Casino
July 7, 2022
Aquis Gets Third Offer for Casino Canberra
A third offer has come in for Aquis Entertainment’s Canberra casino amounting to AUD 60 million ($41 million). The bid was submitted by Iris CC Holdings, which outbid the two offers by Capital Leisure & Entertainment Pty Ltd., a subsidiary of Oscars Group. Iris Capital’s Offer Beats Both Offers from Capital Leisure In May, Aquis […]
Business
July 6, 2022
Fitch Lowers Crown’s Rating Post-Blackstone Takeover
Crown Resorts, Australia’s largest gaming operator, recently sold its business to The Blackstone Group, a real estate and private equity firm. As a result, Fitch Ratings, a major rating agency, downgraded its rating of Crown’s business. Fitch Changed Its Ratings Soon after Blackstone completed the deal, Fitch lowered Crown Resorts’ Issuer Default Rating from BBB […]
Casino
July 6, 2022
Victoria Passes Harm Minimization Laws for Betting Operators
The government of Victoria is committed to making sure that gamblers will remain protected as lawmakers have passed a new ream of changes to the gambling laws in the state, hoping to minimize harm resulting from participation in online and sports betting activities. Victoria Set on Minimizing Gambling-Related Harm These changes follow an investigation into […]
Casino
July 5, 2022
The Lottery Office and blueshyft to Offer Aussies Access to More Lotteries
Australian-owned The Lottery Office and blueshyft, a payment platform, have teamed up and thanks to that fact, Aussie lottery players will now have the chance to participate in the biggest lotteries in the world from more than 1,400 Australian newsagents. Lottery Players Will Be Given a Boost in Confidence Jaclyn Woods, the CEO of The […]
Casino
July 5, 2022
Aquis Considering Second Offer on Casino Canberra
Australian company Aquis Entertainment Ltd continues to be courted by investors after the company received a second offer to acquire Casino Canberra. Aquis originally received an offer of AU$52 million ($36 million) to sell the casino to Capital Leisure & Entertainment Pty Ltd. Getting a Better Deal for Casino Canberra The company signed a share […]
Legal
July 4, 2022
VGCCC Would Not Let Crown Resorts ‘Off the Hook’ Easily
Crown Resorts is facing a fine of up to AU$100 million ($69 million) for its responsible gambling failures at Crown Melbourne after the state gambling regulator initiated a second round of disciplinary action against the troubled casino operator. ‘Condition of the Casino License’ The Victorian Gambling and Casino Control Commission (VGCCC) announced today it has […]
Casino
July 4, 2022
New Gambling Regulations in NSW Come into Effect
The new gambling regulations controlling the industry in New South Wales, Australia, have already entered into effect, said the newly-formed regulator on Friday. According to these new regulatory mandates, the Victorian Gambling and Casino Control Commission or VGCCC will have greater powers in controlling casino licensees in the state, including Crown Melbourne, which is the […]
Casino
July 1, 2022
South Australia Launches Inquiry into SkyCity Adelaide
Another land-based casino in Australia, SkyCity, is facing an inquiry into its operations after the body regulating Liquor, Gambling & Lotteries in South Australia announced today it would be commissioning a review of the state’s casino operations. Probe into SkyCity Adelaide South Australian Liquor and Gambling Commissioner Dini Soulio noted the inquiries into casino operators […]
Casino
June 30, 2022
Queensland Inquiry into Star to Focus on Money Laundering
The three-month review into Star Entertainment in Queensland is set to investigate numerous issues, including money laundering allegations and claims that Star Sydney banned players have been lured to gamble in the company’s casinos in Queensland. Powers of a Royal Commission The Queensland government announced earlier in the month that it would launch an inquiry […]
Casino
June 29, 2022
The Star Appoints Robert Cooke as Managing Director and CEO
The Star Entertainment Group announced to the Australian Securities Exchange today that its executive search has been concluded with the appointment of Robert Cooke as Managing Director and CEO. Mix of Experience, Capabilities and Attributes The appointment of former Tatts Group chief executive officer Cooke at Star Entertainment Group puts an end to the executive […]
