Tuesday, January 25, 2022

Tag: Australia

Star reports full year profit

Star Entertainment Australia financials
A solid showing in the domestic market helped Star Entertainment offset a massive decline in its international VIP business in the company’s full year results.

Ziggy Switkowski named Crown chairman

Ziggy Switkowski names Crown Resorts chairman
Crown Resorts has appointed former Telstra head Ziggy Switkowski as its next chairman, replacing the outgoing Helen Coonan.

Silver Heritage appoints John Dougall as chairman

Silver Heritage Group appoint John Dougall as new chairman
Silver Heritage Group has announced the appointment of John Dougall as its new chairman. The ASX-listed company operates Tiger Palace Resort Bhairahawa, on Nepal’s border with India.

Aquis still interested in pursuing Casino Canberra redevelopment

Aquis Entertainment Casino Canberra redevelopment
Aquis Entertainment chairman Tony Fung has announced plans to resume talks with the Australian Capital Territory government about the proposed AUD330m ($255.1m) redevelopment of Casino Canberra.

Possible reprieve for Star Entertainment’s Sydney hotel project following state premier’s intervention

Star Entertainment Sydney hotel
State premier Gladys Berejiklian has ordered a review of Pyrmont’s planning rules after the New South Wales Planning Department found that Star..

Sydney hosts international casino regulation course

casino regulation
Earlier this month, 60 Australian and international gaming regulators attended the first ever casino and gaming regulation program held in Australia. Gaming Regulation, a joint venture by Liquor and Gaming NSW and the University of Las Vegas, Nevada International Center for Gaming Regulation, ran from 11–16 August at the International Convention Centre, Sydney. The six-day program was developed in consultation with...

Caesars abandons Gold Coast IR bid

Caesars abandon Gold Coast IR bid
Caesars Entertainment has confirmed it has pulled out of the running to develop a casino on Australia’s Gold Coast.

Star Entertainment adjusts 2019 forecast as VIP revenue falls

Star Entertainment VIP fall
Star Entertainment group has wiped $12.6m from its 2019 profit forecast, after its international VIP turnover and domestic market performance declined..

Sydney readying for Star and Crown duels

Sydney, Star and Crown duels, australia
Crown Resorts latest venue is set to shake up Sydney’s casino sector when it opens in in Barangaroo in 2021, and wealthy Asian visitors currently heading for The Star will likely be in the company’s sights. However, Crown Sydney will have more than just a city rival with which to contend. 2018 saw the Australian casino sector suffer reduced consumer...

Eye of the storm

Macau, casino, revenue, financials
This month we have ventured into the eye of the storm to bring you hard hitting reports on toilet cubicles, hotel towers and the indomitable Macau spirit. Kicking things off in Las Vegas, naturally we find news coming from KTNV that a bathroom break ended up with a Utah couple getting turfed out of the Venetian casino. Fear not, for this...

Mediawatch: God works in mysterious ways

This week Mediawatch has gone Biblical in Australia, channelled a Hollywood Blockbuster in Las Vegas and seen the best laid plans shot down in the West of England and we wouldn’t have it any other way. Picking up our first hand in Las Vegas we find an ace of clubs and news that a plane landed on a freeway near...

Hard Rock tunes up for Gold Coast entry

queensland gold coast
Hard Rock International has expressed interest in developing an integrated resort on Australia’s Gold Coast. The Florida-based entertainment and casino operator has proposed the development as part of Queensland government’s 2017 Global Tourism Hubs programme. “What intrigues us is the holistic model presented by the Queensland Government for the IRD plans,” said a letter presented by Hard Rock to both council...

BMM Testlabs to bring quality services to AGE 2018

Darling Harbour
BMM Testlabs, the world's leading gaming testing laboratory and technical consultancy, is pleased to bring quality services to the Australasian Gaming Expo (AGE) on August 14-16, 2018 at the new ICC Sydney in Darling Harbour, NSW. EVP and General Manager Australia Asia-Pacific and Africa Kirk White commented, "BMM is pleased to be an exhibitor at AGE 2018. AGE provides us...

Silver Heritage settles with ex-Nepal casino partner

Tiger Palace
Australia-listed casino operator and developer Silver Heritage Group has settled a legal dispute with its former partner in the Tiger Palace Resort in Bhairahawa, Nepal. The company told the Australian Securities Exchange that a former consultant to the $52m project, Rajendra Bajgain, and his brother, Nabaraj Bajgain, had sold their shares in SHL Management Services (KTM), a subsidiary which operates...

Aquis given one month deadline for revised Canberra Casino proposal

Aquis Canberra
The government of the Australian Capital Territory has given Aquis Entertainment Group a four week deadline to submit its final revised blueprint for the AU$330m ($251m) redevelopment of Canberra Casino. According to local media reports, Aquis has until 14 May to deliver its revised proposal after the company’s original 2015 bid - which sought permission to operate 500 slot machines...

Queensland government to undertake public consultation on Cairns IR project

Kate Jones queensland
The plan to develop a "Global Tourism Hub" in Cairns, Queensland continues to advance, with the project to be put before a public consultation.   The proposed development is an integrated resort that will include a casino as well as multiple accommodation, dining, and entertainment options. Speaking to local media, Kate Jones, the Queensland Minister for Tourism Industry Development, explained that...

NOVOMATIC finalises Ainsworth investment following green light from regulators

NOVOMATIC has completed investment in Ainsworth, an Australian gaming supplier, following approval from regulatory authorities, including the Nevada Gaming Commission.   All the necessary international regulatory confirmations are in place, the company said, allowing NOVOMATIC to move ahead with the purchase of approximately 52 percent of Ainsworth Game Technology Limited. “Our shares in Ainsworth are strategically very important for NOVOMATIC,” Harald...

