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Industry
March 23, 2023
Fineff’s Testimony Sparks Calls for Stricter Gambling Regulation in Australia
The Guardian reported that the case of Gavin Fineff, a former financial advisor who lost more than AUD8 million ($5.4 million) to sports betting companies, has brought the issue to the forefront once again. Speaking to federal politicians in Canberra, Fineff urged them to take radical action to prevent others from falling into the same […]
Business
March 23, 2023
Ainsworth Game Technology Appoints Haig Asenbauer as Non-Executive Director
Haig Asenbauer, who is a lawyer by profession and works as a partner at Asenbauer Rechtsanwaelte GmbH in Vienna, Austria, is also present with Novomatic AG, where he serves as deputy chair. Asenbauer Brings Value and Expertise to Ainsworth at Time of Growth Novomatic currently owns 52% of Ainsworth’s stock, which it acquired back in […]
Business
March 22, 2023
Star Entertainment Appoints David Foster as Chairman amidst Ongoing Difficulties
The company is experiencing significant hardships after losing its New South Wales and Queensland licenses, owing hundreds of millions in fines and facing several class action lawsuits. Foster’s appointment is part of an ongoing process to remedy the company’s shortcomings, ensure compliance and contest unjust allegations. The new chairman remains optimistic regarding the company’s future […]
Legal
March 20, 2023
The Star Confesses Sale of Gambling Chips with Credit Cards
A probe into Star Entertainment’s operations last year uncovered deficiencies and alleged ties to criminal activities such as money laundering. The investigation, led by Adam Bell SC, which became popular as the Bell Review, sought to determine the eligibility of The Star to hold a license. In light of this, the NSW Independent Casino Control […]
Industry
March 20, 2023
ACT Ready to Act on Its Own Against Gambling Ads on TV and Radio
ACT attorney general Shane Rattenbury has confirmed that should the federal government fail to reach a satisfactory decision on gambling ads in sports, the territory may be forced to act on its own and address ads which Rattenbury has described as both “pernicious” and “insidious.” Gambling Ads Gets in ACT’s Hair These remarks come against […]
Casino
March 17, 2023
Western Australia Wants to See Betting and Time Limits at Crown Perth
In a report by Asgam, the Royal Commission has deemed it appropriate to put forward for discussion a ream of proposals that would make Crown Perth more secure and less likely to commit offenses in the future. Royal Commission Takes Good Look at EGMs Among those recommendations is a suggestion to put a mandatory AU$10 […]
Casino
March 17, 2023
AFL Boss Heeds Concerns about Oversaturation of Gambling Content
This concern has finally made it to the very top of the organizaiton, with the AFL chief executive, Gillon McLachlan, acknowledging that there seem to be too many gambling ads currently permeating the sport. AFL Boss Suggests Organization Doubling Down on Gambling Restrictions His remarks come at a time when there has been growing opposition […]
Sports
March 16, 2023
AFL to Keep Gambling Ads despite Public Outcry
Australia’s highly competitive online gambling market means that operators are investing increasingly more into marketing to the chagrin of fans. A recent survey determined that most AFL viewers were quickly becoming fed up with the increased number of ads, with the majority in favor of a complete advertising ban. The League’s refusal to self-regulate also […]
Business
March 16, 2023
Light & Wonder Mulls Second Listing in Australia
The company could take its shares to the Australian Securities Exchange (ASX) as it debates raising additional capital and signal strength to investors globally. This is not the first time the news that Light & Wonder may be considering launching a secondary listing has surfaced. Light & Wonder Considers Creating More Shareholder Value Back in […]
Industry
March 15, 2023
ACMA Asks ISPs to Block More Offshore Operators and Affiliates
The Australian Communications and Media Authority (ACMA) announced that it has requested the blocks of several more illegal offshore gambling websites and affiliate marketing websites. The regulatory body contacted Internet service providers in Australia, asking them to block access to the domains in question. The new ban wave saw the ACMA request the bans of […]
