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Legal
February 10, 2025
ASIC’s Trial Against Former Star Entertainment Leaders Commences
Former leaders of Australian casino and hospitality giant Star Entertainment Group appeared in court for a hearing related to past regulatory violations. The company, which is currently facing financial and regulatory headwinds, found itself in hot water when regulators uncovered concerning instances of non-compliance. Star Entertainment Failed to Manage Risk at Its Properties On Monday, […]
Lottery
February 7, 2025
Single Ticket Wins Massive AU$60M Powerball Jackpot
The winner of a massive Powerball jackpot in Australia nearly missed his chance for the prize after almost forgetting to buy a ticket. That’s the case of a Bribie Island man, who scored the mind-blowing AU$60 million ($37.7 million) Powerball prize on Thursday night. The Lottery Player Nearly Missed the Life-Changing Prize The Queensland resident […]
Industry
February 5, 2025
Western Australia Tightens Gaming Laws in Effort to Modernize Regulation
Western Australia has moved to tighten its gaming regulations, introducing harsher penalties for violators. The reform seeks to enforce rules that serve as deterrents, preventing entities from committing breaches. Western Australia Modernizes Regulation The Cook Government announced that it has bolstered enforcement powers and penalties in an attempt to keep gambling operators in check and […]
Business
February 5, 2025
BlueBet Acquires TopSport Via Binding Asset Agreement
ASX-listed global online wagering provider and sportsbook BlueBet has officially announced its acquisition of TopSport through a binding asset sale agreement. This news marks a significant move expected to strengthen BlueBet’s position in the Australian wagering market. At the end of August 2024, BlueBet announced its plan to exit the U.S. market and exclusively focus […]
Lottery
February 5, 2025
Aussie Woman Wins $100M Oz Lotto Jackpot, Says She’s Done Working
A New South Wales, Australia resident, was about to fall asleep when she saw she had several missed calls. Her phone rang once again and when she picked it up, she was shocked to realize that she had just won Tuesday night’s Oz Lotto draw for a mind-blowing prize of AU$100 million ($62.8 million). Single […]
Business
February 5, 2025
Blackstone Could Wait for Star to Be Placed Under Administration
Blackstone, a major alternative asset manager with over $1 trillion in assets under management, is reportedly eyeing ASX-listed group that owns and operates The Star Sydney, The Star Gold Coast, and Treasury Brisbane, Star Entertainment. Different Approach Instead of making a regular move, the NYSE-listed company that serves institutional and individual investors and has deep […]
Industry
February 4, 2025
Australia: Gambling and Alcohol Firms Donated $1.5M to Politics
A new report by the Australian Electoral Commission (AEC) revealed that alcohol and gambling companies have spent some AUD 2.5 million on political donations during the 2023-2024 fiscal year alone. This was critiqued by the Foundation for Alcohol Research and Education (FARE) and the Alliance for Gambling Reform (AGR), who said that these efforts jeopardize […]
Industry
January 30, 2025
Australia: Hellenic Club Hit With $1.2M Fine After Gambler’s Suicide
Relatives of a problem gambler who took his own life raised a complaint with the gambling regulator in the Australian Capital Territory (ACT), the ACT Gambling and Racing Commission. Subsequently, the regulatory body enforced a fine of more than a million dollars against an operator who breached the territory’s gambling regulations. Problem Gambler Loses Thousands […]
Industry
January 30, 2025
Drake Breaks Curse, Wins AU$700K at Crown Melbourne
Besides being a world-famous rapper, singer and actor, Drake is also a well-known high-stakes gambler. While some may be wondering if Drake is gambling too much, others are fascinated by his bold wagers, often betting hundreds of thousands of dollars at a time. Now, Drake once again reaffirmed his affinity to gambling. This time, the […]
Business
January 29, 2025
Star Entertainment Divests Non-Core Assets as Search for Liquidity Continues
The Star Entertainment Group announced that it selling non-core assets as the group desperately seeks to secure its financial position. Star Sydney to Divest Its Event Center In a release submitted to the ASX, the Australian casino and hospitality company confirmed that its New South Wales-facing branch, The Star Entertainment Sydney Properties, has secured agreements […]
