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Casino
December 24, 2024
JPMorgan Sells Stake in Star Entertainment as Problems Grow
JPMorgan Chase & Co. has sold its stake in Australia’s Star Entertainment Group, according to a regulatory filing on December 23, 2024. This move is big news for the investment bank, which used to own 5.09% of the casino operator’s voting shares. JPMorgan made this choice while Star Entertainment faces financial troubles and regulatory hurdles. […]
Industry
December 19, 2024
Aussie Couple Found Dead, Police Suspects Murder Tied to Gambling Debt
Excessive gambling can lead to addiction which in turn may push people into debt. A young man, who law enforcement suspects accumulated a large gambling debt, was recently found dead together with his wife near an airport in Sydney, Australia. Lifeless Bodies Found in a Park Law enforcement is now looking for two or three […]
Business
December 17, 2024
Jefferies Equity Analyst Prepares Investors for Entain AML Fine
At the start of the week, we announced that Ladbrokes and Neds’ operator and global gaming and betting company, Entain Group Pty Ltd, has been hit with civil penalty proceedings in Australia. The action, which followed a series of alleged breaches of anti-money laundering (AML) and counter-terrorism financing (CTF) policies, as described by the Australian […]
Legal
December 16, 2024
Entain Hit With Civil Penalty Proceedings in Australia
The Australian Government agency responsible for deterring, detecting and disrupting financial crimes and organized criminal activities, AUSTRAC (the Australian Transaction Reports and Analysis Centre), announced it initiated civil penalty proceedings against a recognizable betting and gaming operator. The Agency Claims Entain Breached AML, CTF Regulations On Monday, the agency confirmed that Ladbrokes and Neds’ operator […]
Sports
December 11, 2024
New Zealand to Stop Greyhound Racing by 2026 Due to Animal Safety Issues
New Zealand plans to end greyhound racing by August 2026 pointing to ongoing safety problems for the animals. This choice comes after years of pushback and several probes that showed many dogs got hurt or died in races, and some breeders did not treat them well. Deputy PM Peters Calls for End to Greyhound Racing […]
Industry
December 9, 2024
NZ Racing Minister Calls for TAB to Govern Online Betting
Planning changes to its gambling industry, New Zealand hinted at the possibility of introducing legal online gambling. While the country is considering regulating iGaming by 2026, a new proposal calls for changes to the existing framework that would propel the monopoly of the operator TAB NZ. TAB NZ May Grow Its Monopoly Model Currently, TAB […]
Business
December 5, 2024
Aristocrat Gaming CEO Hector Fernandez Exits for Unnamed Competitor
Hector Fernandez, the boss at Aristocrat Gaming, has moved on, with the executive leaving the company with immediate effect, Aristocrat Leisure Limited confirmed in a filing on Thursday. Long-time Aristocrat Gaming veteran steps down from CEO post Fernandez has been a long-standing company veteran, and he first started as CFO at the Americas Gaming business […]
Industry
December 3, 2024
NSW Gambling Overhaul Faces Backlash over Questionable Research
A nationwide overhaul of the gambling sector in Australia is yet to pick up speed, despite calls by responsible gambling advocates and charities, highlighting the harm the activity brings. Losses in hundreds of millions of dollars continue to affect customers across the country, while lawmakers are cautiously exploring options for a potential gambling reform. New […]
Industry
December 2, 2024
Pushes for Gambling Reform Won’t Go Away, Says Tim Costello
Despite promises and calls by responsible gambling groups in Australia, the country is yet to implement effective restrictions on gambling marketing. Meanwhile, losses to casino gambling and sports betting are in the hundreds of millions on a monthly basis and billions annually. Late last month, the government in Australia laid aside gambling ad reforms ahead […]
Industry
November 28, 2024
Victoria Gambling Regulator Issues 88 Disciplinary Actions
It has been a busy year for the gambling regulator in Victoria, Australia, the Victorian Gambling and Casino Control Commission (VGCCC), judging by its latest report. VGCCC Imposes Fines, Disciplinary Actions On Thursday, the Commission released its 2023-24 annual report, pointing to a number of resolved issues, including the enforcement of disciplinary actions against gambling […]
