Industry
May 25, 2021
Australia Could Ban Credit Cards for Online Gambling
The Australian parliament considers banning credit cards or “digital wallets” for gamblers, aiming to set online wagering in line with land-based gambling. Parliament Aims to Protect Gamblers by Banning Credit Cards Gamblers are not permitted to use Australian credit cards in land-based casinos and lounges. They are not allowed to take cash advances from nearby […]
Business
May 17, 2021
Aristocrat Upgrades First Half FY 2021 Performance
Australian slot machine manufacturer Aristocrat Leisure announced in a filing to the Australian Securities Exchange (ASX) today its six month financial performance ended March 31, 2021 was upgraded. Significant Improvements Year-Over-Year Subject to final external auditor review and approval from the Board of Directors, Aristocrat accounted for the period normalized earnings before interest, tax, depreciation […]
Casino
May 17, 2021
Australia: Post-COVID Lockdown Gambling Losses Surge
The COVID-19 lockdown last year temporarily stopped the gambling losses in Australia. However, once the venues reopened, gambling losses have been on the rise and gamblers are now losing more than ever. Post-lockdown Gambling Losses in Australia Continue to Increase The COVID-19-related lockdown in Australia closed many businesses last year, including gambling venues. From April […]
Casino
May 17, 2021
Crown Resorts Might Be Seriously Considering Merger with Star Entertainment
It appears that The Blackstone Group is going to have to head back to the boardroom if it wants to make a play for Crown Resorts. After Star Entertainment Group stepped in with a proposal that would see Crown and Star merge, Blackstone tried to sweeten the pot, but it apparently isn’t enough. Crown’s board […]
Legal
May 13, 2021
Crown Resorts Looks to Appease Regulators by Eliminating Junkets and Cash
Crown Resorts knows that its livelihood and future as they currently stand are on the ropes. As the casino operator faces increased scrutiny over its operational integrity across Australia, it has to know that its fate has likely already been sealed. However, as it looks to stave off any further damage or public relations nightmares, […]
Legal
May 12, 2021
Credit Card Gambling Is Again up for Debate in Australia
Credit cards are once again an incendiary topic for sports gambling bodies in Australia, lawmakers and anti-gambling bodies. Credit Cards Once in the Crosshairs of Lawmakers A bill sponsored by Senator Stirling Griff in Australia is facing pushback from the gambling industry as the legislation seeks to minimize the use of credit cards for the […]
Business
May 10, 2021
Crown Resorts Has a New Suitor as The Star Entertainment Offers a Deal
It took a while, but The Star Entertainment Group has finally decided to step forward and offer a deal to purchase the beleaguered Crown Resorts. The casino and hospitality company has submitted a formal proposal to buy out Crown for $7 billion (AUD$9 billion) in an all-stock deal to compete against existing bids by the […]
Sports
May 7, 2021
Fixed Table Tennis Matches Bring Former Player AU$438K
A 41-year old Australian native and former table tennis player allegedly won AU$438,000 over 7 months last year by placing more than 1000 bets on fixed table tennis tournament matches before being arrested in December. Betting on Rigged Table Tennis Matches Adam Michael Green, who placed the bets with Australian online bookmakers from his home […]
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 […]