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Industry
April 29, 2025
AUSTRAC to Axe Inactive Digital Currency Exchange Firms
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has asked inactive digital currency exchange (DCE) firms to withdraw their registrations or risk having them canceled. This “Use it or Lose it” campaign would also affect crypto ATM providers, according to the AUSTRAC’s official announcement. AUSTRAC Identified Many Inactive DCEs For context, all DCEs must be […]
Business
April 29, 2025
Betr Puts Forward Proposal to Acquire PointsBet
Sports betting company Betr Entertainment has unveiled a revised takeover proposal for competitor PointsBet. The former company, which just became PointsBet’s largest shareholder, is now seeking to complete its buyout. Betr Challenges MIXI’s Proposal Earlier this week, Betr acquired a 19.9% stake in PointsBet, immediately positioning itself as one of the latter company’s biggest shareholders. […]
Business
April 17, 2025
Aristocrat Reportedly Eyeing Interblock Acquisition
Australian B2B powerhouse Aristocrat is reportedly looking to acquire electronic table game expert Interblock. According to The Australian, this deal, which some have predicted previously, is currently in the works. Aristocrat Reportedly Negotiating Deal to Acquire Interblock According to The Australian’s report, Aristocrat has onboarded Macquarie Capital to facilitate the deal. The news outlet further […]
Industry
April 16, 2025
Australian Politicians Took $147K of Match Tickets in Sports Betting Ban Lobbying
A recent Reuters report shows that several Australian politicians received about A$245,000 ($147,000) in match tickets over nearly two years from the country’s most popular sporting leagues. Politicians Receive Match Tickets In 2023, Labor Prime Minister Anthony Albanese, who is one of the alleged recipients of said match tickets, had promised a crackdown on gambling advertising. […]
Business
April 15, 2025
Star Entertainment Publishes H1 FY25 Report as Challenges Continue
The Star Entertainment Group has published its financial report for the first half of the fiscal year (H1 FY25), highlighting its continued financial trouble. The company, which recently agreed to give control to Bally’s, hopes to turn the tables soon. The Company’s Revenue Declined In the first half of the year, The Star reported AUD […]
Lottery
April 11, 2025
Weekday Windfall Awards AU$1M to Cheltenham Couple
A Victoria, Australia couple was pleasantly surprised after winning a life-changing AU$1 million prize. The Cheltenham husband and wife scored the single division one winning entry on Wednesday from Weekday Windfall, collecting the entire prize. Lucky Couple Hits Weekday Windfall Jackpot On Thursday, The Lott released details regarding the fortunate south-east Melbourne residents. While their […]
Business
April 10, 2025
Bally’s Chair Weighs in on His Company’s Takeover of The Star Entertainment
The Star Entertainment Group, an Australian casino and hospitality operator, just entered into a binding term sheet with American casino operator Bally’s Corporation. Under the agreement, which is still subject to regulatory approval, Bally’s will take majority control and refinance The Star’s debt, solving its short-term financial problems. In an interview with Inside Asian Gaming, […]
Industry
April 10, 2025
VGCC Reminds Clubs to Follow Holiday Restrictions Ahead of Good Friday, ANZAC Day
The Victorian Gambling and Casino Control Commission (VGCCC) issued a reminder to state pubs and clubs to obey the holiday trading hours. Coming ahead of the Good Friday and ANZAC Day public holidays, the reminder pointed out that violators will risk fines and other penalties. Two Major Holidays Approach As Easter and the ANZAC Day […]
Business
April 8, 2025
The Star Enters Binding Term Sheet with Bally’s, Completes Sydney Asset Sale
The Star Entertainment Group, Australia’s embattled casino operator, announced that it has struck a definitive debt financing deal with Bally’s Corporation. In addition to that, the former company confirmed the completion of its sale of The Star Sydney Event Centre. The Deal with Bally’s Progresses In line with its recent announcement, The Star entered into […]
Casino
April 8, 2025
Study Reveals Alarming Rise in Teen Gambling in Australia
A recent study sheds light on the troubling extent of teen gambling in Australia, pointing out the possible future effects of habits picked up in youth. Aussie Teens Spend $231 Million Annually on Gambling About one in three Aussie kids between 12 and 17 gambles, and this problem gets much worse for those 18 to […]
