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Casino
June 9, 2022
Crown Resorts CEO to Make Sydney a Casino Industry Benchmark
Crown Resorts is awaiting a verdict that could leave it short of a license in New South Wales, but while anticipation builds up company chief executive officer Steve McCann feels optimistic about the future and the role Crown Sydney can play in establishing a new benchmark for casino operators anywhere in Australia. Crown CEO Hopeful […]
Industry
June 6, 2022
New South Wales Discusses Gaming Law Changes
The government of New South Wales (NSW) has announced that it wants to amend two gambling regulations, which are set to expire in September 2022. In its official report, the government noted that the amendments will be made by the end of this year. Individuals and Shareholders Will Be Able to State Their Opinions Until […]
Legal
June 6, 2022
NSW Proposing Regulatory Amendments Ahead of Statutory Review
Two key gambling regulations in New South Wales (NSW) are about to expire in September and the Independent Liquor and Gaming Authority (ILGA) is proposing new versions to the industry and the public for comment. In Line with Industry and Public Expectations The two regulations, the Betting and Racing Regulation and Totalizator Regulation, deal with […]
Industry
June 6, 2022
Tabcorp Salutes New Racing Industry Tax Reforms in Queensland, Australia
Tabcorp has ended its three-year legal dispute with Racing Queensland as the operator reached a conditional settlement and it will have to pay AU$150 million ($108.3 million) after the new reforms that were announced by the government of Queensland, Australia. This development comes just days after the company announced several changes in its senior development […]
Blockchain
June 6, 2022
New Report Urges Australians to Beware of Crypto Scams
A new report warns Australians to be wary of scams related to cryptocurrencies as the costs of such scams on retail consumers have been growing. Australians Lost More than $163M to Scams This Year Released by the Australian Competition and Consumer Commission (ACCC), which is the country’s chief competition regulator, the report includes recent data […]
Casino
June 6, 2022
New Job Ads Signal Crown Sydney Casino Might Get License After All
New job ads for casino personnel at Crown’s Sydney venue signal that the venue may be turning a new page officially. Updates and official statements are still upcoming. Job Ads Mean Business The Bergin inquiry into Crown’s operational activities found the Sydney property was “unfit” for a license after it concluded the year-long review process […]
Industry
June 6, 2022
Queensland Changes Gambling Taxes to Support Racing
The Australian state of Queensland will introduce a significant increase to the taxes that corporate sports betting companies pay. This was announced by the state government today. Queensland Levels the Playing Field Queensland’s vision is to change how racing is funded. To that end, a new 5% racing levy will be introduced. This adds to […]
Casino
June 2, 2022
Star in Hot Water over Criminal, Casino, Corporate Law Breach Allegations
Further accusations of illegal behavior leave Star in a difficult position, as serious breaches of multiple laws surface on the second day of SC Naomi Sharp’s submissions. Second Day of Hearings, Three More Laws Allegedly Breached Star Entertainment is under further scrutiny on the second day of Naomi Sharp SC closing submissions at the Bell […]
Business
June 1, 2022
PointsBet Unveils Multiple Leadership Level Changes
PointsBet, the Australian-based sports betting and gaming operator, announced strategic changes to its global leadership team today. The Company Appoints New Group CTO As a part of the changes, Manjit Gombra-Singh, who served as the company’s executive director since October 2020, will hold a non-executive director role, effective as of June 1, 2022. It was […]
Casino
June 1, 2022
Crown Resorts Financial Profile to Remain Fairly Intact by VGCCC Penalty
The close-to-$60 million (AU$80 million) fine that was slapped on Crown Melbourne in Australia is not very likely to have an immediate negative bearing on the property’s financial results. Following the issuance of the penalty by the Victorian Gambling and Casino Control Commission or VGCCC for its acronym, credit rating agency Fitch looked into the […]
