Casino
July 12, 2021
Crown Resorts Called Out for Trying to Manipulate Ongoing Investigation
Crown Resorts has tried to play the pity card in Victoria and it didn’t go over very well. The casino operator has already shown its inability to act as a good corporate citizen in New South Wales (NSW) and could be facing similar trouble in Victoria and other states. Perhaps seeing the writing on the […]
Business
July 8, 2021
Crown Resorts Boss Shows Long-Time Dissention in the Ranks
The truth always comes out and Crown Resorts is learning the lesson the hard way. The Australian casino operator, once at the top of the hospitality charts in the country, has slid from grace due to a number of issues that have plagued it over the past several years. It has been accused of tampering […]
Industry
July 6, 2021
Crown Resorts May Face Difficulties This Year, Next Year, Too
In light of the impact of the COVID-19 pandemic, Crown Resorts released a trading and earnings update. The company revealed that it may report an operating loss for 2021, while a further negative financial impact may be observed next year, as well. Crown Resorts May Report Operating Loss for 2021 Fiscal Year Australia-based entertainment company […]
Business
July 5, 2021
Tabcorp Denies Bidders, Creates Two Separate Business Entities
Australian gambling company Tabcorp Holdings announced today it is not going to sell its media and gaming businesses and instead, will undertake a demerger to split the business into two separate entities. Strategic Review Complete The announcement marks the end of the strategic review undertaken by Tabcorp on March 29, 2021, in an attempt to […]
Casino
June 29, 2021
More Casinos Shut Down in Australia as COVID-19 Variant Spreads
When COVID-19 first began taking control a little more than a year ago, Australia didn’t seem to be as affected as some other areas of the world. That could be changing now, though, as new cases are beginning to appear that are forcing government and health officials to take drastic measures. The Star Sydney shut […]
Business
June 28, 2021
Entain Ready to Blow Competition for TAB, Mulling AU$4B+ Bid
UK-based gambling group Entain is mulling a new enhanced offer for Tabcorp’s media and sports betting assets to blow out competitors and acquire the business, several media in Australia report. TAB Bidding Impasse Having seen its opening bid for the Australian sports betting business of AU$3 billion ($2.3 billion) rejected in February, Entain followed with an improved proposal to AU$3.5 billion ($2.7 billion) in April, and now it […]
Casino
June 28, 2021
The Star Sydney Closes Again Due to a New COVID-19 Lockdown
The Star Sydney has announced it will close its operations due to a new outbreak of COVID-19 as the New South Wales government implements new lockdown measures. Sydney Faces a New Lockdown Due to Growing COVID-19 Cases The Star Sydney has closed almost all of its operations for the next two weeks, at least. The […]
Industry
June 25, 2021
Australia’s Gaming Industry Likely to Undergo Monumental Changes
If any good is coming out of the debacle surrounding Crown Resorts in Australia, it’s that the country’s gaming regulations are likely to be tweaked. Fitch Ratings has weighed in on what is happening in Australia with Crown and Star Entertainment, as well as the gaming industry, in general, and believes that the screws are […]
Industry
June 23, 2021
Australia Launches Its First Self-Exclusion Register
The Australia Communications and Media Authority (ACMA) has appointed Engine Australia, a technology group, to create and provide the first self-exclusion register for online and mobile gambling in the country. Australia’s First Self-Exclusion Register to Launch in 2022 Engine Australia, a technology group, has been appointed by the Australia Communications and Media Authority (ACMA) to […]
Casino
June 22, 2021
Star, Crown Resorts Meet over Potential Merger
As Crown Resorts continues to fend off an assault on its reputation and viability as a casino operator, a number of companies haven’t wasted time approaching it to offer potential buyout deals. Oaktree Capital Group and the Blackstone Group were seen as the largest contenders, especially because of their deep pockets, but then Australia’s own […]