Company Reports

The Australian Communications and Media Authority (ACMA) has cleared the largest sports betting operator in the country, Sportsbet, of any allegations of wrongdoing after the company faced some accusations that it had violated the existing ban on in-play betting in Australia. Earlier this year, the government statutory authority targeted the sports betting company over the release of an allegedly suspended betting offer in terms of the Brownlow Medal, which the best AFL (Australian Football League) player receives every season. The recipient of the prize is decided by umpires at the…

The British gambling and sports betting brand Ladbrokes has become the first gambling operator that faced sanctions from the Advertising Standards Authority (ASA) after the regulator unveiled its new gambling regulations. The advertising watchdog has suspended several tweets of the gambling brand featuring football players from the English Premier League (EPL) after finding that the tweets could be found appealing to underage individuals. A promoted Ladbrokes tweet, seen in October 2022, contained an embedded video featuring EPL footballers Jesse Lingard, Philippe Coutinho and Kalidou Koulibaly, along with the question of…

The Norwegian Gambling Authority (Lotteritilsynet) announced it has decided to again put the daily fines against the Kindred Group on hold after determining the company’s Trannel subsidiary is not illegally targeting online players based in the country. The drama commenced in early September when the gambling watchdog unveiled plans to start imposing daily fines of NOK1.198 million, or approximately £99,919, against the operator for targeting local players without a proper licence. The penalty was supposed to come into effect three weeks after the announcement. The regulator changed its stance in…

On Monday, Australia’s Star Entertainment Group had its shares decline almost 18% following the New South Wales (NSW) government’s proposal of raising casino poker machine taxes in the state next year. If the new tax rate is approved, it will come into effect in July of next year and could potentially raise additional revenue of AU$364 million over the course of the following three years. To support the NSW proposal, Matt Kean, NSW Treasurer, ensured that the money, which will be raised through the increased tax would go to support…

Earlier this week, the corporate watchdog of Australia started legal action against former and current executives and directors of The Star Entertainment. The enforcement action followed public investigations into the gambling giant’s operations in New South Wales (NSW) and Queensland. The Australian Securities and Investment Commission (ASIC) officially revealed that it has initiated civil proceedings in Federal Court against 11 people associated with The Start Entertainment, including former CEO Matthias Bekier, former chair John O’Neill, Sally Pitkin, Gerard Bradley, Richard Sheppard, Kathleen Lahey, Zlatko Todorcevski, and Ben Heap. The country’s…

Townsville-based Ville Resort Casino has been charged with violating the casino laws in Queensland only several days after the company operating a Cairns casino faced a monetary fine for involving in collaboration with a junket operator. The gambling regulatory body of the state has held months of investigation over the allegations of an unlawful junket operation taking place at the luxury gambling venue after in February it learned some claims of unapproved junket agreements at the Ville Resort Casino. Under the provisions of the Queensland casino legislation, certain arrangements or…

Things are getting extremely serious for Star Entertainment Group after a few days ago the company was hit with regulatory fines worth AU$100 million as a result of some “major failures” at its casino venues. As part of the regulatory enforcement measures, a special manager has been appointed to oversee the company’s operations in the state of Queensland. Star Entertainment has also been given a period of 12 months to get its business in order. If the casino does not manage to do so, it will have the licence for…

A casino operator situated in the far north part of the state of Queensland has faced a monetary fine for partnering with a junket tour operator in an effort to attract more customers to its venue. The Magistrates Court of Cairns heard that the Reef Hotel Casino paid betting vouchers worth AU$21,400 to Lawrence Fu to bring patrons to its gambling floor. The payment represented a 0.05% share of the casino’s turnover from players. The casino also made payments for Mr Fu’s airfares to Far North Queensland and his transfers…

The financial crimes regulator of Australia is set to commence civil penalty proceedings against the Adelaide-based casino of SkyCity. The Australian Transaction Reports and Analysis Centre (AUSTRAC) has alleged that the Adelaide casino of the gambling giant has not complied with the anti-money laundering (AML) and counter-terrorism financing (CTF) laws of the country. The civil proceedings faced by SkyCity Entertainment Group come after an investigation into the casino operator that was initiated by the financial watchdog in 2021 as part of its industry-wide compliance campaign. Peter Soros, the deputy chief…

UK Gambling operator Grosvenor Casinos has officially unveiled a rebranding as part of its newest strategy aimed at helping it reposition in the market. As the iconic casino company shared, the rebranding move has been triggered by the desire to offer a more modern casino experience to customers. According to an announcement issued by the operator, the rebranding will be launched across 52 venues of Grosvenor Casinos, as well as online, with the brand set to be recreated as more “stylish” and entertaining. Furthermore, the company shared that the planned…