Sports
November 15, 2021
Western Sydney Wanderers Double Down on Responsible Gambling
The Western Sydney Wanderers continue to work on ensuring that they promote responsible gambling messages by extending their partnership with the non-for-profit organization GambleAware through the 2022/23 season. Earlier this year, the Wanderers agreed to discontinue any gambling partnerships they had in place. Today, they seem committed to making sure that sports remain safe and free from […]
Business
November 2, 2021
James Packer Admits His Absence May Have Led to Crown Resort’s Issues
James Packer, the founder and former chairman of Crown Resorts, admitted that during the time he ran the company, there were many oversights which were the result of not complying in part or fully with the requirements which came as a result of missing board meetings for four years. Officials became aware last Friday of […]
Business
October 29, 2021
Crown Reaches $94.3 Million Settlement on Class-Action Suit From 2017
Crown Resorts finally reached an agreement concerning the shareholder class-action that dates back to December 4, 2017, when it was commenced in Australia’s Federal Court. The case was referenced as “Zantran Pty Limited v Crown Resorts Limited, Federal Court Proceeding VID 1317/2017,” and the total settlement, interests and costs included, is $94.3 million (AU$125 million). […]
Business
October 28, 2021
Star Entertainment Signs Leaseback Deal for Treasury Casino
Star Entertainment has entered a new sale-leaseback deal that mirrors one it recently launched for The Star Sydney. The latest involves the Treasury Casino and Treasury Hotel in Brisbane, which comes as the casino operator prepares to launch its new Queen’s Wharf property in a couple of years. Star Entertainment Reshaping Operations Star announced recently […]
Business
October 26, 2021
Crown Resorts Learns its Fate in Victoria after Loss in New South Wales
Crown Resorts continues to be in the hot seat in Australia, accused of egregious violations of existing financial and gambling regulations. It has already seen its casino license in New South Wales (NSW) suspended by regulators following an extensive investigation, and has faced similar scrutiny in Victoria and Western Australia (WA). While WA has requested […]
Sports
October 20, 2021
NBA Chooses TAB as Its Official Wagering Partner in Australia
Top Australian sports betting operator TAB has scored an important partnership that will see it in the position of the National Basketball Association’s official local betting partner. The deal will see the two betting partners collaborate and bring exciting wagering offerings to Australian sports bettors. TAB Becomes NBA’s Official Betting Partner The deal covers the […]
Sports
October 12, 2021
NRL Seeks to Cash in on US Sports Betting Bonanza
The National Rugby League (NRL) will explore its options in the United States, seeking to cash in on the strong momentum of sports betting legalization in the country. The league, which is the primary rugby competition in Australia and New Zealand, will be attempting to leverage its popularity overseas. Building NRL’s Momentum in the US […]
Casino
October 12, 2021
Star Entertainment Considering Sale-Leaseback of Star Sydney
Star Entertainment might be looking to make a deal for its Star Sydney casino. Sale-leaseback arrangements have become hugely popular in the casino industry around the globe, and the Australian casino operator is reportedly considering a deal that would make investment management firm Blackstone very happy. It doesn’t, however, sit very well with Star’s investors. […]
Business
October 11, 2021
Star Entertainment Accused of Embracing Illegal Activity in New Report
It’s beginning to look like Crown Resorts isn’t the only casino operator in Australia to be in trouble with lawmakers and regulators. Crown and its willingness to circumvent globally-established money-laundering rules while allegedly allowing criminals to gamble at its casinos has caused a domino effect that could bring down Star Entertainment, as well. If Star […]
Industry
September 28, 2021
Australia Online Gambling Spend Skyrocketed in September
A significant spike in online gambling in Australia is indicated by data published by two companies tracking consumer spending, AlphaBeta and illion. Surpassing 2020 High Published by both analytics companies, real-time data showed spending on gambling activities in the country almost tripled during the latest lockdowns in New South Wales (NSW) and Victoria. It also […]