News - Page 16

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Skycity Reports Full-year Results From Challenging Year

Almost every company that closed its annual financial books on June 30, 2020 knew that the numbers would be disappointing. The last quarter would have reflected a revenue decrease of some kind due to all nonessential businesses being closed from April through most of June. This was the case in...

NSW Bans Pub Poker As Leagues Collaborate For Solutions

Poker players hate bad beats. Even more, poker players hate hearing about others’ bad beats. But the New South Wales poker community is banding together to figure out how to prevent those bad beats. They want to resume pub poker, and they are now working together to appeal the NSW...

Crown Shows Depths of Covid-19 Pain In Year-end Results

The Crown Resorts Limited fiscal year runs from July 1 through June 30. This week, the company released its full-year 2019-2020 results. The impact of the coronavirus pandemic and resulting closures was more detrimental to Crown’s bottom line than anticipated. Its net profit fell 80%. Crown 2019-2020 Results Overview There...

Queensland Cracks Down on iGaming Inducements

Victoria Gambling Down During 2019-2020 Fiscal Year

The Victorian Commission for Gambling and Liquor Regulation tracks and reports on gaming expenditures within the territory. Monthly figures are available, but the most recent report reflects the entire 2019-2020 fiscal year. For that year, expenditures decreased by a very significant 26.33%. Of course, the coronavirus pandemic is partially responsible...

Au Ministers May Help With Online Poker Legalization

For more than three years, Australian poker players have not been able to play their game on any major poker site. The implementation of the Interactive Gambling Amendment Bill 2016 in 2017 forced online poker operators out of the Australian market. The first to leave was 888poker, but PartyPoker and...

The Star And Queensland Government Nix Second Casino

Aquis Continues Pursuit of Casino Canberra Project

There’s something to be said for perseverance. Aquis Entertainment still wants to proceed with its $330 million redevelopment of Casino Canberra. But this message is years in the works and lays atop many failed negotiations with and proposals to the ACT government. Now, amidst a pandemic and resulting unprecedentedly tough...

Singapore Court Reveals Reason For Gambling Debt Ruling

The case was interesting for many reasons. The Star Entertainment Group sued a gambler on behalf of The Star Gold Coast Casino in Queensland for more than $43 million. It was a massive case of a casino versus a high-stakes baccarat player. When it went in front of the Singapore...