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Industry
March 27, 2024
Melbourne Accountant Jailed Over Fraudulent Transactions
A 38-year-old accountant from Melbourne has been sentenced to six years in prison over a total of 239 fraudulent transactions that involved several popular musicians and restaurateurs in Australia. Over $2 Million Transferred From Clients’ Accounts The accountant was a partner and business manager at White Sky when he started transferring money that should have […]
Casino
March 26, 2024
Crown Resorts’ Melbourne Property Fit to Hold License
Two years after Crown Resorts’ Melbourne property came under government review, and following the acquisition by Blackstone Group, the flagship casino has been deemed fit to retain its license and continue to operate, overcoming a difficult regulatory spell that necessitated strict government supervision because of breach of anti-money laundering laws. VGCCC Pleased with Progress and […]
Industry
March 20, 2024
ACMA Continues to Block Illegal Online Gambling Websites
Currently, the Australian Communications and Media Authority (ACMA), the country’s regulatory body in charge of the regulation of communications, radiocommunications and broadcasting, oversees the offering of gambling online. As a proactive measure, the Authority often enforces bans against operators who do not hold an Australian license, asking internet service providers (ISPs) to block access to […]
Industry
March 19, 2024
Significant Reforms Planned for NT Gambling Laws
The growing popularity of online gambling activities resulted in the need for improvements and changes to the existing regulations in a number of countries across the globe. Australia, a country where gambling is identified as a serious public health issue, has identified the need to overhaul its gambling laws. Yet, those crucial changes are in […]
Business
March 14, 2024
Tabcorp Confirms Immediate Resignation of MD and CEO Rytenskild
Earlier this week, Adam Rytenskild, the CEO and managing director (MD) of Tabcorp Holdings Limited (Tabcorp), the largest gambling company in Australia, participated in the Regulating the Game conference in Sydney. At the time, the executive spoke against ineffective regulations that are impacting the gambling industry in the country. In an unexpected turn of events, […]
Industry
March 7, 2024
Australia: NT Government Plans Changes to Gambling Regulations
Currently, gambling is identified as a serious public health issue across Australia. Each month, hundreds of millions of Australian dollars are lost to gambling, making the yearly losses billions. While gambling is widely spread across the country, the government anticipates changes to the vertical that seek to curb problem and excessive gambling and restrict losses […]
Sports
March 1, 2024
Sports Betting Companies Drift Apart in Australia as Rules Tightening Looms
Ladbrokes and Neds, Entain companies, are said to be leaving the Responsible Wagering Australia (RWA) group in the coming months, as the parent company prefers to operate alone. RWA a United Front or Frenemies Lobbying efforts to stall or placate gung-ho lawmakers have fallen flat with Australia seeking to introduce a blanket ban on gambling […]
Sports
February 28, 2024
Loophole Enables Australian EPL Fans to See Banned Ads
Australia’s Interactive Gambling Act strictly forbids offshore gambling companies from offering bets and advertising their services to residents. However, there is a loophole. The Act exempts “accidental or incidental accompaniment to the publication of other matter” from these prohibitions. In other words, if a gambling ad is accidental or if it accompanies content that is […]
Industry
February 19, 2024
The Star Entertainment Faces Bell Two Investigation
The Star Entertainment Group, Australia’s iconic ASX-listed group that owns and operates The Star Sydney, The Star Gold Coast, and Treasury Brisbane has announced it faces a second inquiry into its suitability to hold on to a casino license. At the moment, the group has six critical months to prove that it is capable of […]
Industry
February 16, 2024
Police Bust Illegal Gambling Dens Allegedly Run by Crown Staff
Two 2023 police raids at Mt Lawley and Cloverdale gambling dens helped authorities seize almost $190,000 in cash, along with gambling cards and chips usually found at Monte Carlo casinos. The two underground locations used for illegal gambling were allegedly run by a number of Crown Casino workers. The casino chips and blocks of cash […]