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Ainsworth Reports Stable Profit Amid Revenue Growth and Takeover Tensions

May 13, 2025

Australia, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Game manufacturers, Economy/Finance, Oceania Casino News, Financial Press Releases

Ainsworth Game Technology Limited anticipates posting a profit before tax of approximately AU$14.0 million for the first half of calendar year 2025, in line with the AU$14.3 million achieved during the same per...

Novomatic Set to Acquire Remaining Ainsworth Shares in $336.5M Deal

Vanja Mitic

April 28, 2025

Australia, Online gaming software, Latest Casino and Gambling News, Gaming Industry News, Mobile gaming, Online Gambling News, Mergers, Acquisitions & Partnerships

Novomatic has entered into a binding agreement to purchase the remaining 47.1% of shares in Ainsworth Game Technology, aiming for complete ownership of the Australian gaming manufacturer. Having already secured...

Star Entertainment Reports $302M Loss After Securing Rescue Funding

Vanja Mitic

April 15, 2025

Latest Casino and Gambling News, Australia, World Casino News, Gaming Industry News, Casino moguls, Economy/Finance, Financial Press Releases

Star Entertainment Group has reported a first-half loss of $302 million, deepening its financial woes and prompting the urgent need for a rescue deal to ensure continued operations. The results, delayed for ove...

Crown Names New Melbourne Chair, Partners with AFL’s Harley Reid

Vanja Mitic

April 11, 2025

Australia, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Employment & Careers, Oceania Casino News

Crown Resorts is ushering in a period of renewal and growth with major updates to its leadership and brand partnerships. The company announced that The Hon. Martin Pakula will take over as Chair of Crown Melbou...

Star Entertainment Agrees Bally’s $300M Takeover Bid

Vanja Mitic

April 7, 2025

Latest Casino and Gambling News, Australia, World Casino News, Gaming Industry News, Economy/Finance, Casino moguls, Mergers, Acquisitions & Partnerships

In a transformative move, Star Entertainment Group is set to hand over the reins to Bally’s Corporation following a $300 million acquisition deal. This agreement promises to secure the Australian casino operato...

Star Entertainment Group Faces Critical Financial Hurdles as Refinancing Plans Unravel

Vanja Mitic

April 3, 2025

Latest Casino and Gambling News, Australia, World Casino News, Gaming Industry News, Casino moguls, Economy/Finance, Mergers, Acquisitions & Partnerships

The Star Entertainment Group, a prominent name in the Australian gambling sector, is currently navigating through tumultuous financial waters as its AU$940 million ($593 million) refinancing deal with Salter Br...

Victorian Parliament Advances Sweeping Poker Machine Reforms

Vanja Mitic

March 25, 2025

Gaming Law & Legislation, Australia, Latest Casino and Gambling News, World Casino News, Gaming Industry News

In a significant legislative move, the Victorian Parliament has passed the Gambling Legislation Amendment (Pre-commitment and Carded Play) Bill 2024. This bill, which recently advanced to the Legislative Counci...

Billionaire Bruce Mathieson Backs Bally’s Takeover Bid for Star Entertainment

Johnny K.

March 24, 2025

Latest Casino and Gambling News, Australia, World Casino News, Gaming Industry News, Economy/Finance, Oceania Casino News, Mergers, Acquisitions & Partnerships

Star Entertainment’s largest investor, billionaire pub and gaming magnate Bruce Mathieson, has thrown his support behind a buyout proposal from Bally’s Corporation, the American casino giant. The move comes as ...

Sydney’s Underground Casinos Flourish Amid Strict Casino Regulations

Johnny K.

March 18, 2025

Gaming Law & Legislation, Australia, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Unlicensed Operation, Oceania Casino News, Crime

As Sydney's major casinos grapple with stringent regulations and looming financial troubles, a shadowy world of illegal casinos flourishes, offering gamblers an alternative as they escape the tightening grip of...

Bally’s Bold Strategy: A $250 Million Bid for Star Entertainment’s Revival

Johnny K.

