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Gaming & Wagering

March

Crown Melbourne can keep its casino licence

Crown to keep casino licence but will ‘never be too big to fail’

The Victorian Gambling and Casino Control Commission has deemed Crown Melbourne suitable to keep its exclusive licence.

  • Updated
  • Gus McCubbing
The WA TAB can’t find a bookmaker to take over its operations.

WA’s ‘$1b’ TAB deal in strife as bookie dollars dry up

The WA racing industry wants a bookmaker to run its state-owned wagering operations but attempts to secure a deal have hit a major roadblock.

  • Zoe Samios
Run out of town: Star Entertainment CEO Robbie Cooke.

The $5b whack: why it’s time to come clean to Star’s shareholders

As the sheriff runs Star executives out of town again, things are starting to look like a corporate assassination and the sort of battle investors cannot win.

  • Anthony Macdonald
Star boss Robbie Cooke.

Star CEO departs as embattled casino owner cleans out exec team

Staff were informed of the departures of CEO Robbie Cooke and other top execs on Friday afternoon after the market closed.

  • Updated
  • Zoe Samios
The Star casino is currently undergoing a second independent review.

Star Sydney’s special manager in $1m payday

The documents also show Adam Bell, SC, who is overseeing a second inquiry into the casino, is expected to be paid $525,000 for his 15 week review.

  • Zoe Samios
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Laurence Escalante built Virtual Gaming Worlds from the ground up. Its success has underpinned his near $4 billion fortune.

Laurence Escalante is living large off controversial gambling billions

At 42, he is one of the country’s youngest billionaires. But Virtual Gaming Worlds investors hoping for a big payday are increasingly concerned it may not come.

  • Updated
  • Primrose Riordan and Zoe Samios
Neil Young, QC

Competition law guns line up for Epic case

Neil Young, KC, will charge over $25,000 a day for his services in the court fight between Epic Games, Apple and Google. He’s just one of the top silks involved in the 16-week case.

  • Michael Pelly
Light and Wonder CEO, Matt Wilson, has had a good year on the ASX.

Dragons could help pokies maker Light and Wonder spread its wings

Aristocrat’s newest rival has enjoyed strong share price growth in its first year on the ASX. A controversial new game holds the key to its future.

  • Zoe Samios
Adam Rytenskild has resigned as Tabcorp CEO.

Tabcorp’s woes go much further than CEO scandal

The ugly departure of Tabcorp’s CEO leaves his successor with myriad problems, from the end of the pandemic punting boom to a potential advertising ban and cultural issues. 

  • James Thomson
Tabcorp CEO Adam Rytenskild resigned following an investigation into his conduct.

Tabcorp boss allegedly suggested sexual favour for regulatory win

Adam Rytenskild resigned from the wagering group on Thursday, but said he did not recall making the comment, which was directed at a Victorian official.

  • Zoe Samios
Tabcorp CEO Adam Rytenskild has abruptly left the company.

Tabcorp chief executive resigns amid probe into offensive language

Adam Rytenskild had run the wagering group since 2022. He said he did not recall making the comments but had “regrettably agreed to resign”.

  • Updated
  • Zoe Samios
Light & Wonder executive chair Jamie Odell and vice chair Toni Korsanos.

Aristocrat rival says it did not steal trade secrets for dragon game

Aristocrat is suing its main rival over claims it used confidential trade secrets to rip off one of its games. Light & Wonder has attempted to have the process thrown out of court.

  • Zoe Samios
Aristocrat is suing its major rival.

Pokie rivals in bitter court dispute over dragon games

Aristocrat claims it has lost revenue and market share to its rival, which allegedly copied one of its top games. Light & Wonder described the lawsuit as baseless.

  • Zoe Samios
Ainsworth is reviewing all strategic options.

‘Limiting it to obscurity’: Ainsworth investor slams strategic review

Ainsworth Game Technology, founded by rich lister Len Ainsworth, could talk itself private. A strategic review is infuriating some investors.

  • Zoe Samios
Star attracts a range of customers to its casinos in Queensland and NSW, including VIP high rollers.

Embattled Star caught in HWL Ebsworth breach

Hackers stole 2.5 million documents from HWL Ebsworth clients last April. Some of Star’s customers and employees were compromised.

  • Zoe Samios
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Tabcorp boss Adam Rytenskild.

Tabcorp slides into laugh emoji territory

The gaming company’s CEO Adam Rytenskild causes laughs at Entain, the foreign-owned giant that once offered $3.5 billion for his wagering assets.

  • Mark Di Stefano
Bet365 will be investigated by AUSTRAC.

Bet365 under investigation by AUSTRAC

The decision to investigate comes more than a year after AUSTRAC announced an independent audit of the bookmaker’s operations.

  • Zoe Samios

February

James Packer deal to sell Crown to Blackstone was exquisitely timed.

Why James Packer is the luckiest billionaire in Australia

Crown Resorts may have given him plenty of heartburn, but the latest ugly numbers from Star Entertainment show how well-timed the sale really was. 

  • James Thomson
Sydney casino The Star has again attracted the attention of regulators.

Pubs, casinos deal revenue blow for Star

The company was forced to delay its financial results after the NSW casino regulator announced a second inquiry into its conduct.

  • Zoe Samios
Bega publican Mitch Cleary.

Bookie bar fight: the feud driving racing enthusiasts out of pubs

The battle between Tabcorp and rival Entain, owner of Ladbrokes, has spilled over into NSW pubs, which are losing punters where the Sky Racing feed has been cut off.

  • Zoe Samios