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Industry
January 30, 2025
Drake Breaks Curse, Wins AU$700K at Crown Melbourne
Besides being a world-famous rapper, singer and actor, Drake is also a well-known high-stakes gambler. While some may be wondering if Drake is gambling too much, others are fascinated by his bold wagers, often betting hundreds of thousands of dollars at a time. Now, Drake once again reaffirmed his affinity to gambling. This time, the […]
Business
January 29, 2025
Star Entertainment Divests Non-Core Assets as Search for Liquidity Continues
The Star Entertainment Group announced that it selling non-core assets as the group desperately seeks to secure its financial position. Star Sydney to Divest Its Event Center In a release submitted to the ASX, the Australian casino and hospitality company confirmed that its New South Wales-facing branch, The Star Entertainment Sydney Properties, has secured agreements […]
Industry
January 28, 2025
NSW Bans Gambling Ads from Public Transport and Stations
New South Wales has moved to ban gambling ads on public transport as the Australian state seeks to tackle gambling harm. The country has been struggling with significant addiction rates, prompting calls for reforms and stricter regulation. The Government Wants to Make Gambling Ads Less Prominent Liquor and Gaming NSW confirmed that the Minns Goverment […]
Industry
January 23, 2025
Anti-Gambling Ads Could Help Reduce Addiction Rates
Swansea University, collaborating with the University of Bristol and CQ University, Australia, conducted in-depth research on a potential way to reduce the impact of gambling advertisements, mimicking measures introduced to address similar public health hazards. The study focused on younger gamblers and found that watching an intervention video highlighting the dangers of gambling harm reduced […]
Business
January 22, 2025
Star Entertainment’s Debt-Raising Capacity “Limited” as Q2 Report Shows Lower Profits
The Star Entertainment Group, an Australian casino & hospitality company, has published its financial report for the second quarter of the fiscal year. As the operator’s struggles continue, it reported “limited” opportunities to raise funding in the absence of liquidity solutions. Profits Went Down, EBITDA Loss Narrowed In the three months ended December 31, Star […]
Sports
January 21, 2025
Sportsbet Faces Class Action Lawsuit Over Alleged Illegal Betting Practices
Sportsbet, a top betting company in Australia under Flutter Entertainment’s ownership, is now facing a class action lawsuit. Maurice Blackburn Sues Sportsbet, Alleging Misleading In-Play Betting Service The legal challenge claims the company engaged in unlawful in-play betting practices. Maurice Blackburn, a law firm, filed the suit in the Supreme Court of Victoria. It aims […]
Industry
January 20, 2025
Sports Betting Grows in Popularity Among Australian Women
Statistics have shown that gambling tends to be a pastime favored by men. While some verticals, such as bingo and lottery, have found a growing appeal among women, gaming and sports betting in particular have largely remained male hobbies. New trends, however, suggest that this is now changing as more and more women seem to […]
Sports
January 17, 2025
Australian Tennis Pro Tomic Was Probed for Match-Fixing
Bernard Tomic, an Australian tennis professional, has been the subject of a match-fixing investigation, new reports revealed. The athlete’s behavior came under the microscope in 2022, shortly after authorities identified suspicious betting patterns. Tomic Was Investigated over Suspicious Bets The investigation in question was related to two of Tomic’s matches. The first of them took […]
Industry
January 16, 2025
VicBet Breaches Customer Care Regulations, Receives AU$130,000 Fine
Australian online bookmaker VicBet has received a $130,000 fine from the VGCCC due to the former breaching customer care rules on two occasions. VicBet Fined AU$130,000 Earlier this week, the Victorian Gambling and Casino Control Commission (VGCCC) announced that it had fined VicBet AU$130,000, which equates to around $83,000. The reason for the fine is […]
Business
January 13, 2025
Star Entertainment Risks Going Bust, Putting Thousands of Jobs on the Line
Star Entertainment Group, a big name in Australia’s casino and hotel business, stands on the brink of going broke. With just $79 million in the bank and growing problems, including fewer customers and over $100 million in fines from regulators, the company might run out of money in a month and a half. Brisbane’s $3.6B […]