Comtrade Gaming makes G2S “milestone” with Tatts Group in Australia

australia g2s
Comtrade Gaming has announced that their G2S Protocol Engine is a part of Tatts Group’s newly implemented MAXsys monitoring system for New South Wales, Australia.   MAXsys will span over 2,500 gaming venues and 95,000 gaming machines. “Our latest system implementation MAXsys provides a technology platform which facilitates ongoing innovation in our industry”, Frank Makryllos, COO of Tatts Group, said. “Working with...

Donaco looks to expand land-based and online gaming operations

Joey Lim Keong Yew donaco
  Australian-listed Donaco International is planning to expand both its land-based and online gaming operations.   Speaking to local media, Donaco CEO Joey Lim Keong Yew stated that his company hopes to move beyond its current casino foothold in Cambodia and Vietnam into other Asia-Pacific markets, including Macau, South Korea, the Philippines and Japan, within the next five years. Lim stated that this...

Government of Queensland supports plans for a second casino  

  Queensland’s government has signalled its support for plans for a new gaming venue to be built on Australia’s Gold Coast.   Should a proposal go ahead, it would bring a second casino to the city after the Star Gold Coast, operated by the Star Entertainment Group. Gold Coast Mayor Tom Tate said that he had received a letter from state development...

Gaming Laboratories names new Australia chief operating officer

Gaming Laboratories International (GLI) has welcomed Erdal Eskin as its new Australia chief operating officer.   With over 20 years of experience in the Australian gaming industry, Eskin has “forged strong relationships with the clients he has worked with and has served in various progressive roles within the industry”, the company said in a statement. “We are extremely fortunate to have Erdal...

International support continues to grow with 47 nations represented at the first Gaming Africa

47 gaming africa
Gaming professionals from Brazil to Botswana, Germany to Ghana and Lithuania to Lesotho will be amongst the delegates expected at the inaugural Gaming Africa, Clarion Gaming’s two day conference and learning symposium being held across 24th and 25th October in Johannesburg. Representatives from a total of 47 nations have registered to be part of the free to attend event, including...

We’re gonna be big stars: Packer-backed Ellerston Capital boosts stake in Star Entertainment

jamespacker ellerston capital
Ellerston Capital has increased its share holding in The Star Entertainment Group, with the move fuelling rumours of a possible merger.   A move by James Packer-backed Ellerston Capital to increase its shareholding in The Star Entertainment Group - a rival to his Crown Resorts - is fuelling market talk of future industry consolidation. On 17 July, the Australian-listed Star informed its...

Aruze highlights latest CubeX Plus content at AGE

Aruze Gaming Australia will unveil its new line-up of products at this year’s Australasian Gaming Expo. Anchored by the linked progressive Jungle Cash series, the company reports that there are a several new titles coming to the CubeX Plus platform this year.    Aruze’s newest linked progressive series is Pot of Riches, featuring two titles, Pot of Riches Leprechaun and...

JCM Global solutions “ready now and here to stay” at AGE 2017

ICR - JCM Global Ready for AGE 2017
The award-winning UBA® Ready for new Australia banknote series has been dubbed “ready now and is here to stay” by JCM Global as they prepare for AGE 2017. Casino operators across Australia need to be ready for the new Australian banknote series, and on stand #372 at the Australian Gaming Expo, JCM Global is leading the way with firmware for...

Quixant prepares full portfolio for Australasian Gaming Expo 2017

ICR - Quixant Australasia
For the second year in a row, Quixant will be exhibiting its entire selection of gaming computers and monitors at the Australasian Gaming Expo 2017.   Having supplied its gaming boards and monitors to manufacturers in the Australian market for almost 10 years, the company claims it’s standard and design-for-purpose gaming monitors have made an impact in improving the quality of...

Crown records called upon for money-laundering case

Casino Review Crown
Australian authorities claim that Chinese VIP Dan Bai Shun Jin laundered hundreds of millions of dollars by way of Crown Resorts casinos.   Australian casino giant Crown Resorts has been inadvertently caught up in a money-laundering scandal, after an investigation into one of its high-rolling players revealed massive discrepancies in his accounts. Figures released by a Crown compliance manager indicate that Dan...

Packer cedes control of Crown with A$448m share sale

Casino Review James Packer crown
Commentators have suggested that sale of the majority sake could be to pay down debt following the settlement of the Packer family empire with sister Gretel.   James Packer has sold A$448m ($337m) worth of shares in Crown Resorts, relinquishing his majority stake in the casino operator. In a statement to the ASX, Consolidated Press Holdings (CPH), the Australian billionaire’s private company,...

Gambling draft decree submitted in Vietnam

Media Vietnam Casino
Making the headlines this month: Vietnam has taken a step closer to relaxing its gambling policy; Casino Canberra has received permission to install a range of new games; and the Riviera in Las Vegas has gone out with a bang.   In Vietnam, a long-awaited draft decree, which for the first time allows local residents to gamble in casinos, has been...

Crown shares rise with de-merger announcement

Crown Resorts
An announcement from Australian operator Crown Resorts that it would spin-off its international properties into a separate company was greeted by a sudden and dramatic leap in the value of its stock. Crown’s press statement resulted in a 13 per cent rise in its share-price on the Sydney stock exchange by close-of-play on June 16, despite a broader market trend...