Location: Australia
Australia: Star chief executive warns liquidity at ‘critical point’
Star Entertainment chief executive Steve McCann has warned the casino group is still experiencing negative monthly cash flows, and begged... more
Australian gambling advertising reforms shelved as election looms
Australia’s government has shelved proposed gambling advertising reforms, sparking widespread reactions from media entities, social justice... more
In Australia, financial stress and cultural differences make migrants particularly vulnerable to gambling harms
Australians lose around A$25 billion [US$16 billion] on legal forms of gambling each year, representing the largest per person losses in... more
Flutter Entertainment’s first stock buyback highlights Q3 earnings call
Peter Jackson, CEO of Flutter Entertainment, hailed an “excellent” third quarter in a November 12 earnings call. He also took the occasion... more
Aristocrat sells fantasy mobile games publisher to Swedish firm for $820M
Aristocrat Leisure has sold mobile gaming business Plarium Global for $US820 million as it returns its focus to making money from poker... more
Star reports AU$18 million EBITDA loss in September quarter
Australia’s Star Entertainment Group has reported an AU$18 million (US$12 million) EBITDA loss for the three months to 30 September 2024,... more
Analyst: Phoenix Link fuels Aristocrat’s hopes
Jefferies Equity Research analyst Kai Erman in an October 24 investor note described the climate for Aristocrat Leisure as “supportive,” in... more
Crown Resorts reveals narrowed AU$165 million loss in FY24 but flat revenues show operating challenges remain
Australia’s Crown Resorts has announced a narrowed AU$164.8 million (US$111 million) loss for the 12 months to 30 June 2024, although the... more
NSW regulator refrains from revoking Star’s Sydney license
The NSW casino regulator has refrained from revoking Star Entertainment Group’s Sydney casino license, opting instead to fine the company... more
Blackstone quietly injects almost $500 million into ailing Crown Resorts
Blackstone quietly injected almost half a billion dollars in cash into Crown Resorts last year as the asset management giant attempted to... more
