Australian casino operator Crown Resorts announced conditions for the proposed buyout of outstanding shares by Blackstone Group have been modified to include safeguard against possible loss of operating licenses before the deal is complete. Regulatory Approval Condition Last month, the private equity giant which already holds a 9.99% stake at Crown Resorts acquired from Melco […]
Poker machines in the Northern Territory led to record-high losses once venues were allowed to reopen in July 2020. Northern Territory Poker Machines Drive Player Losses Gamblers were spending a pretty penny on poker machines in the Northern Territory in 2020, with consumers looking back for a quick re-entry in gambling clubs, casinos, and hotels. It all […]
Once a reining giant in Australia’s casino market, Crown Resorts has found itself spiraling downward the past couple of years. The casino operator has acknowledged it made a series of missteps, including not preventing money laundering at its properties, and is facing scrutiny across the country. As the saga continues to unfold, Crown’s board has […]
The surge in online gambling in Australia during the pandemic has provoked concerns related to sports betting ads and their effect on players. Foreign Operators in Australia with Enormous Gains During Covid-19 Foreign-owned corporate bookmakers have emerged as winners during the Covid-19 pandemic with an enormous increase in market value, which has put the issue […]
Police and tournament organizers have arrested Australian Counter-Strike players for match-fixing and illicit betting. The situation is so serious that the FBI is now interested in cleaning up North America, too. Esports Integrity Commission is working with law enforcement to tackle the situation. Match-Fixing among Counter-strike Players The information was revealed in a recent YouTube […]
Australian clubs Sydney Swans and Macarthur FC have joined the Reclaim the Game initiative to ban betting ads and protect fans from gambling risks. Reclaim the Game Awareness Campaign New South Wales sports fans will soon be able to watch games without seeing betting ads. The state’s Office of Responsible Gambling has teamed up with […]
Australia may soon welcome a new qualified sports media outlet, with The Athletic already having set-up operations in the country in mid-January 2021. The Athletic May Look to Expand in Australia The Athletic is potentially looking to scale operations in Australia, bringing quality sports journalism to one of the most vibrant betting and sports markets out […]
After a month to consider, Tabcorp has turned down a $3bn bid by Entain for the company’s wagering and media division, arguing that the bidder has underestimated the company’s actual value. Tabcorp Says No to $3bn Entain Bid Tabcorp has formally rejected a $3 billion bid by Entain this morning and has launched a broad strategic review […]
NSW’s gambling regulator boss, Philip Crawford, has said that Blackstone will face extensive regulatory scrutiny in its bid for Crown Resorts. Blackstone to Face Regulatory Scrutiny Blackstone’s $8 billion takeover bid for Crown Resorts should be coming to a successful close as the investor seems hell-bent on making this one work. Yet, challenges abound. The newest one comes from […]
A local court in Sydney convicted and fined the country’s largest online sports betting operator Sportsbet for breaching the prohibition on offering inducements to gamble after a full-page ad from the company appeared in the Daily Telegraph in June last year. Inducements to Gamble Prohibition Breach Flutter-owned Sportsbet was ordered last Monday by Magistrate Megan […]
