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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 […]
Business
August 20, 2025
Novomatic Submits Improved Bid for Ainsworth
Not too long after major stakeholders of Ainsworth Game Technology (ATG) lambasted Novomatic’s takeover offer, saying that it undervalues the business, the latter company returned with another proposal. Novomatic Returns with an Unconditional Offer Novomatic, a European gaming powerhouse, has launched a new bid to acquire all of Ainsworth’s outstanding shares. The new proposal outlines […]
Industry
August 19, 2025
VGCCC Reprimands Crown over Pre-Commitment Failures
The Victorian Gambling and Casino Control Commission (VGCCC) announced that it has censured casino & hospitality giant Crown Resorts over violations of the state’s gambling laws. According to the authority, the Crown Melbourne property committed multiple violations of Victoria’s gambling harm minimization requirements. Crown Violated Victoria’s Pre-Commitments Rules In its announcement, the VGCCC emphasized that […]
Business
August 19, 2025
PointsBet Weighs in on Betr’s Improved Disclosure
PointsBet has welcomed Betr Entertainment’s improved disclosure, although the former company’s leaders have remained unconvinced by its suitor’s acquisition proposal. In any case, this small victory is a ray of light for Betr, the latest proposals of which have been largely dismissed by PointsBet. Betr Continues Its Efforts to Acquire PointsBet Betr has long sought […]
Casino
August 15, 2025
SA’s Poker Machine Losses Cross Record $1B Mark
Just last month, Australian physicians expressed serious concerns regarding social media influencers bombarding ordinary citizens with content that glamorizes pokies, while failing to speak about the potential risks. Now, new data speaks of South Australians losing more than $1 billion on these machines in the past financial year, marking the highest figure ever recorded in […]
