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Industry
April 11, 2024
NSW’s First Cashless Gaming Trial Did Not Have a Significant Impact
The cashless gambling trial in New South Wales has already started but critics are not happy with the results. Initially launched at Wests New Lambton, a club in Newcastle’s Hunter region, the trial ran from October 2022 until June. Unfortunately, the statistics failed to impress the opponents of cashless gaming. The new technology, which some […]
Business
April 10, 2024
BlueBet Shares Surge as Merger with Betr Approaches
BlueBet’s shares experienced a sharp increase ahead of the betting company’s merger with Betr. According to a report by the Australian Financial Review, a local news outlet, the deal should be closed soon. Following the report, BlueBet’s share price spiked to AUD 0.33, vastly increasing the firm’s market cap. The shares proceeded to fall back […]
Industry
April 8, 2024
Victoria Implements Tougher Standards for Sportsbook Player Statements
Several years ago, the gambling regulator in Victoria, Australia, the Victorian Gambling and Casino Control Commission (VGCCC), initiated a review of the monthly statements provided by betting operators in the jurisdiction. Last summer, the gambling watchdog issued an Activity Statement Expectations Guide and requested feedback from the licensees. Implementing changes to the way operators present […]
Industry
April 5, 2024
Gambling Addict Jailed Over Cocaine Import Attempt
28-year-old gambling addict K.C. who was involved in a failed attempt to import 2.4 tons of cocaine worth around $100 million into Perth, Western Australia (WA) as part of a large-scale drug operation, has received a jail sentence of over 14 years. WA Police Was Tipped Off In January 2023, the Sydney-based player flew to […]
Legal
April 2, 2024
VGCCC Levies $100,000 Fine to MintBet for Code Violations
The Victorian Gambling and Casino Control Commission (VGCCC) announced that it has issued a fine of AUD 100,000 ($65,100) to MintBet, an operator that violated its Responsible Gambling Code of Conduct repeatedly. According to the authority, the online operator allowed the player to sit down for extensive periods of time without intervening. Within a period […]
Legal
April 2, 2024
Victoria Court Convicts Manager with Gambling Addiction in Fraud Scheme
In a recent ruling by Australia’s County Court of Victoria, a manager has been sentenced for a series of fraudulent activities spanning over a decade. The individual, whose identity has not been disclosed, was employed at a company providing business management, tax services, and royalty accounting to clients in the music, hospitality, and entertainment sectors. […]
Sports
April 1, 2024
Self-Regulation of Gambling Ads Falters during AFL Game
In Australia, gambling is identified as a public health issue. The country is known to have the highest losses per capita out of any other in the world, but it is not only pokies that result in losses in millions every month. Sports betting is just as popular and continues to attract many young sports […]
Industry
March 27, 2024
Melbourne Accountant Jailed Over Fraudulent Transactions
A 38-year-old accountant from Melbourne has been sentenced to six years in prison over a total of 239 fraudulent transactions that involved several popular musicians and restaurateurs in Australia. Over $2 Million Transferred From Clients’ Accounts The accountant was a partner and business manager at White Sky when he started transferring money that should have […]
Casino
March 26, 2024
Crown Resorts’ Melbourne Property Fit to Hold License
Two years after Crown Resorts’ Melbourne property came under government review, and following the acquisition by Blackstone Group, the flagship casino has been deemed fit to retain its license and continue to operate, overcoming a difficult regulatory spell that necessitated strict government supervision because of breach of anti-money laundering laws. VGCCC Pleased with Progress and […]
Legal
March 26, 2024
Australia and Curacao Getting Closer to Solution over Illegal Gambling
The regulator has insisted that the Curacao Gaming Control Board (CGCB) must do more to aid ACMA’s efforts to stem the tide of illegal websites that continue to target Australian citizens without serious repercussions. So far, ACMA has blocked more than 950 such websites, prompting many others to leave voluntarily. ACMA More Hopeful about Cracking […]
