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Casino
September 2, 2022
ILGA Appoints Independent Supervisor to Monitor the Star Sydney
The saga with The Star Sydney continues with the appointment of an independent monitoring entity, which will supervise the casino’s operations while the New South Wales’ incoming Independent Casino Commission (NICC) takes over the current Independent Liquor & Gaming Authority (ILGA) on September 5. NICC to Receive the Adam Bell SC Report After It Assumes […]
Casino
September 1, 2022
Crown Melbourne to Get New Fine Over Newly-Uncovered Blank Checks Scheme
More shocking revelations have come out regarding dubious transactions at Crown Resorts’ casino Crown Melbourne, which may lead to another fine of AUD 100 million ($68.3 million). Following discoveries regarding the use of blank cheques in exchange for casino chips, on September 1, the Victorian Gambling Casino Control Commission (VGCCC) requested Crown Resorts to provide […]
Legal
August 30, 2022
Star’s Queensland Review Ongoing, Many Questions Unanswered
The last day of public hearings was on Monday, and the painted picture doesn’t bode well for Star’s Queensland operations, either. There’s still time until the court reaches a decision and the complexity of the review doesn’t skip that regulatory bodies haven’t been doing their jobs, so the fate of Star’s license in Queensland is […]
Industry
August 29, 2022
Two-thirds of Australians Want Gambling TV Ads Banned
Ads are the worst, right? Well, apparently, if you’re Australian, you don’t want tobacco, gambling, junk food, and alcohol ads on TV, and the numbers are exactly in that order. The last place is for burning fossil fuel ads, because who needs the planet? 70% of Polled Individuals Support Ban The Australia Institute released the […]
Legal
August 29, 2022
More Australian Casinos Face Investigation over Illegitimate Junket Schemes
The shocking revelations of the dubious business in Australia’s casinos resulting from the joint investigation of The Sydney Morning Herald, The Age and 60 Minutes continue. This time discrepancies around attracting Asian wealthy gamblers have been uncovered at Townsville’s The Ville and The Reef Hotel Casino in Cairns, which may lead to a probe from […]
Casino
August 26, 2022
Crown Sidney CEO to Resign, Blackstone Will Appoint a Replacement Soon
Crown Sidney has confirmed that its CEO, Simon McGrath, will depart the company amid the Blackstone takeover. Australian media outlets report that his resignation will be effective in September and the Australian Financial Review reported that Blackstone will announce his replacement soon. The Next CEO is Likely to Come from Macau Australian Financial Review also […]
Casino
August 25, 2022
Star Entertainment Covered Up Chinese Transactions Worth $55M
The Star Entertainment’s troubles still persist as the public hearing into the group’s casino operations continues. It has been revealed that the group hid away $55 million wagered by Chinese residents through banned transactions from a Chinese bank. Star Entertainment Changed Payment Policy in 2016 to Allow Banned Chinese Transactions The Canberra Times reported that […]
Business
August 24, 2022
Tabcorp Releases FY2022 Report, Continuing Revenue Is Down 4.3%
Tabcorp has released its FY2022 report which states that the company’s continuing revenue reached AU$2.37 billion ($1.64 billion), which is a 4.3% decline compared to FY2021. According to the report, the results were heavily impacted by COVID-19, which caused the retail properties of the company in New South Wales and Victoria to close in the […]
Industry
August 24, 2022
Gambling Companies Won’t Get Relief in Queensland Tax Hike
Queensland is unlikely to show leniency in the way it taxes resources and gambling companies in the state. BHP chief executive, Mike Henry, cautioned that the mining giant may need to temporarily pause its plans to launch the Blackwater South coalmine as a newly proposed tax regime may undermine its feasibility. This, though, has not […]
Legal
August 23, 2022
ABC Investigations Questions Queen’s Wharf Brisbane Probity Checks
The Queensland probe into Star Entertainment’s casino operations in the state started earlier today and it’s looking into, among other things, the state government’s backing of the Queen’s Wharf Brisbane project by Star, which carries a price tag of AU$3.6 billion ($2.50 billion) and was approved despite the group’s suspected links to various criminal organizations […]
