NewsBite

Gambling

This Month

Peter Webb, founder of Bet Angel.

‘I made millions from sports betting, without ever backing a winner’

By carefully analysing reams of data and taking advantage of changing odds, Peter Webb has made a tidy sum since the easing of online gambling regulations in the UK.

  • Mattie Brignal

December 2024

Ishar Gill, left, his father Jaspal Singh, centre and his sister Jaspeet Gill right, look over the enlarged image of a cheque that will be presented to the winner of the $US1.22 billion Mega Millions Lotto ticket that was purchased at their family’s store in Cottonwood, California.

Someone just won $2b in a lottery, what should they do now?

Experts say the winner of the Mega Millions prize should build relationships with a wealth adviser, a tax accountant, an estate attorney and a therapist.

  • María Paula Mijares Torres
Annette Kimmitt is leaving the Victorian gaming regulator.

Victorian gaming regulator Annette Kimmitt quits

The former MinterEllison chief executive joined the Victorian gaming regulator when it was given more power to penalise misconduct.

  • Zoe Samios

November 2024

Punters will be forced to register themselves if they want to play the pokies in Victoria.

$100 pokie limits in Victorian crackdown

Player cards will be introduced across all gaming machines in the state, bringing pubs and clubs in line with restrictions at Melbourne’s Crown casino.

  • Zoe Samios
Prime Minister Anthony Albanese and Communications Minister Michelle Rowland.

‘Vested interests’ frustrate gambling ad reforms

Communications Minister Michelle Rowland is facing growing frustration, including from within her own party, over the shelving of plans to restrict gambling advertising.

  • Max Mason
Advertisement
Laurence Escalante built Virtual Gaming Worlds into a multibillion-dollar business.

Laurence Escalante’s VGW bulks up exec ranks as casinos bristle

Virtual Gaming Worlds was one of the early beneficiaries of a US legislative loophole in states where gambling is otherwise banned. It’s now under attack.

  • Primrose Riordan and Zoe Samios
Crown Melbourne has been affected by new restrictions that have driven away some of the company’s high-rolling gamblers.

Blackstone builds Crown Resorts debt bomb as casino profits slide

The private equity giant says it’s comfortable with the big loan it took to buy the casino operator, despite the interest bill and an earnings crunch.

  • Updated
  • Zoe Samios and Amelia McGuire
Peter V’landys is not a fan of “nanny state ideology”.

V’landys slams gambling probe, claims NRL betting is least damaging

Peter V’landys doubled down on past claims racing and sports betting are less harmful than lotteries and slammed all 31 recommendations of the parliamentary inquiry.

  • Ronald Mizen

October 2024

Gambling lobbying reveals risk to our democracy

Readers’ letters on gambling advertising reform, Australia’s role in the Pacific, nuclear energy and politicians receiving perks from Qantas.

Better days: Jon Adgemis (left) with Guy Grossi outside the Clifton Hotel at Melbourne’s Kew Junction.

Celebrated chef Guy Grossi distances himself from Jon Adgemis

His company could join other parties that the Public Hospitality Group boss once worked with that have already walked away.

  • Primrose Riordan
Anthony Albanese and Peter V’landys inside the NRL chairman’s suite at the first State of Origin game last year..

NRL, AFL personally lobbied Anthony Albanese against gambling ad ban

Prime Minister Anthony Albanese and NRL chairman Peter V’landys have been singing from the same songbook when it comes to gambling advertising. New details suggest why.

  • Ronald Mizen
Busby’s at Oxford House in Sydney. It is one of the Public Hospitality Group venues that has gone into receivership.

Jon Adgemis says funds moved from pub group was at lenders’ behest

The administrator of a collapsed portion of the pubs and hotels empire had alleged $9 million was transferred over a year as the company began to collapse.

  • Primrose Riordan
Busby’s at Oxford House in Sydney. It is one of the Public Hospitality Group venues that has gone into receivership.

Jon Adgemis allegedly transferred funds out of collapsing pubs group

The high-flying businessman built a hotel empire. But part of the company collapsed, with administrators presenting the initial findings of what went wrong.

  • Primrose Riordan

September 2024

Aristocrat has won a preliminary injunction against its poker machine rival.

Aristocrat wins dragon game injunction against Caledonia-backed rival

The ruling prevents Light & Wonder from selling, leasing, or making money from its game Dragon Train in the US.

  • Zoe Samios
Prime Minister Anthony Albanese opposes a total ban on online gambling advertising.

‘Show some courage’: Pressure on Albanese over gambling ad ban

Prime Minister Anthony Albanese says gambling, not advertising, is the biggest issue to be dealt with, and reiterated his opposition to a total ad ban.

  • Ronald Mizen
Advertisement
Laurence Escalante built Virtual Gaming Worlds into a multibillion-dollar business. But competition and regulatory pressures are mounting.

Online casino mogul gets into lotteries as profits surge

Revenues at Virtual Gaming Worlds, which pioneered the use of a loophole to offer casino-like games with cash prizes in the US, has soared above $6 billion, accounts show.

  • Updated
  • Primrose Riordan
The federal government should establish a national mandatory pre-commitment system across all online gambling.

It’s time Australia put the guardrails on its gambling habit

The public is ready for gambling reform, if only politicians were brave enough to take it up.

  • Aruna Sathanapally
Nate Silver at Aqueduct Racetrack in Queens on July 24.

This poker pro wants to teach you how to be a better gambler

Nate Silver’s account of the gaming industry can be read as a useful manual for aspiring card sharps and professional sports gamblers, but it doubles as an indictment.

  • Max Chafkin
Tabcorp ads appear on on-field signs at The Gabba in Brisbane.

Gambling advertising ban on jerseys and stadium signs back in play

The government had planned a separate process, but discussions have restarted after bookies supported the idea.

  • Ronald Mizen, Zoe Samios and Sam Buckingham-Jones

August 2024

the fin ron mizen

Inside the billion-dollar battle to ban gambling ads

This week on The Fin podcast, Ronald Mizen and Sam Buckingham-Jones on what the government is likely to do and whether it will be enough.

Original URL: https://www.afr.com/topic/gambling-5xm