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Business
November 24, 2023
NSW and Queensland Extend Star Entertainment’s Special Manager Terms
New South Wales (NSW) and Queensland regulators appointed special managers to oversee the company’s operations after the scandals surrounding its risk management failures and unethical behaviors. The beleaguered operator has recorded substantial progress in remedying its deficiencies but must still convince authorities it is ready to resume control. Both Regions Expect Swift Progress In ASX […]
Industry
November 22, 2023
Michelle Rowland Believes Banning Gambling Ads in Australia Will Not Be Easy
A week ago, Australia’s House of Representatives approved the ban on using credit cards to gamble online. However, another much-discussed ban, the ban on gambling advertisements, might prove to be a trickier matter. Michelle Rowland, Australia’s communications minister, commented on the matter, saying that the implementation of such a ban might prove to be very […]
Casino
November 22, 2023
Victorian Councils Demand Overhaul of Poker Machine Tax Scheme
A coalition of Victorian councils is urging the state government to overhaul a tax minimization scheme for poker machine venues, asserting that the current system allows venues to exaggerate their community benefits. Victorian Clubs Divert Tax Break Community Funds for Self-Gain The councils are particularly concerned about venues pledging additional payments to communities as part […]
Industry
November 21, 2023
Australian Online Betting Giants Unite to Support Financial Counselling Services
Six leading players in the Australian online betting scene – Bet365, Betfair, Entain, PointsBet, Sportsbet, and Unibet – have pledged more than AUD 3 million ($1.97 million) to support financial counseling services over three years. Responsible Wagering Australia announced this joint initiative, noting it was another significant milestone in its mission to protect consumers. The […]
Industry
November 21, 2023
Star Entertainment Group and NSW Government Negotiate New Casino Duty Rates
Talks between the beleaguered operator and the NSW Government concluded in a compromise, significantly reducing the originally envisioned levy increases. However, the planned duty rate hikes will further strain Star Entertainment’s efforts to recover from the wake of its money laundering scandals and regain the trust of consumers and regulators. The Operator Is Yet to […]
Casino
November 20, 2023
Crown to Change Sydney Casino Work Hours, Lay 180 Workers Off
Crown Resorts is set to cut jobs at its Sydney casino, which continues to struggle with low visitation. The casino operator will also reduce its working hours, according to a report by The Sydney Morning Herald. The NSW news outlet said that the casino operator’s Sydney property does not have enough visitors to justify the […]
Industry
November 20, 2023
Australia’s Gambling Industry Impacts Politics, Report
Gambling is identified as a public health risk in Australia, considering that hundreds of millions are lost to the activity on a monthly basis. The losses to gambling on a yearly basis are in billions, a warning sign that many people are affected by the activity and may suffer from at-risk or problem gambling. Before […]
Legal
November 17, 2023
Crown Resorts Failed to Pay an Abused Guard’s Legal Fees, Lawsuit Suggests
Australian billionaire and ex-Crown Resorts shareholder James Packer is once again being sued by a security guard whom he allegedly assaulted in 2016. The guard, some 12 years older than the businessman, claimed to have been assaulted after failing to recognize Packer. Now, Packer and his team are allegedly avoiding paying the legal fees stemming […]
Industry
November 14, 2023
Australia: House of Representatives Approves iGaming Credit Card Ban
Australia is proceeding with its plans to prohibit the use of credit cards in online gambling. In a new development, the House of Representatives passed a bill that would introduce a prohibitory measure. The Interactive Gambling Amendment (Credit and Other Measures) Bill 2023 was first introduced in September amid concerns about the worrisome problem gambling […]
Industry
November 13, 2023
Australian Bill Seeks to Make Lobbying More Transparent
Australian crossbenchers are not amused by Michelle Rowland’s birthday launch with gambling lobbyists last November. The launch was revealed by a report, causing immediate backlash and calls for more transparency in Australian politics. As reported by The Guardian, Kooyong MP Monique Ryan took this call a step further and introduced a bill that seeks to […]
