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Poker machines

This Month

The gaming floor at Crown Resorts’ Sydney casino. The company is now allowed to operate poker machines, however.

Crown Resorts wants to add pokies to the mix at its Sydney casino

The Blackstone-owned hospitality and gambling giant has been prohibited from installing gaming machines under terms struck when it secured its NSW licence.

  • Zoe Samios
The decision has attracted criticism from anti-gambling advocates.

Gambling sector stunned by axing of tax breaks

The wagering industry said Labor’s decision to axe the R&D tax incentive for gambling and tobacco companies risked exposing other sectors to political horse-trading.

  • Updated
  • Ronald Mizen

November

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
Artist impression of Wynn Resorts’ upcoming resort on Al Marjan Island in Ras Al Khaimah, UAE.

Light & Wonder eyes UAE after strong North America gains

The Caledonia-backed gaming giant has brushed off concerns about court action from its major rival Aristocrat, claiming the financial impact is not material.

  • Zoe Samios
Aristocrat chief executive Trevor Croker has added asset sales to his toolkit.

This market darling just did another U-turn. Investors love it more

A $1.5 billion deal shows why Aristocrat Leisure has lifted the ASX 200 more than just about any other company this year.

  • Updated
  • Anthony Macdonald
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Raid: Shadow Legends is one of the games that will be sold under the deal.

Aristocrat sells fantasy mobile games publisher for $1.2b

The pokies manufacturer is refocusing on slot machines, lotteries and social casinos, divesting itself from the owner of a popular RPG.

  • Zoe Samios

October

Treasurer Jim Chalmers says taxpayer money being used to develop poker machines is “problematic”.

Chalmers flags crackdown on tax refunds for pokie makers

ASX-listed poker machine giant Aristocrat had a research and development budget of $22.1 million in 2021-22, according to the ATO data released earlier this month.

  • Ronald Mizen

September

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

July

Lightning Link Casino looks and sounds like Aristocrat’s poker machines, a lawsuit alleges.

Class action claims Aristocrat breaking gambling laws

Lightning Link, Heart of Vegas and other social casino games are a lucrative and growing business. But some users allege the company is being misleading.

  • Zoe Samios and Primrose Riordan

June

Aristocrat chief executive Trevor Croker is thinking about doing something unlike the poker machines group: sell an asset.

Why pokies giant Aristocrat is doing a U-turn on computer games

Aristocrat Leisure went big into developing non-gambling computer games less than a decade ago. Now it is considering an exit, in full.

  • Anthony Macdonald
Mounties makes the biggest profit from poker machines in NSW.

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.

  • Zoe Samios

May

Aristocrat’s Trevor Croker is bullish about the company’s prospects in North America.

Aristocrat pops as pokies giant takes share in lucrative US market

Shares soared nearly 12 per cent after it rewarded shareholders with a 6¢ increase to its fully franked interim dividend. It expects to continue to grow there.

  • Zoe Samios

April

SkyCity’s Adelaide casino has been refurbished, but the company faces allegations it allowed billions of dollars of dirty money to be washed through its operations.

Another casino operator is in trouble. Nobody is talking about it

Star Entertainment has been tearing itself apart. But SkyCity is also in a world of pain, with lenders sceptical, money tight and management in disarray.

  • Zoe Samios

Star Entertainment is eating itself alive

How far will the regulator push the company? How much damage have squabbling executives done? An inquiry into the Sydney casino operator is getting ugly.

  • Kylar Loussikian and Zoe Samios
Star Sydney has been accused of having poor culture and allowing fraud to continue to occur inside the casino.

Broken Star cash machine gushed cash and exposed ‘deep cultural’ issue

For weeks, one terminal paid out millions to patrons who already cashed their wins. “Numerous failures” prevented the fraud being detected, an inquiry heard.

  • Kylar Loussikian and Zoe Samios
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March

Light & Wonder executive chair Jamie Odell and vice chair Toni Korsanos.

Aristocrat rival says it did not steal trade secrets for dragon game

Aristocrat is suing its main rival over claims it used confidential trade secrets to rip off one of its games. Light & Wonder has attempted to have the process thrown out of court.

  • Zoe Samios
Aristocrat is suing its major rival.

Pokie rivals in bitter court dispute over dragon games

Aristocrat claims it has lost revenue and market share to its rival, which allegedly copied one of its top games. Light & Wonder described the lawsuit as baseless.

  • Zoe Samios
Ainsworth is reviewing all strategic options.

‘Limiting it to obscurity’: Ainsworth investor slams strategic review

Ainsworth Game Technology, founded by rich lister Len Ainsworth, could talk itself private. A strategic review is infuriating some investors.

  • Zoe Samios

February

Philip Crawford is on a one-man crusade against Star Entertainment

Depending on who is asked, the corporate lawyer turned casino regulator is either keeping the bastards honest – or hounding them out of business.

  • Zoe Samios

December 2023

Endeavour Group holds an investor day on its hotels business on December 6.

Mathieson Group says Endeavour chairman’s days are numbered

With tensions unresolved, the Mathieson camp says it is prepared to call an extraordinary general meeting if Peter Hearl does not step down.

  • Carrie LaFrenz

Original URL: https://www.afr.com/topic/poker-machines-jlz