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Legal
May 12, 2021
Credit Card Gambling Is Again up for Debate in Australia
Credit cards are once again an incendiary topic for sports gambling bodies in Australia, lawmakers and anti-gambling bodies. Credit Cards Once in the Crosshairs of Lawmakers A bill sponsored by Senator Stirling Griff in Australia is facing pushback from the gambling industry as the legislation seeks to minimize the use of credit cards for the […]
Business
May 10, 2021
Crown Resorts Has a New Suitor as The Star Entertainment Offers a Deal
It took a while, but The Star Entertainment Group has finally decided to step forward and offer a deal to purchase the beleaguered Crown Resorts. The casino and hospitality company has submitted a formal proposal to buy out Crown for $7 billion (AUD$9 billion) in an all-stock deal to compete against existing bids by the […]
Sports
May 7, 2021
Fixed Table Tennis Matches Bring Former Player AU$438K
A 41-year old Australian native and former table tennis player allegedly won AU$438,000 over 7 months last year by placing more than 1000 bets on fixed table tennis tournament matches before being arrested in December. Betting on Rigged Table Tennis Matches Adam Michael Green, who placed the bets with Australian online bookmakers from his home […]
Business
May 7, 2021
Tabcorp Receives $4bn Offer by Apollo for Wagering Business
As Tabcorp continues with a review of its media and wagering business, Apollo Global Management has entered the bidding process, tabling a $4 billion offer. Apollo Joins the Race for Tabcorp’s Media and Wagering Assets Tabcorp’s (TAB) wagering and media business continues to be as tempting a prospect as ever, as Entain has already submitted […]
Business
May 3, 2021
Australia: Slot Gambling Losses in Victoria Skyrocket
After the COVID-19-related lockdown in Victoria, Australia ended, the slot machine gambling losses have kept increasing. Since October, when the venues were allowed to resume operation, millions were lost to gambling. Furthermore, Melbourne’s western suburb, Brimbank, recorded the highest daily losses from slot machines in February – $482,168. Gambling Losses in Victoria Go Through the […]
Casino
May 3, 2021
WA Regulatory Restriction Clouds Hang above Crown Perth
A public call for changes to casino operations in Western Australia (WA) is seeking to prevent compulsive gamblers from losing track of time and other aspects of real-life such as home, family, and employment responsibilities. WA Should Do More, Relationships Australia Argues The call spearheaded by Relationships Australia, a leading provider of relationship support services […]
Business
April 30, 2021
PointsBet Posted 246% Increase in Q3 FY2021 Revenue
Australian sportsbook operator PointsBet submitted in a filing to the Australian Securities Exchange (ASX) its financial year 2021 third quarter trading update as well as quarterly cash flow report. Overall Performance PointsBet revealed an impressive quarterly financial performance for the three-month period ended March 31, 2021 posting a turnover of AU$905.2 million, a 236% jump […]
Casino
April 30, 2021
Crown Perth Casino Set to Re-Open after 3-Day WA Lockdown
Casino and hospitality operator Crown Resorts announced in a filing to the Australian Securities Exchange (ASX) today its Crown Perth casino property will re-open starting from Saturday, May 1, 2021, in line with easing the restrictions in the Perth metropolitan area and Peel region by the Western Australian Government. Casino Games Resume Following the 3-day […]
Industry
April 30, 2021
Tasmanian Prime Minister Talks Pokies ahead of Election Day
Gambling reform in Tasmania has been brewing since 2018 and finally, the quasi-monopoly of Federal Group can be broken up, to the benefit of the state, club, and pub owners. Poker Machines Are the Agenda in Tomorrow’s Elections Poker machines have been a contentious talking point in any politician’s agenda and Tasmanian premier Peter Gutwein is no […]
Legal
April 28, 2021
Crown Resorts to Pay Massive Fine as Victorian Gaming Investigation Continues
Crown Resorts has left a trail of bad decisions over the years, all leading to the questionability of its right to continue operating casinos in Australia. As investigations into its history continue, additional missteps are being uncovered and the company continues to pay the price for decades of institutional mismanagement. The latest comes via the […]