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Recent News Articles

Crown Resorts Promises to Improve Responsible Gaming Program in Victoria

Crown Resorts, the biggest land-based casino operator in Australia, has received criticism from the royal commission in the state of Victoria for not improving the company’s responsible gaming policies. The government of Victoria has appointed a royal commission to investigate Crown Resorts earlier this year, after the company was found to have facilitated money laundering by a report in New South Wales. Crown Resorts is also investigated in West ...

BetMakers Joins Race to Buy Tabcorp Wagering and Media Division

BetMakers Technology Group, the race betting operator and technology provider from Australia, has entered the race to buy Tabcorp’s media and wagering division with an offer of 4 billion Australian dollars. The proposal consists of 1 billion dollars in cash, which BetMakers would acquire through debt financing, and a further 3 billion dollars in BetMakers shares, including a 15% premium to the traded price prior to signing. If the deal goes throu ...

Aristocrat Records Rising Profit In First Half Of Fiscal Year

Aristocrat Leisure Limited, the Australian developer of casino slot machines and digital games, has reported a normalized net profit after tax of 412 million dollars in the first half of 2020-2021 fiscal year, up 12 percent compared to the same period of the previous year. The company’s good performance was aided by a strong rise in revenue from digital games. The Sydney-based company recorded revenue of 2.23 billion Australian dollars in the fir ...

BetConstruct Launches Nine New Live Casino Games in the U.K.

BetConstruct, the well-known international supplier of live dealer games for online casinos, has announced the launch of nine new titles that will be added to the company’s portfolio right away. The nine new live casino games were all registered with the United Kingdom Gambling Commission, and BetConstruct is now able to offer them to all its clients that operate in the U.K. In fact, BetConstruct has a lot of partnerships with online casinos that ...

Aquis Entertainment Restarts Casino Canberra Redevelopment Plans

Aquis Entertainment, the Australian company that owns and operates Casino Canberra, is looking to restart talks with the government regarding the redevelopment of the property. The company’s plans were revealed during last week’s annual general meeting of the shareholders. Tony Fung, the chairman of Aquis Entertainment, told shareholders that he plans to resume talks with the Australian Capital Territory government and gain permission to invest a ...

Crown Resorts Agrees to Pay 22.5 Million Australian Dollars to the Government

Crown Resorts, the company that owns and operates land-based casinos in Perth, Melbourne and Sydney, has agreed to pay 22.5 million Australian dollars to the government as part of the measures established by the New South Wales Independent Liquor and Gaming Authority. This settlement came after the inquiry into the company’s activities in New South Wales found evidence that Crown’s facilities and accounts were used for money laundering. The repor ...

Apollo Makes Improved Offer for Tabcorp Wagering Division

Tabcorp, the Australian lottery and betting operator, has announced that it received an improved offer for its Media and Wagering division from Apollo Management, a global private equity giant. The offer is worth 4 billion Australian dollars and is currently being considered by the Tabcorp board of directors. Last week, Tabcorp received an offer of 3.5 billion dollars for the wagering division from Entain, the British sports betting and gambling ...

The Star Entertainment Proposes Crown Resorts Merger

The Star Entertainment Group, one of the biggest hotel and casino operators in Australia, has joined the race for the acquisition of Crown Resorts, the company that owns and operates Crown Perth, Crown Melbourne and Crown Sydney. The proposal made by The Star Entertainment Group consists in a nil-premium share exchange ratio of 2.68 shares in The Star per Crown share. There is also a cash alternative to the offer, 12.50 dollars per Crown Resorts ...

Crown Melbourne Receives Maximum Fine for Junket Failings

Crown Resorts, the most important and powerful land-based casino operator in Australia, received a hefty fine in the state of Victoria: 1 million Australian dollars for its failure to properly control junket operations at Crown Melbourne. This is the maximum possible fine under the Casino Control Act and it was imposed by the Victorian Commission for Gambling and Liquor Regulation. Ross Kennedy, the chairman of the Commission, mentioned that this ...

Tabcorp Receives New and Improved Offer from Entain

Tabcorp, the Australian lottery and betting operator, gets closer to selling its Media and Wagering division after receiving a new and improved offer from Entain. The company from the United Kingdom has confirmed that it has made an improved bid worth 3.5 billion Australian dollars. The previous offer made by Entain was worth 3 billion dollars, and it competed with similar unsolicited offers Tabcorp received from other suitors. One of those offer ...

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