Star Entertainment (ASX: SGR) faces a second securities class action lawsuit that alleges shareholders were misled by the casino’s gross dysfunctional governance and oversight which led to potential breaches of anti-money laundering (AML) obligations and counter-terrorism financing (CTF) risks. Law firm Maurice Blackburn lodged a claim on behalf of shareholders in the Victorian Supreme Court
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US private equity firm Blackstone Inc. has won the bidding war to acquire Crown Resorts (ASX: CWN) in a massive $8.9 billion takeover offer. Through this agreement, Blackstone will purchase all shares in Crown for a price of $12.50 per share through a Scheme of Arrangement. This offer is higher than the previous bid submitted
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In the middle of their capital raising campaign seeking $5 million from shareholders, artificial intelligence company SenSen networks has announced its third big contract win for the week, this time a 3-year contract awarded by Hippodrome Casino in London for SenSen’s motion detection technology. The contract is SenSen’s first UK contract win for their sensor
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Fresh from the legalisation of online sports betting in the State of Arizona, bookmaker PointsBet (ASX: PBH) has entered the desert state via a deal with the Yavapai-Apache Nation to launch betting operations within their Cliff Castle Casino Hotel. The partnership comes just a few months after Arizona Governor Doug Ducey legalised sports betting in
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Deep in any corporate vault lies a piece of paper or two that affirms the right of an enterprise to operate, such as articles of incorporation, a banking or broadcasting licence or a mining permit. Apart from diligent company secretaries, no-one else will give the paperwork a second thought. But when this right to operate
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