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Sports
March 29, 2021
Media Outlet “The Athletic” Setting Operations in Australia
Australia may soon welcome a new qualified sports media outlet, with The Athletic already having set-up operations in the country in mid-January 2021. The Athletic May Look to Expand in Australia The Athletic is potentially looking to scale operations in Australia, bringing quality sports journalism to one of the most vibrant betting and sports markets out […]
Business
March 29, 2021
Tabcorp Turns Down Entain $3bn Bid, Says It’s “Little Light”
After a month to consider, Tabcorp has turned down a $3bn bid by Entain for the company’s wagering and media division, arguing that the bidder has underestimated the company’s actual value. Tabcorp Says No to $3bn Entain Bid Tabcorp has formally rejected a $3 billion bid by Entain this morning and has launched a broad strategic review […]
Casino
March 29, 2021
Blackstone’s Crown Resorts Bid to Face Regulatory Scrutiny
NSW’s gambling regulator boss, Philip Crawford, has said that Blackstone will face extensive regulatory scrutiny in its bid for Crown Resorts. Blackstone to Face Regulatory Scrutiny Blackstone’s $8 billion takeover bid for Crown Resorts should be coming to a successful close as the investor seems hell-bent on making this one work. Yet, challenges abound. The newest one comes from […]
Legal
March 26, 2021
Sportsbet Fined AU$22,000 for NSW Gambling Inducement Ad
A local court in Sydney convicted and fined the country’s largest online sports betting operator Sportsbet for breaching the prohibition on offering inducements to gamble after a full-page ad from the company appeared in the Daily Telegraph in June last year. Inducements to Gamble Prohibition Breach Flutter-owned Sportsbet was ordered last Monday by Magistrate Megan […]
Casino
March 22, 2021
Crown Receives AU$6.2B Buyout Offer from Blackstone Group
Troubled Australian casino operator Crown Resorts received a buyout offer from Blackstone Group Inc, the company revealed Monday declining to comment further on the unofficial bid. Price Discovery Crown’s second-largest shareholder Blackstone offered AU$11.85 per share bringing the total valuation to AU6.2 billion, but when the news hit the wires Crown’s shares jumped more than […]
Insider
March 18, 2021
AGR Rev Tim Costello on the Role of Cashless Cards in Tackling Gambling Addiction and Money Laundering
New South Wales and Australia have the opportunity to kill two birds with one stone. A proposed gaming card could help minimize the impact of harmful gambling as well as bite deeply in illicit receipts that have been generated at poker machines all across the country. The card would ask players to register and charge […]
Industry
March 11, 2021
Australian Banks Agree Gambling on Credit Should Be Banned
A ban on credit card gambling in Australia might be imminent, now that MP Andrew Wallace has secured the support of the big four in Australian banking. MP Wallace Secured Support of the Big Four in Australian Banking Queensland MP Andrew Wallace announced he had secured the support of the largest banks in Australia for his plan […]
Industry
March 10, 2021
Australia’s Gaming Cards Shouldn’t Be an Issue Says AGR
Pre-paid gaming cards shouldn’t be an issue, argue gambling industry reformist who claims the New South Wales industry is “crying poor.” NSW Gambling Industry Cites New Potential Losses due to Gaming Cards The gambling industry in Australia is crying foul of a new proposed pre-paid gaming card to be voted and most likely accepted on the territory […]
Industry
March 9, 2021
ACMA Flags Shortcoming in Preventing People from Gambling on Credit
Australia’s media authority has cautioned that online and telephone gambling establishments continue to successfully extend credit to vulnerable individuals. ACMA Strikes Out Against Gambling on Credit The Australian Communications and Media Authority (ACMA) has flagged certain shortcomings in enforcing restrictions on credit gambling in the country. According to the watchdog, Australians are still able to access telephone lines and […]
Industry
March 1, 2021
Victoria Drives $239m in Pokie Losses Driven by Money-Laundering
An increase in pokie losses generated in January suggests not just a pent-up demand for gambling but rather organized crime groups laundering tainted money, experts warn. Pokie Losses in Victoria Surge by $15m in January Pokies took a hit for a while in 2020, but as of January, they are back at pre-pandemic levels, with Victoria’s […]