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Business
February 17, 2025
Star Entertainment Receives Debt Financing Proposal from Oaktree Capital
The Star Entertainment Group Limited announced that it has received a debt financing proposal. The Australian operator has experienced significant financial struggles in the wake of regulatory hurdles and has been in a precarious position for a while. Oaktree to Help Star Recover As stated in an ASX filing, Star Entertainment has received a debt […]
Sports
February 13, 2025
Australian Lawmakers Want Betting Apps to Show Real-Time Gambling Losses
Australian politicians are pushing for a new law that would make online gambling more open. They want betting apps and websites to show users how much money they are losing as they gamble. New Bill Aims to Make Gambling Losses Visible to Help At-Risk Players Independent MP Rebekha Sharkie came up with this idea. She […]
Industry
February 11, 2025
Streaming Service Faces Backlash over Offshore Gambling Ads During A-League Match
High-profile streaming company Paramount+ could be in hot water with Australian regulators after it aired advertisements for offshore gambling company 8Xbet during a live A-League soccer match between Wellington Phoenix and Brisbane Roar. The ads aired in Australia and New Zealand, raising concerns regarding other potential breaches of responsible advertising practices. The Breach Was Due […]
Legal
February 11, 2025
Light & Wonder Secures Legal Victory Against Aristocrat in Australia Despite US Loss
Light & Wonder has secured a legal victory against Aristocrat in Australia, leading to a spike in its share price. Despite achieving a significant victory against L&W in America, Aristocrat failed to replicate this success in its home market. Light & Wonder’s Shares Soared as It Won in Court The lawsuit in question concerned the […]
Business
February 10, 2025
Star Entertainment Confirms Getting Queen’s Wharf Bids
At the beginning of February, it was rumored that private equity giant Blackstone was considering taking over Star Entertainment once the Australian group was placed into voluntary administration. Now, the ASX-listed owner and operator of The Star Sydney, The Star Gold Coast, and Treasury Brisbane has confirmed it was pondering several proposals for its stake […]
Lottery
February 10, 2025
Lottery Player in Australia Wins AU$2.6M from Saturday X Lotto
The latest Saturday X Lotto draw made two people in Australia multimillionaires. On draw 4545, there were only two division one entries, scoring a prize of more than two and a half million dollars each. Each Saturday X Lotto Division One Entry Won AU$2.6M One of the winning division one tickets was purchased in Victoria, […]
Legal
February 10, 2025
ASIC’s Trial Against Former Star Entertainment Leaders Commences
Former leaders of Australian casino and hospitality giant Star Entertainment Group appeared in court for a hearing related to past regulatory violations. The company, which is currently facing financial and regulatory headwinds, found itself in hot water when regulators uncovered concerning instances of non-compliance. Star Entertainment Failed to Manage Risk at Its Properties On Monday, […]
Lottery
February 7, 2025
Single Ticket Wins Massive AU$60M Powerball Jackpot
The winner of a massive Powerball jackpot in Australia nearly missed his chance for the prize after almost forgetting to buy a ticket. That’s the case of a Bribie Island man, who scored the mind-blowing AU$60 million ($37.7 million) Powerball prize on Thursday night. The Lottery Player Nearly Missed the Life-Changing Prize The Queensland resident […]
Industry
February 5, 2025
Western Australia Tightens Gaming Laws in Effort to Modernize Regulation
Western Australia has moved to tighten its gaming regulations, introducing harsher penalties for violators. The reform seeks to enforce rules that serve as deterrents, preventing entities from committing breaches. Western Australia Modernizes Regulation The Cook Government announced that it has bolstered enforcement powers and penalties in an attempt to keep gambling operators in check and […]
Business
February 5, 2025
BlueBet Acquires TopSport Via Binding Asset Agreement
ASX-listed global online wagering provider and sportsbook BlueBet has officially announced its acquisition of TopSport through a binding asset sale agreement. This news marks a significant move expected to strengthen BlueBet’s position in the Australian wagering market. At the end of August 2024, BlueBet announced its plan to exit the U.S. market and exclusively focus […]
