Industry
March 3, 2023
ACMA and ICO Signed MoU to Tackle Unwanted Calls and Texts
The Australian Communications and Media Authority (ACMA) announced today that it has reached an agreement with the UK Information Commissioner’s Office (ICO) to combat together unsolicited calls and texts, as well as phone scams. Tackle Unsolicited Communication The strategic Memorandum of Understanding (MoU) signed between the two government agencies in London this week will see […]
Business
March 3, 2023
BlueBet Strives for Positive Cash Flow After Disappointing H1 Results
BlueBet, a mobile-first online wagering provider based in Australia, has announced its half-year financial results for the six months which ended on December 31, 2022, (H1 FY23). BlueBet Posts Negative EBITDA and Profit After Tax BlueBet’s turnover increased by 6.1% to AUD280.5 million ($189.3 million) in H1 FY23, with strong growth in sports and mobile. […]
Industry
March 2, 2023
AFL Players Can Stop Sportsbet from Using Their Images
The majority of Australian Football League (AFL) players are unaware that they can opt out from having their images used by AFL’s sports betting partner, Sportsbet, for promotional purposes. The Majority Has No Idea They Can Opt Out The deal with Sportsbet brings between AU$12 million ($8.1 million) and AU$13 million ($8.7 million) a year […]
Legal
March 2, 2023
Star Entertainment Group Provides $101M for Fines and Penalties
As a result, the Australian Securities and Investments Commission (ASIC) has prompted The Star to provide for fines and penalties of AUD 150 million ($101 million) in its financial report for the half-year which ended on December 31, 2022. Star Entertainment Could Be Slapped with Fines of up to $1B As part of its financial […]
Industry
March 1, 2023
Inquiry to Recommend Further Gambling Advertising Restrictions
An inquiry into online gambling harm in Australia led by Labor MP Peta Murphy is likely to recommend further restrictions on gambling advertising and promotions, much to the dislike of broadcasters, sporting codes and betting operators. Need for Further Regulation Murphy, who also chairs the standing committee on social policy and legal affairs, said that […]
Business
March 1, 2023
Konami Licenses Facial Recognition Technology to Independent Gaming
This agreement comes at a pivotal time for Independent Gaming, as the company operates in a market that is increasingly talking about the incorporation of facial recognition technology to protect consumers and help tackle problem gambling and money laundering across Australia. Facial Recognition Arrives at Australian Manufacturers The solution was first introduced at the G2E […]
Industry
February 28, 2023
Australian Regulator Harshly Criticizes New Self-Exclusion Tool
Australian Broadcasting Corporation (ABC) reported that in an attempt to tackle problem gambling, a new national self-exclusion register, called BetStop, has been developed to help problem gamblers block themselves from the lure of sports betting. However, despite its AUD 40 million ($26.9 million) price tag, there is no guarantee that it will be an effective […]
Industry
February 27, 2023
Australian Gambling Support Services Face Online Advert Blockade
The Guardian reported that Australian gambling harm services have complained that their rehabilitation adverts are being wrongly blocked while there has been an increase in wagering advertising, especially following Sportsbet’s partnership with TikTok. Victorian Responsible Gambling Foundation Ads Blocked by Google The Victorian Responsible Gambling Foundation (VRGF) has had its adverts for Gambler’s Help, its […]
Business
February 23, 2023
The Star Reports Loss in H1 FY23, Plans to Raise Equity
Australian entertainment and gambling company The Star Entertainment Group released its H1 FY23 results acknowledging net loss and plans for equity raising. The company’s gross revenue for the period was AU$1.01 billion ($689.1 million), while normalized EBITDA was AU$200 million ($136.4 million) and net profit was AU$44 million ($30 million) for the six months until […]
Legal
February 22, 2023
Betr License at Risk after New Breaches Were Identified
The Australian sports betting operator betr landed in hot water after two new regulation breaches were identified. Both violations were described as “serious,” meaning that betr’s license might be on the line. Betr Is in Trouble for Breaching the Code Despite being a fairly new operator, betr is already under scrutiny for having breached the […]
