Monday, December 17, 2018
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NZ race reform hits hurdles

The Minister of Racing is now taking a more cautious approach to reform of the racing industry after intense lobbying from racing clubs, warnings that the reforms are unworkable and signs from his majority coalition partner that it will not support some of the proposed changes.

Donaco plans strategic review, debt restructuring

Australia-listed Donaco International said it’s conducting a strategic review of its businesses, including a potential restructuring of an almost $40 million debt to Mega Bank.

Donaco’s Lim to take three-month hiatus

Australia-listed Donaco International on Thursday announced that its chief executive, Mr. Joey Lim will be taking a three-month hiatus to “deal with health and...

14 now charged in race-fixing inquiry

Twelve more charges alleging race fixing have been laid against nine defendants including one new defendant in the New Zealand Police’s race-fixing inquiry. This...

Reef Casino Trust sees lower 2018 profit

Reef Casino Trust, a unit of Casinos Austria and Accor Casino Investments, says it expects lower profit in the 2018 financial year, due to a slower Chinese economy, competition from local slots and lower hotel rentals.

Australia launches online wagering harm protection framework

The Australian government has introduced the country’s first national protection scheme for harm related to online wagering. On Friday last week, Federal Minister for...

SKYCITY faces Queenstown license dilemma

SKYCITY has a problem in Queenstown, New Zealand’s premier resort town and it knows there are no easy solutions.

Aristocrat saw strong growth from US and ANZ business in FY18

Australian slot supplier Aristocrat Technologies reported a 44.7 percent rise in revenue for the year ended September 30, 2018, driven by record results from...

Ainsworth warns profit decline in first half of FY19

Ainsworth Game Technology has announced it is expecting a 29.2 percent year-on-year decrease in profit for the first half of FY19, due to “highly...

IPI forced to let go of 100 employees this week

Nearly a hundred employees of Imperial Pacific International have been laid off this week, as the post-typhoon tourism slump continues, according to a report...

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SKYCITY faces Queenstown license dilemma

SKYCITY has a problem in Queenstown, New Zealand’s premier resort town and it knows there are no easy solutions.

14 now charged in race-fixing inquiry

Twelve more charges alleging race fixing have been laid against nine defendants including one new defendant in the New Zealand Police’s race-fixing inquiry. This...

Global gaming growth to decelerate in 2019: Fitch

Global gaming growth is expected to decelerate with the slowdown of the Chinese economy, stiffening European regulations and the tapering of recovery in Las...