Good Morning. Regulators are out in force in Australia, continuing their crackdown on the industry, now fining Crown Resorts some $13.8 million over an alleged tax breach in Victoria. The fines being dished out embody a larger industry fine-tooth-comb approach that operators are navigating. A bit further abroad, PointsBet has announced that DraftKings is moving forward with its proposal to acquire the company, for some $195 million.
What you need to know
- Crown Resorts has been slapped with a $13.8 million fine over alleged tax breaches, as authorities tighten screws.
- PointsBet is optimistic over a new bid for its acquisition, totaling $195 million – pending DraftKings.
On the radar
- Macau Fisherman’s Wharf’s hotels occupancy rate reaches 90%.
- Small town lotteries now the focus of PH authorities.
- PAGCOR puts out new warning over POGOs.
- MGTO discontinues free “return ride” for Hong Kong visitors.
AGB Intelligence
AUSTRALIA
Regulators further crackdown with $13.8mln Crown fine
Australian regulators are further targeting mis-steps in the industry, targeting Crown Resorts with a $13.8 million fine over alleged tax breaches. The state’s gaming commission is hoping that the onslaught of regulatory impositions can set a standard for gaming across the nation, noting previously that it was “going after” all operators seen to not be in compliance.
Industry Updates
- SOFTSWISS Jackpot Aggregator elevates 50 online casino brands.
- Galaxsys’ Games partners with QTech Games.
MEMBERSHIP | MAGAZINE | ASEAN | CAREERS
