09/18/20 Crown could claim compensation for tighter controls The agreement on its Barangaroo casino licence has a clause that could allow the operator to seek compensation for any losses.
09/18/20 Lottoland scores legal win in Australia Two complaints were presented against the company accusing it of using shady marketing tactics to deceive punters.
09/17/20 Tabcorp raises US$167.9m through retail shares The company had already closed the institutional component of its entitlement offer, collecting US$265.7 million.
09/17/20 The Star dishes out US$1m in bonuses The Australian casino operator didn’t meet its goals for the year and had to stand down 95 per cent of its employees.
09/13/20 Star sues insurance provider for Covid-19 losses The company claims its policy covered “risks of business interruption” but the insurance provider has denied its claim.
09/11/20 Victoria gambling regulator issues three-year plan The VCGLR has presented a plan outlining goals for 2020 – 23.
09/11/20 Crown Casino wins Federal Court tax challenge The operator had argued that the cost of commissions and win/loss rebates paid to junkets should be taken into account when calculating tax.
09/04/20 Crown admits inaccurate response to media The company had published a full-page advertisement in July in response to media allegations, but its information was wrong.
09/04/20 Donaco appoints new CEO and board members Lee Bug Huy, former casino vice president at Star Vegas Casino & Resorts, has been appointed CEO.
09/03/20 SkyCity reveals full-year results The casino resorts company saw revenues rise but profits fall in its 2019/20 financial year.
09/03/20 Crown’s legal head admits accounts went unmonitored ILGA is continuing its inquiry to determine if the Australian operator should keep its casino licence for its new Barangaroo property.
09/03/20 Novomatic inks distribution deal with Ainsworth The Australian slots machines manufacturer will be the the European group’s commercial and sales representative in Asia.
09/02/20 Donaco narrows losses as revenues drop 38% The Australian operator’s casino in Vietnam is running limited operations and its casino in Cambodia remains closed.
08/27/20 Silver Heritage creditors to accept recapitalisation bid The casino developer will accept a rescue plan from Philippines-based HatchAsia after declaring it could become insolvent due to the crisis.
08/27/20 Jumbo Interactive eyes international opportunities The online lottery operator is seeking new business in Australia, UK, Canada and the US after announcing growth in annual revenue.
