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Business
September 2, 2025
Analysts Flag Structural Challenges for Tabcorp Despite Earnings Lift
Australian gambling giant Tabcorp is expected to post improved financial results in Q2 2025. However, analysts warn that deeper structural issues continue to loom over the company’s future. Recent regulatory issues and policy changes in key regions could further undermine the operator’s position if it fails to adapt. On-Course Shops Will Be the First to […]
Casino
September 2, 2025
Billionaire Sues Star Sydney Over $57M Gambling Loss
A Chinese-born billionaire property developer has decided to sue The Star Sydney for AUD 57 million ($37.2 million), claiming the casino took advantage of his gambling addiction and language barriers to encourage his massive losses. He Signed Papers He Couldn’t Read Phillip Dong Fang Lee alleges that he was misled into signing documents he did […]
Sports
August 29, 2025
PointsBet Backs MIXI as Takeover Battle Nears Deadline
PointsBet has confirmed that MIXI Australia is close to gaining significant influence over the business once its takeover offer closes at the end of this week. The Australian newcomer on the online sportsbook market expressed a “strong likelihood” that MIXI will obtain “effective, if not actual” control, and that board representation for MIXI was currently […]
Industry
August 28, 2025
Australian PM Warns Against Blanket Advertising Ban
Gambling is popular in Australia, and with it, there have been a lot of calls for restricting the reach of the activity. Yet, Australian Prime Minister Anthony Albanese has said that there are no immediate plans to roll out new restrictions on gambling ads, least of all a blanket ban. Australia Far from Enacting a […]
Casino
August 28, 2025
Crown Melbourne Gets Two More Years to Roll Out Key Gambling Change
The Victorian government has given Crown Melbourne an extra two years to put in place mandatory card play for all its table games, pushing the deadline to December 2027. This decision, announced this week, has sparked new talks about the state’s dedication to gambling reform and efforts to fight money laundering. Government Grants Crown More […]
Industry
August 27, 2025
The Star Fails to Negotiate Covenant Waivers with Lenders
The Star Entertainment Group’s financial troubles continued, as the company found itself unable to secure lender waivers that would have allowed it to breach the terms of its debt agreements without risking penalties. The Terms Are Unacceptable to The Star In an official Australian Securities Exchange (ASX) release, the company responded to a recent publication […]
Business
August 26, 2025
Betr Eyes Entain’s Aussie Arm in Potential Takeover Move
The only ASX-listed “pure play digital operator” with a focus on “success in the Australian wagering market”, Betr Entertainment, is reportedly considering a bid to acquire the Australian arm of Entain. Neither company has confirmed the talks, but the Australian Financial Review has reported that a deal may be in the works. Big Move for […]
Business
August 22, 2025
Betr Rejects MIXI’s Offer for PointsBet Shares
Betr Entertainment, one of PointsBet’s potential buyers, has reiterated its opposition to a rival takeover proposal by MIXI Australia. Betr, which owns a significant stake in PointsBet, previously leveraged its shareholding to block an earlier acquisition arrangement. The Clash Continues Betr, which has long expressed interest in acquiring PointsBet, a sportsbook with a presence in […]
Business
August 20, 2025
Donaco Delists from ASX Due to On Nut Road Merger
Donaco International Limited (DNA) announced the completion of its delisting ahead of its acquisition by On Nut Road Limited. This follows the recent approval of the latter company’s takeover of the former. Donaco Ceases Trading Earlier this month, New South Wales’ Supreme Court greenlit On Nut Road Limited’s acquisition of Donaco International, an Asia Pacific […]
Business
August 20, 2025
SkyCity Requests Trading Halt Ahead of FY 2025 Report & Capital Raise
SkyCity Entertainment Group Limited, a major tourism, leisure and entertainment company in New Zealand and Australia, has requested a trading halt ahead of its next financial report. The company noted that the halt will allow it to wrap up the details of a potential capital raise. SkyCity Wants to Maintain an Orderly Market In its […]
