The National Labor Relations Board (NLRB) has found Palms Casino Resort, a casino in Las Vegas owned by Station Casinos, to have violated employment laws, which could have serious ramifications for the company. The NLRB ruled that the Palms is illegally refusing to recognize and negotiate with its two unions—acts that constitute unfair labor practices.… Continue reading Station Casinos busted for engaging in unfair labor practices
500.com, one of the only two companies approved by the Chinese government for an online lottery pilot project, booked an operating loss of RMB97.3m in Q1, about RMB20m worse year-on-year, while net losses totaled RMB93.2m, up from an RMB70m loss in Q1 2018. The company had cash and equivalents of RMB386.6m at the end of… Continue reading Can 500.com turn things around?
Aussie operator Sportsbet is looking at AU$5.2m deficit as a result of paying out early and incorrectly on the country’s election results. After the incumbent Liberal/National coalition defied pollsters over the weekend, Sportsbet had to pay out AU$1.3m to bettors who’d backed Labor to win based on the company’s assertion that 70% of its election… Continue reading Misguided payout on election upset leads to A$5.2M deficit for Sportsbet
UK Labour Party Deputy Leader Tom Watson, the man behind the campaign to introduce stricter control of online gambling, thinks the industry is fouled up. According to the Labour Party, scrapping the licenses of all online gambling operators in the country is a necessary step, given that one-third have been failing their clients. No one… Continue reading UK online gambling operators ‘lack integrity,’ might lose licenses?
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