Ladbrokes buys fellow bookie Neds
The consolidation push sweeping Australia's wagering sector has resulted in another deal, with Ladbrokes to buy sports betting and gaming minnow Neds International.
The consolidation push sweeping Australia's wagering sector has resulted in another deal, with Ladbrokes to buy sports betting and gaming minnow Neds International.
The Victorian Labor Government has slashed recommended annual rent for Crown Land housing one of the nation's most successful racing clubs and gaming businesses by nearly two-thirds, despite bitter protests from the cash-strapped local council.
Redcape Hotel Group chief executive Dan Brady says he is comfortable with the pub owner and operator's heavy exposure to the pokies sector.
Crown stock has plunged 20 per cent since August on worries about Chinese high rollers, but bulls say the market is overlooking the Crown Sydney benefit.
Blame US President Donald Trump for the collapse in the share prices of Crown Resorts and Star Entertainment Group over the past three months.
The presence of former PM - who stumped last month for Dave Sharma, the Liberals' unsuccessful candidate in the Wentworth byelection - prompted another question: Where is current PM Scott Morrison?
Two of Australia's biggest online gambling operators have had a Melbourne Cup Day disaster, with Sportsbet and Ladbrokes services crashing.
Rich List retailers Nigel Austin and Brett Blundy, two rulers of Dubai and one of Britain's biggest owners are all out to stop Lloyd Williams winning again.
The country's most eagerly awaited piece of sell-side research has landed: Macquarie Quant team's annual Melbourne Cup tips.
The Star has won approval for $2 billion in new apartment and hotel accommodation on the Gold Coast, a market where developers are already facing their own troubles.
The Star Entertainment Group enjoyed more luck than fellow casino operator Crown Resorts in the first weeks of the new financial year.
Casino magnate Sheldon Adelson and investor Warren Buffett are set for a desert showdown over electricity next week as the two billionaires' interests collide on election ballots in Nevada.
Pubs owner Redcape Hotel Group's brokers will strap on their hard hats and ask clients to tip into the company's mooted $615.2 million sharemarket listing on Monday.
Kerry Stokes has defended deceased media tycoon Kerry Packer and his parenting style in light of revelations about the mental struggles experienced by Mr Packer's son James.
Kerry Stokes came to the aid of James Packer in his darkest hour, briefly taking control of his personal affairs and convincing casino mogul to leave the United States for Israel to try and emotionally rebuild.
Paula Dwyer has hit out at attacks on the accountability of the Tabcorp board over the failed expansion into Britain, declaring the Australian economy would suffer if boards stop taking risks "for fear of retribution".
Tabcorp chairman Paula Dwyer has accused investors and proxy advisers of "caucusing to undermine our leaders" after the company was hit with a strike against its pay at its annual meeting.
Wagering giant Tabcorp is still navigating a tricky integration with Tatts, as it prepares for 15 million bets this Melbourne Cup day.
Western Australia's government has ignited a row with unions by moving to allow virtual gaming across the state as a sweetener in the sale of its TAB.
Tabcorp has firmed as a likely new owner of the WA TAB after the West Australian government finally pulled the trigger on the sale.
A 51.8 per cent jump in VIP revenue has allowed The Star to boost its profit and dividend.
A sharp rise in revenue from VIP gamblers has helped James Packer's casino giant Crown Resorts to easily beat profit expectations.
Crown Resorts has launched legal action against the NSW government over its new Sydney casino at Barangaroo, claiming another development at the precinct threatens the views from its casinos to Sydney Harbour.
Tabcorp insists it will continue to invest in its retail wagering and lottery networks, despite another jump in digital revenue.
Tabcorp insists the integration of its $11 billion merger with Tatts Group is on track, but reported lower than expected earnings for the full year.
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