Tuesday, February 25, 2020
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Echo makes surprise Sydney compromise offer

  Echo Entertainment Group Ltd. unveiled some details from its final proposal for a A$1.1 billion ($1 billion) expansion of The Star casino in Sydney...

Tatts and Tabcorp win tax case

  The Supreme Court of Victoria ruled in favor of a challenge by Tatts and Tabcorp to a combined A$84.6 million ($78 million) in levies...

Echo calls for bigger bills in Queensland machines

  Echo Entertainment Group Ltd., which operates three casinos in Queensland, has proposed that the state allow its gambling machines to accept A$50 ($46) and...

Sportsbet backs down over ad

  Betting agency Sportsbet agreed to remove a controversial ad painted on a field near Melbourne airport under threat of legal action by the Victoria...

Tabcorp extends NSW monopoly

  New South Wales agreed to extend Tabcorp Holdings Ltd.'s retail betting monopoly in the state for 20 years in return for A$75 million ($71.1...

Echo takes fight to Crown at deadline

  Crown Ltd.'s proposed Sydney casino would reduce New South Wales' gambling tax collections by A$14 million ($13.3 million) through 2025 rather than add A$114...

Genting raises Echo stake

  Malaysia's Genting Group raised its stake in Echo Entertainment Group Ltd. to 6.6 percent from 5.22 percent via its Hong Kong-listed unit. Genting's Singapore...

Parliament warns on control of betting ads

  A parliamentary inquiry into sports betting advertising ended with a call for legislation if the industry fails to better regulate itself. Some steam was...

Fung in $2.9 billion Cairns resort plan

  Hong Kong businessman Tony Fung visited Cairns for talks on his proposal for a A$3 billion ($2.9 billion) casino resort. The project would include...

ACT proposes criminalization of match fixing

  The Australian Capital Territory government proposed legislation that would make both match fixing and using inside information for betting criminal offenses. The bill is...

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