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Industry
June 20, 2024
Victoria to Introduce AUD 50 Loss Limit and Overhaul Pokies Venues’ Tax Breaks
The Australian state of Victoria is set to introduce a daily loss limit on poker machines in an attempt to diminish the negative impact associated with pokies. Additionally, Victoria plans to introduce an overhaul of the controversial tax cuts for gambling properties, The Guardian Australia reported. The changes were outlined in an agreement between the […]
Casino
June 20, 2024
Ed Craven Poaches Tech Talent with Lavish Sign-On Bonuses
Australia’s youngest billionaire and co-founder of crypto gambling platform Stake.com, Ed Craven, will pay sign-on bonuses of up to $100,000 to get the best tech brains in the country working for him at EasyGo Solutions. Co-founded by Craven and Bijan Tehrani and based in Melbourne, the fintech is raiding major Australian tech firms such as […]
Industry
June 18, 2024
NSW Government Commits Additional AU$10M to Minimize Gambling Harm
Although it is identified as a public health issue, gambling is widely spread across Australia. Seeing this problem on a local and national level, lawmakers in the country engaged in an overhaul of the market. Efforts from state to state differ but their primary objective is unified, namely, reducing gambling harm and problem gambling. On […]
Business
June 17, 2024
Tabcorp Selects Former AFL Exec McLachlan for CEO and MD Role
The largest gambling company in Australia that currently has more than 5,000 employees, Tabcorp, announced a new senior-level hire. On Monday, the gambling giant revealed it selected Gillon McLachlan, the former Australian Football League (AFL) executive, for the role of CEO and managing director. An ASX announcement released by Tabcorp reveals that McLachlan will officially […]
Industry
June 14, 2024
NSW Government Considers Increasing the Betting Tax
The government of New South Wales is considering a tax increase of 5%, according to The Sydney Morning Herald. Under this proposal, filed by industry powerhouse Tabcorp, the tax on all bets would be increased from 15% to 20%. This would align NSW’s point of consumption tax (POCT) with that of Queensland. Analysts believe that […]
Industry
June 14, 2024
Australia Cracks Down on Crypto and Credit Cards in Online Gambling
The Australian government recently banned cryptocurrencies and credit cards in online gambling as part of its efforts to reduce risks associated with these activities. The rule, which took effect on June 11, was introduced so that digital betting would comply with land-based regulations banning credit card use for the same purpose. New Regulations and Fines […]
Industry
June 13, 2024
Tabcorp Fined With AU$270,000 for Underage Gambling in 13 Venues
At the end of May, we announced that the Victorian Gambling and Casino Control Commission (VGCCC) filed a series of charges connected to child gambling against Tabcorp. Fast forward to today, Australia’s largest gambling company with a staff of over 5,000 has been slapped with a fine of over AU$370,000 ($246,000) including costs after […]
Industry
June 13, 2024
Man Attempts to Blackmail the Star, Faces Permanent Injunction Order
An unsuccessful job applicant at the Star Entertainment’s Sydney Casino attempted to blackmail the leading operator earlier this year, a newly released report suggests. The blackmail attempt resulted in immediate legal action filed by the gambling operator that sought to protect customer data which the applicant threatened to release to the public. The case involves […]
Industry
June 10, 2024
Sky News Host Questions Decision to Ban Betting Ads But Ignore Pokies
Sky News host Caleb Bond commented on Australia’s planned crackdown on gambling ads in sports. While there is bipartisan support for restrictions on betting advertising, Bond argued that sports betting might not be the “big evil” some believe it to be. The expectations for ad restrictions come in the wake of the Parliamentary Standing Committee’s […]
Industry
June 7, 2024
SkyCity Adelaide to Pay $67 Million Money Laundering Fine
A landmark ruling by the Federal Court of Australia ordered SkyCity Adelaide to pay an AU$67 million ($44.1 million) fine for substantial breaches of anti-money laundering (AML) and counter-terrorism financing (CTF) laws, which occurred at its North Terrace casino. The venue reportedly failed to comply with legislative requirements and lacked crucial customer due diligence safeguards. […]
