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Recent News Articles

Star Entertainment Expects Remediation Costs To Surpass AU$35 Million In 2023

Star Entertainment Group, one of the most important operators of land-based casinos in Australia, has announced that it expects to spend between 35 and 45 million Australian dollars on remediation efforts in Queensland and New South Wales in 2023. The figures were announced in a trading update provided to the company’s shareholders during the Annual General Meeting. The past year has been a turbulent one for Star Entertainment as the company was ...

Aristocrat Manages To Increase Revenue in 2022 Fiscal Year

Aristocrat Leisure Limited, the Australian developer of slot machines for land-based casinos and digital games for online casinos, has announced that the 2022 fiscal year has brought a 17 percent increase in revenue for the company. The 2022 fiscal year ended on 30 September and Aristocrat’s revenue for the whole 12 months amounted to 5.57 billion Australian dollars, definitely an improvement from the 4.73 billion that were generated in the 2021 ...

Victoria Shareholders Launch Class Action Lawsuit Against Star Entertainment

Star Entertainment Group, one of the biggest operators of land-based casinos in Australia, has received even more bad news after the recent troubles as the company faces a class action lawsuit in Victoria. The claim was filed by the Maurice Blackburn law firm and it alleges that between 2016 and 2022 Star Entertainment made numerous misleading representations of its actual situation and policies. The law firm also alleges that the company failed ...

Crown Melbourne Receives AU$120 Million Fine

Crown Resorts, the biggest owner and operator of land-based casinos in Australia, has received very bad news from Victoria as the state regulator decided to slap a fine of 120 million Australian dollars on the company. The company’s Melbourne casino received the fine from the Victorian Gambling and Casino Control Commission as the state regulator found failures within the operator’s Responsible Service of Gambling obligations. The fine comes afte ...

Tabcorp Grows Digital Footprint In First Quarter

Tabcorp, the powerful Australian lottery and betting operator, has announced that the digital market share for its wagering and media business has increased to 24.7 percent in the first quarter of the 2022-2023 fiscal year. The company released a trading update in which it also revealed that the group’s revenue for the three months to the end of September 2022 also registered an increase of 18.7 percent compared to the same period last year. Howe ...

Ainsworth Records Massive Profit Increase In Australia

Ainsworth Game Technology, the major Australian manufacturer of casino gaming equipment, has announced its full and definitive financial results for the 2021-2022 fiscal year. Overall, the Australian company recorded earnings before interest, tax, depreciation and amortization (EBITDA) of 48.6 million Australian dollars during the 2022 fiscal year, but the major news comes from Australia, where the company’s profits recorded a massive increase of ...

PointsBet Records Revenue Decrease In First Quarter Of 2022-2023 Fiscal Year

PointsBet, the powerful online bookmaker and iGaming services provider from Australia, has announced its results for the first quarter of the 2022-2023 fiscal year and the numbers show a decrease when it comes to revenue. In fact, the Australian company generated revenue of 115.1 million Australian dollars in the first quarter of the fiscal year and that figure represents a decrease of 2 percent compared to the same quarter of the previous financ ...

Star Entertainment To Embark On Remediation Programme In Sydney

Star Entertainment, one of the largest owners and operators of land-based casinos in Australia, has received approval to start the remediation programme at The Star Sydney, its landmark venue in New South Wales. The Australian company had appointed Allen & Overy Consulting, a law firm based in London, to serve as an independent monitor for the design and implementation of the programme, as requested by the Independent Casino Commission of New ...

Queensland Introduces New Casino Laws With Stricter Oversight

Queensland, the second-largest and third-most populous Australian state, has decided to introduce new casino laws which include stricter casino oversight and more severe penalties for breaking the rules. The decision comes after other states in Australia have implemented tougher legislation recently following inquiries into the activity of Crown Resorts in New South Wales, Victoria and Western Australia, and into the wrongdoings of Star Entertain ...

Star Entertainment Receives AUS$100m Fine In New South Wales

Star Entertainment Group, one of the largest operators of land-based casinos in Australia, has received a further blow in New South Wales as its casino license was suspended along with a fine of 100 million Australian dollars. In September, the company was declared unsuitable to hold a casino license in New South Wales, after the report compiled by Adam Bell SC unveiled several failings at Star Sydney regarding anti-money laundering and social re ...

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