The Star Entertainment Group published their preliminary final report on their performance over the last 12 months, and saw a 6% year-on-year increase, up to AUD$2.6 billion. The overall earnings, however, slipped by 19.2% or AU$484.4 million. Adding on to their statutory figures, Australian gaming casinos make use of a system known as ‘normalised’ results, which [...]
The Star Entertainment Group has released their final report on their performance in the financial year ending in June. According to the report, the casino operator’s VIP turnover has improved to AU$61.2 billion, and the VIP revenue has also improved to AU$711.5 million. The Star Entertainment Group’s VIP turnover has improved to AU$61.2 billion, and [...]
In a bid to reduce the number of gaming machines in Canberra, clubs will be getting cash or discounts for each pokie machine they voluntarily surrender before February 2019. The city plans to cut poker machines down to 4000. Read on. Canberra Pokie Licences & Machines As part of a power-sharing deal which came into [...]
A survey done by gaming manufacturers finds that the pokies industry has contributed AU$8.32 billion to Australia’s economy during the 2016/17 fiscal year. During the Australasian Gaming Expo in Sydney last week, the data which was compiled on behalf of the Gaming Technologies Association (GTA), was released to the public. The association was representing manufacturers [...]
A Senate inquiry into video game loot boxes passed by senator Jordon Steele-John in June is due to begin in Melbourne today. The inquiry comes after a number of state researchers put the suggestion forward that video game loot boxes may be as addictive as pokie machines. Video game players (particularly, those that are very [...]
The Star Entertainment Group submitted an application with the New South Wales Department of Planning to acquire Ritz-Carlton hotel. The entertainment group wants to improve the Ritz-Carlton hotel tower in Sydney, Australia. The conglomerate along with Chow Tai Fook Enterprises Limited and Hong Kong-based Far East Consortium International Limited will bet set back over AUD$500 [...]
The 2018 Australasian Gaming Expo kicked off earlier this week at Sydney’s International Convention Centre. After enjoying a successful first year in 2017, this year’s event was extended by a day – this made way for double the content to be explored. Ross Ferrar, Chief Executive of the AGE, said: “we’re making it easier than [...]
The Aussie casino operator, Crown Resorts, has received a “pleasing result” as high rollers return in large volumes to play at the company’s casinos. Crown Resorts has reported a substantial 55 per cent increase in play revenue for their VIP program. Read on. High Rollers Boost Crown Casinos In their recent full-year report, Crown Resorts [...]
Towards the end of July 2018, MGM Resorts International became the very first official online casino gambling partner of the NBA, after the two signed a ground-breaking deal. This deal between the major US sports league and the world-renowned casino site is the first of its kind. For years, major sports leagues avoided any form of [...]
Hard Rock has contacted Australia’s local government and the respective tourism leaders about a casino licence for the Gold Coast. They are interested in building an entertainment integrated resort that would serve as the second casino in the region. The idea is to develop a venue that will host a number of non-gambling facilities. However, [...]
