Company Reports

The Government of New South Wales (NSW) has rejected the proposal of Star Entertainment Group Limited to add a further 1,000 gaming machines to the gambling operator’s casino in Sydney. If the proposal was given the green light, the Star Sydney would have seen the gaming machines it hosts boosted by 67% from 1,500. Despite all hopes of the Australian gambling and casino giant, the NSW Government refused to give the needed permission to Star Entertainment Group to boost the number of gaming machines in the operator’s gambling venue in…

The Sydney Barangaroo waterfront casino of Crown Resorts is expected to bring an extra tax revenue of about AU$100 million to the Government of New South Wales (NSW) over its first year of operation. According to some market experts, the gambling floors of the Sydney casino resort would not be able to deliver as much as promised for the state’s economy, considering the elimination of the high-roller market unless a major change in its operating permit is made. As Casino Guardian reported, last week, the NSW Independent Liquor and Gaming…

Greg Knight, the managing director of JenningsBet, has admitted that the sportsbook operator is “bucking the trend” by supporting the most famous race meeting of the Newcastle, Northumberland Plate on June 24th and 25th, 2022. Recently, a large number of bookmakers, such as William Hill, which previously backed the Newcastle staying prize of £150,000, have been reducing levels of race sponsorship. This year, JenningsBet has managed to take its place in 2022 – an opportunity that was welcomed by Mr Knight, who noted that it had been difficult for his…

The second-largest casino in Australia, Star Sydney has sent a clear message to gambling regulatory bodies across the country that it intends to play by the rules. As part of its efforts to adjust its executive members, Star Entertainment’s Pyrmont casino property announced the appointment of two new general managers who will be responsible for the company’s operations in the state of New South Wales (NSW). As revealed by the gambling company, Jason Alcock and Christina Grasso have been appointed as general manager of food and beverage, and general manager…

The online gambling company BetBull Games Limited is set to cease all its gambling services in the UK as of July 3rd, 2022. The operator published a short statement on its website to inform its customers about the recently-made decision. The statement was then shared across BetBull’s official social media accounts. The gambling operator shared that the decision was not easy to make and directed its customers to check its Frequently Asked Questions (FAQ) section for more information about key dates. BetBull have made the difficult decision to cease operations,…

SIG Sports is set to purchase 38.75 million shares in PointsBet, which represent a 12.8% stake in the Australian sportsbook operator, under the provisions of a newly-announced agreement between the two companies. The price of the deal is AU$94.2 million. The agreement has been inked only a week after PointsBet rejected a takeover bid of News Corp Australia. As part of the stake acquisition, SIG Sports is now set to become the largest shareholder of PointsBet. Reportedly, the shares are set to be quoted either on June 23rd or around…

The gambling sector does not seem willing to end its association with sports, considering the latest deal signed between Everton FC and an Australian-founded cryptocurrency casino operator. Although the authorities and regulators in the UK have been trying to reduce the links between gambling companies and professional sports, especially football, neither one of the parties has been actually willing to cut its ties with the other due to mutual benefits. Earlier this month, the English Premier League (EPL) club announced that it had signed a multi-year partnership agreement with Stake.com…

The Australian Communications and Media Authority (ACMA) has busted an illegal casino-style gambling platform linked to millions of dollars by ordering local Internet Service Providers (ISPs) to suspend the website. The country’s media regulatory body moved to crack down on the online gambling platform after receiving a large number of complaints about the website, called thepokies.net, earlier in 2022. Many users complained about losing large amounts of money while gambling on the platform or not receiving their winnings after hitting jackpots. The website offers casino and pub-style simulators of poker…

The proposed AU$8.9-billion acquisition of Crown Resorts has received a final stamp of approval in the middle of the week. On June 15th, the Federal Court officially gave the green light to Blackstone’s planned takeover of the troubled Australian gambling giant. The decision of the Federal Court has been pointed out as the final hurdle in the deal’s approval process, especially after the US private equity firm has already been given the nod by the Governments in the states of New South Wales (NSW), Victoria and Western Australia. The acquisition,…

Star Entertainment claims that is fit to hold a casino operating permit in Sydney, although some significant deficiencies and failings have been found at the property. An independent review carried out by Commissioner Adam Bell SC has resulted in allegations of fraud, money laundering and criminal infiltration at the Australian gambling giant’s casino in Pyrmont. In their closing submissions issued on June 14th, the company’s lawyers noted that Star Entertainment accepted the failings and deficiencies that made it unsuitable to hold a casino licence in the past but also insisted…