By Erik Gibbs

Business

Crown Resorts Has a New Suitor as The Star Entertainment Offers a Deal

May 10, 2021

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 […]

By Julie Moraine

Sports

Fixed Table Tennis Matches Bring Former Player AU$438K

May 7, 2021

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 […]

By Mike Johnson

Business

Tabcorp Receives $4bn Offer by Apollo for Wagering Business

May 7, 2021

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 […]

By Jerome García

Business

Australia: Slot Gambling Losses in Victoria Skyrocket

May 3, 2021

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 […]

By Julie Moraine

Industry

SENET and ICGR Collaboration Delivers ‘Regulating the Game’

May 3, 2021

Australian advisory on gambling law, regulation, and compliance SENET announced today a new initiative in the space of training for organizations in the gambling sector set to take place this summer. Exceptional Training Program The 5-day ‘Regulating the Game’ educational program in collaboration with the International Center for Gaming Regulation (ICGR) at the University of […]

By Julie Moraine

Casino

WA Regulatory Restriction Clouds Hang above Crown Perth

May 3, 2021

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 […]

By Julie Moraine

Trading

PointsBet Posted 246% Increase in Q3 FY2021 Revenue

April 30, 2021

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 […]

By Julie Moraine

Casino

Crown Perth Casino Set to Re-Open after 3-Day WA Lockdown

April 30, 2021

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 […]

By Mike Johnson

Industry

Tasmanian Prime Minister Talks Pokies ahead of Election Day

April 30, 2021

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 […]

By Erik Gibbs

Legal

Crown Resorts to Pay Massive Fine as Victorian Gaming Investigation Continues

April 28, 2021

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 […]