Location: Australia
Second anti-money laundering unit formed to crack down on ‘high-risk’ Australian gambling industry
Australia’s financial crime watchdog has launched a second specialist unit in response to the increasing threat of money laundering within... more
Gambling industry’s free event tickets to Australian lawmakers raise fears of potential conflicts of interest
The gambling industry has given federal politicians about 150 free tickets to sporting events, shows and hospitality since the 2019... more
Victorian regulator preparing “Plan B” to continue casino ops if Crown’s Melbourne license revoked, but remediation efforts “pleasing”
The Victorian Gambling and Casino Control Commission (VGCCC) is actively working on what it calls its “Plan B” with the goal of ensuring... more
Aussie pub and poker machine baron becomes Star Entertainment Group’s largest shareholder
One of Australia’s richest men, pub and poker machine baron Bruce Mathieson, is now equal largest shareholder in troubled Star... more
Australia’s financial regulator claims credit for AU$150 million in impairment provisions in Star’s 1H23 financials
Australia’s financial regulator ASIC said this week that it was responsible for casino operator Star Entertainment Group including an... more
Star Entertainment Group to raise equity after falling to US$858 million loss in 1H23 on regulatory woes
Australia’s Star Entertainment Group on Thursday reported a net loss after tax of AU$1.26 billion (US$858 million) for the six months to 31... more
Trade union warns massively increased casino pokies tax in NSW will cost jobs
A key Australian trade union has warned the New South Wales government that casino workers will lose their jobs if it proceeds with a plan... more
SkyCity sees revenues, profit bounce in 1H23 but warns regulatory actions could take two years to resolve
New Zealand’s SkyCity Entertainment Group has reported a 168% increase in net profit after tax to NZ$22.8 million (US$14.5 million) for the... more
Judge slams AUSTRAC for time taken to action court proceedings against Crown Resorts
Australia’s financial crimes watchdog AUSTRAC has been slammed by the federal judge presiding over its case against casino giant Crown... more
Star warns of major hurdles to earnings at The Star Sydney on increased casino duty rates, regulatory challenges
Australia’s Star Entertainment Group has warned that the future earnings capacity of The Star Sydney could be seriously harmed should the... more
