March
This $15b Nasdaq group wants to shift its primary listing to the ASX
If a business has size and growth, management has a vision, and everyone executes as promised, the local market can still provide a red carpet treatment.
Pubs and clubs fund major parties to limit hostile crossbench
The Australian Hotels Association will back Labor and Coalition candidates facing independent challengers, in a bid to minimise the uncertainty of a hostile crossbench.
December 2024
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.
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.
November 2024
$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.
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.
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.
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.
October 2024
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.
September 2024
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.
July 2024
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.
June 2024
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.
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.
May 2024
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.
April 2024
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.
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.
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.
March 2024
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.
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.
‘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.