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 […]
Business
August 30, 2024
BetMakers Posts FY 2024 Results, Highlights Reduction in Expenses
BetMakers Technology Group has published its financials for the 12-month period ended June 30, reporting an improvement in its operational discipline and a decline in expenses. The Company Reported a Reduction in Expenses Thanks to a “disciplined approach to its strategy,” BetMakers was able to improve its profitability, realizing significant material benefits. The company’s adjusted […]
Business
August 29, 2024
BlueBet Plans US Market Withdrawal to Focus on Growth in Australia
This spring, BlueBet, the emerging Australian betting giant, announced a strategic deal with Betr, a recognizable gaming and betting operator. After the announcement of this strategic collaboration, the company confirmed its plans to review its operations in the United States. Now, BlueBet confirmed its intention to exit the US market and focus on its growth […]
Industry
August 28, 2024
SHARC Urges Australia’s Gov to Crack Down on Gambling Ads
The Self Help Addiction Resource Centre (SHARC), an Australian gambling addiction charity, has urged the government to implement a blanket ban on gambling advertising. The call comes as the government considers a watered-down version of the said measure. Australia’s Proposed Ad Cap Doesn’t Sit Well with SHARC Australia has cemented itself as the highest gambling […]
Business
August 27, 2024
Crown Resorts CEO Carruthers to Step Down in September
After a transformative period that helped ensure regulatory compliance for Crown Resorts, the company’s CEO, Ciaran Carruthers, will step down from his role. On Monday, the leading gaming and hospitality operator confirmed that its CEO will step down from his role effective from September 1. While Carruthers will remain a part of Crown Resorts, he […]
