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Legal
August 14, 2023
SkyCity Sets Aside $29.2M for Upcoming AUSTRAC Penalty
Casino and hospitality company SkyCity Entertainment has set aside AUD 45 million (around USD 29.24 million, current conversion rates) for a potential penalty. The operator expects to be hit by a fine because of its recent anti-money laundering (AML) and combating the financing of terrorism (CTF) breaches. SkyCity admitted that it is currently available to […]
Business
August 11, 2023
Tabcorp and Sportsbet Extend Sky Racing Rights Deal by 10 Years
Tabcorp, an Australian gambling giant, has unveiled an extension to its digital content agreement with the Flutter-owned gambling company Sportsbet. Under the agreement, Sportsbet will be allowed to broadcast Sky Racing 1 and Sky Racing 2 live on its betting application and official website. Sky will serve as the exclusive provider of the deal. As […]
Business
August 11, 2023
Star Entertainment Strikes Tax Relief Deal in NSW
Earlier this year, Star Entertainment Group, an Australian casino and hospitality company, had to slash hundreds of jobs and executive bonuses to deal with the underperformance of its properties and the tax hike in New South Wales. However, the company has now managed to reach a concession on casino duty rates with the NSW government […]
Sports
August 11, 2023
Sportsbet Increases Marketing Spending in H1 2023 in Australia
The figures correspond to the first half of the year, with Sportsbet deciding to invest more copiously into its promotional and marketing operations as the brand is also anticipating a complete ban on such promotions in future. Pulling the Plug on Gambling Ads in Australia This “last hurrah” as some have dubbed it is an […]
Industry
August 7, 2023
Investigation Urged as NSW Premier Reacts to Tipping-off Allegations
This revelation has sparked outrage and calls for a thorough investigation by Australia’s New South Wales (NSW) Premier Chris Minns. Alleged Tipping-off of Clubs Sparks Doubts Over Regulatory Credibility Documents presented in the NSW parliament last Friday have uncovered the troubling practice, leading to concerns about the credibility of the regulatory body, reported ABC. These […]
Sports
August 4, 2023
Gambling Regulator in Victoria Bans Bets on Sports with Minors
The gambling regulator in Victoria, Australia, the Victorian Gambling and Casino Control Commission (VGCCC), announced it implemented a major change affecting betting on sports with the participation of minors. On Thursday, the gambling watchdog unveiled that it will prohibit the offering of betting on all under 19 sports competitions. Additionally, the VGCCC said that it […]
Legal
August 2, 2023
Brisbane Court Issues $92K Fine against The Star
The leading Australian casino operator, The Star, was hit with a hefty fine over breaches of the gambling regulation dating as far back as 2017. On Wednesday, the Brisbane Magistrates Court sentenced the company to pay a fine of AU$140,000 ($92,100) along with court costs of AU$3,250 ($2,100). The court heard that the company had […]
Business
August 2, 2023
IGT Confirms Plans to Showcase Products at Upcoming AGE
The global gaming company powering operators within the lottery, betting and online gambling sector, International Game Technology (IGT), confirmed earlier this week that it will showcase its latest games, services, systems and cabinets at the upcoming 2023 Australasian Gaming Expo (AGE). As one of the most-anticipated events for the gambling industry in the region, the […]
Industry
August 2, 2023
NSW Gambling Watchdog Reportedly Withholds Documents over ML Probe
In an effort to help reduce money laundering and other financial crimes, the NSW government unveiled a cashless gaming trial for pubs and clubs. The trial seeks to estimate the impact and effectiveness of the cashless gaming technology and determine whether or not it should be implemented as a mandatory requirement for poker machines, also […]
Industry
July 31, 2023
Australia: Accountant Uses Clients’ Money to Fund Gambling Addiction
Gambling addiction can often lead to significant debt and sometimes push some to commit financial crimes. But when money is involved, especially nowadays, it is difficult to conceal such crimes. Now, a new report suggests that a former accountant in Australia used his clients’ money to fuel a gambling addiction, a crime that he is […]
