Location: Australia
Star Entertainment falls to AU$471.5M loss in FY25 as remediation, regulatory hurdles continue to bite
Australia’s Star Entertainment Group has reported a statutory loss of AU$471.5 million (US$308 million) for the financial year ended 30... more
Australian PM says gambling ad ban would be hard to enforce
Australian Prime Minister Anthony Albanese, in an interview with ABC News, said his government will not be bringing in an outright ban on... more
Australia: Star’s dispute with lenders could jeopardize Bally deal
Australia’s Star Entertainment Group has described as “unacceptable” the terms put forward by its lenders to provide requested covenant... more
Novomatic submits new unconditional takeover bid for Australian slots supplier Ainsworth
European gaming giant Novomatic has submitted an alternative, unconditional bid to acquire all shares that it doesn’t currently own in... more
Australian gambling regulator bans prediction platform Polymarket
Predictions platform Polymarket is one of four gambling operators to have been banned by the Australian Communications and Media Authority... more
Star enters into binding agreement with Hong Kong partners to offload its 50% stake in Queen’s Wharf Brisbane
Less than two weeks after an initial agreement collapsed, Australia’s Star Entertainment Group has confirmed it will offload its 50% stake... more
Aristocrat has ‘momentum across the business,’ Jefferies analyst says
After checking out Aristocrat’s formal presentation at the Australasian Gaming Expo this week, Jefferies Equity Research analyst Kai Erman... more
Bally’s posts broad revenue increases in Q2
For the third straight quarter, Bally’s Corp. eschewed a quarterly earnings call. A press release summarized second-quarter results.... more
Light & Wonder to delist from Nasdaq, trade shares solely in Australia
Executives of Light & Wonder employed their second-quarter-earnings call to announce the board’s decision to pursue delisting from the... more
Betr presents higher PointsBet bid despite earlier rejection
Australian betting operator Betr Entertainment has put forward another bid to acquire rival PointsBet Holdings, claiming that the new offer... more
