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Casino
June 27, 2022
NSW Government Rejects The Star’s Bid for 1,000 New Gaming Machines
The proposal of Australia’s Star Entertainment Group Limited to add another 1,000 gaming machines to its casino The Star Sydney has been rejected by the Government of New South Wales (NSW Government). If it was approved, the move would have boosted the venue’s machines by 67% from 1,500. The Reason for Rejection On June 24, […]
Legal
June 23, 2022
NSW to Create New Casino Regulator, Plans Tough Measures
The Minister for Hospitality and Racing within the NSW Government announced that a new casino regulator will be created as a part of landmark reforms in the sector. NSW to Introduce New Measures for Casino Licensees On Wednesday, Minister Kevin Anderson revealed that the casino sector will face tough new measures. A critical part of […]
Casino
June 23, 2022
Star Sydney Appoints New Hospitality General Managers
The Star Sydney has a clear message to send to Australia’s regulators, which is that it will play by the rules come what may. In continuing to adjust its executive lineup, the property has appointed two new general managers who will be in charge of operations in New South Wales. Hospitality Front and Center at […]
Casino
June 22, 2022
Crown Sydney Casino Granted Conditional License, Will Open Soon
Crown Entertainment has been in the news quite a lot in the past 2 years and now is one of the few times it’s been for a positive reason. Crown’s almost 18-month-long limbo nears its end with the ILGA granting it a provisional gaming license for the Sydney casino. Provisional License Temporary, Opening Date TBD […]
Sports
June 21, 2022
The PGA Tour Adds bet365 as Its Official Betting Operator
Online gambling business bet365 teamed with The PGA TOUR in a three-year marketing deal to become the series’ first Official Betting Operator (OBO) outside of North America. First OBO Outside of North America The online gambling group headquartered in Stoke-on-Trent in the UK will serve as the exclusive source of odds on both leaderboards and […]
Industry
June 21, 2022
BMM Testlabs Announces Exciting VP Promotions Down Under
Leading game testing lab BMM Testlabs has announced the appointment of two of its Australian executives to vice presidents positions. Thiru Nadesapillai has been promoted to vice president of service delivery, EGMs, while Kethish Namasivayam will be the new vice president of service delivery, systems. The Appointments Came Naturally BMM’s executive vice president for Asia-Pacific […]
Industry
June 21, 2022
NSW Changes the Point of Consumption Tax
The government of New South Wales has announced a 5% increase to the Point of Consumption tax on corporate sportsbooks. With this development, the POCT will rise from 10% to 15% and the new rules will be effective on July 1, 2022. Tax Revenue Is Set to Increase by Over $500 Million NSW’s tax increase […]
Industry
June 21, 2022
Australia in Danger of Being Placed on FATF Grey List in 2025
Australian gambling industry received a warning from the country’s financial intelligence agency, AUSTRAC, it has been in its crosshairs for a while and need to do more to raise money laundering standards. Money Laundering Investigation and Prosecution The warning was issued by AUSTRAC’s chief executive officer Nicole Rose who spoke at a conference organized by […]
Business
June 20, 2022
SIG Sports Purchases 12.8% Of PointsBet
PointsBet has landed an AU$94.2 million ($65.75 million) investment from Sports Investment Corp. With this development, SIG Sports has agreed to purchase 38.75 million shares from PointsBet at a price of AU$2.43 ($1.7) and thus, gain a 12.8% stake in the company. The deal comes just a week after PointsBet turned down an acquisition offer […]
Sports
June 20, 2022
Netball Australia Strapped for Cash, Gambling Ads Possible Solution
Struggling with a reported debt and loss of around $11 million, the Australian Netball league might turn to more non-sporting commercial opportunities, including starting to accept gambling advertisements and sponsorships. Bad Financials Grow, Gambling Ads Might Help It’s been six years since the split in Trans-Tasman Netball League, aka the ANZ Championship, which gave birth […]
