Casino
May 3, 2021
WA Regulatory Restriction Clouds Hang above Crown Perth
A public call for changes to casino operations in Western Australia (WA) is seeking to prevent compulsive gamblers from losing track of time and other aspects of real-life such as home, family, and employment responsibilities. WA Should Do More, Relationships Australia Argues The call spearheaded by Relationships Australia, a leading provider of relationship support services […]
Business
April 30, 2021
PointsBet Posted 246% Increase in Q3 FY2021 Revenue
Australian sportsbook operator PointsBet submitted in a filing to the Australian Securities Exchange (ASX) its financial year 2021 third quarter trading update as well as quarterly cash flow report. Overall Performance PointsBet revealed an impressive quarterly financial performance for the three-month period ended March 31, 2021 posting a turnover of AU$905.2 million, a 236% jump […]
Casino
April 30, 2021
Crown Perth Casino Set to Re-Open after 3-Day WA Lockdown
Casino and hospitality operator Crown Resorts announced in a filing to the Australian Securities Exchange (ASX) today its Crown Perth casino property will re-open starting from Saturday, May 1, 2021, in line with easing the restrictions in the Perth metropolitan area and Peel region by the Western Australian Government. Casino Games Resume Following the 3-day […]
Industry
April 30, 2021
Tasmanian Prime Minister Talks Pokies ahead of Election Day
Gambling reform in Tasmania has been brewing since 2018 and finally, the quasi-monopoly of Federal Group can be broken up, to the benefit of the state, club, and pub owners. Poker Machines Are the Agenda in Tomorrow’s Elections Poker machines have been a contentious talking point in any politician’s agenda and Tasmanian premier Peter Gutwein is no […]
Legal
April 28, 2021
Crown Resorts to Pay Massive Fine as Victorian Gaming Investigation Continues
Crown Resorts has left a trail of bad decisions over the years, all leading to the questionability of its right to continue operating casinos in Australia. As investigations into its history continue, additional missteps are being uncovered and the company continues to pay the price for decades of institutional mismanagement. The latest comes via the […]
Business
April 27, 2021
Tabcorp Confirms Renewed Entain Bid, Continues with Review
Entain has put forward a revised offer to buy out Tabcorp’s sports gambling business with $3.5 billion now the best option available on the table. Bids for Tabcorp Are Still Unsatisfactory The gentlemanly bidding war for Tabcorp’s media and sports betting operations in Australia counties as Entain may have fallen short with its renewed $3.5 […]
Sports
April 23, 2021
Aussie Bettors Shift to Online Horse Betting During COVID
Horse racing in Australia thrives during the pandemic as Australian bettors shift their preferences to the online segment. Mobile Horse Betting Handle Grows in Australia Racing turnover continues to shift online as the COVID-19 pandemic has forced retail venues to shut down, impacting TAB, one of Australia’s leading sports and racebook. An estimated 86.5% of […]
Legal
April 21, 2021
ACMA Asks ISPs to Block More Illegal Gambling Websites
The watchdog in charge of communications and media in Australia asked internet service providers to block several offshore gambling websites. Upon investigating, the ACMA has found out that those websites have been operating illegally and in breach of the 2001 Interactive Gambling Act. ACMA Urges ISPs to Blacklist Illegal Offshore Gambling Websites The Australian Communications […]
Business
April 19, 2021
Competition for Control of Crown Resorts Heats up after Oaktree Steps In
Crown Resorts’ Board of Directors is going to have to make some tough decisions soon, but one of them is relatively easy. The ouster of founder and former CEO James Packer is a given and will happen at some point in the near future. It almost seemed inevitable that could be part of a deal […]
Casino
April 13, 2021
Blackstone Safeguards Crown Proposal, Tightens Conditions
Australian casino operator Crown Resorts announced conditions for the proposed buyout of outstanding shares by Blackstone Group have been modified to include safeguard against possible loss of operating licenses before the deal is complete. Regulatory Approval Condition Last month, the private equity giant which already holds a 9.99% stake at Crown Resorts acquired from Melco […]