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Industry
September 16, 2024
Australia’s Annual Losses to Gambling Grow, Hit AU$32bn
Despite concerns about the detrimental impact of gambling activities on people across Australia, significant changes to the sector are still being discussed. Last year, a report into the country’s gambling sector made nearly three dozen recommendations that can help reduce problem gambling and harm, while decreasing the billions of Australian dollars lost to gambling every […]
Casino
September 13, 2024
Star Entertainment Faces Pressure to Address Major Compliance Failures
Star Entertainment Group is under heavy pressure from regulators about its main Sydney casino. The New South Wales Independent Casino Commission (NICC) has given the company 14 days to come up with a plan, reported Bloomberg. This plan needs to show how Star will fix its money and operational problems. This comes after a harsh […]
Industry
September 12, 2024
Australian PM Defends Partial Gambling Ad Ban despite Rising Controversy
Australian Prime Minister Anthony Albanese has defended his government’s partial ban on gambling advertisements, pushing back against calls for a complete ban during question time in Parliament. He responded after the opposition highlighted recent polls indicating most Australians supported a full ban to come into effect as soon as possible. The Government Is Hesitant to […]
Business
September 12, 2024
The Star Entertainment to Receive $100M from Lenders
The Star Entertainment Group is set to receive more backing from its lenders amid the financial trouble it faces. The Australian casino and hospitality giant has been offered AUD 150 million to deal with the issues and stabilize its business. The Star Entertainment Is Struggling Financially The lenders proposed providing AUD 150 million ($100 million) […]
Lottery
September 10, 2024
NSW Lottery Player Buys a Ticket Out of the Blue, Wins AU$2.5M
An incredibly fortunate player from New South Wales, Australia will purchase a brand-new car for his parents after scoring a multi-million-dollar win from Saturday Lotto. The man, whose name was not disclosed, visited the lottery headquarters to claim his prize recently. Saturday Lotto Draw 4499 Produces a Total of Eight Winning Entries The win came […]
Casino
September 10, 2024
The Star Sells Iconic Treasury Building Amid Financial Struggles
The Star Entertainment Group has sold its leasehold interest in Brisbane’s historic Treasury Building to Griffith University. This AUD67.5 million ($45 million) agreement signals a big change for The Star and the university. The casino company aims to raise much-needed money, while Griffith University plans to turn the landmark into a major place of learning. […]
Legal
September 9, 2024
Australian Court Orders Foreign High Roller to Pay Back Gambling Debt
The Supreme Court in Brisbane has ordered high roller Yew Choy Wong to pay back some AUD 38 million to Star Entertainment Queensland. This came in response to the accumulation of significant gambling debt. Wong Accumulated a Debt He Refused to Pay Wong, for context, was invited to the Star Gold Coast casino in 2018. […]
Industry
September 6, 2024
Australians Reluctant to Roll in Cashless Gaming Trial
Australians are said to be losing calamitous amounts on poker machines, and something clearly should be done. No one can quite put their finger on what that something looks like, but a barrage of responsible gambling measures has been launched. Cashless Gambling Trial Fumbled in Australia Some, such as a national self-exclusion program and a […]
Industry
September 6, 2024
Grattan Institute Urges Australian Government to Tackle Record Gambling Losses
A recent study by the Australian think tank Grattan Institute calls on Australia’s government to take strong steps to reduce gambling-related problems pointing out that Australians lose more money per person on gambling than any other country. Pokies and Online Betting Drive Australia’s Highest Gambling Losses The study called A Better Bet: How Australia Should […]
Business
September 5, 2024
Star Entertainment’s Financial Woes Deepen despite Queens Wharf Opening
The troubles for The Star Entertainment, Australia’s leading casino operator, continue after its recent suspension from trading on the ASX, the country’s primary stock exchange. The unexpected move came after the operator missed the deadline to submit a financial report last week. The announcement came just after the company opened its new venue in Queensland, […]
