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Business
April 2, 2025
BlueBet Stays Confident About Buying PointsBet Despite Competing Offer
Australian betting company BlueBet keeps pushing to buy PointsBet even though Japanese firm MIXI wants it too. BlueBet CEO Andrew Menz feels good about their chances, saying talks with PointsBet shareholders have gone well overall. BlueBet Challenges PointsBet’s MIXI Deal, Emphasizes Strength of Its Own Offer The company still wants to make the deal happen […]
Industry
March 31, 2025
AUSTRAC Updates Tip-Off Policies to Enhance Operator Accountability
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has revealed substantial policy changes regarding the criminal offense of “tipping off” as it seeks to enhance industry-wide anti-money laundering and counter-terrorism financing (AML/CTF) practices. The changes, coming into effect on 31 March 2025, are designed to deter criminals from concealing their illegal activities. The Updates Are […]
Industry
March 31, 2025
Victoria: Operators Wary as Lawmakers Consider Mandatory Carded Play
The government of Victoria is considering introducing obligatory carded play for patrons at gaming venues, to the gambling industry’s dismay. The proposed bill would require all patrons to use personal cards that track their spending and gaming, making it easier to prevent gambling harm and gambling-related financial crime. However, industry stakeholders believe that this measure […]
Industry
March 31, 2025
Is Australia’s Lucky Box Encouraging Children to Gamble?
The famous bright-yellow vending machines decorated with popular cartoon characters called Lucky Boxes stand out in no less than 35 locations spread across the east coast of Australia. They dispense neatly stacked boxes containing surprises ranging from PlayStation 5s and Xbox consoles to smaller items like movie tickets and phone chargers. The mystery prizes are […]
Casino
March 31, 2025
Regulator Keeps The Star Sydney’s Casino Licence Suspended until September
The Star Entertainment Group’s Sydney casino cannot operate until at least September 30, 2025, based on what the New South Wales Independent Casino Commission (NICC) has decided. The watchdog said the company still had financial problems, which is why they needed to keep an eye on things even though they saw the company was trying […]
Business
March 25, 2025
The Star Extends Its Refinancing Negotiations with Salter Brothers Capital
The Star Entertainment Group, an Australian casino and hospitality operator, confirmed that it has given investment firm Salter Brothers Capital (SBC) a few extra days to complete its refinancing offer. This comes amid continued financial struggles for the embattled gambling operator. The Deadline Has Been Extended The latest announcement is related to The Star’s ASX […]
Business
March 24, 2025
Billionaire Pub Baron Mathieson Endorses Bally’s Bid for the Star
One of the world’s leading entertainment companies recognized for its “innovation, energy, and dedication to creating thrilling gaming experience,” Bally’s Corporation, has received endorsement from Star Entertainment Group’s largest shareholder in its bid to take control of the struggling Australian casino operator. Billionaire Pub Baron Bruce Mathieson Supports Bally’s Offer According to local reports, Bruce […]
Legal
March 20, 2025
Blake Brinklow Sentenced to 5 Years After Stealing $700K from Sick Parents
Blake Brinklow, a resident of Perth, Australia, has been sentenced to more than five years in prison after the jury found him guilty of stealing $700,000 from his parents to fuel his gambling addiction. Brinklow Sentenced to Five Years In Jail Blake Brinklow was found guilty of stealing hundreds of thousands of dollars from his […]
Casino
March 20, 2025
Victoria Set to Debate Mandatory Carded Play Bill
A series of regulatory missteps that has embroiled Star Entertainment and Crown Resorts into year-long scrutiny, bringing at least one of the companies on the brink of bankruptcy, has now prompted Victoria to once again consider carded play as a viable option to make gambling in all of its forms safer. Victoria Set to Debate […]
Legal
March 19, 2025
Australia Hits Active Super with $10.5 Million Fine for Greenwashing
Australia’s Federal Court has ordered superannuation fund Active Super to pay an AUD 10.5 million ($6.70 million) penalty for misleading investors in its environmental, social, and governance (ESG) commitments. The verdict follows court discoveries that revealed Active Super continued investing in businesses it had publicly claimed to exclude from its portfolio. The Court Admonished Active […]
