#AUSTRAC

amlintelligence.com

NEWS: Austrac probes online gambling giant Bet365 over its AML compliance

Australia's fincrime agency, Austrac, has launched an investigation into gambling firm Bet365 over its AML/CFT compliance. "Businesses without adequate processes in place to manage those risks leave themselves vulnerable to exploitation by criminals," said Brendan Thomas, the CEO of the Australian Transaction Reports and Analysis Centre.
Incidents
NEWS: Austrac probes online gambling giant Bet365 over its AML compliance
Mandurah Mail

Growth markets and business strategies for online gambling in Australia

The online gambling market in Australia reached $4.5 billion in 2022 and is projected to be worth more than $7.2 billion by 2028, presenting lucrative opportunities for operators. Picture Shutterstock Online gambling has seen tremendous growth in Australia over the past decade, with more than 30 per cent of adults placing bets via the…
Industry
Growth markets and business strategies for online gambling in Australia
Super Slots
NZ Herald

SkyCity’s NZ share price plunges, casino licences could be suspended

Players in action at SkyCity. Photo / Peter Meecham The government department in charge of regulating SkyCity Entertainment Group's casino licences has applied to suspend those at all three New Zealand venues. An NZX announcement issued this morning said the Department of Internal Affairs was asking the Gambling Commission to temporarily suspend…
Gambling Addiction
SkyCity’s NZ share price plunges, casino licences could be suspended
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fnarena.com

Roll Of The Dice; Recession Proof Gambling

This story features TABCORP HOLDINGS LIMITED, and other companies. For more info SHARE ANALYSIS: TAH Gambling is regarded as recession proof. The ASX offers numerous offers to give portfolios a winning edge. -Research suggests households don't consider buying lottery tickets a luxury or even discretionary-UBS survey shows 31% of Australians buy a…
Industry
Roll Of The Dice; Recession Proof Gambling
Niche Gamer

A Guide to the Australian Gambling Games Industry

Due to the rapid advancement of technology in recent years, the online gaming and gambling sector has seen enormous expansion. The quick transition to online platforms following the pandemic is also seen as a significant factor in the rise in the popularity of digital gaming. People may now easily access online betting games and tables. It is…
Industry
Reuters

Australia targets SkyCity casino for money laundering amid gambling crackdown

Dec 7 (Reuters) - Australia's financial crime regulator started civil proceedings against SkyCity Entertainment Group's (SKC.NZ) Adelaide casino on Wednesday, the latest in a series of actions by the government against the country's gambling industry. SkyCity, which is listed on the New Zealand bourse, was accused by the regulator, Australian…
Incidents
Australia targets SkyCity casino for money laundering amid gambling crackdown
Financial Review

Star Entertainment Star gambles on after Sydney casino licence suspended, $100m fine

The record penalty, the maximum under new NSW laws passed in August, and suspension of Star's Sydney licence by NSW Independent Casino Commission chairman Phillip Crawford on Monday come after Star was found unfit to run the Sydney casino after a humiliating four-month inquiry led by Adam Bell, SC. The outcome echoes the Victorian government's…
Law
Star Entertainment Star gambles on after Sydney casino licence suspended, $100m fine
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iTnews

The Star casinos to use more facial recognition

The Star Entertainment Group intends to deploy 15 extra facial-recognition cameras - increasing the size of its network from 55 to 70 devices - as part of a plan it hopes will enable it to retain its casino licence in Sydney. The Star was found " unsuitable to hold a casino licence in NSW " following the release of a damning report into its…
Trust and Safety
The Star casinos to use more facial recognition
World Casino News

Online gambling is under investigation in Australia

The House of Representatives Standing Committee on Social Policy and Legal Affairs in Australia is investigating the online gambling industry. The goal of the inquiry is to discover the impact of the industry on people who have a gambling problem. Seeking Submissions Currently, the committee is asking for submissions in writing from organizations…
Incidents
Online gambling is under investigation in Australia
The Saturday Paper

Casino within a casino: Star’s extraordinary breaches

The operators of The Star casino in Sydney chose deception at almost every turn, even in writing to the royal commission-like inquiry appointed to examine whether they were fit to hold a licence. Spoiler: on Tuesday, they were found unsuitable. Although there is a deep stream of misconduct and breathtaking negligence to wade through, it is perhaps…
Travel
Casino within a casino: Star’s extraordinary breaches
Casino Guru

Austrac urges gambling companies to step up in tackling money laundering

Landing on the bad side of regulators' good graces can have damning and lasting consequences. These are the lessons Crown Resorts and Star Entertainment, the country's two biggest gambling companies, took from their most recent inroad with the law. Now, Australia's financial regulator, Austrac, wants to make sure that the gambling industry in the…
Incidents
Austrac urges gambling companies to step up in tackling money laundering
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Financial Review

Star inquiry to tackle chairman John O’Neill’s stewardship of casino

In its eighth week of hearings, the NSW inquiry into Star's suitability to run its flagship casino in Sydney is investigating how rigorously board directors and senior executives carried out their duties to the company. Star also allowed Suncity to open a secret, unbranded VIP room after telling the media it was ending their relationship. It also…
Travel
Star inquiry to tackle chairman John O’Neill’s stewardship of casino
Financial Review

Star, Crown inquiries: How Australia’s casino industry became so rotten

But while The Star took a holier-than-thou approach to its James Packer-backed rival over the past two years - as three separate state inquiries found Crown unfit to hold casino licences in Sydney, Melbourne and Perth - the evidence heard by the NSW inquiry this past month has shown it was similarly dishonest. The NSW probe, helmed by Adam Bell,…
Industry
Star, Crown inquiries: How Australia’s casino industry became so rotten
Golden Casino News

