Casino
August 26, 2022
Crown Sidney CEO to Resign, Blackstone Will Appoint a Replacement Soon
Crown Sidney has confirmed that its CEO, Simon McGrath, will depart the company amid the Blackstone takeover. Australian media outlets report that his resignation will be effective in September and the Australian Financial Review reported that Blackstone will announce his replacement soon. The Next CEO is Likely to Come from Macau Australian Financial Review also […]
Industry
August 26, 2022
SkyCity Entertainment’s FY 2022 Revenue Dropped by 32.9%
New Zealand casino operator SkyCity Entertainment Group released today its financial results for the fiscal year 2022 revealing the impact of the near three-month-long closure of its flagship Auckland property. Revenue Decrease Attributed to Property Closures For the 12 months ended June 30, 2022, SkyCity Entertainment Group generated NZ$639 million ($397 million) in revenue to […]
Industry
August 25, 2022
ABC Radio Bids farewell to Johnson over Betting Clause
Former Australian cricket player awarded with a large number of national and global decorations Mitchell Johnson has bid farewell to his cricket commentator position at ABC Radio. Johnson’s transfer to ABC Radio occurred after fellow ABC commentator and former Test captain Ian Chappell retired a few seasons ago. This weekend, Johnson was supposed to once […]
Casino
August 25, 2022
Star Entertainment Covered Up Chinese Transactions Worth $55M
The Star Entertainment’s troubles still persist as the public hearing into the group’s casino operations continues. It has been revealed that the group hid away $55 million wagered by Chinese residents through banned transactions from a Chinese bank. Star Entertainment Changed Payment Policy in 2016 to Allow Banned Chinese Transactions The Canberra Times reported that […]
Legal
August 24, 2022
Star Queensland Third Hearing Day, More Damning Revelations Surface
The inquiry into Star’s Queensland establishment – The Star Gold Coast – is being very productive, with the storyline, unfortunately, mimicking that of The Star Sydney. Multiple breaches and downright illegalities have surfaced from the second review into Star’s operations and today’s story is about expensive gifts to players banned from playing in attempts to […]
Business
August 24, 2022
Tabcorp Releases FY2022 Report, Continuing Revenue Is Down 4.3%
Tabcorp has released its FY2022 report which states that the company’s continuing revenue reached AU$2.37 billion ($1.64 billion), which is a 4.3% decline compared to FY2021. According to the report, the results were heavily impacted by COVID-19, which caused the retail properties of the company in New South Wales and Victoria to close in the […]
Industry
August 24, 2022
Gambling Companies Won’t Get Relief in Queensland Tax Hike
Queensland is unlikely to show leniency in the way it taxes resources and gambling companies in the state. BHP chief executive, Mike Henry, cautioned that the mining giant may need to temporarily pause its plans to launch the Blackwater South coalmine as a newly proposed tax regime may undermine its feasibility. This, though, has not […]
Legal
August 23, 2022
Star Queensland Promoted Products to High-Risk Players
It turns out the drama surrounding the Australian casino giant Star Entertainment Group is not over yet. According to an ongoing inquiry into the operator’s business in Queensland, Star actively marketed its products to high-risk gamblers. Star Incentivized High-Risk Gamblers to Play Star was recently involved in other scandals in New South Wales where investigators […]
Legal
August 23, 2022
ABC Investigations Questions Queen’s Wharf Brisbane Probity Checks
The Queensland probe into Star Entertainment’s casino operations in the state started earlier today and it’s looking into, among other things, the state government’s backing of the Queen’s Wharf Brisbane project by Star, which carries a price tag of AU$3.6 billion ($2.50 billion) and was approved despite the group’s suspected links to various criminal organizations […]
Blockchain
August 23, 2022
Australian Sports Betting Regulator Seeks Input on Crypto
Australia’s Northern Territory Racing Commission, a sports betting regulator which oversees the licensing platform for interactive and land-based wagering operators in the country, is now putting in requests for public consultation on the use of cryptocurrencies as a viable payment method in the industry. Cryptocurrencies Explored as Viable Payment Option As cryptocurrency use becomes more […]
