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Legal
March 2, 2023
Star Entertainment Group Provides $101M for Fines and Penalties
As a result, the Australian Securities and Investments Commission (ASIC) has prompted The Star to provide for fines and penalties of AUD 150 million ($101 million) in its financial report for the half-year which ended on December 31, 2022. Star Entertainment Could Be Slapped with Fines of up to $1B As part of its financial […]
Industry
March 1, 2023
Inquiry to Recommend Further Gambling Advertising Restrictions
An inquiry into online gambling harm in Australia led by Labor MP Peta Murphy is likely to recommend further restrictions on gambling advertising and promotions, much to the dislike of broadcasters, sporting codes and betting operators. Need for Further Regulation Murphy, who also chairs the standing committee on social policy and legal affairs, said that […]
Business
March 1, 2023
Konami Licenses Facial Recognition Technology to Independent Gaming
This agreement comes at a pivotal time for Independent Gaming, as the company operates in a market that is increasingly talking about the incorporation of facial recognition technology to protect consumers and help tackle problem gambling and money laundering across Australia. Facial Recognition Arrives at Australian Manufacturers The solution was first introduced at the G2E […]
Industry
February 28, 2023
Australian Regulator Harshly Criticizes New Self-Exclusion Tool
Australian Broadcasting Corporation (ABC) reported that in an attempt to tackle problem gambling, a new national self-exclusion register, called BetStop, has been developed to help problem gamblers block themselves from the lure of sports betting. However, despite its AUD 40 million ($26.9 million) price tag, there is no guarantee that it will be an effective […]
Industry
February 27, 2023
Australian Gambling Support Services Face Online Advert Blockade
The Guardian reported that Australian gambling harm services have complained that their rehabilitation adverts are being wrongly blocked while there has been an increase in wagering advertising, especially following Sportsbet’s partnership with TikTok. Victorian Responsible Gambling Foundation Ads Blocked by Google The Victorian Responsible Gambling Foundation (VRGF) has had its adverts for Gambler’s Help, its […]
Business
February 23, 2023
The Star Reports Loss in H1 FY23, Plans to Raise Equity
Australian entertainment and gambling company The Star Entertainment Group released its H1 FY23 results acknowledging net loss and plans for equity raising. The company’s gross revenue for the period was AU$1.01 billion ($689.1 million), while normalized EBITDA was AU$200 million ($136.4 million) and net profit was AU$44 million ($30 million) for the six months until […]
Legal
February 22, 2023
Betr License at Risk after New Breaches Were Identified
The Australian sports betting operator betr landed in hot water after two new regulation breaches were identified. Both violations were described as “serious,” meaning that betr’s license might be on the line. Betr Is in Trouble for Breaching the Code Despite being a fairly new operator, betr is already under scrutiny for having breached the […]
Legal
February 22, 2023
Spam Rules Breach Lands BetDeluxe with AU$50K Fine in Australia
The fine amounts to roughly $35,000 US dollars and was handed down to the entity for sending more than 104,000 SMS promotional materials without offering the option to unsubscribe, the Australian Communications and Media Authority reported. Promotional Messages Fail to Offer Consumers a Way Out BetDeluxe also failed to include sender information in nearly 820,000 […]
Business
February 21, 2023
Following Stellar Results, Tabcorp Aims for Higher Digital Market Share
This was revealed by Tabcorp in connection with the announcement of the company’s half-year results for the 6 months ending on December 31, 2022. Despite Strong Competition Tabcorp Held Its Digital Market Share The company reported a 1H2023 group statutory net profit after tax (NPAT) of AUD 52 million ($35.8 million), up 11% from the […]
Industry
February 20, 2023
The Star Gives a Sneak Peek into Its Sky Deck at Queen’s Wharf Brisbane
Australian casino giant The Star Entertainment Group has teased fans, industry enthusiasts and competitors with a sneak peek into its Sky Deck at Queen’s Wharf Brisbane property. The company, which believes that the venue will soon become one of the most photographed spots in the city, shared a timelapse video of the development, alongside some […]
