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Lottery
May 6, 2022
Australian Gambling Expert Talks Downsides of Lottery Winnings
Australia keeps its name in the gambling news cycle with another lottery win in the Goldfields–Esperance region – maybe that’s where the “gold” in the name comes from. Kalgoorlie – Boulder Winners Galore News about lottery winnings often make big headlines, but they rarely come with a deeper analysis of what the win actually means […]
Legal
May 5, 2022
Former Star Entertainment VP Ran Away with Almost $10M of Stolen Money
The inquiry of Star Entertainment’s controversial dealings with fraudulent Chinese junket operators continues with new reveals. According to the latest information, Simon Kim, Star Entertainment’s senior VP of international market stole $9.7 million (in US dollars) in 2020. Simon Kim Stole Almost $10M The happening dates to two years ago but was never reported to […]
Industry
May 3, 2022
BlueBet’s Q3 FY22 Revealed Strong Growth ahead of US Debut
BlueBet, an Australian-based sports wagering operator, released its third quarter fiscal year (FY) 2022 report, posting strong growth across all key financial performance metrics, yet ending the period with net cash outflow and the rate of new customer acquisition is slowing down. Key Performance Metrics BlueBet provided its Q3 FY22 Quarterly Activities Report for the […]
Industry
May 3, 2022
Tax Increase for Aussie Sports Betting Companies May Bring Dire Consequences
Sports betting operators from the self-governing Northern Territory (NT) in Australia shared their concerns regarding a possible increase in taxes, a new report suggests. A New Report Claims Increase in Taxes May Impact the Sports Betting Industry in Australia On Monday this week, ABC released details obtained under the Freedom of Information law regarding submissions […]
Casino
May 3, 2022
Crown Resorts Wants to Better Understand New EMG Tax Levy
Crown Resorts has accepted its fate that for better or for worse it will have to prove its reputation as a reliable gaming giant in Australia once again. The next two years will be challenging, but it all seems to be going well. However, the company is not exactly sure it understands the motivation behind […]
Casino
May 2, 2022
NSW Inquiry: Former Star CEO Bekier Conceded VIP Failures
A New South Wales (NSW) inquiry into Star Entertainment’s suitability to hold a casino license was told by the company’s former CEO Matt Bekier that he felt let down by senior management. Unmitigated Risk of Money Laundering The royal commission-style inquiry led by Adam Bell SC was prompted by information that Star Entertainment has been […]
Casino
May 2, 2022
Victoria’s Officials Set Aside $39.3 million to Increase Crown Melbourne Surveillance
Victoria’s state government officials have made up their minds regarding the amount they would dedicate to stronger oversight of Crown Melbourne’s operations. The 2022/23 yearly budget will put aside AU$55.6 million (US$39.3 million) for the implementation of a series of Royal Commission recommendations regarding the iconic venue. The Money Will Assist Special Manager Stephen O’Bryan’s […]
Casino
May 2, 2022
Nick Xenophon Wants Total Ban on Gambling Sponsorships for Clubs, Limited Air Time for Ads
In spite of the current ban on gambling ads during live broadcasts of sports events prior to 8:30 PM that has been in place since 2018 in Australia, sportsbooks have continued to make their way to their targeted and fully engaged audiences. The restrictions imposed on sports betting ads during G-rated programs in specific time […]
Sports
May 2, 2022
Victoria Sees Gambling Advertisement Go Up 253% by 2021
Victoria, Australia has seen a dramatic increase in the number of gambling ads over the past year, new data has revealed. A detailed report by Nielsen institute established that gambling advertisement has gone up by 253% over the past years. The survey period begins in 2016 and the report has been completed on behalf of […]
Casino
April 29, 2022
NSW Star Group CEO Grilled During State Inquiry
The Star Entertainment Group is facing even more serious regulatory challenges as the New South Wales inquiry continues to delve into its questionable practices and has discovered fresh evidence that the Group has overlooked an important part of its duties. According to the Australian Financial Review, The Star Entertainment Group helped high roller cash out […]
