09/22/21 Fitch keeps Crown under negative ratings watch The ratings agency has decided to maintain Crown Resorts under its Rating Watch Negative (RWN) as the company is still facing two Royal Commissions.
09/22/21 Australian casino revenue to decline due to stricter regulations According to analysts, casino operators in Australia could see a decline in revenue as a result of compliance initiatives.
09/21/21 Casinos in Victoria and New South Wales may reopen in late October Authorities in both Victoria and New South Wales have announced that gaming and hospitality venues will be able to reopen in late October as long as the vaccination rate continues rising.
09/20/21 New Zealand campaigners call for tougher gambling laws Anti-gambling campaigners have encouraged other councils to follow the city of Christchurch’s decision not to relax its current gambling and TAB regulation policies.
09/20/21 Federal Group protests Tasmania licence changes Federal Group casino claims the government didn’t notify it about a change in rules to end the company’s exclusive licence agreement.
09/16/21 Toni Korsanos resigns as Crown Resorts director Toni Korsanos is the latest director to step down from Crown Resorts’ board. She will depart after the annual general meeting on October 21.
09/15/21 Australia: ACMA raps Foxtel for breaching ad rules ACMA has found that Foxtel breached broadcasting rules after airing a betting service ad during the live broadcast of an AFL match.
09/15/21 CCC warns it will close by end of April 2022 A day after asking the government for a US$1m, the Commonwealth Casino Commission warns it will have to cease operations by April 2022 if it doesn’t get funds.
09/14/21 Crown Resorts to mandate vaccines for staff and customers Crown Resorts will require employees and guests to be vaccinated.
09/14/21 Star Sydney to face ILGA review Star Sydney will face a review to establish whether it is suitable to continue operating and is complying with statutory obligations.
09/14/21 CCC calls for more funds to continue running The Commonwealth Casino Commission (CCC) claims it is running out of money and has asked the government to approve US$1m “to keep the commission afloat.”
09/13/21 New Zealand: Christchurch will not relax gambling rules The city of Christchurch on New Zealand’s South Island has decided not to relax its current gambling and TAB regulation policies after protests from anti-gambling campaigners.
09/10/21 Australian senators hear submissions on credit card ban Gambling reform groups and financial advisers have appeared in front of Australian senators to request a ban on the use of credit cards for online gambling transactions.
09/10/21 Uncertainty over Crown Resorts ability to continue as going concern Auditor KPMG has said the company’s future is uncertain due to regulatory investigations and the impact of the Covid-19 pandemic on revenue.
