Australia

Australian news outlets are tipping for Crown Resorts CEO Rowen Craigie to announce his departure from the casino company soon after Thursday’s interim results.

Ladbrokes Coral Plc has announced the appointment of Jason Scott as the interim chief executive of its Australian division.

Ainsworth Game Technology Ltd. posted net profit of A$15.2 million (US$11.6 million) for the six months ended Dec. 31, 2016, in line with its guidance released last October.

The consortium behind a proposed A$3 billion (US$2.3 billion) casino resort in Brisbane has been forced to re-draft its plans for the bridge that connects South Bank to the casino.

Any persons deriving income from wagering or racing will be banned from holding a position on the Racing Victoria board under new proposed rules for the industry.

Right-wing political group One Nation has become the latest opposer to ASF Consortium’s casino proposal at The Spit, warning it would devastate the region’s community clubs.

Australian wagering giant Tabcorp has agreed to pay a A$45 million penalty to settle a case brought on by Australia’s financial intelligence agency.

Australian wagering giant Tatts Group saw a narrowing of net profit in the first half of the 2017 fiscal year, down 16.5 percent to A$122.8 million.

The Star Entertainment Group posted net profit after tax of A$141.8 million (US$109.5 million) for the half year ended Dec. 31, 2016, according to a company filing to the ASX.

Australian retail group Wesfarmers says it is not ruling out exiting the EGM business should the government fail to push through a $1 per spin limit to poker machines nationwide.

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