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Casino
June 9, 2023
Blackstone Group Signals Confidence in Crown Melbourne Property
As a result, Blackstone will be investing in what it sees as a much-needed renovation in Crown Melbourne, following the $6.5-billion acquisition of Crown Resorts last year. This was carried out amid increased pressure on the property, as it faced probes into various offenses and breaches of Australia’s gambling laws. Blackstone Outlines Future Success of […]
Industry
June 7, 2023
Aussie Gambler Files Lawsuit after Losing $400K
With hundreds of millions lost to gambling on a monthly basis, the activity is identified as a public health problem in Australia. While different states try to implement changes to the regulatory framework, a large portion of the country’s population loses money to gambling on a daily basis, which in turn causes other issues such […]
Industry
June 6, 2023
NSW Slams Operators for “Going Quiet” on Gambling Harm Messaging in TV Ads
The New South Wales government is unhappy with the gambling industry’s negligence when it comes to promoting responsible gambling. According to the authorities, some operators fail to properly communicate the dangers of gambling to their customers. The announcement comes after Liquor & Gaming NSW, a body that regulates gaming in the state, found that two […]
Casino
June 6, 2023
Star’s Queen’s Wharf Brisbane Opening Postponed to April 2024
Queen’s Wharf Brisbane, an integrated resort that will operate the casino under the Star Entertainment Group’s brand and logo, was originally slated to open in December 2023, but delays in construction and regulatory headwinds have slowed down the completion rate. Queen’s Wharf Brisbane Will Experience Some Delay Presently, Destination Brisbane Consortium, which is in charge […]
Legal
June 5, 2023
ILGA Pondering Early Venue Closure to Prevent Problem Gambling
In February, the Liberal and Nationals New South Wales (NSW) government began paying more attention to poker machines spread throughout the state, taking into consideration a fully cashless strategy which had already received support from the NSW Police Commissioner in December 2022, and higher limitations on the use of the machines, as well as their […]
Industry
June 2, 2023
Australia: Online Gambling Regime Is Far Behind Europe, Asia
A new analysis of laws and regulatory regimes applicable to online gambling across the world found that Australia is lacking behind many of its European and Asian counterparts, urging the government to take action and stop the industry from grooming children for a life of gambling. Gambling Advertising in the Crosshairs Conducted by the Alliance […]
Business
May 31, 2023
BetMakers to Axe over 100 Jobs under AU$20M Cost Reduction
Australian wagering technology supplier BetMakers Technology Group is about to implement a global cost-cutting program that will see its staff reduced by more than 100 jobs. Bringing Down Staff and Overheads by 23% The execution of the program costing AU$2.5 million ($1.68 million) is expected to bring expenses down by AU$20 million ($13.4 million) by […]
Industry
May 30, 2023
ACMA Asks Curaçao Government for Help against Illegal Gambling
Having found no success in weeding out Curaçao-based offshore operators from the Australian market, the Australian Communication & Media Authority (ACMA) is now looking for help from the Curaçao government. Curaçao-based online gambling companies have been a serious problem in Australia. Despite having no license to operate in the country, these companies have been offering […]
Legal
May 30, 2023
Crown Reaches AU$450M AUSTRAC Settlement for AML/CTF Breaches
The Australian Transaction Reports and Analysis Centre (AUSTRAC) announced today that an agreement with Crown Resorts over a financial penalty has been reached, and the casino operator agreed to pay AU$450 million ($293.4 million) for its breaches. Proposed Penalty Appropriate in All Circumstances The joint submissions filed by Crown Melbourne and Crown Perth with the […]
Industry
May 29, 2023
Gambling Reform in Australia May Be Impacted by UK’s White Paper
After much delay and anticipation, the White Paper of the Gambling Act review in the UK was published late last month. The White Paper proposes significant changes to the gambling market in the country, ensuring that its laws are fit for the digital age. Essentially, it calls to build upon the Gambling Act 2005 but […]
