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Industry
August 30, 2023
New Zealand: National Party Wants to Tax Offshore Online Gambling
Ahead of New Zealand’s general elections, planned for October, intense competition is expected. Amid concerns about increasing inflation, high taxes and high-interest rates, the National Party and Labor Party are expected to clash but who will be the winner remains to be seen. On Wednesday this week, the National Party uncovered details regarding an extensive […]
Industry
August 29, 2023
VGCCC Asks Betting Operators to Discontinue Inducements for Sports Clubs
Gambling addiction in Australia is recognized as a serious public health issue. With pokies available on every corner in bustling cities and easy access to online gambling, each month, hundreds of millions of dollars are lost to gambling. Amid the growing concerns about the negative impact of problem gambling, lawmakers in New South Wales and […]
Business
August 29, 2023
The Star Posts FY23 Results, Sees Net Loss of AU$2.44bn
The Australian gambling and entertainment company, The Star, released its FY23 financial report, revealing a normalized EBITDA and significant statutory loss for the period. The report emerged Tuesday and sees the company post a statutory net loss of AU$2.44 billion ($1.57 billion). At the same time, the latest financial report reveals that normalized EBITDA hit […]
Industry
August 28, 2023
Study Reveals Link Between Gambling and Suicide among Australian Veterans
In Australia, the intersection of post-military life challenges and lenient gambling regulations has created a troubling scenario for veterans, escalating concerns over suicide risk. Ex-Military Personnel Face High Suicide Risk and Troubling Gambling Links Globally, suicide remains a daunting public health issue, with intentional self-harm accounting for a significant portion of premature deaths. This is […]
Business
August 25, 2023
Anna Stove to Take On Role of Interim Chair at TAB NZ
TAB NZ, the single racing sports betting agency in New Zealand, confirmed changes to its senior-level management earlier this week. The company revealed that Hon Kieran McAnulty, the Minister for Racing, appointed Anna Stove as the new interim chair of TAB NZ, replacing its current chair, Mark Stewart, who will be stepping down at the […]
Sports
August 25, 2023
Entain’s Australian Arm Implements Substantial Job Cuts Across Departments
In response to shifting consumer spending patterns and a need for operational adjustments, Entain, the prominent operator behind well-known brands like Ladbrokes and Neds, has taken a strategic step by cutting a significant portion of its Australian workforce. Entain Responds to Challenges with Workforce Reductions Over 50 positions have been eliminated from Entain’s Australian arm […]
Business
August 24, 2023
Tabcorp Financial Juggernaut Delivers, Beats FY23 Forecasts
This strategy has resulted in strong results for the full year ended on June 30, 2023, the company’s FY23, which resulted in AU$66.5 million profit across the group. This news comes at a time when sports betting regulation is about to become tighter in Australia, where the company is based. Tabcorp Swings from Loss to […]
Industry
August 23, 2023
ACMA Asks ISPs to Ban More Illegal Offshore Gambling Websites
Several years ago, Australia implemented tough rules against illegal offshore gambling websites. Since then, the country’s regulatory body responsible for the regulation of telecommunications, broadcasting and radiocommunications, the Australian Communications and Media Authority (ACMA), has been constantly monitoring the online gambling sector and enforcing bans against operators that were found to offer their services illegally. […]
Casino
August 16, 2023
NSW Reform Panel Sets Agenda for Cashless Gaming Overhaul
Spearheading the drive towards comprehensive gaming reforms, the panel tackled pressing issues, including the imminent cashless gaming trial and the roadmap for the industry’s transformation. Panel’s Commitment to Cashless Gaming Framework Lauded by Minister Minister for gaming and racing, David Harris, expressed his satisfaction with the Independent Panel’s commitment to meticulously craft the framework for […]
Industry
August 15, 2023
Dabble Inks Partnership with Primer to Expand Current Banking Options
Australian-based social betting platform Dabble has announced a fresh partnership with Primer, the pioneer payment orchestration and commerce automation infrastructure on the globe. The news comes in the context of the Australian government’s decision to start regulating the use of credit cards on sports wagers online, an announcement that automatically initiated operators’ shift to […]
