Australia

Canberra Casino may soon be allowed to install 60 fully-automated table games and 200 slot machines under new legislation proposed by the ACT government on Thursday.

Tangam Systems has announced it has entered into a five-year agreement with The Star Entertainment Group, which includes expanding Tangam’s Table Games Yield Management (TYM) software to The Star Entertainment Group’s Queensland properties.

Australian casino operator The Star Entertainment Group says it is looking forward to the 2018 Commonwealth Games, which it expects will generate “phenomenal” activity at its Gold Coast casino and hotel.

Australia-listed Silver Heritage Group posted a widened loss of US$3.5 million for the first half of 2017, compared to US$1.6 million in the prior year period.

Australia-listed Star Entertainment Group reported record statutory earnings for the 2017 financial year, helped by strong domestic revenue growth in the second half of FY17.

The Star Casino will be allowed to give credit to international high-rollers in the same way as Crown will under the government’s proposed new set of casino regulations.

Lotteries and wagering giant Tatts Group posted a 5.7 percent decline in net profit for the financial year ending June 30, 2017, impacted by fewer major jackpots, and poor weather in the racing season.

The Australasian Gaming Expo’s return to where it started 28 years ago at Darling Harbour, has been an outstanding success.

Australian operators are concerned a point of consumption tax introduced in South Australia may go national, which they say could potentially render the wagering industry unprofitable.

Australian operators are concerned a point of consumption tax introduced in South Australia may go national, which they say could potentially render the wagering industry unprofitable. The measure is an attempt to tax money where it is actually earned, effectively preventing online companies from enjoying tax arbitrage by basing their operations in a low tax state while offering their services across the country.



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