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Annual net loss at Casino Canberra grows despite rise in revenues

March 15, 2017

Latest Casino and Gambling News, Australia, Casino expansion projects, Economy/Finance

In Australia, Casino Canberra has reportedly released its financial results for 2016 showing that its loss has widened to approximately $5.9 million while it is now standing in a negative net asset position wit...

Multi-billion dollar Gold Coast casino resort project under spotlight

Lars Jones

March 13, 2017

Latest Casino and Gambling News, Australia, Casino News, Casino project updates, Fines, Lawsuits & Litigation

China State Construction Engineering Corporation (CSCEC), a state-owned enterprise of the Chinese government whose subsidiary China Construction America (CCA) has some history of complicated casino resort const...

Tabcorp Holdings Limited’s plan to buy Tatts Group comes under scrutiny

Adam Morgan

March 9, 2017

Australia, Latest Casino and Gambling News, Horse Racing, Sports betting, Mergers, Acquisitions & Partnerships

In Australia, the national competition regulator has expressed concerns about Tabcorp Holdings Limited’s proposed $4.44 billion plan to buy rival Tatts Group due to the effect the proposed merger could have on ...

Crown Resorts set to begin A$500 million debt retirement

Lars Jones

March 6, 2017

Latest Casino and Gambling News, Australia, Economy/Finance

Crown Resorts Limited (CWN:ASE) announced on the Australian Stock Exchange Monday that they intend to buy-back approximately A$500 million (about US$379m) worth of ordinary shares any time over the course of th...

Rowen Craigie reportedly set to leave Crown Resorts Limited

Adam Morgan

February 22, 2017

Australia, Latest Casino and Gambling News, Gaming Industry News

Australian casino operator Crown Resorts Limited is set to unveil its annual interim financial results tomorrow and reports abound that the occasion will also see the firm’s long-serving Managing Director and C...

Australian Online Poker Alliance gains support with proposed amendment

Sadonna Price

February 22, 2017

Latest Casino and Gambling News, Australia, Online gambling regulation, Online Poker

Poker players in Australia have been worried since November about the potential to lose access to their favorite game due to the Interactive Gambling Amendment Bill 2016. The bill is being pushed by the country...

Competition and delays hit Ainsworth Game Technology Limited half-year profits

Adam Morgan

February 21, 2017

Latest Casino and Gambling News, Australia, Economy/Finance

Competition in its home market and regulatory delays in North America have led to Australian slot machine innovator Ainsworth Game Technology Limited recording a 37.8% decrease year-on-year in net profits for t...

Racing Victoria may ban active industry from new board

Lars Jones

February 20, 2017

Latest Casino and Gambling News, Australia, Horse Racing

A new board will soon be appointed to oversee Thoroughbred horseracing in the State of Victoria, Australia, and they'll apparently be under the microscope for any conflicts of interest or appearance of impropri...

Tabcorp Holdings Limited agrees to pay fine for anti-money laundering breeches

Adam Morgan

February 16, 2017

Latest Casino and Gambling News, Australia, Mergers, Acquisitions & Partnerships, Fines, Lawsuits & Litigation

In Australia, sportsbetting and gaming operator Tabcorp Holdings Limited has reportedly agreed to pay a fine worth approximately $34.6 million in order to settle a money laundering case brought by the governmen...

Australian casino operator to reduce reliance on Chinese high-stakes gamblers

Adam Morgan

February 16, 2017

Australia, Latest Casino and Gambling News, Economy/Finance

In the wake of November’s arrests in China of 18 employees of Crown Resorts Limited, fellow Australian casino operator The Star Entertainment Group Limited has reportedly announced that it intends to reduce its...

American casinos win $117 billion in 2016: Report

Kim M

February 13, 2017

U.S.A., Australia, Latest Casino and Gambling News, Gaming Law & Legislation, China, Online gambling regulation, Economy/Finance, Japan

The U.S. leads the world in gambling losses by country with Americans losing $116.9 billion last year, according to The Economist’s citing of data from U.K.-based H2 Gambling Capital (H2G), a betting and gaming...

Sky City NZ revenue offsets Australia VIP turnover drop

Alex Lanter

February 13, 2017

Latest Casino and Gambling News, Australia, New Zealand, Economy/Finance, Financial Press Releases

The Sky City Casino in Auckland had impressive profits in the first half to December, overshadowing the operator’s Australian properties, according to a financial report from Sky City Entertainment Group. The A...

Crown Resorts Limited wins approval to build Melbourne skyscraper

Adam Morgan

February 9, 2017

Latest Casino and Gambling News, Australia, Casino expansion projects

In Australia, casino giant Crown Resorts Limited has reportedly been given permission to build a 90-story skyscraper next door to its Crown Melbourne complex that will house 388 six-star hotel rooms along with ...

Proposed Gold Coast integrated casino resort could create more than 13,000 jobs

Adam Morgan

February 7, 2017

Casino proposals, Australia, Latest Casino and Gambling News, Employment & Careers

In Australia, the developer behind the plan to build a $1.5 billion integrated casino resort in south-eastern Queensland has reportedly declared that the project would create more than 13,000 permanent and temp...

Clubs NSW agrees ten-year CrownBet deal in New South Wales

Adam Morgan

February 7, 2017

Australia, Latest Casino and Gambling News, Sports betting, Mergers, Acquisitions & Partnerships

In Australia, casino operator Crown Resorts Limited has announced that its CrownBet online sportsbetting service has signed a ten-year deal to serve as the official betting partner for Clubs NSW. Sydney-list...

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Annual net loss at Casino Canberra grows despite rise in revenues

Multi-billion dollar Gold Coast casino resort project under spotlight

Tabcorp Holdings Limited’s plan to buy Tatts Group comes under scrutiny

Crown Resorts set to begin A$500 million debt retirement

Rowen Craigie reportedly set to leave Crown Resorts Limited

Australian Online Poker Alliance gains support with proposed amendment

Competition and delays hit Ainsworth Game Technology Limited half-year profits

Racing Victoria may ban active industry from new board

Tabcorp Holdings Limited agrees to pay fine for anti-money laundering breeches

Australian casino operator to reduce reliance on Chinese high-stakes gamblers

American casinos win $117 billion in 2016: Report

Sky City NZ revenue offsets Australia VIP turnover drop

Crown Resorts Limited wins approval to build Melbourne skyscraper

Proposed Gold Coast integrated casino resort could create more than 13,000 jobs

Clubs NSW agrees ten-year CrownBet deal in New South Wales

Star Warns $400M Fine Could Trigger Collapse in AUSTRAC Junket Case

Hong Kong Eyes Legal Basketball Betting with 50% Tax on Net Profits

Crypto.com Takes Nevada Gaming Regulators to Court Over Block on Sports Event Contracts

Caesars Palace Wheel of Wins Expands to Michigan and Ontario After Success in New Jersey

Osceola County Sheriff Marcos Lopez Arrested in Massive Gambling Operation Scandal in Florida