Industry
May 18, 2023
ASX Greenlights Light & Wonder’s Secondary Listing
On Wednesday, Light & Wonder announced that it has secured conditional approval from the Australian Securities Exchange for the company’s secondary listing. For reference, the company announced its intentions to follow up its NASDAQ listing with a secondary listing in Australia in March. After announcing that it has secured conditional approval, the gaming manufacturer shared […]
Industry
September 20, 2022
Tabcorp Sells eBet, Obtains Tasmanian Monitoring License
Australian gambling group Tabcorp Holdings Limited announced an agreement to sell its eBet business and revealed details of a new monitoring license in Tasmania. The eBet Sale Agreement Australian Securities Exchange (ASX)-listed Tabcorp and Venue Digital Technology Pty Ltd, a company led by Frank Makryllos, entered into an agreement for the sale of the business […]
Business
March 30, 2022
Tabcorp’s Lottery & Keno Demerger Up to Shareholder Vote
Australian gambling business Tabcorp announced the demerger of its Lotteries & Keno business moved one step closer after the Supreme Court of New South Wales ruled for a shareholder vote on the proposed scheme. Court Green-Lighted Demerger The NSW court ruling requires Tabcorp to convene a shareholder meeting and conduct a shareholder vote on a […]
Business
June 17, 2021
BetMakers Requested ASX Suspend Its Stock Trading until Monday
A halt in trading of BetMakers Technology Group shares implemented by the Australian Securities Exchange (ASX) today is fueling rumors the tech company’s bid to acquire Tabcorp’s media and sports wagering units could be successful. Halt in Stock Trading According to the information provided by the ASX the suspension in trading of BetMakers shares was […]
Business
May 17, 2021
Aristocrat Upgrades First Half FY 2021 Performance
Australian slot machine manufacturer Aristocrat Leisure announced in a filing to the Australian Securities Exchange (ASX) today its six month financial performance ended March 31, 2021 was upgraded. Significant Improvements Year-Over-Year Subject to final external auditor review and approval from the Board of Directors, Aristocrat accounted for the period normalized earnings before interest, tax, depreciation […]
Business
February 19, 2021
The Star’s Half FY2021 Performance Impacted by Restrictions
The Star Entertainment Group announced in a filing to the Australian Stock Exchange (ASX) its report for the half financial year 2021 ended December 31, 2020, posting statutory revenues of AU$741.4 million. Material Impact on the Business The 29.6% slump in revenues was mainly due to the casino property closures and coronavirus-induced restrictions on the […]
Business
December 29, 2020
Shareholder Vote Clears BetMakers’ Way to Acquire Sportech
Horse racing betting technology supplier BetMakers Technology Group announced today in a filing to the Australian Stock Exchange (ASX) the remaining obstacle on the way to completion of the acquisition of Sportech’s racing and digital assets has been cleared, after shareholders of the online sports betting company voted in favor of the transaction. Shareholder Approval […]
Business
April 27, 2020
Aristocrat Updated ASX Investors Regarding Policy Related to Health Crisis
Australian gaming provider company Aristocrat issued an investor update on Monday, outlining the steps it will undertake in response to the ongoing situation across the world related to the spread of the coronavirus infection. Having as a first priority the health and well-being of its team members and their families, 99% of the company’s employees […]