Business
May 7, 2021
Tabcorp Receives $4bn Offer by Apollo for Wagering Business
As Tabcorp continues with a review of its media and wagering business, Apollo Global Management has entered the bidding process, tabling a $4 billion offer. Apollo Joins the Race for Tabcorp’s Media and Wagering Assets Tabcorp’s (TAB) wagering and media business continues to be as tempting a prospect as ever, as Entain has already submitted […]
Business
May 3, 2021
Australia: Slot Gambling Losses in Victoria Skyrocket
After the COVID-19-related lockdown in Victoria, Australia ended, the slot machine gambling losses have kept increasing. Since October, when the venues were allowed to resume operation, millions were lost to gambling. Furthermore, Melbourne’s western suburb, Brimbank, recorded the highest daily losses from slot machines in February – $482,168. Gambling Losses in Victoria Go Through the […]
Industry
May 3, 2021
SENET and ICGR Collaboration Delivers ‘Regulating the Game’
Australian advisory on gambling law, regulation, and compliance SENET announced today a new initiative in the space of training for organizations in the gambling sector set to take place this summer. Exceptional Training Program The 5-day ‘Regulating the Game’ educational program in collaboration with the International Center for Gaming Regulation (ICGR) at the University of […]
Casino
May 3, 2021
WA Regulatory Restriction Clouds Hang above Crown Perth
A public call for changes to casino operations in Western Australia (WA) is seeking to prevent compulsive gamblers from losing track of time and other aspects of real-life such as home, family, and employment responsibilities. WA Should Do More, Relationships Australia Argues The call spearheaded by Relationships Australia, a leading provider of relationship support services […]
Business
April 30, 2021
PointsBet Posted 246% Increase in Q3 FY2021 Revenue
Australian sportsbook operator PointsBet submitted in a filing to the Australian Securities Exchange (ASX) its financial year 2021 third quarter trading update as well as quarterly cash flow report. Overall Performance PointsBet revealed an impressive quarterly financial performance for the three-month period ended March 31, 2021 posting a turnover of AU$905.2 million, a 236% jump […]
Casino
April 30, 2021
Crown Perth Casino Set to Re-Open after 3-Day WA Lockdown
Casino and hospitality operator Crown Resorts announced in a filing to the Australian Securities Exchange (ASX) today its Crown Perth casino property will re-open starting from Saturday, May 1, 2021, in line with easing the restrictions in the Perth metropolitan area and Peel region by the Western Australian Government. Casino Games Resume Following the 3-day […]
Industry
April 30, 2021
Tasmanian Prime Minister Talks Pokies ahead of Election Day
Gambling reform in Tasmania has been brewing since 2018 and finally, the quasi-monopoly of Federal Group can be broken up, to the benefit of the state, club, and pub owners. Poker Machines Are the Agenda in Tomorrow’s Elections Poker machines have been a contentious talking point in any politician’s agenda and Tasmanian premier Peter Gutwein is no […]
Legal
April 28, 2021
Crown Resorts to Pay Massive Fine as Victorian Gaming Investigation Continues
Crown Resorts has left a trail of bad decisions over the years, all leading to the questionability of its right to continue operating casinos in Australia. As investigations into its history continue, additional missteps are being uncovered and the company continues to pay the price for decades of institutional mismanagement. The latest comes via the […]
Business
April 27, 2021
Tabcorp Confirms Renewed Entain Bid, Continues with Review
Entain has put forward a revised offer to buy out Tabcorp’s sports gambling business with $3.5 billion now the best option available on the table. Bids for Tabcorp Are Still Unsatisfactory The gentlemanly bidding war for Tabcorp’s media and sports betting operations in Australia counties as Entain may have fallen short with its renewed $3.5 […]
Sports
April 23, 2021
Aussie Bettors Shift to Online Horse Betting During COVID
Horse racing in Australia thrives during the pandemic as Australian bettors shift their preferences to the online segment. Mobile Horse Betting Handle Grows in Australia Racing turnover continues to shift online as the COVID-19 pandemic has forced retail venues to shut down, impacting TAB, one of Australia’s leading sports and racebook. An estimated 86.5% of […]