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Business
June 30, 2025
Star Entertainment’s DBC Exit in Peril as Partners Seek to Terminate the Arrangement
The Star Entertainment Group has published an update related to its earlier decision to exit its equity interest in Destination Brisbane Consortium (DBC). The company noted that since the conditions of its binding heads of agreement (HoA) were not met, its joint venture partners have submitted a notice to terminate the arrangement. The Star’s Partners […]
Casino
June 30, 2025
Escalante Makes Last $3.2B Bid for Complete VGW Ownership
Australian billionaire Laurence Escalante has taken a bold step to gain full ownership of Virtual Gaming Worlds (VGW), stating that his $3.2 billion offer is his ultimate and best proposal. Through his private investment company Lance East Office, he aims to buy the remaining 30% stake from minority shareholders at $5.05 per share. Federal Court […]
Industry
June 27, 2025
Gambling Harm Costs Victoria, Australia, Over $9B
A recent report from the Alliance for Gambling Reform estimates that gambling-related harm has cost residents of Victoria, Australia, over $9 billion USD (AUD $14 billion) in the 2022–23 financial year. Reports Show How Much Gambling Costs the State of Victoria The report, drawing on population surveys from 2022–23, estimates that gambling harm cost Victorians […]
Business
June 26, 2025
MIXI Proposal Fails as PointsBet Admits Technical Mistake Distorted Vote
PointsBet has come forward to confirm that a technical mistake had skewed the results of its recent shareholder vote for the company’s acquisition by Japanese tech firm MIXI. After re-evaluating the results, it turns out that the deal will not pass after all, to the relief of Betr Entertainment. System Error Excluded Betr’s Vote Betr […]
Industry
June 26, 2025
Cashless Proponents Baffled as Tasmania Backtracks on Carded Play
Tasmania is reluctant to go cashless across its gaming halls unless a nationwide approach is introduced. This decision was harshly scrutinized by critics of the gaming industry who said that it serves the interests of gambling moguls. Tasmania Will Not Pioneer Carded Play Australian states have long considered cashless gaming as a way to minimize […]
Lottery
June 26, 2025
Australian Lotto Still on the Lookout for AU$100M Winner
Two weeks ago, the Australian Lottery raised eyebrows when it suggested the AU$100 million winner might never come forward, just days after the draw. At the time, it seemed premature. Now, that concern is starting to feel a lot more real. Mystery Powerball Winner in Australia Is Still Missing On June 12, someone won AU$100 […]
Business
June 25, 2025
The Star Entertainment’s Shareholders Give the Go-Ahead to Bally’s AUD 300M Lifeline
The Star Entertainment Group just held its General Meeting. Among other important developments, the Australian casino & hospitality giant secured shareholder approval for Bally’s AUD 300 million rescue proposal. Shareholders Greenlight Bally’s Aid In April, The Star revealed that it had entered into a binding term sheet with Bally’s Corporation with respect to a multi-tranche […]
Business
June 25, 2025
PointsBet Shareholders Approve MIXI Deal, Betr Demands Recount
PointsBet seems to be ready to move forward with MIXI Australia’s acquisition proposal, despite Betr Entertainment’s decision to vote against the deal. The latter company, which owns a 19.9% stake in the Australian sportsbook, later alleged that PointsBet excluded its vote and demanded a recount. MIXI and Betr Sought to Acquire PointsBet PointsBet had been […]
Industry
June 24, 2025
Australia Warns Influencers to Stop Promoting Illegal Gambling
The Australian Communications and Media Authority (ACMA) has issued a notice to Australian influencers, warning them against promoting illegal gambling services. The authority added that violators risk facing significant penalties. Illegal Platforms Find Workarounds to Promote Their Products Illegal gambling remains a challenging issue as the digital age provides bad actors with plenty of ways […]
Business
June 24, 2025
The Star Overhauls Team with Multiple Appointments
The Star Entertainment Group Limited, an Australian gaming giant, has unveiled major changes to its leadership team. The new appointments come amid continued regulatory and financial difficulties for the company. The Star Introduced Changes to Its Group Leadership In an ASX filing, The Star announced what it called a “series of executive management and subsidiary […]
