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Business
August 29, 2023
The Star Posts FY23 Results, Sees Net Loss of AU$2.44bn
The Australian gambling and entertainment company, The Star, released its FY23 financial report, revealing a normalized EBITDA and significant statutory loss for the period. The report emerged Tuesday and sees the company post a statutory net loss of AU$2.44 billion ($1.57 billion). At the same time, the latest financial report reveals that normalized EBITDA hit […]
Industry
August 28, 2023
Study Reveals Link Between Gambling and Suicide among Australian Veterans
In Australia, the intersection of post-military life challenges and lenient gambling regulations has created a troubling scenario for veterans, escalating concerns over suicide risk. Ex-Military Personnel Face High Suicide Risk and Troubling Gambling Links Globally, suicide remains a daunting public health issue, with intentional self-harm accounting for a significant portion of premature deaths. This is […]
Legal
August 25, 2023
VGCCC Hands a $350,000 Fine to ALH over YourPlay Violations
The Victorian Gambling and Casino Control Commission (VGCCC) announced that it issued an AUD 550,000 ($353,540 in USD) fine to the Australian Leisure and Hospitality Group (ALH). According to the regulator, the gambling company had operated 220 gaming machines without mandatory pre-commitment technology (YourPlay) installed, violating Victoria’s gambling laws. In addition to paying the fine, […]
Sports
August 25, 2023
Entain’s Australian Arm Implements Substantial Job Cuts Across Departments
In response to shifting consumer spending patterns and a need for operational adjustments, Entain, the prominent operator behind well-known brands like Ladbrokes and Neds, has taken a strategic step by cutting a significant portion of its Australian workforce. Entain Responds to Challenges with Workforce Reductions Over 50 positions have been eliminated from Entain’s Australian arm […]
Business
August 24, 2023
Tabcorp Financial Juggernaut Delivers, Beats FY23 Forecasts
This strategy has resulted in strong results for the full year ended on June 30, 2023, the company’s FY23, which resulted in AU$66.5 million profit across the group. This news comes at a time when sports betting regulation is about to become tighter in Australia, where the company is based. Tabcorp Swings from Loss to […]
Industry
August 23, 2023
ACMA Asks ISPs to Ban More Illegal Offshore Gambling Websites
Several years ago, Australia implemented tough rules against illegal offshore gambling websites. Since then, the country’s regulatory body responsible for the regulation of telecommunications, broadcasting and radiocommunications, the Australian Communications and Media Authority (ACMA), has been constantly monitoring the online gambling sector and enforcing bans against operators that were found to offer their services illegally. […]
Industry
August 17, 2023
University of Sydney Criticized over Investments from the Gambling Industry
The gambling industry’s backing of the University of Sydney’s new Centre of Excellence in Gambling Research doesn’t sit well with industry critics, who believe that the tie-up is a recipe for a conflict of interests. The university recently unveiled its new multi-disciplinary center, which is tasked with advancing research on gambling behavior and minimizing harm. […]
Industry
August 17, 2023
Liquor & Gaming NSW Cracks Down on Illegal Gambling Advertising
Liquor & Gaming NSW (L&GNSW) maintains its steadfast commitment to curbing illegal gambling advertising, dishing out fines exceeding $1.1 million to online bookmakers since 2016. The regulator’s actions highlight its ceaseless vigilance and commitment to protecting player interests. L&GNSW’s constant updates allow it to stay ahead of industry innovations and curb problem practices. Violators Face […]
Industry
August 15, 2023
Dabble Inks Partnership with Primer to Expand Current Banking Options
Australian-based social betting platform Dabble has announced a fresh partnership with Primer, the pioneer payment orchestration and commerce automation infrastructure on the globe. The news comes in the context of the Australian government’s decision to start regulating the use of credit cards on sports wagers online, an announcement that automatically initiated operators’ shift to […]
Industry
August 15, 2023
Online Dataset Kept Track of Habitual Gamblers
A new discovery provides insight into how advertising agencies keep track of habitual gamblers for marketing purposes. While not illegal, the bombardment of players with ads is generally frowned upon and a principal reason for the country’s proposed ban on ads. As reported by The Guardian, an online database on Xandr, a Microsoft-owned advertising tech […]
