Casino
June 22, 2022
Crown Sydney Casino Granted Conditional License, Will Open Soon
Crown Entertainment has been in the news quite a lot in the past 2 years and now is one of the few times it’s been for a positive reason. Crown’s almost 18-month-long limbo nears its end with the ILGA granting it a provisional gaming license for the Sydney casino. Provisional License Temporary, Opening Date TBD […]
Sports
June 21, 2022
The PGA Tour Adds bet365 as Its Official Betting Operator
Online gambling business bet365 teamed with The PGA TOUR in a three-year marketing deal to become the series’ first Official Betting Operator (OBO) outside of North America. First OBO Outside of North America The online gambling group headquartered in Stoke-on-Trent in the UK will serve as the exclusive source of odds on both leaderboards and […]
Industry
June 21, 2022
BMM Testlabs Announces Exciting VP Promotions Down Under
Leading game testing lab BMM Testlabs has announced the appointment of two of its Australian executives to vice presidents positions. Thiru Nadesapillai has been promoted to vice president of service delivery, EGMs, while Kethish Namasivayam will be the new vice president of service delivery, systems. The Appointments Came Naturally BMM’s executive vice president for Asia-Pacific […]
Industry
June 21, 2022
NSW Changes the Point of Consumption Tax
The government of New South Wales has announced a 5% increase to the Point of Consumption tax on corporate sportsbooks. With this development, the POCT will rise from 10% to 15% and the new rules will be effective on July 1, 2022. Tax Revenue Is Set to Increase by Over $500 Million NSW’s tax increase […]
Industry
June 21, 2022
Australia in Danger of Being Placed on FATF Grey List in 2025
Australian gambling industry received a warning from the country’s financial intelligence agency, AUSTRAC, it has been in its crosshairs for a while and need to do more to raise money laundering standards. Money Laundering Investigation and Prosecution The warning was issued by AUSTRAC’s chief executive officer Nicole Rose who spoke at a conference organized by […]
Business
June 20, 2022
SIG Sports Purchases 12.8% Of PointsBet
PointsBet has landed an AU$94.2 million ($65.75 million) investment from Sports Investment Corp. With this development, SIG Sports has agreed to purchase 38.75 million shares from PointsBet at a price of AU$2.43 ($1.7) and thus, gain a 12.8% stake in the company. The deal comes just a week after PointsBet turned down an acquisition offer […]
Sports
June 20, 2022
Netball Australia Strapped for Cash, Gambling Ads Possible Solution
Struggling with a reported debt and loss of around $11 million, the Australian Netball league might turn to more non-sporting commercial opportunities, including starting to accept gambling advertisements and sponsorships. Bad Financials Grow, Gambling Ads Might Help It’s been six years since the split in Trans-Tasman Netball League, aka the ANZ Championship, which gave birth […]
Legal
June 16, 2022
The ACMA Blocks Thepokies.net in Australia
The Australian Communications and Media Authority (ACMA) is cracking down on offshore operators in the country. In its latest move, the regulator requested the shutdown of one of the biggest unlicensed casino sites in Australia. Thepokies.net Took Millions from Australian Players The site in question is thepokies.net, a major provider of slots and live casino […]
Casino
June 15, 2022
Crown’s Acquisition by Blackstone Will Breathe New Life into the Brand
The Federal Court of Australia has approved the takeover of beleaguered casino operator Crown by The Blackstone Group, a US-based private equity giant. This approval clears the final hurdle before the $6.5 billion acquisition, which will conclude on 24 June. The takeover has already secured the other required approvals from Victoria, Western Australia, and New […]
Industry
June 15, 2022
GambleAware Unveils New Ad Campaign in NSW
GambleAware, a charity that commissions research, prevention and treatment services for problem gamblers, has unveiled a new advertising campaign in New South Wales. The latter promotes harm reduction by highlighting the negative impact of unrestrained gambling. Be Aware, Be GambleAware According to research, every tenth gambler in New South Wales is at risk of gambling […]
