsworth Game Technology’s chief executive of being hostile, arrogant, and misleading. The British bookmaker said about 120 positions in Australia and New Zealand would go as it tries to reset the business after a change of management. Lifting the minimum age to use social media won’t be enough to protect older teenagers from trying online gambling, the former Tabcorp chief executive says. The plan was outlined to staff by the gaming group’s new chief executive Bruce Mathieson jnr, and will lead to Live casino Australia hundreds of positions being cut. Portland Trail Blazers coach Chauncey Billups and Miami Heat player Terry Rozier have been charged over an illegal sports betting scheme and rigged poker games. In a wide-ranging interview, the billionaire businessman also takes aim at the NSW casino regulator, saying it is a “one of the miracles of life” he has a job.
- She creates lovable characters and drops them into intricate worlds that are barely contained within your eReader.
- A SkyCity shareholder brought an application seeking to start a derivative action, where he would sue former executives and directors on behalf of the company.
- Her favorites were the ones about dragons; where they’d swoop, dive and soar through the skies of these enchanted lands.
- After a messy battle over trade secrets, Light & Wonder has paid its major rival Aristocrat and agreed to stop creating its dragon-themed games.
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For fans of the Dragon Riders of Pern and Eragon comes a beautiful coming of age story about the bond between a boy and his dragon…Get ‘Prince of South’ when you sign up to Ava’s mailing list. The son of the company’s billionaire founder has commissioned valuations that he says show properties owned by the business are worth 40 per cent more. The gaming machine manufacturer had also considered a dual primary listing, but said it was hoping to attract investment from index-tracking funds. A SkyCity shareholder brought an application seeking to start a derivative action, where he would sue former executives and directors on behalf of the company. Once loved and loathed as one of the country’s most prominent bookmakers, the scion of the high-profile racing family appears to have found a lucrative niche. A lawsuit filed in the US claims the rapper used the Australian-founded gambling business to pay bots in a scheme to increase the number of times his songs were played.
Ainsworth CEO in tax probe but company says it’s a ‘personal matter’
As teenage gambling rate worries grow, Elmer Funke Kupper has called for the Albanese government to show leadership. Political and industry sources expect Communications Minister Anika Wells to crack-down on illegal offshore gambling websites. The strategy presented to hoteliers and clubs says the bookmaker will set aside $50 million for betting inducements and $80 million to overhaul its terminals. It was a series of fast-falling cards at the company, with Steve McCann’s resignation resulting in two exits and a surprise chairman. Denise Coates has retained her title as one of the world’s best-paid executives, even as her gambling empire’s earnings slumped. Mounties, which owns 10 venues across NSW, is the biggest club owner in the state by gaming machine profit.
Ainsworth chief executive’s job on the line after Nevada licence snafu
Kingsley Bartholomew is a rock star in the world of gambling, where followers seek his advice for a winning edge. The popularity of prediction markets has exploded, and providers are looking to boost liquidity so they can take on gambling groups with multi-leg bets. Tabcorp and former chief executive Adam Rytenskild reached a multimillion dollar settlement over his abrupt sacking by the board.