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Legal
February 11, 2025
Light & Wonder Secures Legal Victory Against Aristocrat in Australia Despite US Loss
Light & Wonder has secured a legal victory against Aristocrat in Australia, leading to a spike in its share price. Despite achieving a significant victory against L&W in America, Aristocrat failed to replicate this success in its home market. Light & Wonder’s Shares Soared as It Won in Court The lawsuit in question concerned the […]
Business
February 10, 2025
Star Entertainment Confirms Getting Queen’s Wharf Bids
At the beginning of February, it was rumored that private equity giant Blackstone was considering taking over Star Entertainment once the Australian group was placed into voluntary administration. Now, the ASX-listed owner and operator of The Star Sydney, The Star Gold Coast, and Treasury Brisbane has confirmed it was pondering several proposals for its stake […]
Lottery
February 10, 2025
Lottery Player in Australia Wins AU$2.6M from Saturday X Lotto
The latest Saturday X Lotto draw made two people in Australia multimillionaires. On draw 4545, there were only two division one entries, scoring a prize of more than two and a half million dollars each. Each Saturday X Lotto Division One Entry Won AU$2.6M One of the winning division one tickets was purchased in Victoria, […]
Legal
February 10, 2025
ASIC’s Trial Against Former Star Entertainment Leaders Commences
Former leaders of Australian casino and hospitality giant Star Entertainment Group appeared in court for a hearing related to past regulatory violations. The company, which is currently facing financial and regulatory headwinds, found itself in hot water when regulators uncovered concerning instances of non-compliance. Star Entertainment Failed to Manage Risk at Its Properties On Monday, […]
Lottery
February 7, 2025
Single Ticket Wins Massive AU$60M Powerball Jackpot
The winner of a massive Powerball jackpot in Australia nearly missed his chance for the prize after almost forgetting to buy a ticket. That’s the case of a Bribie Island man, who scored the mind-blowing AU$60 million ($37.7 million) Powerball prize on Thursday night. The Lottery Player Nearly Missed the Life-Changing Prize The Queensland resident […]
Industry
February 5, 2025
Western Australia Tightens Gaming Laws in Effort to Modernize Regulation
Western Australia has moved to tighten its gaming regulations, introducing harsher penalties for violators. The reform seeks to enforce rules that serve as deterrents, preventing entities from committing breaches. Western Australia Modernizes Regulation The Cook Government announced that it has bolstered enforcement powers and penalties in an attempt to keep gambling operators in check and […]
Business
February 5, 2025
BlueBet Acquires TopSport Via Binding Asset Agreement
ASX-listed global online wagering provider and sportsbook BlueBet has officially announced its acquisition of TopSport through a binding asset sale agreement. This news marks a significant move expected to strengthen BlueBet’s position in the Australian wagering market. At the end of August 2024, BlueBet announced its plan to exit the U.S. market and exclusively focus […]
Lottery
February 5, 2025
Aussie Woman Wins $100M Oz Lotto Jackpot, Says She’s Done Working
A New South Wales, Australia resident, was about to fall asleep when she saw she had several missed calls. Her phone rang once again and when she picked it up, she was shocked to realize that she had just won Tuesday night’s Oz Lotto draw for a mind-blowing prize of AU$100 million ($62.8 million). Single […]
Business
February 5, 2025
Blackstone Could Wait for Star to Be Placed Under Administration
Blackstone, a major alternative asset manager with over $1 trillion in assets under management, is reportedly eyeing ASX-listed group that owns and operates The Star Sydney, The Star Gold Coast, and Treasury Brisbane, Star Entertainment. Different Approach Instead of making a regular move, the NYSE-listed company that serves institutional and individual investors and has deep […]
Industry
February 4, 2025
Australia: Gambling and Alcohol Firms Donated $1.5M to Politics
A new report by the Australian Electoral Commission (AEC) revealed that alcohol and gambling companies have spent some AUD 2.5 million on political donations during the 2023-2024 fiscal year alone. This was critiqued by the Foundation for Alcohol Research and Education (FARE) and the Alliance for Gambling Reform (AGR), who said that these efforts jeopardize […]
