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Lottery
February 5, 2025
Aussie Woman Wins $100M Oz Lotto Jackpot, Says She’s Done Working
A New South Wales, Australia resident, was about to fall asleep when she saw she had several missed calls. Her phone rang once again and when she picked it up, she was shocked to realize that she had just won Tuesday night’s Oz Lotto draw for a mind-blowing prize of AU$100 million ($62.8 million). Single […]
Industry
January 30, 2025
Australia: Hellenic Club Hit With $1.2M Fine After Gambler’s Suicide
Relatives of a problem gambler who took his own life raised a complaint with the gambling regulator in the Australian Capital Territory (ACT), the ACT Gambling and Racing Commission. Subsequently, the regulatory body enforced a fine of more than a million dollars against an operator who breached the territory’s gambling regulations. Problem Gambler Loses Thousands […]
Business
January 13, 2025
Star Entertainment Risks Going Bust, Putting Thousands of Jobs on the Line
Star Entertainment Group, a big name in Australia’s casino and hotel business, stands on the brink of going broke. With just $79 million in the bank and growing problems, including fewer customers and over $100 million in fines from regulators, the company might run out of money in a month and a half. Brisbane’s $3.6B […]
Industry
December 27, 2024
University of Sydney’s Gambling Company Investments Raise Eyebrows
The University of Sydney faces questions about its stakes in big-name gambling businesses, including Aristocrat, which leads the world in making poker machines, and Entain, a major player in global sports betting. Documents Show University of Sydney Invested in a Few Major Gambling Firms Papers obtained through freedom of information laws show the university-owned shares […]
Casino
December 24, 2024
JPMorgan Sells Stake in Star Entertainment as Problems Grow
JPMorgan Chase & Co. has sold its stake in Australia’s Star Entertainment Group, according to a regulatory filing on December 23, 2024. This move is big news for the investment bank, which used to own 5.09% of the casino operator’s voting shares. JPMorgan made this choice while Star Entertainment faces financial troubles and regulatory hurdles. […]
Industry
December 19, 2024
Aussie Couple Found Dead, Police Suspects Murder Tied to Gambling Debt
Excessive gambling can lead to addiction which in turn may push people into debt. A young man, who law enforcement suspects accumulated a large gambling debt, was recently found dead together with his wife near an airport in Sydney, Australia. Lifeless Bodies Found in a Park Law enforcement is now looking for two or three […]
Business
December 17, 2024
Jefferies Equity Analyst Prepares Investors for Entain AML Fine
At the start of the week, we announced that Ladbrokes and Neds’ operator and global gaming and betting company, Entain Group Pty Ltd, has been hit with civil penalty proceedings in Australia. The action, which followed a series of alleged breaches of anti-money laundering (AML) and counter-terrorism financing (CTF) policies, as described by the Australian […]
Legal
December 16, 2024
Entain Hit With Civil Penalty Proceedings in Australia
The Australian Government agency responsible for deterring, detecting and disrupting financial crimes and organized criminal activities, AUSTRAC (the Australian Transaction Reports and Analysis Centre), announced it initiated civil penalty proceedings against a recognizable betting and gaming operator. The Agency Claims Entain Breached AML, CTF Regulations On Monday, the agency confirmed that Ladbrokes and Neds’ operator […]
Sports
December 11, 2024
New Zealand to Stop Greyhound Racing by 2026 Due to Animal Safety Issues
New Zealand plans to end greyhound racing by August 2026 pointing to ongoing safety problems for the animals. This choice comes after years of pushback and several probes that showed many dogs got hurt or died in races, and some breeders did not treat them well. Deputy PM Peters Calls for End to Greyhound Racing […]
Industry
December 9, 2024
NZ Racing Minister Calls for TAB to Govern Online Betting
Planning changes to its gambling industry, New Zealand hinted at the possibility of introducing legal online gambling. While the country is considering regulating iGaming by 2026, a new proposal calls for changes to the existing framework that would propel the monopoly of the operator TAB NZ. TAB NZ May Grow Its Monopoly Model Currently, TAB […]
