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Recent News Articles

Aristocrat Launches New Responsible Gaming Technology in Australia

Aristocrat Leisure Limited, the Australian developer of casino slot machines and digital games, has announced that it plans to launch a brand-new product that will have responsible gaming features included. The new product has already been approved in separate Australian states and will be launched on a larger scale by the end of the first quarter of 2020. The announcement was made by Trevor Croker, the company’s chief executive and managing dire ...

BetMakers Records Revenue Increase in First Half of Fiscal Year

BetMakers Technology Group, the race betting operator and technology provider from Australia, has announced the company’s results for the first half of fiscal year 2021. Revenue for the 6 months which ended 31 December 2020 was up 88% year-on-year, leaving the company with 68.6 million dollars in cash at the end of the respective period. However, despite the increasing revenue, the company was unable to record a profit. BetMakers made a loss of 1 ...

Tabcorp Continues Recovery Despite Revenue Decrease

Tabcorp Holdings, the Australian lottery and betting operator, released its financial data for the first half of the fiscal year, and despite declining profits and revenues, the company says it experienced strong recovery from the effects of the novel coronavirus pandemic. The Australian company recorded revenues of 2.87 billion dollars for the six months to 31 December 2020, an amount which represents a 1.5% drop from the 2.91 billion dollars ea ...

Crown Resorts Records Significant Losses in First Half of Fiscal Year

Crown Resorts, the biggest land-based casino operator in Australia, released its results for the first half of the 2020-2021 fiscal year and they show a significant decrease in revenue. The company’s revenue went down by 62.1% compared to the same period of the previous fiscal year. In the six months ended 31 December, Crown Resorts had revenues of 581 million Australian dollars and recorded a loss of 120 million dollars. The sharp drop in revenu ...

Crown Resorts Chief Executive Officer Resigns Following Bergin Report

Crown Resorts, one of Australia’s largest entertainment companies, is now looking for a new Chief Executive Officer after Ken Barton decided to resign following the release of the Bergin report last week. The report was put together by Patricia Bergin, a New South Wales Supreme Court Judge, and her inquiry found evidence that the company’s facilities and accounts were used for money laundering. The New South Wales Independent Liquor & Gaming ...

Ainsworth Records Losses in First Half Of Fiscal Year

Ainsworth Game Technology, the established Australian gaming equipment manufacturer, reports pre-tax losses for the first half of the fiscal year. The losses are expected to be around 14 million Australian dollars. This is a poor result for the company after having recorded losses of 31.5 million dollars in the previous fiscal year. However, the company expects revenues for the six months to 31 December 2020 to be around 72 million Australian dol ...

SIS Enters Australian Market Through Partnership with Sportsbet

SIS (Sports Information Services), the international multi-channel supplier of live betting services, enters the Australian market through a partnership with Sportsbet, the country’s biggest online bookmaker. Sportsbet, which is owned by the Flutter Group, will now be able to add greyhound racing events from the United Kingdom and Ireland to its portfolio thanks to the deal with Sports Information Services. The content from SIS will also be shown ...

Entain in the Running for Acquiring Tabcorp Wagering Division

Tabcorp Holdings, the Australian lottery and betting operator, has confirmed that it has received offers from multiple companies for selling its lucrative wagering division. Tabcorp’s “Wagering and Media” unit controls around 44% of the local sports betting and racing market. Following media reports which claimed the company had been approached about a possible acquisition, Tabcorp issued an official statement to clarify the situation. “Tabcorp c ...

Crown Resorts Facing Financial Difficulties If Agencies Further Cut Its Credit Rating

Crown Resorts Limited, one of Australia’s largest and most powerful entertainment companies, would have to pay back 175 million Australian dollars if their credit rating is further cut by the specialized agencies. In November 2020, ratings agency Moody’s cut the score for Crown Resorts Limited to Baa3, just one notch above “junk.” The agency also signalled the possibility of cutting the rating even further, since the New South Wales Independent L ...

PointsBet Records Rapid Revenues Growth In First Half Of Fiscal Year

PointsBet, the global online bookmaker based in Australia, has recorded impressive results in the first half of the 2020-2021 fiscal year as revenues and turnover grew rapidly. However, the company did spend big amounts of money on advertising and also invested heavily in research and development, and those aspects did have a negative effect on the bottom line. The Australian company is very optimistic about its January results after having manag ...

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