March 10, 2025

Australia, Latest Casino and Gambling News, U.S.A., World Casino News, North America Casino News, Gaming Industry News, Economy/Finance, Oceania Casino News, Mergers, Acquisitions & Partnerships

In a recent move to consolidate its position in the global casino market, Bally’s Corporation has extended a $250 million recapitalization offer to Australia's Star Entertainment. This bid, aimed at acquiring a...

Foxtel Faces ACMA Reprimand Over Gambling Advertisement Violation

Johnny K.

March 8, 2025

Gaming Law & Legislation, Australia, Latest Casino and Gambling News, Online gambling regulation, World Casino News, Gaming Industry News, Oceania Casino News, Fines, Lawsuits & Litigation

The Australian Communications and Media Authority (ACMA) has determined that Foxtel Cable Television Pty Limited breached gambling advertisement regulations during its coverage of an Australian Football League ...

Star Entertainment’s Lifeline: A Temporary Reprieve Amid Financial Turmoil

Vanja Mitic

March 7, 2025

Casino Sales, Australia, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Casino project updates, Economy/Finance, Mergers, Acquisitions & Partnerships, Financial Press Releases

In a critical move to avert immediate financial collapse, Star Entertainment Group has divested its 50% interest in the nascent Brisbane casino, securing a crucial $53 million. This financial injection comes as...

New South Wales Abandons Promised Reduction of Poker Machines

Vanja Mitic

March 5, 2025

Australia, Latest Casino and Gambling News, Gaming Law & Legislation, World Casino News, Gaming Industry News, Poker, Oceania Casino News

Prior to the state election, the NSW government had campaigned on a clear pledge to significantly reduce the number of poker machines across the state. This commitment, articulated by prominent figures like Tre...

Queensland Government Launches Comprehensive Racing Industry Review

Vanja Mitic

March 3, 2025

Greyhound Racing, Australia, Latest Casino and Gambling News, Horse Racing, Gaming Industry News, Horse Racing, Oceania Casino News

The Queensland Government has announced a significant review of the state's racing industry, marking the most extensive evaluation of its kind in over 25 years. A newly released discussion paper seeks input fro...

Victoria Gambling Regulator Fines Peninsula Club Over Underage Gambling

Vanja Mitic

March 3, 2025

Gaming Law & Legislation, Australia, Casino News, Latest Casino and Gambling News, World Casino News, Gaming Industry News, Oceania Casino News, Fines, Lawsuits & Litigation

The Victorian Gambling and Casino Control Commission (VGCCC) has imposed a $7,000 fine on the Peninsula Club in Dromana after it was found to have violated underage gambling regulations. The venue, operated by ...

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Ainsworth Reports Stable Profit Amid Revenue Growth and Takeover Tensions

Novomatic Set to Acquire Remaining Ainsworth Shares in $336.5M Deal

Star Entertainment Reports $302M Loss After Securing Rescue Funding

Crown Names New Melbourne Chair, Partners with AFL’s Harley Reid

Star Entertainment Agrees Bally’s $300M Takeover Bid

Star Entertainment Group Faces Critical Financial Hurdles as Refinancing Plans Unravel

Victorian Parliament Advances Sweeping Poker Machine Reforms

Billionaire Bruce Mathieson Backs Bally’s Takeover Bid for Star Entertainment

Sydney’s Underground Casinos Flourish Amid Strict Casino Regulations

Bally’s Bold Strategy: A $250 Million Bid for Star Entertainment’s Revival

Foxtel Faces ACMA Reprimand Over Gambling Advertisement Violation

Star Entertainment’s Lifeline: A Temporary Reprieve Amid Financial Turmoil

New South Wales Abandons Promised Reduction of Poker Machines

Queensland Government Launches Comprehensive Racing Industry Review

Victoria Gambling Regulator Fines Peninsula Club Over Underage Gambling

Flutter Entertainment Acquires Majority Stake of Brazilian Operator NSX Group via $350M Deal

HG Vora Escalates Proxy War Against Penn Over Board Seats and Strategy

Evolution Launches Super Color Game, Inspired by Filipino Tradition with Up to 1000x Multipliers

Brazil’s Ministry of Sports and Sportradar Join Forces to Combat Match-Fixing

Pete Rose, ‘Shoeless’ Joe Jackson Now Eligible for MLB Hall of Fame