Industry
April 9, 2021
Northern Territory Poker Machines Drive Record High Losses in 2020
Poker machines in the Northern Territory led to record-high losses once venues were allowed to reopen in July 2020. Northern Territory Poker Machines Drive Player Losses Gamblers were spending a pretty penny on poker machines in the Northern Territory in 2020, with consumers looking back for a quick re-entry in gambling clubs, casinos, and hotels. It all […]
Casino
April 8, 2021
Sale of Crown Resorts Appears Ready to Advance, But Maybe Not to Blackstone
Once a reining giant in Australia’s casino market, Crown Resorts has found itself spiraling downward the past couple of years. The casino operator has acknowledged it made a series of missteps, including not preventing money laundering at its properties, and is facing scrutiny across the country. As the saga continues to unfold, Crown’s board has […]
Industry
April 5, 2021
Ban on Sports Betting Ads After Online Gambling Spike
The surge in online gambling in Australia during the pandemic has provoked concerns related to sports betting ads and their effect on players. Foreign Operators in Australia with Enormous Gains During Covid-19 Foreign-owned corporate bookmakers have emerged as winners during the Covid-19 pandemic with an enormous increase in market value, which has put the issue […]
Esports
April 2, 2021
FBI and Australian Police Are Working Together to Stop CS:GO Match Fixing
Police and tournament organizers have arrested Australian Counter-Strike players for match-fixing and illicit betting. The situation is so serious that the FBI is now interested in cleaning up North America, too. Esports Integrity Commission is working with law enforcement to tackle the situation. Match-Fixing among Counter-strike Players The information was revealed in a recent YouTube […]
Sports
March 31, 2021
Sydney Swans and Macarthur FC to Ban Betting Ads from Games
Australian clubs Sydney Swans and Macarthur FC have joined the Reclaim the Game initiative to ban betting ads and protect fans from gambling risks. Reclaim the Game Awareness Campaign New South Wales sports fans will soon be able to watch games without seeing betting ads. The state’s Office of Responsible Gambling has teamed up with […]
Sports
March 29, 2021
Media Outlet “The Athletic” Setting Operations in Australia
Australia may soon welcome a new qualified sports media outlet, with The Athletic already having set-up operations in the country in mid-January 2021. The Athletic May Look to Expand in Australia The Athletic is potentially looking to scale operations in Australia, bringing quality sports journalism to one of the most vibrant betting and sports markets out […]
Business
March 29, 2021
Tabcorp Turns Down Entain $3bn Bid, Says It’s “Little Light”
After a month to consider, Tabcorp has turned down a $3bn bid by Entain for the company’s wagering and media division, arguing that the bidder has underestimated the company’s actual value. Tabcorp Says No to $3bn Entain Bid Tabcorp has formally rejected a $3 billion bid by Entain this morning and has launched a broad strategic review […]
Casino
March 29, 2021
Blackstone’s Crown Resorts Bid to Face Regulatory Scrutiny
NSW’s gambling regulator boss, Philip Crawford, has said that Blackstone will face extensive regulatory scrutiny in its bid for Crown Resorts. Blackstone to Face Regulatory Scrutiny Blackstone’s $8 billion takeover bid for Crown Resorts should be coming to a successful close as the investor seems hell-bent on making this one work. Yet, challenges abound. The newest one comes from […]
Legal
March 26, 2021
Sportsbet Fined AU$22,000 for NSW Gambling Inducement Ad
A local court in Sydney convicted and fined the country’s largest online sports betting operator Sportsbet for breaching the prohibition on offering inducements to gamble after a full-page ad from the company appeared in the Daily Telegraph in June last year. Inducements to Gamble Prohibition Breach Flutter-owned Sportsbet was ordered last Monday by Magistrate Megan […]
Casino
March 22, 2021
Crown Receives AU$6.2B Buyout Offer from Blackstone Group
Troubled Australian casino operator Crown Resorts received a buyout offer from Blackstone Group Inc, the company revealed Monday declining to comment further on the unofficial bid. Price Discovery Crown’s second-largest shareholder Blackstone offered AU$11.85 per share bringing the total valuation to AU6.2 billion, but when the news hit the wires Crown’s shares jumped more than […]