Location: Australia
Bally’s Soo Kim named new Chairman of Star Entertainment Group
A day after the company’s Group Managing Director and CEO Steve McCann stepped down, Australia’s Star Entertainment Group has announced... more
Steve McCann steps down as Group CEO and Managing Director of Australia’s Star
Steve McCann, the man brought in to keep Star Entertainment Group afloat following a second finding of unsuitability to hold a NSW casino... more
Sportsbet, Tabcorp, and Entain sued over responsible gambling failures in Australia
Major operators Sportsbet, Tabcorp, and Entain, have been accused of accepting millions in stolen funds from a former financial planner and... more
Fitch upgrades Aristocrat’s credit rating on low EBITDA leverage, strong cash flow generation
Fitch Ratings has upgraded the Long-Term Issuer Default Ratings (IDRs) of Australian gaming giant Aristocrat Leisure Limited and its... more
Ainsworth expecting to report reduced revenue, profit in 2H25 on slower North American sales
Australian slots supplier Ainsworth Game Technology (AGT) says it expects to report a sequential decline in both revenue and profit in the... more
Bally’s secures $1.1B in financing as $500M New York license fee payment nears
US casino [operator] Bally’s Corp has secured $1.1 billion in new term loans that are seen as critical in solving ongoing credit and... more
Morningstar: Aristocrat stocks undervalued, have long-term room to run
Shares in Australian gaming giant Aristocrat Leisure Limited remain undervalued, with investors caught up on temporary softness in the... more
Novomatic extends by two months offer period for acquisition of Ainsworth shares
Austrian gaming giant Novomatic AG has again extended its offer to acquire from other shareholders all shares it doesn’t already own in... more
Australia’s credit card betting ban found to have had limited effect on heavy gamblers
New analysis from the economic research organization e61 Institute found that Australia’s 2024 ban on using credit cards for online... more
Star implements sweeping board changes after Bally’s rescue deal
Australia’s Star Entertainment Group has completed a boardroom makeover, with Bally’s Corp Chairman Soo Kim and President George Papanier... more
