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Industry
September 11, 2025
ASIC Probes Private Equity Firm for Allegedly Gambling with Investor Funds
Australia’s top financial authority is stepping up its investigation into a private equity group accused of siphoning tens of millions of dollars in investor funds into gambling. The Australian Securities & Investments Commission (ASIC) claims that First Mutual Private Equity raised approximately $53 million from investors between March 2024 and July 2025, presenting their operations […]
Industry
September 11, 2025
PointsBet Encourages Shareholders to Back MIXI’s Takeover Offer
PointsBet has once again encouraged its shareholders to accept MIXI Australia’s takeover proposal. In the meantime, the Australian sportsbook reiterated its skepticism about Betr’s rival offer, citing significant risks. PointsBet Prefers MIXI’s Proposal MIXI Australia, the Australian arm of the Japanese tech giant MIXI, has continued the fight for PointsBet, hoping to acquire the sports […]
Sports
September 10, 2025
Carlos Ulberg vs. Dominick Reyes UFC Perth Odds, Time, and Prediction
Carlos Ulberg vs. Dominick Reyes could be a crucial fight in the UFC Light Heavyweight Division because the winner might get a shot at the title next year. They both deserve to be in the championship conversation, really. Ulberg is on an 8-win streak, while Reyes is looking for his fourth win in the space […]
Business
September 8, 2025
MIXI Australia Achieves Majority Stake in PointsBet
MIXI Australia, the Australian arm of the Japanese tech giant MIXI, has acquired majority control of PointsBet Holdings, marking another win for the company, despite competitor Betr Entertainment’s efforts to acquire the sportsbook. A Major Step for MIXI On September 5, MIXI Australia reached 51.86% shareholding in PointsBet, which is equivalent to some 180.3 million […]
Business
September 2, 2025
Analysts Flag Structural Challenges for Tabcorp Despite Earnings Lift
Australian gambling giant Tabcorp is expected to post improved financial results in Q2 2025. However, analysts warn that deeper structural issues continue to loom over the company’s future. Recent regulatory issues and policy changes in key regions could further undermine the operator’s position if it fails to adapt. On-Course Shops Will Be the First to […]
Casino
September 2, 2025
Billionaire Sues Star Sydney Over $57M Gambling Loss
A Chinese-born billionaire property developer has decided to sue The Star Sydney for AUD 57 million ($37.2 million), claiming the casino took advantage of his gambling addiction and language barriers to encourage his massive losses. He Signed Papers He Couldn’t Read Phillip Dong Fang Lee alleges that he was misled into signing documents he did […]
Sports
August 29, 2025
PointsBet Backs MIXI as Takeover Battle Nears Deadline
PointsBet has confirmed that MIXI Australia is close to gaining significant influence over the business once its takeover offer closes at the end of this week. The Australian newcomer on the online sportsbook market expressed a “strong likelihood” that MIXI will obtain “effective, if not actual” control, and that board representation for MIXI was currently […]
Industry
August 28, 2025
Australian PM Warns Against Blanket Advertising Ban
Gambling is popular in Australia, and with it, there have been a lot of calls for restricting the reach of the activity. Yet, Australian Prime Minister Anthony Albanese has said that there are no immediate plans to roll out new restrictions on gambling ads, least of all a blanket ban. Australia Far from Enacting a […]
Casino
August 28, 2025
Crown Melbourne Gets Two More Years to Roll Out Key Gambling Change
The Victorian government has given Crown Melbourne an extra two years to put in place mandatory card play for all its table games, pushing the deadline to December 2027. This decision, announced this week, has sparked new talks about the state’s dedication to gambling reform and efforts to fight money laundering. Government Grants Crown More […]
Industry
August 27, 2025
The Star Fails to Negotiate Covenant Waivers with Lenders
The Star Entertainment Group’s financial troubles continued, as the company found itself unable to secure lender waivers that would have allowed it to breach the terms of its debt agreements without risking penalties. The Terms Are Unacceptable to The Star In an official Australian Securities Exchange (ASX) release, the company responded to a recent publication […]
