Company Reports

At its November 2022 meeting, the Monash City Council adopted a new Public Health Approach to Gambling Harm Policy as part of its commitment to support its community to lead happy and healthy lives. The endorsement of the new policy is set to enhance the Monash Council’s commitment to reduce gambling-related harm both within the city of Monash and also in the country. As representatives of the City Council noted, the body’s members are aware of the fact they are the closest level of Government to the local community, so…

Everyone who has ever had anything to do with the gambling industry knows that bookmakers usually promise to provide players with free bets, refund their bets or double their deposit under certain circumstances. Such offers are usually accompanied by some disclaimers that clarify the conditions of the bonus that often cannot be used for anything except for playing more bets that could only cost more money to players. However, such deals could become unavailable in Queensland because the money they provide punters with is now considered taxable revenue for gambling…

The UK Gambling Commission (UKGC) revealed that AG Communications has been hit with a £237,600 fine for its failure to stick to the country’s anti-money laundering (AML) laws. Apart from the monetary penalty, the operator, which currently trades as Aspire Global and operates 66 online gambling platforms in the UK, is to also receive an official warning from the country’s gambling regulatory body. In addition, it will have some new conditions added to its operating licence. As reported by the UKGC, the operator breached the anti-money laundering rules by being…

Star Entertainment now faces more civil penalties due to allegations that it has left customers to use risky back channels to move cash around and has continued to service customers exposed at higher risks in violation of federal anti-money laundering laws. The Australian Transaction Reports and Analysis Centre (AUSTRAC) filed a case against the company listed on the Australian Securities Exchange (ASX) in the federal court on November 29th, 2022, after putting an end to a joint probe with police forces and gambling regulatory bodies in New South Wales (NSW)…

A company based in Norfolk has been able to retrieve more than £1 million that had been stolen from it after one of its employees misappropriated the money to feed their problem gambling behaviour. According to reports from the Eastern Region Special Operations Unit (ERSOU), SealSkinz, a waterproof accessories seller based in Norfolk, got back voluntary cashback amounting to a total of £1.2 million from the gambling companies that the fraudster spent the misappropriated funds on. The senior financial investigation manager at ERSOU, Paul Fitzsimmons, shared that the case once…

Andrew Wilkie, an independent Member of Parliament, has introduced a new private member’s piece of legislation to the Parliament. The bill seeks to bring some restrictions to video games featuring loot boxes and make them accessible only to players who are over 18 years old. According to an explanatory memorandum circulated by the MP himself, the Classification (Publications, Films and Computer Games) Amendment (Loot Boxes) Bill 2022 seeks to bring regulation to the way video, computer and online games containing so-called in-game items, including loot boxes, are classified. Mr Wilkie,…

Crown Resorts unveiled the launch of a new transformative programme aimed at bringing significant changes to the corporate structure, policies, and operations of the company in order to guarantee the business a brighter future. Earlier this week, the company, which is currently the largest owner and operator of integrated casino resorts in the territory of Australia, announced the implementation of a multi-year programme called “Future Crown” which seeks to transform the business while at the same time provide its customers with unique gaming experience. As revealed by Crown Resorts, the…

Australian betting company Tabcorp has started legal action against Entain and the New South Wales (NSW) division of the Australian Hotels Association (AHA) over their alleged failure to unveil enough information regarding the advertising deal they have recently agreed on in the state. The beginning of the week saw Tabcorp commence legal proceedings against AHA’s NSW unit and Entain in New South Wales’ Supreme Court. The largest gambling operator in Australia is seeking preliminary disclosure from the two parties. Representatives of the company wrote to both groups to warn them…

It seems that the recent ban on sports betting partnership agreements has not been enough to prevent UK football stars from emerging as local gambling and betting operators to promote wagering on FIFA World Cup matches. The partnerships in question have caused controversy because the adverts are not in line with the spirit of the regulations under which the use of celebrities for the promotion of gambling services is not allowed. According to media reports, a number of top sports betting operators are using popular football players as brand ambassadors…

The company that is set to take over the fourth 10-year operating licence for the UK National Lottery – Allwyn – has agreed to purchase the incumbent NL operator Camelot. The deal is expected to make the handover of the operation permit easier and put an end to the legal proceedings over the procurement process. The newly-announced deal is set to close early in 2023. It will be subject to approval from the country’s gambling regulatory body, the UK Gambling Commission (UKGC). According to a person familiar with the situation,…