Casino
August 26, 2022
Crown Sidney CEO to Resign, Blackstone Will Appoint a Replacement Soon
Crown Sidney has confirmed that its CEO, Simon McGrath, will depart the company amid the Blackstone takeover. Australian media outlets report that his resignation will be effective in September and the Australian Financial Review reported that Blackstone will announce his replacement soon. The Next CEO is Likely to Come from Macau Australian Financial Review also […]
Casino
August 25, 2022
Star Entertainment Covered Up Chinese Transactions Worth $55M
The Star Entertainment’s troubles still persist as the public hearing into the group’s casino operations continues. It has been revealed that the group hid away $55 million wagered by Chinese residents through banned transactions from a Chinese bank. Star Entertainment Changed Payment Policy in 2016 to Allow Banned Chinese Transactions The Canberra Times reported that […]
Business
August 24, 2022
Tabcorp Releases FY2022 Report, Continuing Revenue Is Down 4.3%
Tabcorp has released its FY2022 report which states that the company’s continuing revenue reached AU$2.37 billion ($1.64 billion), which is a 4.3% decline compared to FY2021. According to the report, the results were heavily impacted by COVID-19, which caused the retail properties of the company in New South Wales and Victoria to close in the […]
Industry
August 24, 2022
Gambling Companies Won’t Get Relief in Queensland Tax Hike
Queensland is unlikely to show leniency in the way it taxes resources and gambling companies in the state. BHP chief executive, Mike Henry, cautioned that the mining giant may need to temporarily pause its plans to launch the Blackwater South coalmine as a newly proposed tax regime may undermine its feasibility. This, though, has not […]
Legal
August 23, 2022
ABC Investigations Questions Queen’s Wharf Brisbane Probity Checks
The Queensland probe into Star Entertainment’s casino operations in the state started earlier today and it’s looking into, among other things, the state government’s backing of the Queen’s Wharf Brisbane project by Star, which carries a price tag of AU$3.6 billion ($2.50 billion) and was approved despite the group’s suspected links to various criminal organizations […]
Blockchain
August 23, 2022
Australian Sports Betting Regulator Seeks Input on Crypto
Australia’s Northern Territory Racing Commission, a sports betting regulator which oversees the licensing platform for interactive and land-based wagering operators in the country, is now putting in requests for public consultation on the use of cryptocurrencies as a viable payment method in the industry. Cryptocurrencies Explored as Viable Payment Option As cryptocurrency use becomes more […]
Casino
August 22, 2022
The Star’s Shares Drop Despite the Reported Success in FY2022
The Star Entertainment has released its report which states that the company’s shares are in the red as they dropped by 0.86%. This development comes shortly after the company released its financial results for the 2022 fiscal year. Several Major Changes Took Place in FY2022 Several changes took place in FY2022, which may have caused […]
Industry
August 22, 2022
Study: 5.8% of Global Adult Population Has Gambling Problem
Dr Simone Rodda from the Auckland University of Technology has co-authored a new study which considered results from other studies that focus on understanding problem gambling and how accessible treatment services are. According to Dr Rodda’s conclusions, most people suffering from gambling problems are unlikely to access such options at all. Understanding Problem Gambling and […]
Casino
August 22, 2022
The Star to Pay $320K Jackpot to Gambler with Disability
The Star has lost a case in a Sydney court as the law sided with David Joe, a gambler with disability who asked a friend of his to help him operate gambling machines which led to a jackpot back on October 25, 2019. Since then, the casino had refused to pay out the $285,000 jackpot, […]
Casino
August 19, 2022
Players in Queensland, Australia Lose Record $301.8M on EGMs in July
Poker machine players in Queensland, Australia have lost a record $301.8 million to electronic gambling machines in July. This figure equates to more than $750 for every player from Queensland and gambling researchers are looking for immediate action to address the potential harm that comes from EGMs. “It Is Not a Small Problem, It’s a […]
