Crown Resorts is expected to cut 1,000 jobs, reportedly at its Sydney and Melbourne sites. Chief executive Ciarán Carruthers attributed the company’s difficulties to reduced foreign tourism, fewer local workers in city centres and restrictions on gaming in both cities.
The expected workforce cuts signal potential operational changes as Crown faces reduced tourism, fewer city-centre workers and gaming restrictions.
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Capula Investment Management disclosed a stake of slightly more than 1% in Cirsa and a short position of 0.5% in Lottomatica to Spain’s CNMV. The positions were valued at approximately €30m and €35m respectively, as the proposed integration awaits a vote by Lottomatica shareholders scheduled for 23 November.
Capula Investment Management has disclosed a stake of just over 1% in Cirsa and a 0.5% short position in Lottomatica to Spain’s CNMV during the companies’ proposed integration. The Cirsa stake is valued at about €30m and the Lottomatica short position at around €35m.
Capula Investment Management has taken positions in CIRSA and Lottomatica ahead of their proposed merger, reportedly seeking to benefit from a difference in their share prices and the exchange value. Its declared CIRSA exposure is about €30 million, while its short position in Lottomatica is valued at about €35 million; the integration is planned for Q2 2027, subject to approvals.
Capula Investment Management has reportedly taken positions in CIRSA and Lottomatica ahead of their proposed merger, seeking to benefit from the transaction.
France’s Autorité de la Concurrence approved Banijay Gaming’s planned acquisition of casino operator Joa without conditions, finding the transaction unlikely to harm competition. The authority focused on poker as the main potential overlap between online and land-based gambling, and said current rules barring online casino games limited its assessment.
Lottomatica Group and CIRSA Enterprises agreed a plan for CIRSA to merge into Lottomatica, with completion expected in the second quarter of 2027 if shareholder, regulatory and other conditions are met. CIRSA shareholders would receive 0.668 newly issued Lottomatica shares per share, and CIRSA plans to pay an extraordinary dividend of €1.56 per share before completion.
Superbet will make founder Sacha Dragic its sole chief executive from 1 January 2026, the company said. Co-CEO Jimmy Maymann will leave the role and rejoin the board, while Albert Simsensohn becomes deputy CEO and Eamonn O’Loughlin takes on the group chief operating officer position.