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Business
January 13, 2022
Crown Resorts Warming Up to Blackstone Takeover Offer
Crown Resorts could be closer to having a new owner. After Blackstone improved its previous offer to purchase the Australian casino operator, Crown Resorts has agreed to join takeover negotiations with the US-based investment firm. Blackstone is ready to put US$6.46 billion up for the purchase. Crown Close to Changing Hands Blackstone’s latest bid came […]
Industry
December 14, 2021
Tasmanian Commission Reports Massive Gambling Losses in 2020-2021
The gambling industry in Tasmania keeps facing massive challenges as its losses have skyrocketed. The total lost amount this year increased by nearly half compared to last year, when the country was hit badly by COVID-19. Total Losses Were $18 Million Higher than 2018-2019 During the 2019-2019 season, the total recorded losses were $137.4 million. […]
Casino
December 2, 2021
Crown Resorts Opens Books to Blackstone, Expects Improved Bid
Crown Resorts may be in trouble but it is not selling on the cheap – that was the message sent by the Australian land-based casino company to Blackstone Group and all other potential suitors on Thursday. Bid Does Not Reflect Crown’s Value Crown Resorts reacted to the latest offer by Blackstone in which the private […]
Casino
December 1, 2021
Crown Resorts Appoints Ziggy Switkowski to Mitigate Post-Inquiry Harm
Australian gaming and entertainment company Crown Resorts has announced that Dr Zygmunt Edward “Ziggy” Switkowski, member of the Order of Australia (AO), has been approved by the local gambling regulatory body and will assume the position of the Crown Resorts chairman. Switkowski Approved as Crown Resorts Chairman The new chairman is an experienced and recognized individual who has held […]
Sports
December 1, 2021
Australia: Two Basketball Teams Join Reclaim the Game, Fight against Betting Advertising
Reclaim the Game is an initiative launched in 2020 by the Office of Responsible Gambling in Australia. The initiative aims to raise awareness of gambling harms and “counter the normalization of sports betting and advertising.” Sydney Kings, Sydney Uni Flames: First Two Teams to Join Reclaim the Game Initiative Sydney Uni Flames and the Sydney […]
Sports
November 30, 2021
Problem Gambling Less of Priority for Western Australia, as Gambling Revenue Goes Up
Despite the severe social distancing restrictions and on and off shut-downs of land-based gambling in Australia, a record amount of $1.6 billion (AU$2.4 billion) has reached the accounts of the Racing and Wagering authority in Western Australia. The state-owned body has increased the funding allocated to promotional activities and marketing by 22%, reaching $24.2 million in the past […]
Sports
November 30, 2021
South Australia Gov. Issues Response to Prevalence of Sports Gambling
The government of South Australia has teamed up with A-League soccer club Adelaide United to set role models for promoting sports without basing the experience on sports betting. The new initiative will be based on a multi-year alliance that will seek to establish good practices in sports that go beyond betting on athletic contests. The government will commit a […]
Casino
November 29, 2021
Australian Criminals Launder $710M via Country’s Slot Machines
A reported $710 million (AU$1 billion) in ill-gotten money is passed through Australia’s pokies, the term used to describe the physical slot machines found across Australia’s many gambling venues. According to The Sydney Morning Herald, which worked on reporting the case with fellow publications 60 Minutes and The Age, pokies have been used as a […]
Legal
November 29, 2021
Entain Fined in Australia for Offering QR Bonus Offers to Punters
Entain Group is one of the most successful gambling companies on the planet with a massive reach in the US, Australia, and Europe, where it serves an impressive market of millions of people. The company’s third-quarter results surely attest to that. The group holds tens of international gambling brands such as bwin, partypoker, Ladbrokes, and BetMGM. In […]
Industry
November 26, 2021
NZ Casinos Will Struggle in 2022 as New Travel Restrictions Are Revealed
The tourism industry in New Zealand was crushed again as new regulations on travel restrictions for foreigners were set and the borders of the country will be closed for a longer period than expected. This is a massive hit for the casinos in the country as they cannot rely on gamblers coming from other countries […]