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Business
September 25, 2023
The Star Entertainment Group to Raise $770,000 to Cover Existing Debts
The Star Entertainment Group, an Australian casino and hospitality company, continues to encounter financial trouble following its recent regulatory hurdles. Amid these difficulties, the company unveiled its plans to raise AUD 1.2 billion (around $770,000) to reinforce its business and deal with existing debts. As outlined in an ASX announcement, Star Entertainment will use a […]
Industry
September 22, 2023
Ex-financial Advisor Goes to Prison over Stealing Money to Gamble
A 42-year-old former financial advisor from Perth, Australia, was sentenced Friday over stealing money from his clients to fund a gambling addiction. Mark Raymond Sebo was arrested back in November 2022 and pleaded not guilty to 36 charges of stealing money from at least eight individuals or couples. Sebo was sentenced to five years in […]
Sports
September 22, 2023
TikTok Faces Backlash as It Bans and Reinstates Video Criticizing Gambling Ads
Social media giant TikTok recently came under fire for removing a video that criticized the proliferation of gambling advertisements on broadcast television. The video, uploaded by Kate Susabu, highlighted the struggles of her grandfather with gambling addiction and called for a halt to advertising money from gambling companies flowing into the broadcasting industry. Kate Susabu’s […]
Industry
September 21, 2023
New South Wales Government Allocates $100M to Combat Gambling Harm
In a significant move to address gambling harm in New South Wales (NSW), the state government has pledged $100 million in funding for initiatives and services to reduce the industry’s harmful effects on communities. This commitment is a part of the first Minns Labor Government Budget, reflecting their long-term dedication to combating money laundering, implementing […]
Sports
September 21, 2023
Three Basketball Teams Join NSW’s Reclaim the Game Program
Liquor & Gaming NSW announced that more teams have joined the New South Wales government’s Reclaim the Game campaign. These include the National Basketball League’s (NBL) Illawarra Hawks and Sydney Kings, as well as the Women’s National Basketball League’s (WNBL) Sydney Flames. As partners of the Reclaim the Game program, the three teams will work […]
Casino
September 21, 2023
Queensland Sees Surge in Gambling Losses in 2022-2023
Gambling losses have reached an alarming milestone in Queensland, as the latest figures reveal that residents lost more than AUD5 billion ($3.2 billion) during the 2022-2023 financial year, marking an 11.3% increase from the previous year. Electronic Gaming Machines Account for 63.2% of Queensland’s Gambling Losses The data, released by the Queensland government, has raised […]
Industry
September 20, 2023
ACMA Remains Vigilant, Blocking Five More Offshore Gambling Websites
In its latest action, ACMA has identified five offshore gambling websites – Viperspin, Just Casino, Betandplay, Play Fina, and Comic Play Casino – operating in breach of Australia’s Interactive Gambling Act 2001. The authority has been steadily intensifying its efforts, hoping to curb illegal offshore gambling activities within the country. ACMA Intensifies Its Efforts as […]
Industry
September 20, 2023
Gambling Companies Crack Down on Promo Abuse with Account Restrictions
In a bid to curb the exploitation of promotional offers by savvy gamblers, more than a dozen gambling companies have implemented restrictions on individuals who consistently make money through these incentives or employ unconventional betting strategies deemed “not commercially viable.” Confidential Correspondence Reveals Gambling Industry’s Inner Workings Confidential correspondence obtained by Guardian Australia supports the […]
Sports
September 18, 2023
IMG Renews Media Rights Deal with Australian Professional Leagues
Global sports & culture company IMG has extended its exclusive international media, data and streaming rights partnership agreement with the Australian Professional Leagues (APL). Under the extended partnership, IMG will distribute APL media rights for several more years. The partnership extension will allow the sports specialist to manage APL’s media rights in international markets, excluding […]
Industry
September 18, 2023
Tabcorp Faces Charges from VGCCC over Alleged Underage Gambling
Underage gambling is a growing concern, amid the growing popularity of games offering the popular loot boxes. While regulating video games is complex as changes to the regulations must be implemented to protect children from the loot box functionality that resembles slots, gambling is strictly prohibited for minors. Australia is no exception and the gambling […]
