Regulator: NJ Gambling Operators Delay Customer Withdrawals, Ask Reversals
Wednesday April 7, 2021 11:41AM
Regulator: NJ Gambling Operators Delay Customer Withdrawals, Ask Reversals By In Summary:
A new statement by the New Jersey Division of Gaming Enforcement has warned gambling operators in the state not to delay consumer withdrawals artificially
The regulator is responding to a growing number of complaints about operators offering bonus money to consumers to reverse withdrawals
Moving forward, the regulator will make sure that such practices are not the norm, calling them unacceptable
The
New Jersey Division of Gaming Enforcement (NJDGE) has received numerous complaints from patrons in the Garden States that withdrawal times from online gaming accounts have been artificially increased by operators to give operators enough time to change customers’ minds about pending withdrawals.
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Caesars Wins US Antitrust Approval for William Hill Takeover, Eyes March Completion
By Todd Shriber - casino.org
Caesars Entertainment (NASDAQ:CZR) said Monday it cleared the antitrust waiting period for its proposed $3.69 billion acquisition of William Hill (OTC:WIMHY), putting it one step closer to creating a US sports betting behemoth.
Caesars Entertainment (NASDAQ:CZR) said Monday it cleared the antitrust waiting period for its proposed $3.69 billion acquisition of William Hill (OTC:WIMHY), putting it one step closer to creating a US sports betting behemoth.
Under the Hart-Scott-Rodino Antitrust Improvements Act (HSR Act), there are stretches of time when mergers and acquisitions are examined for potential anti-competitive conflicts. But Caesars cleared that regulatory hurdle sooner than expected.
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RENO, Nev. and LAS VEGAS, Dec. 28, 2020 /PRNewswire/ Caesars Entertainment, Inc., (NASDAQ: CZR) ( Caesars, CZR, CEI or the Company ) announces the early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 ( HSR Act ) relating to the proposed combination with William Hill PLC, effective December 28, 2020.
The proposed combination also received approvals from the Mississippi Gaming Commission on November 19, 2020 and the West Virginia Lottery on December 16, 2020. The transaction remains subject to the satisfaction of the remaining conditions, including approval by the Indiana Gaming Commission, Nevada Gaming Control Board, Nevada Gaming Commission, New Jersey Division of Gaming Enforcement and Casino Control Commission, and the Pennsylvania Gaming Control Board. Additionally, the combination requires the English High Court s final approval and administrative and post-closing approvals from
‘I never have seen anything like this before.’ It’s dark days in Atlantic City, some say the worst is yet to come.
Updated Jan 04, 2021;
Posted Dec 28, 2020
A man with a rolling chair watches as visitors pass by on the boardwalk in Atlantic City recently. The city that relies heavily on tourism and day-trippers has been hard hit by the pandemic.Lori M. Nichols
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At the Salvation Army, a block away from the Atlantic City boardwalk, Lewis Saunders recently waited in line for a box of food.
Saunders works at AC Linen, a commercial business that does laundry for the hotels in the city. In good times, he can work as much as 60 hours a week.