Australia

Racing Victoria’s acting chief executive Giles Thompson has been appointed as the body's chief executive on a permanent basis.

Australia-listed Crown Resorts has brushed off rumours of being in partnership with the ASF Group, developer of the proposed A$3 billion (US$2.3 billion) casino resort on the Gold Coast’s Spit.

Private equity group Pacific Consortium has sweetened its offer for the proposed takeover of Tatts Group, making an all cash offer of A$7.2 billion, or A$4.21 cash per Tatts share.

Tabcorp has agreed to divest its gaming machine monitoring business as part of the process for securing approvals for its proposed merger with Tatts Group.

Tabcorp will soon be announcing a five-year partnership with the Australian Hotels Association which will allow pubs to be incentivized for bets placed by customers using the TAB app.

Novomatic says it will intensify its work in Australia, Asia and North and South America, following the acquisition of a controlling stake in Ainsworth Game Technology.

32Red has become the latest online gaming operator to cease operations in Australia ahead of the likely passage of the Interactive Gambling Amendment Bill.

Jupiters Hotel and Casino, operated by The Star Entertainment Group, has officially been renamed as The Star Gold Coast.

South Australia’s Minister for Consumer and Business Services John Rau said he would call Friday for more decisive action to be taken to prevent harm from online gambling, saying current proposals are “cosmetic and inadequate.”

A small change to Australian gambling law in 2015 is now having an impact on the wider industry. The amendment highlights why many are concerned about the market’s ability to support some of the multi-billion dollar IR projects being planned.

 

A small change to Australian gambling law in 2015 is now having an impact on the wider industry. The amendment highlights why many are concerned about the market’s ability to support some of the multi-billion dollar IR projects being planned. With Australian's gambling preferences still focused on pokies and VIP revenue declining, who will fill these properties?

 



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