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Sports
October 2, 2024
TexBet Slapped with AU$33,000 Fine in NSW
The Liquor & Gaming NSW took issue with O’Shea Bookmaking, known to the wider audience as TexBet, its trade name, in one instance where the company had accepted bets from a player who was trying to close their account. Liquor & Gaming NSW Brings Operator to Heel over Promotion The case was viewed at Downing […]
Industry
September 30, 2024
Tim Costello Criticizes NRL, AFL for Ignoring Problem Gambling
Gambling is recognized as a serious public health issue in Australia. The scale of the issue is evident, especially considering the annual losses to gambling hit AU$32 billion ($21.6 billion) based on data supplied by the Queensland Government Statistician’s Office. In that line of thought, meaningful changes are long overdue, and the time has come […]
Casino
September 27, 2024
Star Entertainment Navigates Choppy Financial Seas with Creditors
As losses loom and the company steps into the new financial year on shaky ground, Star Entertainment has been able to negotiate an AU$200 million (138.9 million) credit that will be drawn in October and December, in separate tranches. Star Is Walking a Thin Financial Rope and Aid Is Direly Needed Creditors have shown a […]
Industry
September 23, 2024
Tasmanians’ Pokie Machine Losses Surpass $1bn Since 2018
The losses to gambling activities amount to hundreds of millions of dollars across Australia monthly. Piling up, the losses are in the billions on an annual basis with Australians recognized as the world’s biggest losers. Gambling Losses in Tasmania Pile Up But it is not only the popularity of gambling that results in high losses. […]
Sports
September 20, 2024
Tabcorp Announces Chairman Akhurst’s Departure Amid Financial Struggles
Tabcorp Holdings has made it known that Bruce Akhurst, its chairman, will leave his position after the company’s Annual General Meeting in October 2024. Akhurst has been the chairman since Tabcorp split from The Lottery Corporation in 2021. Tabcorp Reports Huge Net Loss and 57% Drop in Stock Price Akhurst’s exit comes after a tough […]
Industry
September 16, 2024
Australia’s Annual Losses to Gambling Grow, Hit AU$32bn
Despite concerns about the detrimental impact of gambling activities on people across Australia, significant changes to the sector are still being discussed. Last year, a report into the country’s gambling sector made nearly three dozen recommendations that can help reduce problem gambling and harm, while decreasing the billions of Australian dollars lost to gambling every […]
Casino
September 13, 2024
Star Entertainment Faces Pressure to Address Major Compliance Failures
Star Entertainment Group is under heavy pressure from regulators about its main Sydney casino. The New South Wales Independent Casino Commission (NICC) has given the company 14 days to come up with a plan, reported Bloomberg. This plan needs to show how Star will fix its money and operational problems. This comes after a harsh […]
Lottery
September 10, 2024
NSW Lottery Player Buys a Ticket Out of the Blue, Wins AU$2.5M
An incredibly fortunate player from New South Wales, Australia will purchase a brand-new car for his parents after scoring a multi-million-dollar win from Saturday Lotto. The man, whose name was not disclosed, visited the lottery headquarters to claim his prize recently. Saturday Lotto Draw 4499 Produces a Total of Eight Winning Entries The win came […]
Casino
September 10, 2024
The Star Sells Iconic Treasury Building Amid Financial Struggles
The Star Entertainment Group has sold its leasehold interest in Brisbane’s historic Treasury Building to Griffith University. This AUD67.5 million ($45 million) agreement signals a big change for The Star and the university. The casino company aims to raise much-needed money, while Griffith University plans to turn the landmark into a major place of learning. […]
Industry
September 6, 2024
Australians Reluctant to Roll in Cashless Gaming Trial
Australians are said to be losing calamitous amounts on poker machines, and something clearly should be done. No one can quite put their finger on what that something looks like, but a barrage of responsible gambling measures has been launched. Cashless Gambling Trial Fumbled in Australia Some, such as a national self-exclusion program and a […]
