This Month
Extending life expectancy big business for Manly app founders
The three surf club members started comparing workouts in 2020. Now their platform, which aggregates wearable technology data, is worth about $9 million.
June
Why Anna Meares chased the job of leading the Aussie Olympic team
As one of the country’s most decorated athletes, Australia’s chef de mission knows the triumph and heartache of competing at this level better than most.
- Updated
- Casinos
Casino regulators clear way for Bruce Mathieson to buy up more of Star
The decision by NSW and Queensland authorities means the billionaire can increase his stake in the gaming operator from the 9.7 per cent he currently holds.
- Updated
Robyn Denholm, Larry Kestelman buy slice of women’s basketball
The WNBL, currently run by Basketball Australia, has struggled to make money for years. The two businesspeople will buy a controlling stake in the league.
- Updated
- Casinos
Former Lendlease boss Steve McCann takes top job at Star Entertainment
The businessman also ran the casino group’s rival, Crown Resorts, before it was sold to Blackstone. He will receive a $2.5 million sign-on bonus.
- Updated
- Updated
- Media & marketing
Seven West in major executive reshuffle as it cuts $100m in costs
Analysts have warned the structural challenges facing the free-to-air television industry would hinder the broadcaster’s ability to grow its profit margins.
- Updated
- Exclusive
- AFR Magazine
‘Visionary, out there, no tie’: Meet the man who runs the Olympics
IOC executive director Christophe Dubi loves the Games. He’s about to find out if he’s guaranteed their future.
High-roller exodus rolls on at struggling Star casinos
Star says its main gaming floors are attracting customers, but not enough to offset dramatic declines from its premium gaming rooms.
Surf lifesaving in the Olympics? This broker says it’s no pipe dream
Shaw and Partners is all-in on wealth and health. But there’s more to its latest deal: elevating competitive surf lifesaving to the Brisbane 2032 program.
Market finds solace in McLachlan’s experience growing AFL bets
But others, like David Pocock, are increasingly unhappy about the “nexus” between the powerhouse football code and major wagering companies like Tabcorp.
- Updated
- Gaming & wagering
Former AFL boss Gillon McLachlan takes on ‘legacy brand’ Tabcorp
He arrives at the company in the midst of a painful transformation and after the departure of Adam Rytenskild, who was being investigated for offensive language.
- Updated
Aussie swimmers poised to make Olympic history
Australia’s swim team could make history in Paris, with a long line of champion women powering through qualifying trials.
- Exclusive
- Private equity
Private equity giant Blackstone enlists former AFL boss Gill McLachlan
The businessman stepped down as chief executive of the AFL at the end of last year. He’s been linked to a range of roles across sport and wagering.
How Australia became a big money-maker for the NBA
NBA says Australia is the highest revenue-generating market for merchandise and its streaming service, NBA League Pass.
SkyCity suspends dividends, cuts guidance as troubles mount
The operator of casinos in Adelaide and Auckland warned of delays in major projects and a “challenging economic environment”, sending shares tumbling.
Bigger, more frequent Powerball jackpots on the way: Citi
The investment bank’s analysts have told clients that The Lottery Corporation is cashed up and will defend its most popular game by offering more prize money.
- Updated
- Casinos
Ex-Virgin boss John Borghetti appointed Crown Resorts chairman
Bill McBeath, a veteran US casino executive who ran The Cosmopolitan in Las Vegas, will step aside but remain on the Blackstone-owned gaming group’s board.
- Updated
Denholm, Kestelman in joint play for big stake in women’s basketball
Tesla chairwoman and the Dodo founder already have significant interest in basketball. Others to have submitted offers for a 30 per cent stake include IMG, sources say.
- Exclusive
- Poker machines
Sydney’s Mounties club under AUSTRAC scrutiny for pokies profits
The club, in the city’s south-west, is one of the biggest in terms of gaming machines profit. It is unclear if other NSW clubs are under similar scrutiny from the financial crimes watchdog.
Gold Coast prequel to Star’s Hard Rock overture
A storm erupted last month about Hard Rock’s ties to a deal for casino operator Star. This was not the first time such perplexity had emerged, it can be revealed.