Australia

Regulators, operators and sports bodies need to improve international cooperation if they are effectively to tackle match fixing, which experts say is increasingly centred on Asia.

The Queensland government has yet to do the due diligence on the finances of the ASF Group, a China-backed consortium building a $3 billion integrated resort on the Gold Coast, the Gold Coast Bulletin reported.

An effort to exclude poker from a bill that will outlaw online gambling in Australia failed and the legislation has now been approved by the Senate.

Queensland is seeking expressions of interest for a third casino in the state after plans for an A$8.1 billion dollar ($6.2 billion) investment from the Aquis Group, backed by Hong Kong investor Tony Fung, were dropped.

Crown has recently re-focused its efforts on expanding its Australian business in the wake of the Chinese VIP crackdown and the arrest of 18 of its employees on “gambling related” charges.

Gambling tycoon James Packer has raised just over $100 million ($77 million) from the sale of subordinated notes in operator Crown Resorts, according to a filing with the Australian Stock Exchange.

Tabcorp said it is maintaining its dividend targets this year after a Federal Court approved a A$45 million ($35 million) penalty to settle a case with financial intelligence agency Austrac.

The Aquis Group’s Casino Canberra saw higher gross gaming revenue in February, helped by a refurbishment of the property and targeted marketing programs.

Revenue from electronic gaming machines in the Australian state of Queensland were down 2.4 percent compared with the same period a year earlier, though the Gold Coast is bucking the negative trend with a gain of 2.3 percent year-over-year.

Australia-listed Tabcorp has lodged an application with the Australian Competition Tribunal for authorization to proceed with its merger with Tatts Group.

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