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Industry
August 12, 2025
Entain Prepared for Potential AUSTRAC Penalties
Entain, a global leader in sports betting and gaming, announced its interim results for H1, which ended 30 June 2025, revealing that a recent reorganization has helped it innovate better and is also prepared for potential penalties from Australia’s financial crime watchdog AUSTRAC. Entain Officials Talk About AUSTRAC Legal Issues During the earnings call, Entain […]
Industry
August 12, 2025
SkyCity Cleared to Keep Casino License in South Australia After Investigation
SkyCity Entertainment has been found suitable to maintain its casino license in South Australia after a thorough independent investigation. The ruling follows earlier concerns about the company’s compliance with anti-money laundering laws and its general management practices. SkyCity Cleared for Operation Led by retired Supreme Court judge Brian Martin, the inquiry recognized the substantial progress […]
Industry
August 12, 2025
VGCCC Penalizes QuestBet for “Poor Behavior”
The Victorian Gambling and Casino Control Commission (VGCCC) announced that it has fined an online bookmaker for “poor behavior.” The sportsbook in question was accused of taking wagers from a customer who was clearly distressed. QuestBet Allowed a Distressed Customer to Play According to the VGCCC, QuestBet had allowed a consumer to continue playing despite […]
Business
August 12, 2025
Star Entertainment Offloads Queen’s Wharf Stake to Hong Kong Partners
Star Entertainment has agreed to offload its 50% stake in Brisbane’s Queen’s Wharf casino to its Hong Kong-based partners, Chow Tai Fook Enterprises and Far East Consortium, for AUD 53 million ($34.62 million). This deal marks the culmination of months of stalled negotiations and marks a vital milestone in the property’s ongoing efforts to restructure […]
Business
August 11, 2025
Betr Asks Takeovers Panel to Restrain MIXI’s Latest PointsBet Acquisition Proposal
Betr has once again struck back against MIXI in an attempt to block its takeover of PointsBet. The two companies continue to clash over the Australian and Canadian sportsbook, with each adopting a different tactic in the negotiations. Betr Is Looking to Outbid MIXI Betr Entertainment and MIXI Australia have been courting PointsBet for several […]
Casino
August 11, 2025
NSW Police Officer Who Gambled Family Gold Could Face Legal Action
New South Wales Police have been issued a stark warning about the risks gambling addiction poses to the force’s security and integrity following a troubling investigation under the name Operation Dartmoor. Money Laundering Ties, Investigated The probe, conducted under section 132 of the Law Enforcement Conduct Commission Act 2016 regarding allegations of gambling and money […]
Business
August 8, 2025
PlayUp Nears Potential CrossBet Deal Amid Ongoing Turbulence
PlayUp, once a rising name in the Australian wagering market, may be on the verge of a significant shake-up. Industry sources suggest the operator is close to finalizing a deal with CrossBet, another Australian operator, in a move that could take the form of an outright merger or the sale of specific assets. Individuals familiar […]
Business
August 8, 2025
MIXI Australia Raises the Stakes with a Higher Bid for PointsBet
MIXI Australia has once again revised its takeover offer for PointsBet amid continued challenges from competitor Betr Entertainment. MIXI, which raised its bid once again, described its latest price as “best and final.” MIXI Has Been Eyeing PointsBet for a While MIXI Australia, which is the Australian arm of Japanese tech giant MIXI, has been […]
Business
August 8, 2025
New South Wales Greenlights On Nut Road’s Acquisition of Donaco
New South Wales has greenlit On Nut Road Limited’s acquisition of Donaco International, securing the final approval needed to close the deal. As a result, the latter company will delist from the Australian Stock Exchange on August 8. On Nut Road to Acquire Donaco On Nut Road, a Hong Kong-based, Argyle-backed special purpose vehicle, set […]
Business
August 7, 2025
Light & Wonder Drops Nasdaq, Eyes Sole Australia Listing
The global gaming tech giant that creates “content, hardware and systems that connect iconic titles across any place or channel”, Light & Wonder, is preparing for a major shift in its market strategy. The Las Vegas-headquartered company has expressed its intention to pull out its stock from the Nasdaq Stock Exchange and focus exclusively on […]
