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Business
January 22, 2025
Star Entertainment’s Debt-Raising Capacity “Limited” as Q2 Report Shows Lower Profits
The Star Entertainment Group, an Australian casino & hospitality company, has published its financial report for the second quarter of the fiscal year. As the operator’s struggles continue, it reported “limited” opportunities to raise funding in the absence of liquidity solutions. Profits Went Down, EBITDA Loss Narrowed In the three months ended December 31, Star […]
Sports
January 21, 2025
Sportsbet Faces Class Action Lawsuit Over Alleged Illegal Betting Practices
Sportsbet, a top betting company in Australia under Flutter Entertainment’s ownership, is now facing a class action lawsuit. Maurice Blackburn Sues Sportsbet, Alleging Misleading In-Play Betting Service The legal challenge claims the company engaged in unlawful in-play betting practices. Maurice Blackburn, a law firm, filed the suit in the Supreme Court of Victoria. It aims […]
Industry
January 20, 2025
Sports Betting Grows in Popularity Among Australian Women
Statistics have shown that gambling tends to be a pastime favored by men. While some verticals, such as bingo and lottery, have found a growing appeal among women, gaming and sports betting in particular have largely remained male hobbies. New trends, however, suggest that this is now changing as more and more women seem to […]
Sports
January 17, 2025
Australian Tennis Pro Tomic Was Probed for Match-Fixing
Bernard Tomic, an Australian tennis professional, has been the subject of a match-fixing investigation, new reports revealed. The athlete’s behavior came under the microscope in 2022, shortly after authorities identified suspicious betting patterns. Tomic Was Investigated over Suspicious Bets The investigation in question was related to two of Tomic’s matches. The first of them took […]
Industry
January 16, 2025
VicBet Breaches Customer Care Regulations, Receives AU$130,000 Fine
Australian online bookmaker VicBet has received a $130,000 fine from the VGCCC due to the former breaching customer care rules on two occasions. VicBet Fined AU$130,000 Earlier this week, the Victorian Gambling and Casino Control Commission (VGCCC) announced that it had fined VicBet AU$130,000, which equates to around $83,000. The reason for the fine is […]
Business
January 13, 2025
Star Entertainment Risks Going Bust, Putting Thousands of Jobs on the Line
Star Entertainment Group, a big name in Australia’s casino and hotel business, stands on the brink of going broke. With just $79 million in the bank and growing problems, including fewer customers and over $100 million in fines from regulators, the company might run out of money in a month and a half. Brisbane’s $3.6B […]
Casino
January 11, 2025
Crown Resorts Sells Prestigious London Casino to Wynn Resorts
Wynn Resorts expands into the European market by purchasing Crown London Casino for an undisclosed amount of money. Wynn Resorts and Crown Resorts Announce Deal In a statement issued on January 10, Wynn Resorts announced the purchase of Crown London casino. According to the release, the deal for the small, members-only casino in the heart […]
Business
January 9, 2025
Star Entertainment Shares Drop as Company Reports Decline in Cash
The Star Entertainment Group, an Australian casino and hospitality company, remains in peril amid regulatory and financial challenges. The company, which was extensively scrutinized over regulatory violations, negligence and overall lack of oversight, continues to see its share price plummet. The Company Reported a Drastic Drop in Available Cash Yesterday, the group, which is trading […]
Business
January 8, 2025
Tipico to Acquire Admiral Austria, Bolstering European Presence
Gaming technology group NOVOMATIC AG has agreed to sell its Austrian subsidiary, ADMIRAL Austria, to the Malta-based Tipico Group. This mutually beneficial agreement should help Novomatic expand its global presence while strengthening Tipico’s market share in its core jurisdictions. Both companies were optimistic regarding the sale as they remain confident in their continued growth. The […]
Industry
December 27, 2024
University of Sydney’s Gambling Company Investments Raise Eyebrows
The University of Sydney faces questions about its stakes in big-name gambling businesses, including Aristocrat, which leads the world in making poker machines, and Entain, a major player in global sports betting. Documents Show University of Sydney Invested in a Few Major Gambling Firms Papers obtained through freedom of information laws show the university-owned shares […]
