Saturday, October 31, 2020
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Covid reignites Christmas island casino debate

Covid-19 has sparked a tourism boom for the Christmas as Cocos Islands as they form part of Western Australia's travel bubble and the increased visitation has reignited debate as to whether to resurrect the islands' only casino resort.
Crown Resorts

Packer protects Crown board from shareholder ire

Billionaire James Packer used his 36 percent share to protect the board of Crown Resorts and to largely save it from immediate accountability in the face of the dissatisfaction of many smaller shareholders.

JP Morgan ups forecasts for Crown/Star FY21 EBITDA

J.P. Morgan said it has raised its FY21 estimate for Star Entertainment Group's EBITDA by 10.7 percent due to stronger revenue from Queensland and better margins. However, it has downgraded the stock from overweight to neutral with a price target of A$3.50.

Australian gambling increased under Covid despite lack of venues

Australian's gambled more during the Covid-19 outbreak, despite a lack of access to venues, with the proportion who gambled four or more times a week increasing from 23 percent to 32 percent, according to the Australian Gambling Research Centre.

The Star releases chairman and CEO addresses and trading update

On Thursday morning, The Star issued a trading update combined with the chairman and CEO addresses to the firm’s Annual General Meeting.

Credit Suisse suggests Crown-Star merger

Credit Suisse believe it's time to examine the possibility of a Crown-Star tie up in light of both companies' reduced revenue from the pandemic and China's clampdown on overseas gambling activities.

Crown former chair may face ASIC referral

Crown Resorts' former Chairman Robert Rankin may be referred to Australia's Securities and Exchange Commission for failing to protect the company's staff in China, a suitability trial in Sydney heard.

Crown ends information sharing with Consolidated Press

Crown Resorts says an agreement that allows its major shareholder to receive confidential information from the company has been terminated. Also, axed is an accord for Crown to request services from Consolidated Press Holdings at predetermined hourly rates.

Tabcorp reports 21Q1 group revenues down 5.7%

Tabcorp Holdings, the Australian racing and wagering firm, has reported 21Q1 group revenues down 5.7 percent as part of its report to its Annual...
Victoria gaming regulators under increased scrutiny

Victoria gaming regulators under increased scrutiny

While it may be the executives of Crown Resorts that are squirming in their chairs under questioning these past weeks at the Sydney probity hearings, the revelations are also casting a harsh light upon the failures of the regulators in a neighboring state, the VCGLR.

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Asia turns up heat on online gambling

Singapore police have busted at least two illegal gambling operations in the past week, while across Asia authorities have moved to stamp out illicit activities, from raids on premier league matches in India, to illegal number forecasting in Malaysia.
Highlight Games enters Philippines

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Highlight Games has entered the Philippines and its sports betting products will be made available in 350 retail outlets across the country.

Two former 500. com advisers found guilty

Two former advisers to a Chinese gambling operator seeking to enter Japan’s nascent casino market were found guilty Monday of bribing a Japanese lawmaker.