Oceania

Star Entertainment Group Faces Turmoil: Shares Plummet 44% Amid Regulatory Scrutiny and Financial Challenges

Australia’s Star Entertainment Group found itself in a precarious situation as its shares plummeted by an alarming 44% following the release of its financial...

Title: The Star Entertainment Group Responds to NICC Show Cause Notice Amid Major Financial Declines and Property Sale

The Star Entertainment Group has officially responded to the New South Wales Independent Casino Commission (NICC) regarding a show cause notice issued two weeks...

The Star Entertainment Group Faces Regulatory Scrutiny Amid Financial Turmoil

The Star Entertainment Group is currently navigating a challenging landscape marked by regulatory scrutiny and significant financial setbacks. Recently, the New South Wales Independent...

Star Entertainment Group Secures AU$200 Million Debt Facility Amidst Financial Turmoil

The Star Entertainment Group has recently announced a significant development concerning its financial stability. The company secured a commitment letter from its lenders for...

SkyCity Casino Fined NZ$4.16 Million for Historic AML Breaches: A Deep Dive into Compliance and Accountability

In a significant ruling that underscores the importance of compliance in the gambling industry, New Zealand's High Court has imposed a civil penalty of...

New Gaming Harm Minimisation Measures in New South Wales

In a significant move towards addressing gambling harm, Liquor & Gaming NSW has launched a new compliance operation aimed at ensuring that licensed venues...

The Star Entertainment Group Faces Financial Challenges in FY24: A Breakdown of Declining Performance and Future Strategy

The Star Entertainment Group recently published its financial results for the fiscal year ending 2024 (FY24), shedding light on a particularly challenging period for...

The Launch of Australia’s First Andaz Hotel: A New Era for The Star Gold Coast

In a landmark announcement for Australia's hospitality industry, Hyatt Hotels Corporation has revealed plans to open the first Andaz Hotel in Australia at The...

Legal Battle Between Aristocrat and Light & Wonder Heats Up as Court Issues Preliminary Injunction: Stock Plummets 18.4%

In a significant development within the gaming industry, Aristocrat has achieved a major legal victory against Light & Wonder in its ongoing intellectual property...

Star Entertainment Group Seeks AU$350 Million Bailout Amid Financial Crisis

Star Entertainment Group, a major player in Australia’s casino industry, is currently grappling with a serious financial crisis. With significant properties in Brisbane, Sydney,...

Australian Communications and Media Authority Cracks Down on Illegal Gambling: Recent Actions and Implications

In a significant move to enforce gambling laws, the Australian Communications and Media Authority (ACMA) has recently expanded its efforts to block illegal offshore...

New Australian Classification Guidelines for Video Games: Addressing Gambling Concerns Amidst Rising Losses

Starting September 22, 2024, the Australian Government will enforce new classification guidelines for video games that feature gambling-like content. These guidelines are a response...