This Month
- Updated
- Gaming & wagering
Tabcorp to pay $860m for exclusive Victorian wagering licence
The ASX-listed bookmaker has kept international rivals including Sportsbet and Entain away from one of its most lucrative markets.
- Updated
- Zoe Samios
Has Australia’s largest bookmaker peaked?
Sportsbet has enjoyed a meteoric rise with its customer promotions and aggressive marketing strategy. Taking it to the next level may be difficult.
- Zoe Samios
Victoria’s casino regulator investigating Crown Resorts
The gaming group confirmed on Tuesday that it was looking into allegations its chief executive allowed customers removed by security to return to its premises.
- Zoe Samios
- Exclusive
- Casinos
Crown launches internal investigation into CEO
The Blackstone-owned gaming group has launched an inquiry into allegations management intervened to allow patrons removed from its casinos back in.
- Kylar Loussikian
- Exclusive
- Online gambling
Stake.com billionaires build secret position in local bookie PointsBet
Ed Craven and his business partner, Bijan Tehrani, have spent weeks buying shares in the ASX-listed group as they establish a foothold in the local market.
- Zoe Samios
SkyCity pays Macquarie $188m to settle car-park fire stoush
The company, which is facing regulatory action over anti-money-laundering failures, agreed to sell the concession in Auckland to the investment giant in 2019.
- Zoe Samios
- Exclusive
- Gambling
Rich lister’s online casino empire feels heat of US lawsuits
The wildly profitable business operated by the Perth billionaire is facing legal challenges in US two states, and a crackdown on digital gambling in a third.
- Primrose Riordan
Executive departures deepen Star Entertainment’s legal woes
Betty Ivanoff, a former group counsel at Crown Resorts and Coca-Cola Amatil, resigns after about six months in the role.
- Zoe Samios
Regulator says Star has six months – or its Sydney casino could close
The Independent Casino Commission has warned it is still not satisfied with Star’s ability to run the Sydney casino without supervision, despite significant remediation programs.
- Zoe Samios
November
SkyCity wins battle over burnt car park value
SkyCity has won a case in the High Court of New Zealand over the value of a fire-damaged car park at its flagship Auckland casino.
- Zoe Samios
Investors dust off Crown, Star merger dreams amid job cuts
Job cuts and slashed hours have Star Entertainment bulls excited Crown owner Blackstone could turn to its cross-harbour rival to find cost synergies.
- Sarah Thompson, Kanika Sood and Emma Rapaport
- Opinion
- Gaming & wagering
Gambling industry wins political game at democracy’s expense
The gaming industry adds little to the economy, but it is a big player when it comes to the political influence business.
- Elizabeth Baldwin and Kate Griffiths
Betting industry loses as Australia win Cricket World Cup
Sportsbet was offering 2.9 times the amount for an Aussie victory as of Friday, more than twice the payout for an India win at 1.4 times.
- Satviki Sanjay
Ainsworth confirms Macquarie review, could take itself private
Aristocrat said it was assessing all strategic options, but has received no expressions of interest.
- Zoe Samios
Ainsworth Game Technology considers life outside the ASX
It has been an unpleasant year for all ASX-listed gaming stocks of almost all persuasions given the increasing reluctance from investors.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Aristocrat’s investors aren’t spooked by casino, bookie headwinds
The largest pokies manufacturer in the world is one of the few gaming stocks to have enjoyed an increase in share price during a difficult year for the sector.
- Zoe Samios
Star assures irate investors it has no intention of raising more money
The company has already secured $1.6 billion over the last seven months, almost the same as its market capitalisation, after major write-downs at its casinos.
- Zoe Samios
- Exclusive
- eSports
Melbourne football club probed over deal with crypto casino mogul
Melbourne Victory has been accused of backtracking on a commitment not to accept gambling sponsorship after signing up Ed Craven’s live-streaming site, Kick.
- Primrose Riordan and Zoe Samios
Mac quants giddy-up for Melbourne Cup with PunterGPT; top picks in
It’s that time of the year again, when Macquarie Capital’s quants redirect their PhDs from financial markets to picking the winning horse in the Melbourne Cup.
- Sarah Thompson, Kanika Sood and Emma Rapaport
Roger Corbett deeply exposed in Endeavour attack
This is a man whose stints as a public market chairman leave him deeply exposed when bashing others for declining share prices.
- Myriam Robin
