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Casino
September 10, 2024
The Star Sells Iconic Treasury Building Amid Financial Struggles
The Star Entertainment Group has sold its leasehold interest in Brisbane’s historic Treasury Building to Griffith University. This AUD67.5 million ($45 million) agreement signals a big change for The Star and the university. The casino company aims to raise much-needed money, while Griffith University plans to turn the landmark into a major place of learning. […]
Legal
September 9, 2024
Australian Court Orders Foreign High Roller to Pay Back Gambling Debt
The Supreme Court in Brisbane has ordered high roller Yew Choy Wong to pay back some AUD 38 million to Star Entertainment Queensland. This came in response to the accumulation of significant gambling debt. Wong Accumulated a Debt He Refused to Pay Wong, for context, was invited to the Star Gold Coast casino in 2018. […]
Industry
September 6, 2024
Australians Reluctant to Roll in Cashless Gaming Trial
Australians are said to be losing calamitous amounts on poker machines, and something clearly should be done. No one can quite put their finger on what that something looks like, but a barrage of responsible gambling measures has been launched. Cashless Gambling Trial Fumbled in Australia Some, such as a national self-exclusion program and a […]
Industry
September 6, 2024
Grattan Institute Urges Australian Government to Tackle Record Gambling Losses
A recent study by the Australian think tank Grattan Institute calls on Australia’s government to take strong steps to reduce gambling-related problems pointing out that Australians lose more money per person on gambling than any other country. Pokies and Online Betting Drive Australia’s Highest Gambling Losses The study called A Better Bet: How Australia Should […]
Business
September 5, 2024
Star Entertainment’s Financial Woes Deepen despite Queens Wharf Opening
The troubles for The Star Entertainment, Australia’s leading casino operator, continue after its recent suspension from trading on the ASX, the country’s primary stock exchange. The unexpected move came after the operator missed the deadline to submit a financial report last week. The announcement came just after the company opened its new venue in Queensland, […]
Industry
September 4, 2024
Australian PM Disproves Reports of Imminent Gambling Advertising Ban
Australian Prime Minister Anthony Albanese has denied media reports from earlier in the week that his administration had already discussed and agreed on a total ban on gambling advertising. The government is still conducting consultations, aiming to gather as much data as possible before making an informed decision, especially considering the far-reaching implications of a […]
Industry
September 4, 2024
Labor to Ban TV Gambling Ads In 2 Years and Place Immediate Online Ad Ban
According to Sky News, Australia’s government is busy working on important gambling reforms as Labor is trying to handle the current oversaturation of gambling ads. TV Ads Could Be Halted Within Two Years For starters, TV gambling ads would be slapped with a ban within two years. Secondly, online gambling ads would be banned almost […]
Lottery
September 3, 2024
Aussie Lottery Player Wins AU$2.5M, Plans European Getaway
Winning the lottery provides unique excitement and many opportunities for the lucky few. One lottery player from Sydney’s suburb, Ryde, in New South Wales, Australia, is planning an exciting trip to Europe after winning more than a million dollars over the weekend. The lucky player, whose name was not disclosed, scored one out of a […]
Business
September 3, 2024
ASX Suspends Star Entertainment over Missed Report Deadline
The Star Entertainment Group announced that it has been suspended from the ASX, Australia’s primary stock exchange. The suspension was enforced due to a missed deadline, according to an official ASX filing. The ASX Suspends The Star Entertainment The announcement was made on September 2 as The Star Entertainment was suspended from the ASX due […]
Casino
August 30, 2024
Star Entertainment Found Unfit to Hold a License amidst Regulatory Scrutiny
Star Entertainment Group Ltd., one of Australia’s most prominent casino operators, faces an uncertain future after an inquiry found it unfit to hold a casino license in Sydney. A comprehensive and damning report by lawyer Adam Bell revealed significant problems like dysfunctional leadership, ethical failings, and toxic corporate culture. These issues remain deeply entrenched, making […]
