Company Reports

Several days ago, the Victorian Gambling and Casino Control Commission (VGCCC) announced that it has decided to charge the local gambling giant Tabcorp and the Preston Hotel for permitting an underage individual to gamble. The probe now continues into other venues across the state. The investigation has alleged that the Preston Hotel’s staff members allowed a minor, aged 16, to access EGTs (so-called electronic gaming terminals) to place bets there and gamble on six occasions in the period from May to September 2022. The probe was officially launched by the…

The Victorian gambling regulatory body has ordered Crown Resorts to make sure it introduces spending limits and carded play to all of its electronic gaming machines in the state by the end of 2023. The regulator’s order basically means that all games available on electronic gaming machines at Crown Melbourne will be linked to a person’s identity through casino patrons’ gaming cards. The measure has been unveiled as part of the Victorian gambling watchdog’s efforts to tackle money-laundering schemes in the state. As part of the order, the Australian gambling…

As Casino Guardian recently reported, the Australian Communications and Media Authority (ACMA) hit Entain with a monetary penalty a few days ago. The British gambling giant faced an AU$13,000 fine for accepting illegitimate in-play bets on the final day of the LIV golf tournament that took place in Bangkok in October 2022. As revealed at the time, the fine imposed by the ACMA was the biggest allowed by law. Now, the company has acknowledged that it violated gambling laws by accepting illegal bets but also claimed that the breach occurred…

Australian banks have revealed that they support the decision of the ACT Government to suspend gamblers from using credit cards to fund online gambling transactions. However, their New Zealand subsidiaries seem to be taking a different position on the matter. As Casino Guardian already reported, the Federal Government of Australia recently announced a decision to ban the use of credit cards for online gambling services in the country, after receiving the results of a 2021 parliamentary inquiry on the matter. Apart from that, the Australian Banking Association (ABA) has also…

British gambling giant Entain Pty has faced a monetary penalty worth more than AU$13,000 for online in-play betting after it the competent Australian regulatory authority found that two of the company’s services had accepted illegal bets on a LIV golf tournament. Several days ago, the Australian Communications and Media Authority (ACMA) found that the services of the Ladbrokes and Neds brands, which are currently owned by Entain, accepted a total of 78 in-play wagers on the final day of the LIV Golf tournament that was held in Bangkok in October…

Crown Resorts has faced an AU$30-million fine by the gambling regulator in Victoria for allowing punters to cash back cheques issued to themselves – a move that only made gambling-related harm worse and probably helped the money launderers’ criminal infiltration in the company’s casino. The Victorian Gambling and Casino Control Commission (VGCCC) also shared its concerns that Crown Resorts was likely to have permitted casino patrons to use blank cheques to gamble at its Southbank casino. As the watchdog revealed, these fears were triggered by the investigation held by the…

The National Rugby League (NRL) is currently at the stage of realising its long-term plan of monetizing online sports betting in the US. If this strategy works out, it could bring the League hundreds of millions of dollars, which could be generated through different channels such as sponsorships, broadcasting fees, and gambling revenue. The strategy for cashing in on the US online sports betting market is related to the NRL’s plan to have the city of Las Vegas host two round one games next year. Executives for the NRL will…

Six Canberra clubs have received almost AU$1 million as distribution aimed at helping them become less dependent on poker machine revenue. The money is set to be redirected for covering various projects, including a conference centre, an indoor golf facility, as well as new outdoor dining areas. Reportedly, the funds have been handed to the six clubs in the capital as part of the gambling diversification fund of the ACT Government, which is still pursuing a reduction of the number of so-called pokies in the territory. According to official data,…

Finance expert Kieran Maguire shared that Sunderland owners would have to hugely change their opinion in order to see a ban on front-of-shirt gambling sponsorships in the English Football League (EFL). In an interview for Football Insider, Mr Maguire shared some thoughts on the chances of the lower tiers of English football facing a gambling sponsorship ban and the potential effect such a suspension would have on the League. As Casino Guardian previously reported, on April 13th, the English Premier League (EPL) officially revealed that top-tier clubs in the UK…

With its lucrative casino operating permits facing uncertainty, Star Entertainment has been facing some serious financial difficulties after being handed about AU$100 million in fines for the anti-money laundering failures at its NSW and Queensland casinos, and four shareholder class actions accusing the company and its former managers of failing their duties. And still, market experts claim that the worst is yet to come. Last week, the Australian casino giant hinted that it considers the possibility of selling its flagship asset in Sydney – a 28-year-old establishment that had cost…