Business
June 17, 2021
BetMakers Requested ASX Suspend Its Stock Trading until Monday
A halt in trading of BetMakers Technology Group shares implemented by the Australian Securities Exchange (ASX) today is fueling rumors the tech company’s bid to acquire Tabcorp’s media and sports wagering units could be successful. Halt in Stock Trading According to the information provided by the ASX the suspension in trading of BetMakers shares was […]
Business
June 15, 2021
Oaktree’s Structured Facility Bid to Crown Upped to AU$3.1B
Oaktree, a private equity firm based in the US, revised its initial offer to Crown Resorts related to the purchase of shares held by Consolidated Press Holdings (CPH), the troubled casino operator announced in a filing to the Australian Securities Exchange (ASX) Tuesday. CPH Stake Buy Back In April, the investment fund offered a funding […]
Sports
June 10, 2021
UFC Takes Things to the “Neds level” in Australia
UFC, the premier mixed martial arts franchise, has made Neds, sports betting operator and part of Entain Group, its official betting partner in Australia. UFC Partners up with Neds The Ultimate Fighting Championship (UFC), a world-renowned American premier mixed martial arts franchise, has signed an agreement with Neds, a sports betting operator, making it its official […]
Legal
June 7, 2021
Crown Resorts Isn’t Only Australian Casino Operator to Act Irresponsibly, Asserts AUSTRAC
The level of drama surrounding Crown Resorts is enough to make soap opera writers envious, but it now appears that the casino operator’s actions may have only been part of a larger, more widespread issue. Crown has been under investigation by regulators across Australia for money laundering, machine tampering, and much more as its ability […]
Casino
June 4, 2021
Victoria Royal Commission Inquiry Reveals New Crown Failings
Troubles do not seem to end for Australian casino operator Crown Resorts as Victoria royal commission’s inquiry into its sole license was presented with disturbing facts about the casino’s practices related to its responsible gambling obligations. Long Hours Play Practice The Wednesday hearing at the commission led by former Federal Court judge Ray Finkelstein, QC […]
Casino
June 2, 2021
Star Entertainment Improves Parental Leave Policies
Star Entertainment Group increases parental leave from 10 weeks to 16 weeks, effective immediately. Star Entertainment Group Increases Parental Leave Time Star Entertainment Group has announced the implementation of a new parental leave policy. The company will increase parental leave for new parents. According to the company, this is an efficient, flexible, and family-friendly decision. The […]
Industry
June 1, 2021
AGR Brings Gordon Ramsay as CEO, Sets Goal to Protect Consumers
Gordon Ramsay has become the new CEO of Australia’s Alliance for Gambling Reform, the country’s most prominent organization of responsible gambling. Gordon Ramsay Was the Attorney General of ACT for 19 Years The Board of the Alliance for Gambling Reform, the leading gambling awareness organization in Australia, has found its new CEO. It has appointed […]
Business
June 1, 2021
Entain Puts Pressure on Tabcorp to Make a Deal, but a New Wrinkle Emerges via FOX Bet
Should Tabcorp decide to spin off its gaming and lottery units into stand-alone companies, it’s going to fail. That’s the message Entain has sent to the company in an effort to convince Tabcorp decision-makers to accept its offer to acquire the units. Australia-based Tabcorp has had difficulty shoring up its gaming operations lately, which led […]
Industry
May 31, 2021
News Corp Australia in Talks to Launch Standalone Betting Brand
A weekend report in The Sydney Morning Herald claims News Corp Australia is in advanced negotiations to launch a new sports betting brand and reshuffle player positions in the local gaming market. Talking on Two Fronts Industry sources, which remained unnamed by the media due to the confidential nature of the talks, stated that the […]
Business
May 28, 2021
The Battle for Tabcorp heats up as BetMakers Decides to Join in the Race
Tabcorp has suddenly become very popular in Australia, but not with gamblers. The company has fallen on hard times because of COVID-19 and Apollo Global Management and Entain had started a bidding war to try to convince it to sell its gaming assets. A third company has now joined as BetMakers Technology Group Ltd has […]