Business
February 9, 2022
Australia’s Star Entertainment Allegedly Involved in Disturbing Practice
Bells are about to ring in Australia, and not for a good cause. After the fallout from the investigation into Crown Resorts, which revealed extensive money laundering and other failings, Star Entertainment Group became a target. New South Wales (NSW) is going to open the casino operator’s past in a so-called Bell Inquiry, and the […]
Business
February 7, 2022
Melco Resorts Billed for Crown Resorts Investigation in New South Wales
The Independent Liquor and Gaming Authority (ILGA) in New South Wales (NSW) has filed a lawsuit against Melco Resorts & Entertainment to recover some of the costs of the Bergin Inquiry into Crown Resorts. According to an exclusive report by the Australian Financial Review (AFR), the lawsuit has been filed in the Supreme Court. It […]
Business
February 3, 2022
Tasmania Casino Operator Refuses to Give In as Hackers Attack
According to Federal Group, the Australian casino operator, was the victim of cyberattacks twice last year. The attack shut down gaming machines and caused millions of dollars in revenue loss and recovery costs. The company refused to give in to the demands, exacerbating the situation. After suffering the worst year in two decades, it’s now […]
Industry
February 1, 2022
Western Australia’s Gaming Regulator Admits Mistakes in Crown Oversight
The gaming regulator in Western Australia (WA) has admitted that it did not properly manage conflicts of interest related to Crown Perth’s operations. The admission comes as a royal commission investigates whether poor government oversight led to problems such as money laundering and problem gambling at the casino. This revelation will give Crown Resorts ammunition […]
Industry
January 25, 2022
Victoria, Australia Reconsiders Plan That Would Force Gambling to Bet Less
The government of Victoria, Australia, thought it was given a perfect solution to reduce problem gambling. Instead of putting the onus on casinos, which proved inept at managing the concept, it would place it on gamblers. While the idea initially gained a lot of support, it will now be scrapped, at least temporarily, according to […]
Business
January 13, 2022
Crown Resorts Warming Up to Blackstone Takeover Offer
Crown Resorts could be closer to having a new owner. After Blackstone improved its previous offer to purchase the Australian casino operator, Crown Resorts has agreed to join takeover negotiations with the US-based investment firm. Blackstone is ready to put US$6.46 billion up for the purchase. Crown Close to Changing Hands Blackstone’s latest bid came […]
Industry
December 14, 2021
Tasmanian Commission Reports Massive Gambling Losses in 2020-2021
The gambling industry in Tasmania keeps facing massive challenges as its losses have skyrocketed. The total lost amount this year increased by nearly half compared to last year, when the country was hit badly by COVID-19. Total Losses Were $18 Million Higher than 2018-2019 During the 2019-2019 season, the total recorded losses were $137.4 million. […]
Casino
December 2, 2021
Crown Resorts Opens Books to Blackstone, Expects Improved Bid
Crown Resorts may be in trouble but it is not selling on the cheap – that was the message sent by the Australian land-based casino company to Blackstone Group and all other potential suitors on Thursday. Bid Does Not Reflect Crown’s Value Crown Resorts reacted to the latest offer by Blackstone in which the private […]
Casino
December 1, 2021
Crown Resorts Appoints Ziggy Switkowski to Mitigate Post-Inquiry Harm
Australian gaming and entertainment company Crown Resorts has announced that Dr Zygmunt Edward “Ziggy” Switkowski, member of the Order of Australia (AO), has been approved by the local gambling regulatory body and will assume the position of the Crown Resorts chairman. Switkowski Approved as Crown Resorts Chairman The new chairman is an experienced and recognized individual who has held […]
Sports
December 1, 2021
Australia: Two Basketball Teams Join Reclaim the Game, Fight against Betting Advertising
Reclaim the Game is an initiative launched in 2020 by the Office of Responsible Gambling in Australia. The initiative aims to raise awareness of gambling harms and “counter the normalization of sports betting and advertising.” Sydney Kings, Sydney Uni Flames: First Two Teams to Join Reclaim the Game Initiative Sydney Uni Flames and the Sydney […]