Austria’s Union of Private Sector Employees, Printing, Journalism, and Paper (GPA-djp) has attacked the ambitious restructuring plan agreed by Casinos Austria earlier this week, saying that the state oversight of the business has failed.
A storm of regulatory change and economic uncertainty is brewing for the GB gambling industry, and operators should prepare for a punishing second half of the year, writes RB Capital's Julian Buhagiar.
The supervisory board of Casinos Austria has approved a proposal from the business’ management team for a far-reaching restructuring plan through which it aims to reduce costs by more than €40m, but which will see its employee headcount significantly reduced.
Circus Circus Casino has filed a lawsuit against insurance company AIG for damages exceeding $75m in the United States District Court for Nevada, arguing the operator’s AIG insurance policy failed to cover “all risks” as specified during the novel coronavirus (Covid-19) crisis.
Esports betting operator Esports Entertainment Group has announced that it will close its purchase of online betting and gaming operator Argyll Entertainment on or before 31 July, after finalising a definitive agreement for the acquisition.