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Industry
December 19, 2024
Aussie Couple Found Dead, Police Suspects Murder Tied to Gambling Debt
Excessive gambling can lead to addiction which in turn may push people into debt. A young man, who law enforcement suspects accumulated a large gambling debt, was recently found dead together with his wife near an airport in Sydney, Australia. Lifeless Bodies Found in a Park Law enforcement is now looking for two or three […]
Industry
December 18, 2024
Australia Slashes Gambling Operator Tax Benefits to Combat Addiction
In a decisive move, the Australian federal government has announced it will cut off tax incentives to gambling operators for research and development (R&D) activities from 1 July 2025. The change was announced in the Mid-Year Economic and Fiscal Outlook (MYEFO) to ensure taxpayer funds are not used to compound gambling addiction and associated harms. […]
Legal
December 17, 2024
Australian Operators Face Lawsuits for Dealing with International Fugitive
The Star Entertainment Group and Crown Resorts, two Australian casino and hospitality powerhouses, are facing lawsuits for their past dealings with Michael Gu, an international fugitive who was behind one of Australia’s biggest Ponzi schemes. Gu Defrauded Investors of Millions of Dollars Michael Gu, for context, described himself as a high-end property developer. As the […]
Industry
December 17, 2024
New Video Games Classification Helps Parents in Australia
Ahead of Christmas, many parents are likely wondering what the best gift for their children would be. While some may consider toys, others, likely responding to children’s requests, may purchase certain video games. In recent years, the lines between gambling and games have been blurring, especially with the introduction of the popular loot boxes that […]
Business
December 17, 2024
Jefferies Equity Analyst Prepares Investors for Entain AML Fine
At the start of the week, we announced that Ladbrokes and Neds’ operator and global gaming and betting company, Entain Group Pty Ltd, has been hit with civil penalty proceedings in Australia. The action, which followed a series of alleged breaches of anti-money laundering (AML) and counter-terrorism financing (CTF) policies, as described by the Australian […]
Legal
December 16, 2024
Entain Hit With Civil Penalty Proceedings in Australia
The Australian Government agency responsible for deterring, detecting and disrupting financial crimes and organized criminal activities, AUSTRAC (the Australian Transaction Reports and Analysis Centre), announced it initiated civil penalty proceedings against a recognizable betting and gaming operator. The Agency Claims Entain Breached AML, CTF Regulations On Monday, the agency confirmed that Ladbrokes and Neds’ operator […]
Industry
December 12, 2024
Self-Exclusion Program Goes Live in South Australia, ACMA Bans Six Websites
South Australia’s government is launching its Take a Break self-exclusion program following a successful trial. Like other similar programs, Take a Break will encourage riskier users to limit their gambling and get their habits in check. South Australia to Expand Self-Exclusion Campaign The program’s trial saw 31 betting locations across the state put up posters […]
Industry
December 9, 2024
Australians Outraged After Kids See Betting Ads on Snapchat
Australian proponents of a ban on gambling ads have been outraged to learn that minors were able to see promotional Snapchat filters from Sportsbet. While the operator promised that it had taken all reasonable steps to ensure its content only reaches adults, some doubted that was the case. Children Could See the Promotional Filters As […]
Industry
December 6, 2024
Queensland Defers The Star Gold Coast’s License Suspension
The new Queensland government has decided to defer The Star Gold Coast’s license suspension by a few months, providing the Australian casino giant with more time to apply its remediation measures. This decision will provide The Star Entertainment Group with a short breather amid a difficult period. The Star Gets a Few More Months to […]
Business
December 5, 2024
Aristocrat Gaming CEO Hector Fernandez Exits for Unnamed Competitor
Hector Fernandez, the boss at Aristocrat Gaming, has moved on, with the executive leaving the company with immediate effect, Aristocrat Leisure Limited confirmed in a filing on Thursday. Long-time Aristocrat Gaming veteran steps down from CEO post Fernandez has been a long-standing company veteran, and he first started as CFO at the Americas Gaming business […]
