SGR ASX: Casino operator Ballys Corporation checks out Australias Star Entertainment

The financial crime watchdog says the court should disregard casino operator’s threat that it would collapse under the weight of a $400 million fine. While the state has already rejected a request from the Blackstone-owned Crown for poker machines in Sydney, the two companies are hoping for other reprieves. The two ASX-listed bookmakers have been at odds since the arrival of Japanese social media and entertainment giant Mixi this year. A deadline for the blow-up of a deal with the casino operator’s Hong Kong investors is approaching. The so-called “entertainment complex” Bill was a key plank for the Pheu Thai party, aiming to legalise casinos and boost the nation’s spluttering economy by making it a regional gambling hub.

A guest with a China Union Pay cashcard made an unusually large withdrawal via EFTPOS at the casino hotel. “That would be unconscionable by Labor. The Greens are ready to work with Labor to pass this pokies reform right now. We have the numbers in parliament, so what are Labor waiting for?” she said. The laws have the support of the Greens, Animal Justice Party and the Legalise Cannabis party, meaning they could pass the upper house without major negotiation. The ABC understands that the government https://www.gambling360.com/australia/casino-reviews/ will debate the bill in the coming two weeks of parliament, under a plan that will defer the statewide scheme until well after the 2026 election. News”Suing a multi-billion dollar company in a painful, public and possibly protracted way was certainly not on my bucket list.”

Gambling giant opposes Hobart stadium it says will ‘dominate the landscape’

The committee, chaired by the late Labor MP Peta Murphy, also recommended a ban on inducements and advertising. “They lure people with inducements such as free credits and large matched bets, even hospitality.” She says offshore agencies are aware of what a lucrative market Australia is and are deliberately targeting people like Mr Kempster. He wants to know why self-excluded gamblers can still be contacted by wagering companies, and how it is that their personal details are being accessed by companies they’ve had no previous contact with. “Every single one tells me that they feel trapped by the industry, by the amount of advertising that’s on TV. “It only takes one call for someone like me who hasn’t got the support networks around me to fall back into addiction,” he says.

The final days of the CNY holiday week showed improvement for Macau’s casinos, with more to come as quarantines lifted. “Junket business normally would have complications in the background… this could involve illegal activities, association with triads or even being triad members themselves,” he said. OLGR investigators were also “very concerned” about the suitability of his heir, Henry Cheng, who was “generally uncooperative” when asked about the family’s involvement in a Macau casino — via a company that later explored a deal to buy Suncity. The investigation report, released last month by the Crisafulli government, shows the original probity checks raised red flags. Had that happened, Suncity would “likely have had a significant involvement in the introduction of international VIP players” to Brisbane, according to the OLGR. By contrast, the Brisbane casino is proving a lucky bet for one Chinese partner in particular, especially given its own chequered history with Chau.

• Hong Kong’s Chow Tai Fook Enterprises and Far East Consortium, which each own 25 per cent of the Brisbane complex, said in March they would buy Star’s 50 per cent stake as well as the Treasury hotel and carpark.
• The Australian Communications and Media Authority says the most effective way to disrupt such services is to block access to their websites from Australia.
• “We will consider any requests that come forward but I will reiterate what I said – we only have one focus and that is the jobs and the continuity of jobs regardless of who runs that facility (Queen’s Wharf),” he told reporters.
• The only area of gaming and gambling where we appear to be lacking is in the area of legislation and oversight.
• One of the men, a billion-dollar Chow Tai Fook shareholder and co-founder of its jewellery business, was loaned the money on a “handshake” and charged no interest.

Lucky region has 15 players win Lotto’s Second Division

A GambleAware-backed study is investigating the best practices for treating gambling harm among neurodiverse people. A 2022 NSW inquiry found damning evidence of money laundering and counter-terrorism failings at the groups’ Sydney casino while a 2024 probe found more breaches. Star Entertainment has narrowly dodged financial collapse with thousands of jobs saved after a US casino giant swooped in to rescue the flailing business.

IGB spoke to Gil Tal, founder of PayConsult, to get his insight on business models, migrating from white label to turnkey models and the future of the payment landscape. It seems the crypto casino operators are keen to emulate their heroes in more ways than one. Crown is currently not permitted to operate poker machines at its Sydney casino under its licence with the NSW government. As Australia prepares for the government to finalise its gambling advertising restrictions, we take a look at what’s happened in a nation where bans have already been implemented. The Minns government last year wound back the previous Perrottet government’s commitment to have cashless gaming by 2028 — which would more easily identify problem gamblers and money-laundering activities — and instead decided upon a “trial”. When they arrived, most were stunned to find the city and the entire state riddled with “clubs” — non-profit ventures filled with poker machines.

By the time its new Brisbane casino opened on August 29, 2024, that had plummeted to 57 cents a share, making it difficult for the company to raise funds and keep its new business operating. The second arrived via recently released budget forecasts that show revenue from gambling will hit $2.6 billion this financial year and surge to more than $3 billion by 2028. That’s hardly the result you would see in a state that wants to reduce the amount of money being shovelled into the machines. Days before his directive, ILGA chair Caroline Lamb was recorded telling an event that the gaming industry had “no social licence to rape and pillage the community”. But The Daily Telegraph got wind of her comments and was in a lather, so Harris felt the need to look and sound tough. Mr Kempster gave evidence to the parliamentary inquiry and wants the Albanese government to adopt all its recommendations.