Industry
May 20, 2022
O’Neill Steps Down as Star’s Executive Chairman
At the beginning of the month, ex-rugby star and Star Entertainment chairman of Star Entertainment Group John O’Neill announced he would temporarily take over the managing director and chief executive officer position. Now, O’Neill announced his resignation just days before a public hearing where he will testify in regards to the group’s casino in Sydney. […]
Industry
May 20, 2022
Crown Investors Approve Blackstone’s Takeover Bid
As Blackstone prepares to acquire Crown Resorts, the casino company inquired about its investors’ opinion on the deal. As it turns out, most of them support the takeover. Crown’s Shareholders Approve the Scheme Blackstone, an American investment management company, announced its intentions to acquire Crown Resorts. The Australia Foreign Investment Review Board reviewed the deal […]
Business
May 19, 2022
Aristocrat Leisure Fiscal H1 Net Profit Up 48%, Dividends Confirmed
Australia’s famed gambling machine manufacturer Aristocrat Leisure made their Interim Results Announcement and their results are looking “outstanding” as per their own words. The stellar half-year numbers and share prices of Aristocrat have jumped more than 6% at the time of writing. Aristocrat Sees Strong Half-Year Results As per Aristocrat’s 2022 Half-Year Media Release, the […]
Legal
May 18, 2022
NSW Regulator Wants to Raise Fines for Illegal Ads
Liquor and Gaming New South Wales, the state’s regulator, appealed for a raise in the maximum fines for faulty gambling advertising. The authority seeks to discourage the NSW licensees from posting ads that are in breach of the regulations. NSW’s Regulator Believes Fines Are Too Low According to the current laws, operators risk a maximum […]
Casino
May 16, 2022
Two More Star Executives Confirm Plans to Step Down
Star Entertainment is still facing an extensive inquiry into what has been dubbed dubious practices by regulators and the government. The commission looking into numerous breaches of trust has now cost two more higher-ups their positions with the company’s Board of Directors, with both stepping down from the Australian casino giant. Executive Musical Chairs Non-executive […]
Legal
May 13, 2022
Star Needs Board Changes, Pitkin Plans to Leave
One of Star Entertainment’s directors believes that changes to its board are needed to fix the company and regain public and shareholder trust. She announced her plans to resign from her position. Pitkin Shared What She Knows The investigation of Star Entertainment continues. An inquiry of Star’s business revealed many shortcomings when it comes to […]
Sports
May 13, 2022
Australian Ice Hockey Seeks to Realize Commercial Potential with Sportradar
The Australian Ice Hockey League has announced a new data partnership with Sportradar, a company focusing on sports data and integrity. The partnership between the data company and the league will enable Sportradar to tap into the audio-visual distribution rights for the AIHL, excluding the Australian and New Zealand regions. Sportradar to Help AIHL Reach […]
Industry
May 13, 2022
Aquis and Oscars Agree on Casino Canberra Sale Terms
Aquis Entertainment Ltd has signed a deal with Capital Leisure & Entertainment Pty Ltd, an Oscars Group subsidiary, and now, the company is likely to sell Casino Canberra. Regulatory approvals also need to be obtained and the price for which Casino Canberra is sold is AU$52 million ($36 million). Aquis Is Looking To Explore New […]
Industry
May 12, 2022
Tabcorp’s Investors Voted in Favor of the Lottery Demerger
Tabcorp, Australia’s lottery operator, will likely demerge its lottery from its gambling business. Almost all shareholders have approved the move and its fate is now up to the court. Tabcorp’s Investors Approved the Demerger Tabcorp’s plan is to establish its lottery business as a separate company called “The Lottery Corporation.” The investors were overwhelmingly in […]
Legal
May 12, 2022
Star Entertainment’s Director May Have Misled Shareholders
The investigation of the Australian gambling company Star Entertainment continues. The operator was accused of being linked to organized crime and may have also lied to shareholders, finds show. Heap Might Have Misled the Shareholders Currently, the NSW Independent Liquor and Gaming Authority is reviewing whether Star is suitable to hold a license. Adding to […]
