Legal
December 1, 2022
Queensland Regulation Targets Sportsbooks’ Free Bets, Says Report
Free bets are a popular incentive offered by sportsbooks that involves a so-called cash return whenever a bettor loses a bet. Different companies offer a variety of those bets and some of the most popular involve a matching amount of “return” upon losing a bet. For example, if a bettor places $100 and loses, the […]
Legal
November 30, 2022
AUSTRAC Opens Civil Penalty Proceedings against Star Entertainment
The Star does not seem to catch a break as AUTRAC, Australia’s financial crimes authority, has launched civil penalty proceedings against the Group and its entities. The proceedings were brought up with a federal court and they are targeting Star Entertainment Group and its subsidiaries, The Star Pty Limited and The Star Entertainment QLD Limited. […]
Casino
November 30, 2022
Gambling Companies in Australia Benefit from Proceeds from Crime
In the past several years, there are many cases where gambling companies keep the proceeds of crimes committed by people who develop a gambling addiction, argues Stephanie Convery in a piece she wrote for The Guardian. People who are victims of these crimes state that the system, which is supposed to regulate these situations, is […]
Business
November 30, 2022
Ainsworth Game Tech to Restart Paying Dividends to Shareholders
Ainsworth Game Technology, one of Australia’s leading slot machine suppliers, has announced plans to self-fund its global expansion in the coming years, with a strong focus on 2023. The news was announced during the Annual General Meeting that took place last week and was headed by chairman Danny Gladstone. Ainsworth Building Up Cash Reserves to […]
Casino
November 30, 2022
Crown Resorts Reported $633M Loss, Expecting $413M in Fines
The business has a huge potential for recovery, as long as some key factors that bring it down are resolved. These are putting in place internal changes that address and resolve all of the company’s regulatory failings, as well as a sustained improvement in operational conditions. If these requirements are met, the company’s outlook is […]
Casino
November 29, 2022
The Star Entertainment Answers to OLGR Show Cause Notices
Australian gambling and entertainment company, The Star Entertainment Group, announced it responded to the show cause notices from the Office of Liquor and Gaming Regulation (OLGR). The Star Issues a Response to OLGR Notices Details of the announcement, authorized by the Board of Directors, emerged Monday and come in response to the government’s probe into […]
Legal
November 28, 2022
New Bill in Australia Proposes Crackdown on Loot Boxes
Loot boxes have caused controversy in many countries around the world. The virtual rewards, some of which holding real-money value, that are accessed via tokens or keys in exchange for real money were compared to gambling by many lawmakers. This resulted in urges for strict regulation and attempts to restrict video games containing loot boxes […]
Casino
November 25, 2022
ACMA Expands List of Illegal Gambling Websites
The Australian government statutory body responsible for the regulation of broadcasting, radiocommunications and telecommunications, the Australian Communications and Media Authority (ACMA), expanded its list of illegal gambling websites. On Thursday, ACMA asked internet service providers (ISPs) in Australia to block access to more illegal gambling websites. ACMA Asks ISPs to Block 9 Illegal Gambling Websites […]
Casino
November 25, 2022
The Star Sydney’s Independent Monitor Not Endorsed by Regulator
Sometimes, even when you’re trying to make things better, you can still do it wrongly. Currently, all Star can do is let the NICC do its job, and hope it’s found to be suitable for a second chance. Independent Monitor Not Endorsed The Independent Casino Commission (NICC) has informed Star Entertainment Group – the operator […]
Business
November 23, 2022
Crown Resorts Unveils Transformational Multi-Year Program
The leading owner and operator of integrated resorts in Australia, Crown Resorts, announced the launch of a new transformative program for the future of the business. Crown Reveals New Program Called Future Crown Earlier this week, the company announced Future Crown, a multi-year program that seeks to transform the business while at the same time […]
