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Industry
October 11, 2024
Green Party Files Gambling Ads Ban Bill to Australia’s Senate
On October 9, the Green Party in Australia sent a bill asking for a full ban on gambling ads in the country to the Senate. The move represented the latest development in the heated talks on the way the Labor government should go around the undeniable gambling ad proliferation. At the start of September, news […]
Lottery
October 10, 2024
Australia: Dentist Visit Leads to AU$8M Oz Lotto Win
People rarely enjoy visits to the dentist. However, on rare occasions, this can bring good luck, and this is precisely the case of a lottery player from Queensland, Australia, who recently scored a multi-million-dollar prize after purchasing a ticket right after a dentist appointment. Single Division One Ticket Wins the Jackpot on Oz Lotto’s 1599 […]
Business
October 8, 2024
JPMorgan Acquires Stake in Australia’s Star Entertainment
JPMorgan Chase & Co. has bought a big chunk of Star Entertainment Group, an Australian casino company that is having money troubles. JPMorgan Buys 5.47% of Star Entertainment as Casino Operator Battles Regulatory Scrutiny A new report shows that JPMorgan now owns 5.47% of the company’s voting shares, which means it is getting more involved […]
Lottery
October 4, 2024
Aussie Powerball Player in Shock After AU$12M Jackpot Win
The life of one lottery player from Kangy Angy, Australia, completely changed following the Powerball drawing on Thursday night. To the surprise of the lucky winner, he was notified about his unexpected windfall while at work on Friday. A Single Winner Collects Division One Prize from Powerball’s Latest Drawing The Lott did not release the […]
Sports
October 2, 2024
TexBet Slapped with AU$33,000 Fine in NSW
The Liquor & Gaming NSW took issue with O’Shea Bookmaking, known to the wider audience as TexBet, its trade name, in one instance where the company had accepted bets from a player who was trying to close their account. Liquor & Gaming NSW Brings Operator to Heel over Promotion The case was viewed at Downing […]
Industry
October 1, 2024
Australian Operators Under Flak for Alleged Underhanded Lobbying
Gambling reform advocates are raising alarms, warning that wagering companies are “showering” Australian federal politicians with hospitality as the government contemplates stricter advertising regulations. A new Alliance for Gambling Reform (AGR) report reveals that at least 19 federal MPs have accepted free tickets and hospitality from betting firms, including Tabcorp and Sportsbet, to attend various […]
Business
September 30, 2024
Star Completes Treasury Brisbane Casino Sale, Shares Rise 18%
At the end of last week, we reported that Star Entertainment was forced to return to the negotiation table alongside creditors to deal with its reported AU$1.69 billion ($1.08 billion) annual loss and the overall shaky ground projected for the new financial year. Now, the group that recently sold its leasehold interest in the historic […]
Industry
September 30, 2024
Tim Costello Criticizes NRL, AFL for Ignoring Problem Gambling
Gambling is recognized as a serious public health issue in Australia. The scale of the issue is evident, especially considering the annual losses to gambling hit AU$32 billion ($21.6 billion) based on data supplied by the Queensland Government Statistician’s Office. In that line of thought, meaningful changes are long overdue, and the time has come […]
Casino
September 27, 2024
Star Entertainment Navigates Choppy Financial Seas with Creditors
As losses loom and the company steps into the new financial year on shaky ground, Star Entertainment has been able to negotiate an AU$200 million (138.9 million) credit that will be drawn in October and December, in separate tranches. Star Is Walking a Thin Financial Rope and Aid Is Direly Needed Creditors have shown a […]
Industry
September 26, 2024
NSW: Most Operators Are Compliant with the New RG Rules
Liquor & Gaming NSW has continued its regulatory efforts to ensure that local gambling properties are complying with the new harm minimization measures. Recent findings have demonstrated venues’ readiness to adopt the new requirements. NSW Inspectors Continue to Ensure the Rules Are Followed According to the NSW regulator, its inspectors have visited a total of […]
