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Business
April 15, 2025
Star Entertainment Publishes H1 FY25 Report as Challenges Continue
The Star Entertainment Group has published its financial report for the first half of the fiscal year (H1 FY25), highlighting its continued financial trouble. The company, which recently agreed to give control to Bally’s, hopes to turn the tables soon. The Company’s Revenue Declined In the first half of the year, The Star reported AUD […]
Lottery
April 11, 2025
Weekday Windfall Awards AU$1M to Cheltenham Couple
A Victoria, Australia couple was pleasantly surprised after winning a life-changing AU$1 million prize. The Cheltenham husband and wife scored the single division one winning entry on Wednesday from Weekday Windfall, collecting the entire prize. Lucky Couple Hits Weekday Windfall Jackpot On Thursday, The Lott released details regarding the fortunate south-east Melbourne residents. While their […]
Business
April 10, 2025
Bally’s Chair Weighs in on His Company’s Takeover of The Star Entertainment
The Star Entertainment Group, an Australian casino and hospitality operator, just entered into a binding term sheet with American casino operator Bally’s Corporation. Under the agreement, which is still subject to regulatory approval, Bally’s will take majority control and refinance The Star’s debt, solving its short-term financial problems. In an interview with Inside Asian Gaming, […]
Industry
April 10, 2025
VGCC Reminds Clubs to Follow Holiday Restrictions Ahead of Good Friday, ANZAC Day
The Victorian Gambling and Casino Control Commission (VGCCC) issued a reminder to state pubs and clubs to obey the holiday trading hours. Coming ahead of the Good Friday and ANZAC Day public holidays, the reminder pointed out that violators will risk fines and other penalties. Two Major Holidays Approach As Easter and the ANZAC Day […]
Business
April 8, 2025
The Star Enters Binding Term Sheet with Bally’s, Completes Sydney Asset Sale
The Star Entertainment Group, Australia’s embattled casino operator, announced that it has struck a definitive debt financing deal with Bally’s Corporation. In addition to that, the former company confirmed the completion of its sale of The Star Sydney Event Centre. The Deal with Bally’s Progresses In line with its recent announcement, The Star entered into […]
Casino
April 8, 2025
Study Reveals Alarming Rise in Teen Gambling in Australia
A recent study sheds light on the troubling extent of teen gambling in Australia, pointing out the possible future effects of habits picked up in youth. Aussie Teens Spend $231 Million Annually on Gambling About one in three Aussie kids between 12 and 17 gambles, and this problem gets much worse for those 18 to […]
Business
April 7, 2025
Star Entertainment Accepts Bally’s AU$300M Rescue Deal
Australia’s embattled casino operator, Star Entertainment Group, received a lifeline from Bally’s Corporation early last month. At the time, the latter company proposed AU$250 million ($158 million) to help the former and become a major shareholder. The announcement came after Star failed to disclose its six months results for the period ended December 31, 2024, […]
Industry
April 4, 2025
BetStop Now Has More Than 40,000 Registrations
BetStop, the newly launched self-exclusion program in Australia, has been able to reach a new significant milestone – registering as many as 40,000 people. BetStop’s Registration Grow But Slow Down in Latest Quarter This is a significant achievement, as the program has been introduced as a way to unify the needs of consumers who wished […]
Business
April 2, 2025
Star Entertainment’s Search for Liquidity Continues as Salter Brothers Deal Falls Through
The Star Entertainment Group’s financial woes continue as its negotiations with Salter Brothers Capital fall through. The latter company had expressed interest in financing the Australian operator’s debt but has seemingly withdrawn the deal. The Deal Fell Through Just when things were beginning to look better for Australia’s embattled Star Entertainment Group, the company announced […]
Legal
April 2, 2025
Entain Accused of Neglecting Money Laundering Red Flags in Australia
The parent company of Ladbrokes and Neds, Entain, is facing scrutiny in Australia, where the body responsible for preventing, detecting and responding to criminal abuse of the financial system, the Australian Transaction Reports and Analysis Centre (AUSTRAC), claims the company systemically breached the country’s anti-money laundering (AML) laws and failed to conduct proper checks for […]
