Cross Ownership Versus Merger Under Product Differentiation Summary This paper compares passive cross ownership (CO) — where firms hold non‑controlling shares in rivals — with full mergers in an oligopolistic industry with horizontally differentiated products. The main finding: under Cournot (quantity) competition, insiders (the firms that cooperate) can be better off under symmetric CO than […]
Russia’s APT28 Targets Microsoft Outlook With ‘NotDoor’ Malware Summary Security researchers at Lab52 (S2 Grupo) have uncovered a new Outlook-focused backdoor called “NotDoor” attributed to APT28 (Fancy Bear). NotDoor is a VBA macro for Microsoft Outlook that watches for a specific trigger string in incoming emails; when triggered it can execute commands, upload files, and […]
Crane NXT to improve counterfeit detection abilities via planned full acquisition of Italian inspection and detection firm Antares Vision Summary Crane NXT has signed definitive agreements to acquire a 30% stake in Antares Vision S.p.A. at €5.00 per share (approximately €120 million), and will launch a mandatory tender offer in Italy at the same price […]
Entain Australia and New Zealand CEO Andrew Vouris announced as Featured Speaker at Regulating the Game 2026 Summary Regulating the Game has named Andrew Vouris, the newly appointed CEO of Entain Australia and New Zealand, as a Featured Speaker for its 9-11 March 2026 conference at the Sofitel Sydney Wentworth. Vouris, who took the Entain […]
Macau’s concessionaires could soon turn to virtual performers to keep pace with rising competition in global entertainment scene Summary At the IAG EXPO in Manila David Baxley (Sands China / Marina Bay Sands) argued Macau’s casinos and arenas are likely to increasingly rely on virtual performers and AI-driven pop acts to fill multiple weekly shows […]
IAG EXPO: Interview with Light & Wonder’s Jamie Dorbian Summary Light & Wonder’s Managing Director, International, Jamie Dorbian, outlines what the company brought to IAG EXPO and explains why Asia remains a core focus for its international strategy. The short interview highlights product displays (including slot cabinets and content), regional operator engagement and the firm’s […]
Vietnam’s Corona Resort & Casino falls to US$21 million loss in 1H25, wider than previously Summary Corona Resort & Casino in Phu Quoc reported a VND564 billion (US$21.4 million) loss for the six months to 30 June 2025, wider than the VND332 billion (US$12.6 million) loss recorded in 1H24. Cumulative losses since opening in 2019 […]
A Coney Island casino? Brooklyn crowd gets rowdy for both sides in first public hearing Summary The first of two mandated public hearings on The Coney’s bid for a New York casino licence was held at the Coney Island YMCA and turned into a raucous, four-hour session with almost 100 speakers. The hearing, run by […]
Tabcorp a ‘fitter’ business focused on unlocking omnichannel value, CEO says Summary Tabcorp returned to net profit in FY25 after a turnaround driven by an evolved strategy and tighter cost and capital discipline under new CEO Gillon McLachlan. Revenue rose 11.8% to AU$2.61bn, supported by double-digit growth in wagering and media. EBITDA before significant items […]
Dutch gambling minister resigns over blocked Israel sanctions Summary Teun Struycken, the Netherlands’ state secretary responsible for legal protection (including gambling), has resigned after a wave of government exits triggered by the blocking of proposed sanctions against Israel. The chain of resignations began when Foreign Minister Caspar Veldkamp quit, saying his proposals for further measures […]
