Crown Resorts has launched proceedings against RiverStone International in the Supreme Court of Victoria, alleging the insurer has failed to contribute to a $72.5 million shareholder class-action settlement arising from years of scrutiny over the casino operator’s anti-money laundering controls and governance. Crown says RiverStone is responsible for part of the settlement under excess insurance policies held by the company. Court documents indicate Crown is seeking $22.5 million from the insurer, while also pursuing interest and damages. The dispute concerns insurance arrangements […]

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Three members of Congress have renewed their criticism of FanDuel’s VIP sports betting program, arguing that the company’s previous response failed to address important questions about how it markets to and monitors high-value customers. U.S. Sen. Richard Blumenthal (D-Conn.) and U.S. Reps. Paul D. Tonko (D-N.Y.) and Valerie P. Foushee (D-N.C.) sent a new letter to FanDuel CEO Christian Genetski after the company responded to their initial inquiry in August. The lawmakers said FanDuel’s answer remained incomplete and again questioned whether its […]

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Germany’s gambling regulator has opened an investigation into ADI Predictstreet, the prediction market company promoted during football World Cup broadcasts through its partnership with FIFA. The review places renewed attention on the operator’s activities in Germany, where it does not hold a gambling licence, while several European regulators increase their focus on prediction market platforms. The Gemeinsame Glücksspielbehörde der Länder (GGL), which oversees gambling regulation across Germany’s federal states, confirmed that it is examining whether ADI Predictstreet’s World Cup advertising […]

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The Star Entertainment Group has selected veteran American casino executive John Koster to lead The Star Sydney, marking another step in the company’s ongoing restructuring following a change in ownership and continued financial pressure. The appointment, which remains subject to regulatory approval, places Koster at the helm of the Sydney property at a time when the group is implementing cost reductions and operational changes. He most recently served as Vice President and General Manager of Bally’s Lake Tahoe in the United […]

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