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Industry
May 21, 2025
Unibet Hit With $1M Fine for Self-Exclusion Rules Breaches
Betchoice Corporation, the parent company of the online betting platform Unibet, has been fined $1,014,120 for not shutting down the accounts of 954 customers who had chosen to self-exclude from gambling. Unibet to Pay Over $1M in Fines Following an investigation by the Australian Communications and Media Authority (ACMA), more than 100,000 breaches of the […]
Lottery
May 19, 2025
Grandmother Wins AU$4M Keno Jackpot and Restless Nights Begin
An anonymous woman in New South Wales, Australia, has fetched an AU$4-million Keno jackpot she won by placing a casual wager, out of habit more so than anything else. Yet, this wager would become the basis of much anxiety in the days to come. The woman played and won the Keno Classic 10 Spot jackpot […]
Industry
May 16, 2025
ACMA Penalizes PointsBet for Breaching Spam and Self-Exclusion Laws
The Australian Communications and Media Authority (ACMA) has slammed PointsBet Australia with a fine of over half a million Australian dollars due to violations of the country’s online marketing and gambling self-exclusion laws. PointsBet’s Promotional Emails Violated the Rules Following an investigation into PointsBet’s practices, the ACMA learned that the operator had sent some 800 […]
Casino
May 15, 2025
Bally’s Remains Confident about Future of Star Entertainment
Bally’s Corp’s play for Star Entertainment has been a well-weighted decision, argues the company’s boss, Robeson Reeves, who took the opportunity to comment on the recent investment in the operator, with the company coughing up $129 million in April to prop up the cash-strapped hospitality giant. Bally’s is Optimistic about Star Entertainment’s Fortunes Despite Difficulties […]
Industry
May 14, 2025
Northern Territory Plans to Double Wagering Tax Limit
Australia’s Northern Territory has revealed a major change to its gambling tax rules, announcing it will double the yearly tax cap for licensed bookmakers and betting exchanges. This move, starting July 1, is part of the territory’s wider 2025–26 budget and is expected to bring in an additional AUD13.1 million ($8.5 million) in yearly tax […]
Business
May 12, 2025
PointsBet Considers Betr’s Takeover Proposal, Eyes Due Diligence
Australian sports betting giant PointsBet has published a new update regarding Betr Entertainment’s recent acquisition proposal. Betr Seeks to Acquire PointsBet Last month, Betr Entertainment revealed a revised proposal to acquire PointsBet, confirming that it is looking to complete its buyout of the latter company. This came shortly after the former company acquired a 19.9% […]
Casino
May 12, 2025
Chinese Tycoon Reaches Deal in Multi-Million Dollar Casino Fight
A big legal fight between Hong Kong businessman Linong Ma and SkyCity Adelaide has ended, wrapping up six years of court battles over millions in disputed casino winnings. The case also involved two junket operators, with one found liable by default because they did not show up in court. Chinese High Roller Alleges Casino and […]
Business
May 1, 2025
Star Entertainment Announces Losses in Third Quarter
Earlier this week, the Star Entertainment Group explained it had swung to an operating loss in the third quarter, which ended on March 31. Star Entertainment Announces Concerning Trends The company posted a loss of A$21 million ($13.41 million) in earnings before interest, taxes, depreciation, and amortization (EBITDA), excluding significant items, compared to an EBITDA […]
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. […]
