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CEO McLoughlin steps down from SKS365 Group

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Ian McLoughlin has resigned from the post chief executive of the Austria-based SKS365 Group along with two other senior staff members.

General counsel Angela Gemma and group financial controller Aaron Meli are the other two senior officials who quit behind the Italy-facing PlanetWin365 brand.

McLoughlin has stepped down to pursue other opportunities, an SKS365 spokesperson confirmed.

Gemma has chosen to return to her law firm, while Meli will join for an advisory role with SKS365.

SKS365 refused to comment on possible replacements to fill the now-vacant roles.

SKS365 is currently caught up in the “Galassia” investigation, an ongoing probe by Italian police into anti-money laundering in the country’s gambling market.

In November, 68 people were arrested as part of the investigation, which has uncovered how Italian organised crime groups in Calabria, the Ndrangheta, have been using bookmakers for money laundering purposes.

The police have previously stated that SKS365’s inclusion in the probe relates to the company’s previous management between 2015 and 2017.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: CEO McLoughlin steps down from SKS365 Group

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Mobile Betting Bill Fails to Progress Through New York Assembly

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Senator Joseph Addabbo’s mobile betting bill has failed to progress through the New York Assembly. The legislative session saw S17 fail to progress beyond the Assembly Standing Committee on Codes.

Addabbo tweeted that he saw no clear reason why the state could not implement mobile sports betting in 2019. Failure to do so would see the state miss out on around $75m in revenue, funding for education, and both job creation and retention.

“NY will be stuck like a disabled car on the shoulder, while we allow an illegal sports betting business in our state thrive and idly watch other neighboring states pass us up with enormous revenue gains from mobile sports betting,” Addabbo said.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Mobile Betting Bill Fails to Progress Through New York Assembly

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Eldorado Resorts to Buy Caesars Entertainment Corp

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Eldorado Resorts Inc., the US based casino operator, has agreed to merge with Caesars Entertainment Corp through a $17.3 billion cash and stock deal.

The deal, which is expected to be announced soon, values Caesars at close to $13 a share. The combined company’s ownership would be split roughly between Eldorado and Caesars shareholders.

An Eldorado spokesman said the company did not comment on rumours or speculation. Caesars did not immediately respond to requests for comment.

The combination of the two companies would create a serious competitor to larger casino industry players, such as Las Vegas Sands Corp, Wynn Resorts Ltd and MGM Resorts International.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Eldorado Resorts to Buy Caesars Entertainment Corp

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Nagasaki Governor Reaffirms His Support for Sasebo IR Bid

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Nagasaki Governor Hodo Nakamura has reaffirmed his support for the Sasebo IR bid and urged the national government not to delay too much in issuing its IR regulations and establishing the national regulatory framework.

While Sasebo’s bid is not linked to a specific timeline, the local government does wish to move forward quickly, especially now that other competing bids could emerge from the Kyushu region.

In related news, Nagasaki IR Business Connect Seminar is going to be held with the participation of international operators and investment groups.


Source: European Gaming Media
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Nagasaki Governor Reaffirms His Support for Sasebo IR Bid

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