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Business
December 1, 2023
Super Funds in Australia Reevaluate Gambling Stocks Investment
Over the last few years, Australia initiated changes to its gambling industry. This move comes amid growing concerns about more people being affected by problem gambling and punters losing more per capita than any other country. Losses surpassing hundreds of millions of dollars every month result in an estimate of more than AU$20 billion ($13.2 […]
Industry
November 28, 2023
Victoria Inquiry Supports Safeguarding the Public from Gambling Harm
Gambling is identified as a public health issue in Australia, considering that hundreds of millions of dollars are lost to the activity on a monthly basis. The growing popularity of gambling activities pushed lawmakers to take action and attempt to curb the rate of problem gambling and gambling harm by overhauling the existing regulations. Now, […]
Casino
November 22, 2023
Victorian Councils Demand Overhaul of Poker Machine Tax Scheme
A coalition of Victorian councils is urging the state government to overhaul a tax minimization scheme for poker machine venues, asserting that the current system allows venues to exaggerate their community benefits. Victorian Clubs Divert Tax Break Community Funds for Self-Gain The councils are particularly concerned about venues pledging additional payments to communities as part […]
Industry
November 20, 2023
Australia’s Gambling Industry Impacts Politics, Report
Gambling is identified as a public health risk in Australia, considering that hundreds of millions are lost to the activity on a monthly basis. The losses to gambling on a yearly basis are in billions, a warning sign that many people are affected by the activity and may suffer from at-risk or problem gambling. Before […]
Industry
November 1, 2023
Seven Network Disobeys Online Advertising Rules, says ACMA
The probe of the Authority uncovered that Seven West Media’s Seven Network Operations Ltd (Seven) has failed to comply with the country’s gambling advertising regulations. Not the First Breach On December 12, 2022, Seven aired a gambling ad outside the officially established times allowed during live sports broadcasts on its streaming service. The respective ad […]
Business
October 31, 2023
SBS Revolutionizes Ad Viewing, Allowing Viewers to Block Gambling Ads
SBS, Australia’s renowned broadcasting network, has unveiled a revolutionary feature on its On-Demand TV app. Starting early next year, viewers will have the power to curate their ad experiences, allowing them to opt out of specific advertising categories. SBS Revolutionizes Ad Viewing, Puts Power in Viewers’ Hands SBS Managing Director, James Taylor, revealed that viewers […]
Sports
October 30, 2023
National Rugby League Clubs Prop Up for Gambling Ad Ban
A number of clubs part of the professional rugby league competition in Australasia, the National Rugby League (NRL), are getting ready for some big, up-and-coming changes in the industry. Namely, the clubs that represent New South Wales, Queensland, Victoria, the Australian Capital Territory, and New Zealand, may have to face a very costly ban on […]
Industry
October 27, 2023
Federal Police in Australia Busts Massive Money Laundering Operation
A massive investigation against money laundering in Australia resulted in the arrest of members believed to be cooperating with a Chinese organized crime syndicate. On Wednesday, more than 240 Australian Federal Police (AFP) members along with nearly 100 specialist members executed 20 search warrants across the country. The operation against money laundering alleges that the […]
Business
October 25, 2023
Shareholders Disagree With Tabcorp’s Remuneration Plan
The remuneration of Tabcorp’s executive sparked a debate at the company’s recent annual general meeting (AGM) that took place Wednesday, ultimately resulting in a dip of 4% in its stocks. More than one third of the company’s shareholders, or some 34%, disagreed with a proposed remuneration plan for Tabcorp’s senior-level members. The latest announcement comes […]
Casino
October 19, 2023
Blackstone Anticipates Crown Resorts Overhaul to Cost Millions
The Blackstone Group, the globally recognized US private equity giant, acquired Crown Resorts, the leading Australian casino operator, last summer. At the time of the announcement, the price tag of the deal was a staggering AU$8.9 billion ($6.5 billion). However, despite the initial investment to acquire Crown Resorts, The Blackstone Group revealed that it has […]
