News - Page 10

Star Follows The Example of Casino Rivals And Bans Junkets

Australia’s second largest casino operator has decided to cease working with international junket operators. Inside Asian Gaming reports that Star Entertainment Group reached an agreement with the NSW Independent Liquor and Gaming Authority to cease its relationship with junket operators. In an update provided by ILGA chair Philip Crawford, where...

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The Lott Reveals Most Frequent Lotto Winners In 2020

The Lott keeps data. It makes sense for a company based on numbers. When the public is lucky, the Lott puts that data together and reveals information and trends. For most, this is nothing more than interesting and fun, but could it be useful? This month, the Lott revealed statistics...

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Scientific Games Mulls Asx Launch

An American poker machine company is considering a launch onto the Australian Stock Exchange. The Australian Financial Review reports that Las Vegas gaming giant Scientific Games is considering an Australian public offering, which would help it raise fresh capital and pay down debt. The Nasdaq-listed Scientific Games has engaged Sydney-based...

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Federal Court to Hear of Underpayment Claims From Former Skycity Ceo

A former SkyCity casino boss is claiming the casino group fired him from his high-paying role to avoid paying hundreds of thousands of dollars worth of bonuses. Adelaide Now reports that Luke Walker, who was general manager of the casino from February 2017 to April 2019 is suing his former...

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Wpt Online Via Partypoker Will Kick Off Season Xix

The pandemic sidelined the World Poker Tour – at least from the live poker tournament scene – since March 2020. For nearly one year, the WPT offered only online poker tournaments via its long-time partnership with partypoker. While WPTDeepStacks just jumped back into live poker with its stop in Hanoi,...

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Skycity Hopes to Raise $125m Via Bonds

New Zealand headquartered SkyCity Entertainment wants to raise $125 million via bonds and has flagged its earnings will be well below pre-pandemic levels. NZ Herald reports the gaming, entertainment and hospitality business has released an offer document showing how it can receive an additional $50 million, taking the offer up...

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Crown Resorts Fined $1m By Victorian Regulator

The Victorian gambling regulator has dished out a $1 million fine to Crown Resorts over its failure to vet high-roller junket tour partners for criminal links. The Sydney Morning Herald reports that the Victorian Commission for Gambling and Liquor Regulation said the fine was the maximum amount it could impose...

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Tassie Pokies Figures Reveal Post Lockdown Boom

More than half a million dollars per day has been lost on Tasmanian poker machines after the COVID-19 lockdown, an increase of $70,000 compared to a year ago. The Guardian reports that more than $180 million has been lost on Tasmanian poker machines since January 2020, according to data from...

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Bgh Capital Throw Its Hat In Crown Takeover Ring

Another potential suitor is considering lining up an offer to take over embattled casino operator Crown Resorts. The Australian Financial Review reports that as BGH Capital is considering a tilt at Crown Resorts, following American private equity groups Blackstone and Oaktree Capital trying to get Crown to engage on their...

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Alice Springs Casino to Be Sold For $105m to Sydney Investors

An Alice Springs casino has been eyed off by a Sydney entrepreneur with a $105 million purchase. The Weekly Times reports that pub and development entrepreneur Sam Arnaout’s private Iris Capital picked up the Alice Springs casino from Singapore-based Lasseters International, which has been seeking to offload the property for...

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