Industry
March 23, 2023
Fineff’s Testimony Sparks Calls for Stricter Gambling Regulation in Australia
The Guardian reported that the case of Gavin Fineff, a former financial advisor who lost more than AUD8 million ($5.4 million) to sports betting companies, has brought the issue to the forefront once again. Speaking to federal politicians in Canberra, Fineff urged them to take radical action to prevent others from falling into the same […]
Business
March 23, 2023
Ainsworth Game Technology Appoints Haig Asenbauer as Non-Executive Director
Haig Asenbauer, who is a lawyer by profession and works as a partner at Asenbauer Rechtsanwaelte GmbH in Vienna, Austria, is also present with Novomatic AG, where he serves as deputy chair. Asenbauer Brings Value and Expertise to Ainsworth at Time of Growth Novomatic currently owns 52% of Ainsworth’s stock, which it acquired back in […]
Legal
March 20, 2023
The Star Confesses Sale of Gambling Chips with Credit Cards
A probe into Star Entertainment’s operations last year uncovered deficiencies and alleged ties to criminal activities such as money laundering. The investigation, led by Adam Bell SC, which became popular as the Bell Review, sought to determine the eligibility of The Star to hold a license. In light of this, the NSW Independent Casino Control […]
Industry
March 20, 2023
Pretend Stock Trader Loses Investors’ Money to Sports Wagers
Details of a scheme involving fake trading on the stock market emerged late last week and saw two people lose substantial sums. A 30-year-old man from Auckland, New Zealand, admitted he engaged in an elaborate scheme, tricking two of his friends into investing money whereas he actually gambled the money on sports wagers. The man, […]
Industry
March 20, 2023
ACT Ready to Act on Its Own Against Gambling Ads on TV and Radio
ACT attorney general Shane Rattenbury has confirmed that should the federal government fail to reach a satisfactory decision on gambling ads in sports, the territory may be forced to act on its own and address ads which Rattenbury has described as both “pernicious” and “insidious.” Gambling Ads Gets in ACT’s Hair These remarks come against […]
Casino
March 17, 2023
Western Australia Wants to See Betting and Time Limits at Crown Perth
In a report by Asgam, the Royal Commission has deemed it appropriate to put forward for discussion a ream of proposals that would make Crown Perth more secure and less likely to commit offenses in the future. Royal Commission Takes Good Look at EGMs Among those recommendations is a suggestion to put a mandatory AU$10 […]
Casino
March 17, 2023
AFL Boss Heeds Concerns about Oversaturation of Gambling Content
This concern has finally made it to the very top of the organizaiton, with the AFL chief executive, Gillon McLachlan, acknowledging that there seem to be too many gambling ads currently permeating the sport. AFL Boss Suggests Organization Doubling Down on Gambling Restrictions His remarks come at a time when there has been growing opposition […]
Business
March 16, 2023
Light & Wonder Mulls Second Listing in Australia
The company could take its shares to the Australian Securities Exchange (ASX) as it debates raising additional capital and signal strength to investors globally. This is not the first time the news that Light & Wonder may be considering launching a secondary listing has surfaced. Light & Wonder Considers Creating More Shareholder Value Back in […]
Sports
March 15, 2023
Court Grants Tabcorp Access to Entain-NSW AHA Commercial Deal Documents
The deal in question was signed between Entain and NSW Australian Hotels Association (NSW AHA) and it was revealed as a commercial agreement that would allow the two companies to promote Entain Australia’s digital wagering brands – Ladbrokes and Neds – on-site state pubs and clubs. Commercial Partnership Between Entain and NSW AHA Challenged At […]
Casino
March 13, 2023
NSW Minister Slams ClubsNSW for Thwarting Poker Machine Reforms
ABC reported that Victor Dominello, a senior Liberal minister from New South Wales, has spoken out about the power and impact of ClubsNSW, an influential gambling lobby group that he claims forced him out of his portfolio. Dominello Slams ClubsNSW as the ‘Gun Lobby’ of Australia’s Gambling Industry In an interview for ABC’s Four Corners, […]
