Industry
June 6, 2022
Tabcorp Salutes New Racing Industry Tax Reforms in Queensland, Australia
Tabcorp has ended its three-year legal dispute with Racing Queensland as the operator reached a conditional settlement and it will have to pay AU$150 million ($108.3 million) after the new reforms that were announced by the government of Queensland, Australia. This development comes just days after the company announced several changes in its senior development […]
Blockchain
June 6, 2022
New Report Urges Australians to Beware of Crypto Scams
A new report warns Australians to be wary of scams related to cryptocurrencies as the costs of such scams on retail consumers have been growing. Australians Lost More than $163M to Scams This Year Released by the Australian Competition and Consumer Commission (ACCC), which is the country’s chief competition regulator, the report includes recent data […]
Casino
June 6, 2022
New Job Ads Signal Crown Sydney Casino Might Get License After All
New job ads for casino personnel at Crown’s Sydney venue signal that the venue may be turning a new page officially. Updates and official statements are still upcoming. Job Ads Mean Business The Bergin inquiry into Crown’s operational activities found the Sydney property was “unfit” for a license after it concluded the year-long review process […]
Industry
June 6, 2022
Queensland Changes Gambling Taxes to Support Racing
The Australian state of Queensland will introduce a significant increase to the taxes that corporate sports betting companies pay. This was announced by the state government today. Queensland Levels the Playing Field Queensland’s vision is to change how racing is funded. To that end, a new 5% racing levy will be introduced. This adds to […]
Casino
June 2, 2022
Star in Hot Water over Criminal, Casino, Corporate Law Breach Allegations
Further accusations of illegal behavior leave Star in a difficult position, as serious breaches of multiple laws surface on the second day of SC Naomi Sharp’s submissions. Second Day of Hearings, Three More Laws Allegedly Breached Star Entertainment is under further scrutiny on the second day of Naomi Sharp SC closing submissions at the Bell […]
Business
June 1, 2022
PointsBet Unveils Multiple Leadership Level Changes
PointsBet, the Australian-based sports betting and gaming operator, announced strategic changes to its global leadership team today. The Company Appoints New Group CTO As a part of the changes, Manjit Gombra-Singh, who served as the company’s executive director since October 2020, will hold a non-executive director role, effective as of June 1, 2022. It was […]
Casino
June 1, 2022
Crown Resorts Financial Profile to Remain Fairly Intact by VGCCC Penalty
The close-to-$60 million (AU$80 million) fine that was slapped on Crown Melbourne in Australia is not very likely to have an immediate negative bearing on the property’s financial results. Following the issuance of the penalty by the Victorian Gambling and Casino Control Commission or VGCCC for its acronym, credit rating agency Fitch looked into the […]
Industry
May 31, 2022
Tabcorp Announces Senior Management Team Changes
Tabcorp has announced several senior management team changes ahead of its demerger in which its lottery operations will be separated from gaming, wagering and media services. All of the changes were set out in the Demerger Booklet and the demerger is expected to finalize on June 1. Some Employees Will Be Transferred to The Lottery […]
Casino
May 31, 2022
Inquiry into Sydney Star Says “Not Fit” to Hold Casino License in Sydney
The Star Entertainment Group is on choppy seas with the ongoing regulatory review and despite its best efforts, the inquiry says that Star’s Sydney casino is “not fit” to hold a license. “Not Fit” for License, What Does It Mean The New South Wales Independent Liquor & Gaming Authority (ILGA) requested an inquiry into The […]
Legal
May 30, 2022
Crown Melbourne Fined $57.4M USD By VGCCC
The Crown Melbourne drama has come to an end as the Victorian Gambling and Casino Control Commission (VGCCC) fined the operator AU$80 million ($57.4 million USD) over the China Union Pay bank card scandal. Crown Melbourne breached the Casino Control Act of 1991 and was under a lot of scrutiny in the recent period. Crown […]
