South Australia to institute 15% betting tax

2024-06-18

The next budget for the Australian state of South Australia is set to include a provision that will look to harvest up to $6.85 million a year by instituting a new 15% tax on all wagers. According to a report from the Australian Broadcasting Corpora...

Australian authorities keeping close watch on Paul Phua’s activities in Melbourne

2024-06-18

Malaysian poker player Paul Phua has a built a reputation for himself as a high stakes poker player but has also gained attention over the years for being a key player in the global match fixing business. Phua recently visited Melbourne in early Jan...

Crown Resorts Limited to offload more of its business

2024-06-18

After seeing 18 of its representatives arrested in China over the weekend, Australian casino operator Crown Resorts Limited has now reportedly confirmed previous speculation that it intends to offload some more of its international holdings. Accordi...

Sun International’s Graeme Stephens named as new SkyCity CEO

2024-06-18

SkyCity Entertainment Group, a New Zealand and Australian casino operator, today announced the appointment of Graeme Stephens (pictured) as the company’s new CEO. The appointment of the 53-year-old Stephens, who is an accountant by professions and c...

Bidding war may begin between William Hill and Ladbrokes Coral over Tatts Sports group: Reports

2024-06-18

Both William Hill and Ladbrokes Coral are top gambling operators in the United Kingdom who may be showing interest in acquiring Tatts Group, the top betting operator in Australia. Media reports suggest that the UK companies may soon be in a bidding...

Chinese Authorities reported to have arrested 10 junket operators in continued Crown Resorts crackdo

2024-06-18

The Australian newspaper has reported that Chinese authorities have continued their crackdown on gambling promoters in Mainland China and have arrested another 10 individuals. The 10 people in custody are suspected of being junket operators whose ro...

SkyCity Entertainment Group reports improved annual financial results

2024-06-18

SkyCity Entertainment Group has released its financial results for the twelve months to the end of June showing a 13.1% improvement year-on-year in net profit after tax to $145.7 million while its total revenues grew by 7.6% to $1.1 billion. The Auc...

Hong Kong billionaire Tony Fung cancels plan to build $8 billion Great Barrier Reef Casino Resort

2024-06-18

Hong Kong billionaire Tony Fung recently confirmed that his firm has decided to drop the plan of developing the Aquis Great Barrier Reef casino resort in Cairns. Fung and his team had worked on the project for the last six years and were expected to...

SkyCity casino gets approval from Adelaide commission to proceed with $300 million expansion plans

2024-06-18

The SkyCity Entertainment Group had earlier submitted plans to revamp and upgrade its Adelaide casino but there remained a lot of speculation as to whether the plans would get approval considering the fact that the casino is linked to the Adelaide r...

Queensland Treasurer believes Cairns has opportunity to gain forfeited Aquis casino license

2024-06-18

Hong Kong based billionaire Tony Fung was preparing to invest billions into the Aquis Great Barrier Reef integrated casino resort in Yorkeys Knob but suddenly decided to abandon plans of building a casino. Instead, Fung moved to proceed with just a...

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