Industry
March 8, 2023
Tabcorp CEO Calls for Single National Regulator and Less Gambling Ads on TV
Inside Asian Gaming reported that in a statement made on March 8, the CEO of Tabcorp, Adam Rytenskild, one of Australia’s largest gambling companies, has called for a single national regulator to ensure consistency in the industry and protect vulnerable Australians. Tabcorp CEO Advocates for National Regulator to Replace State-Based Model The current state-based model […]
Industry
March 8, 2023
Australia Forms Second AML Unit to Tackle Gambling Crime
The new unit will be tasked with combating what the regulator sees as an increasing threat of money laundering that comes from gambling operators. Even industry insiders have agreed that anti-money laundering is a significant risk to their businesses, with Crown Resorts and Star Entertainment investing heavily in improving their AML and KYC practices lest […]
Industry
March 7, 2023
Aussie MP Calls for Tougher Penalties on Gambling Companies
Wilkie’s call comes after the Northern Territory Racing Commission fined Ladbrokes AUD78,540 ($52,624) for breaching its license and failing to limit the damage caused by former financial adviser Gavin Fineff, who stole more than AUD8 million ($5.4 million) from his clients to feed his gambling addiction. MP Wilkie Slams Ladbrokes “Slap on the Wrist” Fine […]
Industry
March 7, 2023
Liquor & Gaming NSW to Look Into External Signs Used by Gambling Venues
Ahead of the upcoming election in New South Wales (NSW), the regulatory body responsible for gambling and liquor sales, Liquor & Gaming NSW, plans to look into signs located outside gambling venues. According to a report released by IAG, Liquor & Gaming NSW’s executive director of regulatory operations and enforcement, Jane Lin, spoke at a […]
Sports
March 6, 2023
AFL Fans Mostly Concerned with Sports Betting Advertising
Gambling advertising is causing serious concern for fans of the Australian Football League (AFL), the findings of the annual AFL Fans Association survey revealed. Concerned about Their Children The survey conducted among almost 3,000 respondents and reported by The Age revealed that 47% of them believe gambling advertising is the most cause of concern, leaving […]
Industry
March 6, 2023
Australian Regulator Self-Exclusion System Failed 48 Problem Gamblers
The recent revelations regarding Australia’s top regional regulator point to entrenched deficiencies in its consumer protection systems. The names of nearly 50 people who asked to be banned from gambling never reached operators due to a long-lasting rules oversight. Rising controversy and advocate outrage significantly degraded the regulator’s reputation and undermined its recent recommendations regarding […]
Business
March 6, 2023
Aussie Pokie Tycoon Acquires Major Stake in Star Entertainment Group
The company has been facing financial difficulties and a drop in its share prices. Mathieson, with his sharp business acumen, has seen a long-term potential for growth and development in Star Entertainment Group and invested a whopping AUD142 million ($96 million) to acquire his stake in the company. Bruce Mathieson plans long-term investment in Star […]
Industry
March 6, 2023
Gambling Ads Bombardment in Victoria Sparks Worries about the Next Generation
Gambling advertisements have been an integral part of how companies communicate new offerings and promotions to fans. However, ads are also a major topic of the safer gambling discussion as more and more people realize the harm they can do to the new generation. In the Australian state of Victoria, for example, kids are bombarded […]
Casino
March 6, 2023
IAG: Victorian Regulator Prepares for Worst Case Scenario in Crown Melbourne Saga
Crown Melbourne the Victoria-based property, which is currently under a special supervision regime, is expected to be restored to full operations early next year. Before this happens, however, the Victorian Gambling and Casino Control Commission would have to decide on the operator’s suitability first. VGCCC Prepares for Transition-out Plan Should Crown Melbourne fail, though, the […]
Industry
March 6, 2023
Ladbrokes Hit with $80K Penalty in NT Australia
Ladbrokes, which is operating in the state as a regulated and licensed entity, is accused of failing to limit the damage by a financial advisor, one Gavin Fineff, who ended up stealing millions of dollars from his clients to fuel his gambling addiction. Gambling Addiction Pushes Punter to Extremes Fineff pled guilty and owed up […]
