NewsBite

Zoe Samios

Yesterday

Tabcorp wants to spend less on bankrolling its retail locations across pubs and clubs.

V’landys backs Tabcorp’s Gil McLachlan in pub wagering stand-off

The wagering giant plan to scrap commissions for pubs and clubs has irked the powerful hotels’ lobby. The racing industry sees things differently.

This Month

Andrew Demetriou is launching Sanctum inside Pullman Melbourne on the Park in August.

Former AFL boss launches Melbourne’s newest private club

Andrew Demetriou has had a vision for this members’ club since leaving the AFL in 2014. For $4500 a year you can experience it too.

Star’s Sydney casino is the company’s flagship, and where most of the money-laundering risks that caused the company significant regulatory issues occured.

High-risk junkets accounted for 14pc of Star’s revenues for five years

Documents filed with the Federal Court show the casino giant admitting high-roller trips which raised money-laundering issues were a huge part of its business.

Nick Timmings, a Winter Olympian Skeleton athlete and Matt Allen, an Australian Olympic Committee board member and philanthropist at Athletes Authority in Artarmon.

How to sponsor an Olympic athlete (and get a tax break)

A new scheme encourages wealthy people to give money directly to athletes in lesser-known sports such as skeleton (it’s a bobsled) by offering tax deductions.

The local boss of Ladbrokes’ owner Entain will leave the business.

Entain boss Dean Shannon to depart ahead of AUSTRAC remediation

The chief executive who led the company since 2019 will step down upon the completion of a new anti-money-laundering program.

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Pointsbet CEO Sam Swanell plans to sell the business to Japanese entertainment company Mixi.

Japan’s Mixi hikes PointsBet takeover bid, valuing bookmaker at $402m

The entertainment giant’s hopes of acquiring the ASX-listed group had been complicated by a rival proposal from Matthew Tripp’s Betr, which holds 20 per cent.

Domain.com.au could be set for a rebrand if a deal with CoStar goes ahead.

CoStar considers Domain rebrand after buying Homes.com.au

The American real estate giant’s chief executive, Andy Florance, says the purchase of the domain name will give him “optionality” in the future.

Adam Zampa.

How Cricket Australia uses AI to connect with sports fans

Cricket is a sport that generates millions of data points. Cricket Australia is trying to use them to engage fans.

Laurence Escalante built Virtual Gaming Worlds into a multibillion-dollar business.

Escalante to buy out investors in his $3.2b online gambling giant

Billionaire Laurence Escalante already controls 70 per cent of Virtual Gaming Worlds, and last month told unhappy shareholders they should just sell out of the company.

May

Crown Perth has been overseen by an independent monitor for more than two years.

Blackstone’s Crown nears final regulatory hurdle in WA

The West Australian government said an independent monitor put in place after damning money laundering findings had concluded its work at the casino.

The English Premier League has become too expensive for Australian media companies.

Premier League turns into Optus’ biggest headache

The telecoms giant has broadcast the English Premier League for nearly a decade. That could all change in a matter of months, but it all depends on price.

Former Northern Territory chief minister Shane Stone.

Former NT chief’s pokies regret: ‘I wish we never had them’

Alice Springs has one of the highest concentrations of pokies in the world. Shane Stone, who ran the NT in the ’90s, wishes he did more to rein them in.

Matt Wilson, chief executive of Light & Wonder, says M&A is still on the horizon.

Light & Wonder keen on more M&A deals, primary listing in Australia

The gaming group’s CEO, Matt Wilson, discusses its strategy, what businesses it might acquire, and how they are managing the Trump-led trade volatility.

James Warburton will return to Supercars.

James Warburton returns to Supercars as CEO

The former Seven West Media boss is back pursuing his passion: motorsports.

Crown Melbourne was once the place to stay.

Blackstone had big plans for Crown Towers. They haven’t materialised

Blackstone spent $8.9bn on Crown Resorts in 2022 and promised investment. Crown Towers is now in desperate need of a glow-up – and it’s starting to become a problem.

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Anthony De Ceglie, centre, Kerry Stokes, left, and Peter V’landys.

Stokes wishes right-hand man well after surprise jump to NRL

Channel Seven news boss Anthony De Ceglie has been named as chief executive of rugby league’s newest club in the AFL state of Western Australia.

Aristocrat’s Trevor Croker brushed off concerns about a reduction in poker machine sales and fees per day.

Aristocrat Leisure shares tumble as revenue falls short

Chief executive Trevor Croker sought to ease investor concerns after a disappointing half-year result took $3 billion off its market cap.

Ainsworth announced a deal to take itself private with Novomatic in April.

Billionaire’s son takes up the fight for the future of Ainsworth

Kjerulf Ainsworth, son of poker machine billionaire Len who founded Ainsworth Game Technology, wants a say in the company’s future.

Nine will broadcast the 2025 Women’s World Cup, the 2027 Men’s World Cup and the 2029 Women’s World Cup.

Nine locks in World Cup deal to ‘own rugby’

The agreement also includes the World Rugby Sevens championship and a host of other live rugby events.

John Howard is demanding Anthony Albanese introducing national gambling reform.

‘Grave social evil’: Howard urges government to crack down on pokies

The former prime minister is calling for regulatory reform following an investigation into the distribution and ownership of poker machines in Alice Springs.

Original URL: https://www.afr.com/by/zoe-samios-p4yvph