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Industry
July 8, 2025
New Report Argues $14.1B Societal Impact from Gambling
The Victorian State Government has issued a new report in which it tried to empirically define the societal harm incurred because of the gambling industry in the current regulatory framework. Victoria’s New Study Highlights Economic Costs of Gambling Harm According to the study, which was funded by the Victorian Responsible Gambling Foundation (VRGF) and involved […]
Legal
July 7, 2025
Former SkyCity Executives Sued Over AUSTRAC Penalty
Eight former senior executives of SkyCity Entertainment Group are being sued by a shareholder seeking to recover the AU$67 million ($43.56 million USD) penalty the casino operator paid for failing anti-money laundering obligations. SkyCity Execs Sued Over AUSTRAC Fine Stephen Wright, the shareholder pursuing the legal action, has filed an application with the New South […]
Business
July 7, 2025
The Star Entertainment’s DBC Exit HoA Deadline Extended to July 31
Australian gaming and hospitality giant The Star Entertainment Group Limited has published an Australian Stock Exchange (ASX) update on its planned Destination Brisbane Consortium (DBC) exit. According to the company, it has reached an agreement with its joint venture partners, Chow Tai Fook Enterprises Limited and Far East Consortium International Limited, to extend the termination […]
Industry
July 7, 2025
Australian Doctors Want Influencers to Stop Glamorizing Pokies
Physicians in Australia have called on lawmakers to act decisively and restrict social media content that is pushed onto citizens by influencers and that specifically puts poker machines on a pedestal, suggesting that they are risk-free and safe to play by anyone. Gambling Ads in Australia Are Getting Out of Hand This is misleading, Australian […]
Business
July 7, 2025
Canadian Regulators Greenlight MIXI’s Takeover of PointsBet
MIXI Australia, the Australian arm of Japanese tech giant MIXI, has advanced its backup acquisition bid for sports betting powerhouse PointsBet. While the latter company’s shareholders failed to conclusively approve a previous arrangement, MIXI has proceeded with an off-market takeover and has secured additional regulatory approvals. The Battle for PointsBet Rages on PointsBet has been […]
Casino
July 7, 2025
Star Brisbane Workers Walk Out Due to Pay Fight and Financial Concerns
Employees at The Star Brisbane casino quit work for two hours on Friday, escalating their pay and job conditions fight as the troubled casino company faces bigger financial problems. Star Brisbane Employees Walk Out During Friday Rush, Citing ‘Unfair’ Pay Offer Workers from many areas, like gaming, food service, and cleaning, left their jobs from […]
Business
June 30, 2025
Star Entertainment’s DBC Exit in Peril as Partners Seek to Terminate the Arrangement
The Star Entertainment Group has published an update related to its earlier decision to exit its equity interest in Destination Brisbane Consortium (DBC). The company noted that since the conditions of its binding heads of agreement (HoA) were not met, its joint venture partners have submitted a notice to terminate the arrangement. The Star’s Partners […]
Casino
June 30, 2025
Escalante Makes Last $3.2B Bid for Complete VGW Ownership
Australian billionaire Laurence Escalante has taken a bold step to gain full ownership of Virtual Gaming Worlds (VGW), stating that his $3.2 billion offer is his ultimate and best proposal. Through his private investment company Lance East Office, he aims to buy the remaining 30% stake from minority shareholders at $5.05 per share. Federal Court […]
Industry
June 27, 2025
Gambling Harm Costs Victoria, Australia, Over $9B
A recent report from the Alliance for Gambling Reform estimates that gambling-related harm has cost residents of Victoria, Australia, over $9 billion USD (AUD $14 billion) in the 2022–23 financial year. Reports Show How Much Gambling Costs the State of Victoria The report, drawing on population surveys from 2022–23, estimates that gambling harm cost Victorians […]
Business
June 26, 2025
MIXI Proposal Fails as PointsBet Admits Technical Mistake Distorted Vote
PointsBet has come forward to confirm that a technical mistake had skewed the results of its recent shareholder vote for the company’s acquisition by Japanese tech firm MIXI. After re-evaluating the results, it turns out that the deal will not pass after all, to the relief of Betr Entertainment. System Error Excluded Betr’s Vote Betr […]