Crown Resorts approved to resume casino operation in Sydney

Crown Resorts may be on the verge of opening its real-money casino component of its $2.2 billion Crown Sydney Hotel Resort "in the next weeks," local media sites claim. The property swung open its doors for the first time towards the end of 2020, but casino operations were suspended following an Independent Liquor & Gaming Authority investigation…
Travel
Crown Resorts approved to resume casino operation in Sydney
European Gaming

Senet Provides Programme on Gambling Regulation in Sydney

A five-day gambling regulation education programme titled "Regulating The Game" is set to debut in Sydney in just two weeks' time. The education programme is organised through a partnership between Australia's leading specialist gambling law, regulatory and compliance advisory, Senet, and the International Centre for Gaming Regulation (ICGR) at the…
Law
Senet Provides Programme on Gambling Regulation in Sydney
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European Gaming

Australia Regulator Expands Money Laundering Probe at Casino Firm Star

Australia's financial crime regulator said on Friday it had broadened its ongoing investigation of the country's second-biggest casino operator Star Entertainment Group over possible breaches of anti-money laundering and counter-terrorism laws at its casinos. The sector has been plagued by a slew of regulatory inquiries in Australia and the…
Incidents
Australia Regulator Expands Money Laundering Probe at Casino Firm Star
European Gaming

LAYING THE FOUNDATIONS FOR A NEW CASINO REGULATOR

The Bergin Inquiry's key recommendation for a standalone casino regulator is well on its way to becoming a reality, with temporary arrangements put in place to support the new structure. The Independent Liquor & Gaming Authority (ILGA) has announced practical interim arrangements ahead of legislative changes to establish the independent casino…
Gaming Authorities
LAYING THE FOUNDATIONS FOR A NEW CASINO REGULATOR
The Sydney Morning Herald

The secret Australian origins of the world’s biggest crypto casino

In a small, low-key office on Collins Street in the heart of the Melbourne CBD, a successful Australian start-up is quietly going about its work. On the surface, the team at Easygo Gaming appear to be a typical group of video game developers, living the start-up dream. Their Instagram page shows team lunches and an inhouse barista at their Royal…
Crypto
The secret Australian origins of the world’s biggest crypto casino
Vegas Slots Online

The Star Sells Brisbane Treasury Hotel, Casino for AU$248m

Continuing its strategy to unlock the value of its real estate assets, Australia's The Star Entertainment has inked a US$185.9m sale and leaseback deal with Charter Hall for its Treasury Hotel and Casino in Brisbane (pictured above). [Image: Shutterstock.com] Australian gambling operator The Star Entertainment Group has offloaded some of its…
Travel
The Star Sells Brisbane Treasury Hotel, Casino for AU$248m
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The Sydney Morning Herald

Star casino linked to organised crime, money laundering, foreign influence

Listed gaming giant Star Entertainment has been enabling suspected money laundering, organised crime, large-scale fraud and foreign interference within its Australian casinos for years, even though its board was warned its anti-money-laundering controls were failing. Between 2014 and 2021, Star cultivated high-roller gamblers who are allegedly…
Incidents
Star casino linked to organised crime, money laundering, foreign influence
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NSW ILGA to Review The Star Sydney Casino Operations

The NSW ILGA has announced a review into the operations of The Star Sydney casino resort. [Image: Shutterstock.com] The New South Wales (NSW) Independent Liquor and Gaming Authority (ILGA) has announced a review into the operations of The Star Sydney casino resort. Specifically, the investigation will look at the Star Entertainment-owned casino's…
Gaming Authorities
NSW ILGA to Review The Star Sydney Casino Operations
RNZ

SkyCity Casino reports improved full-year profit

Casino operator SkyCity has reported an improved full year profit, but revenue was knocked by intermittent Covid closures and it's already counting the cost of the current lockdown. Net profit after tax $156.1m vs $235.4m Normalised profit $90.3m vs $66.3m (excludes one off items) Revenue $952m vs $1.21bn Dividend 7 cps SkyCity said lockdowns had…
Covid
SkyCity Casino reports improved full-year profit
The Nation Roar

Australia’s Gambling Sector Heading for Watershed Changes

Gambling has become one of the biggest branches of entertainment all around the world. Over the last decade or so, with the adoption of new trends in technology and pop culture, playing traditional gambling games like poker, blackjack, roulette, and slots has grown multiple times over. Both the online variety and the traditional practice of making…
Industry
Australia’s Gambling Sector Heading for Watershed Changes
Vegas Slots Online

The Star Sydney Casino Closes Over COVID-19 Lockdown

The Star Sydney casino resort has suspended nearly all of its operations for at least a week because of new COVID-19 restrictions in the region. This decision came as the New South Wales (NSW) government put into place new restrictions on Friday to counter rising virus cases. outbreak linked to a limousine driver who had driven an international…
Covid
The Star Sydney Casino Closes Over COVID-19 Lockdown
Eminetra

Austrac Accuses A Range of Aussie Casinos for Money Laundering

Australian land based casino operators are feeling the heat after the Australian Transaction Reports and Analysis Centre (Austrac) raised serious concerns over potential money laundering taking place at multiple land based casinos throughout the country. Austrac is the financial watchdog in Australia and one of the responsibilities of this…
Incidents
Market Watch

Australian Casinos Probed For Possible Anti-Money Laundering Law Breaches

SYDNEY--Australia's two largest casino operators are facing fresh scrutiny from regulators after the government's financial intelligence agency uncovered potential breaches of anti-money laundering law. Crown Resorts Ltd., which is already facing multiple investigations from Australian authorities amid disquiet over its business practices in Sydney…
Incidents
Australian Casinos Probed For Possible Anti-Money Laundering Law Breaches