Bill Passes Lower House, Moving to Legislative Council The Victorian Parliament has made a significant stride toward gambling reform with the passage of the Gambling Legislation Amendment (Pre-commitment and Carded Play) Bill 2024. The bill cleared the Legislative Assembly with a 53-25 vote and now advances to the Legislative Council for further consideration. Key Reform […]
Australia
JPMorgan Exits Star Entertainment Amid Regulatory and Financial Struggles
Major Stakeholder Pulls Out as Australian Casino Operator Faces Mounting Challenges In a move highlighting growing concerns within the gaming sector, JPMorgan Chase has sold off its entire stake in Star Entertainment, Australia’s second-largest casino operator. The announcement, confirmed in a recent exchange filing, revealed that the investment banking giant had divested its 5.09% voting […]
High-Stakes Gamble Backfires: Singaporean Tycoon Faces Massive Debt to Australian Casino
A Costly Wager The glittering lights of The Star Gold Coast casino in Queensland, Australia, recently witnessed a high-stakes drama that culminated in a landmark legal ruling. Dr. Yew Choy Wong, a prominent Singaporean businessman, has been ordered by the Supreme Court of Brisbane to settle an eye-watering gambling debt of AU$38 million (US$25.3 million) […]
ACMA Intensifies Crackdown on Illegal Gambling and Affiliate Marketing Websites in Australia
The Australian Communications and Media Authority (ACMA) is boosting its efforts to protect Australian consumers by directing internet service providers (ISPs) to block additional illegal gambling and affiliate marketing websites. These actions stem from investigations revealing that several platforms were operating in violation of the Interactive Gambling Act 2001, offering unlicensed and prohibited gambling services […]
Australasian Gaming Expo 2024: A Pinnacle Event for Gaming Professionals
A Grand Showcase of Innovation and Expertise The Australasian Gaming Expo (AGE) 2024, set to unfold from August 13-15 at the ICC Sydney, is poised to be a landmark event for gaming professionals across Australia, New Zealand, and beyond. Spanning an impressive 19,000 square meters, this premier expo is more than just a display of […]
Australia and Curacao Near Breakthrough in Combat Against Illegal Online Gambling
Australia’s battle against illegal online gambling is taking a turn, with the Australian Communications and Media Authority (ACMA) spearheading this effort beyond its borders. The ACMA has been vocal about needing more support from the Curacao Gaming Control Board (CGCB) to curb the influx of illegal gambling sites targeting Australians. Efforts so far have led […]
