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Business
April 7, 2025
Star Entertainment Accepts Bally’s AU$300M Rescue Deal
Australia’s embattled casino operator, Star Entertainment Group, received a lifeline from Bally’s Corporation early last month. At the time, the latter company proposed AU$250 million ($158 million) to help the former and become a major shareholder. The announcement came after Star failed to disclose its six months results for the period ended December 31, 2024, […]
Industry
April 4, 2025
BetStop Now Has More Than 40,000 Registrations
BetStop, the newly launched self-exclusion program in Australia, has been able to reach a new significant milestone – registering as many as 40,000 people. BetStop’s Registration Grow But Slow Down in Latest Quarter This is a significant achievement, as the program has been introduced as a way to unify the needs of consumers who wished […]
Business
April 2, 2025
Star Entertainment’s Search for Liquidity Continues as Salter Brothers Deal Falls Through
The Star Entertainment Group’s financial woes continue as its negotiations with Salter Brothers Capital fall through. The latter company had expressed interest in financing the Australian operator’s debt but has seemingly withdrawn the deal. The Deal Fell Through Just when things were beginning to look better for Australia’s embattled Star Entertainment Group, the company announced […]
Legal
April 2, 2025
Entain Accused of Neglecting Money Laundering Red Flags in Australia
The parent company of Ladbrokes and Neds, Entain, is facing scrutiny in Australia, where the body responsible for preventing, detecting and responding to criminal abuse of the financial system, the Australian Transaction Reports and Analysis Centre (AUSTRAC), claims the company systemically breached the country’s anti-money laundering (AML) laws and failed to conduct proper checks for […]
Business
April 2, 2025
BlueBet Stays Confident About Buying PointsBet Despite Competing Offer
Australian betting company BlueBet keeps pushing to buy PointsBet even though Japanese firm MIXI wants it too. BlueBet CEO Andrew Menz feels good about their chances, saying talks with PointsBet shareholders have gone well overall. BlueBet Challenges PointsBet’s MIXI Deal, Emphasizes Strength of Its Own Offer The company still wants to make the deal happen […]
Industry
March 31, 2025
AUSTRAC Updates Tip-Off Policies to Enhance Operator Accountability
The Australian Transaction Reports and Analysis Centre (AUSTRAC) has revealed substantial policy changes regarding the criminal offense of “tipping off” as it seeks to enhance industry-wide anti-money laundering and counter-terrorism financing (AML/CTF) practices. The changes, coming into effect on 31 March 2025, are designed to deter criminals from concealing their illegal activities. The Updates Are […]
Industry
March 31, 2025
Victoria: Operators Wary as Lawmakers Consider Mandatory Carded Play
The government of Victoria is considering introducing obligatory carded play for patrons at gaming venues, to the gambling industry’s dismay. The proposed bill would require all patrons to use personal cards that track their spending and gaming, making it easier to prevent gambling harm and gambling-related financial crime. However, industry stakeholders believe that this measure […]
Industry
March 31, 2025
Is Australia’s Lucky Box Encouraging Children to Gamble?
The famous bright-yellow vending machines decorated with popular cartoon characters called Lucky Boxes stand out in no less than 35 locations spread across the east coast of Australia. They dispense neatly stacked boxes containing surprises ranging from PlayStation 5s and Xbox consoles to smaller items like movie tickets and phone chargers. The mystery prizes are […]
Casino
March 31, 2025
Regulator Keeps The Star Sydney’s Casino Licence Suspended until September
The Star Entertainment Group’s Sydney casino cannot operate until at least September 30, 2025, based on what the New South Wales Independent Casino Commission (NICC) has decided. The watchdog said the company still had financial problems, which is why they needed to keep an eye on things even though they saw the company was trying […]
Business
March 25, 2025
The Star Extends Its Refinancing Negotiations with Salter Brothers Capital
The Star Entertainment Group, an Australian casino and hospitality operator, confirmed that it has given investment firm Salter Brothers Capital (SBC) a few extra days to complete its refinancing offer. This comes amid continued financial struggles for the embattled gambling operator. The Deadline Has Been Extended The latest announcement is related to The Star’s ASX […]