Australia

A ticket-in, ticket-out system could be introduced to slot machines in clubs in Victoria, sparking an uproar from anti-gambling groups.

Over 3,000 key industry executives from the Gaming and Hospitality Industry gathered for the first day of the 28th Australasian Gaming Expo at the ICC Sydney at Darling Harbour.

The Queensland government says it has seen “significant interest” from overseas operators in regards to its two regional licenses in the state.

Australia-listed Donaco International, which operates casinos in Vietnam and Cambodia, says it has signed an accord with Mega International to refinance a loan facility with Mega Bank.

PokerStars will leave the Australian market in September after the Senate passed a bill earlier this month that bans all remote operators from offering online poker and in-play sports betting to Australian clients.

Australia’s booming sports betting industry is still seen as being attractive to foreign investors despite the merger of local incumbents Tatts and Tabcorp, which are now expected to dominate the market.

Gaming supplier Aristocrat Leisure has announced it is planning to acquire an Israeli social-gaming company Plarium for US$500 million, increasing the company’s overall exposure to the digital market.

AGS invites casino operators from around the country to experience some of its top-performing table game products, which the company plans to begin widely offering in Australia.

The last five years have seen a tumultuous business environment for casino operators in Australasia. Barely five years ago, CFOs of two of the largest concessionaires in Macau were predicting annual revenues in excess of US$100 billion by 2020. After all, they argued, less than five percent of the adults from China had been to Macau, and hence the “true” long-term potential was almost limitless.

The last five years have seen a tumultuous business environment for casino operators in Australasia. Barely five years ago, CFOs of two of the largest concessionaires in Macau were predicting annual revenues in excess of US$100 billion by 2020, driven by the China VIPs. Attracted by China's massive potential many of the region's casino operators placed their focus on the one market. Now that's changing and marketing strategies need to change too. 

 



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As operators around Asia vye for licenses in new markets, one corporate social responsibility expert suggests they should change their approach.

 

As operators around Asia vye for licenses in new markets, one corporate social responsibility expert suggests they should change their approach. Jan Jones Blackhurst, executive vice president, public policy and corporate social responsibility, at Caesars Entertainment says not enough is being done to explain what an IR is and the benefits it can bring to society. Not only can a good CSR program help to alleviate perceptions about gambling harm, it can also be a revenue driver. 



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