Casino
June 15, 2022
Queensland Probe of Star Threatens Tourism District Project
The newly-launched investigation into The Star in Queensland bears repercussions for the state’s tourism beyond gambling. As Star Entertainment will have to prove its license sustainability while attorney general Shannon Fentiman investigates the property, there are other considerations for Queensland in general. Tourism to Boost Local Economy, But Casino License Necessary One such is the […]
Legal
June 14, 2022
Queensland Gov Announces Independent Inquiry of Star
The government of Queensland has opted to evaluate Star Entertainment’s business after all. This follows the government’s decision to introduce new laws that prevent gambling crime in the first place. Queensland Will Probe Star’s Business The independent inquiry, announced by Shannon Fentiman, Queensland’s attorney-general, will evaluate whether Star Entertainment is suitable to hold a license. […]
Casino
June 14, 2022
Octogenarian with Gambling Addiction Sentenced to Six Years
An Australian man with a gambling problem will spend almost seven years in prison after a jury found him guilty of defrauding an acquaintance from AU$2.7 million or roughly $1.9 million. The culprit, one Munir Muzafar Fakrud Hassanali, fleeced his 66-year-old victim out of money over the course of two years. Hassanali convinced the person […]
Business
June 13, 2022
PointsBet Rebuffs Acquisition Offer for Its Australian Arm
The board of directors of PointsBet allegedly turned down an acquisition offer by a consortium led by Rupert Murdoch’s News Corp Australia. The proposed deal was for up to $211.1 million, but PointsBet directors did not present it to shareholders in the company. PointsBet’s board, which is currently led by former UBS banker Brett Paton, […]
Industry
June 13, 2022
Western Australia Backs Blackstone’s Bid on Crown
The Blackstone Group, a US-based private equity company, is on the way to acquiring Crown Resorts, an Australian casino business. As per the agreement, the former firm will acquire the operator for a total of around $6.5 billion. The deal was approved by Crown’s shareholders and has now been approved by Australia’s regulators as well. […]
Industry
June 13, 2022
Online Bookies on Brink of New Taxes in Virginia, Australia
On the one side, you have tax increases, corresponding to the increases in market share, and on the other, you have tax increases slowing growth. Who gets it right in the end? Increasing Taxes Selectively – Complex Process Victoria State might be on the verge of a new gaming tax reform, as interested parties are […]
Business
June 9, 2022
Two Australian Watchdogs Back Blackstone-Crown Resorts Deal
The Blackstone Group has cleared an important hurdle as it pivots towards the acquisition of Crown Resorts Ltd. The company has got the go-ahead by regulators in Victoria and New South Wales with the Victorian Gambling and Casino Control Commission (VGCCC) and the New South Wales Independent Liquor and Gaming Authority (ILGA) backing the move, […]
Casino
June 9, 2022
Crown Resorts CEO to Make Sydney a Casino Industry Benchmark
Crown Resorts is awaiting a verdict that could leave it short of a license in New South Wales, but while anticipation builds up company chief executive officer Steve McCann feels optimistic about the future and the role Crown Sydney can play in establishing a new benchmark for casino operators anywhere in Australia. Crown CEO Hopeful […]
Industry
June 6, 2022
New South Wales Discusses Gaming Law Changes
The government of New South Wales (NSW) has announced that it wants to amend two gambling regulations, which are set to expire in September 2022. In its official report, the government noted that the amendments will be made by the end of this year. Individuals and Shareholders Will Be Able to State Their Opinions Until […]
Legal
June 6, 2022
NSW Proposing Regulatory Amendments Ahead of Statutory Review
Two key gambling regulations in New South Wales (NSW) are about to expire in September and the Independent Liquor and Gaming Authority (ILGA) is proposing new versions to the industry and the public for comment. In Line with Industry and Public Expectations The two regulations, the Betting and Racing Regulation and Totalizator Regulation, deal with […]
