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Gambling News - 'Oceania'
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 […]
Business
February 22, 2023
NuxGame and V8Poker Ink Landmark Content Agreement for Asia
The news comes after the business-to-solution provider of premium iGaming products announced that it would add NOWPayments to its roster of supported crypto payment methods earlier in the week. The newly inked deal with V8Poker, the popular content provider on the Asian continent, will help NuxGame continue to provide top-grade content to its clients. NuxGame […]
Legal
February 17, 2023
Workers Union Blasts NSW Proposal to Increase Taxes for Pokies
Amid the review of The Star Entertainment’s NSW and Queensland operations, a new proposal calls to increase the tax rate for the company’s NSW location. The new proposal calls to increase the tax rate to nearly 61% for the poker machines within casinos. The change, if approved, is expected to be implemented starting in July […]
Business
February 14, 2023
Senet Hires Regulatory and Wagering Expert Bree Ryan
On Tuesday, the firm revealed it hired the services of wagering specialist Bree Ryan. Joining Senet, Ryan became a part of the firm’s associates team. Before joining Senet, Ryan was a part of Tabcorp. During her tenure with the company, she held the position of deputy general counsel of wagering and media. Moreover, Ryan’s professional […]
Casino
February 14, 2023
Endeavour Group CEO Positive on Cashless Gambling for Poker Machines
The Sydney Morning Herald reported that according to Donohue, the recent regulatory changes regarding cashless gambling in Australia are a natural progression for the industry. Endeavor CEO Sees Cashless Gaming as a Natural Progression The CEO of Endeavour stated that the gambling industry has undergone several regulatory reforms in the past and the changes ahead […]
Business
February 13, 2023
Preliminary Results Predict 1% Revenue Drop for The Star in H1 FY23
The operator released its unaudited results for H1 FY23, revealing strong performance but an overall drop in revenue. The Star explained that for H1 FY23, the domestic revenue of The Star Gold Coast increased by 30% when compared to the corresponding period pre-COVID or H1, FY19. This result marked an achievement for the company as […]
Industry
February 13, 2023
Senet Chooses Norths Collective as First Company to Undergo RG Assessment
The new program seeks to combat gambling-related harm as well as ensure that gambling operators are not impacted by financial crimes such as money laundering. To achieve this, participants in the program undergo an extensive assessment that seeks to ensure their compliance with Senet Assure. Lauded as the first-of-its-kind program, the new initiative comes at […]
Sports
February 10, 2023
Free Aussie Sports Coverage Threatened by Restrictive Gambling Rules
As reported by The Guardian, Free TV Australia, the peak industry body that represents Australia’s commercial free-to-air TV broadcasters, warned that additional restrictions to gambling ads can have consequences. Free TV Australia dismissed such proposals and explained that rights to sports events are very expensive. Moreover, the peak industry body’s chief executive officer, Bridge Fair, […]
Sports
February 7, 2023
Yair Rodríguez vs Josh Emmett UFC 284 Odds, Time, and Prediction
Their fight will serve as the co-main event of UFC 284, which is taking place this coming Saturday at RAC Arena in Perth, Australia. Yair Rodríguez vs Josh Emmett Odds Moneyline Odds Yair Rodríguez -172 Josh Emmett +134 *Odds taken from FanDuel on Tuesday, February 7, 2023. When, Where, and How to Watch? Place: RAC […]
Sports
February 6, 2023
Islam Makhachev vs Alexander Volkanovski UFC 284 Odds, Time, and Prediction
Islam Makhachev vs Alexander Volkanovski – whoever wins this fight will be the UFC Lightweight champion, as well as the highest-ranked fighter in the world. There’s so much at stake, which is why we expect to see a real spectacle. Oddsmakers don’t think Volk will become a double-champ. Instead, they heavily favor Khabib’s protégé to […]