Australian casino company Star Entertainment has seen its stock price go on a roller coaster ride the last couple days, as rumors of a takeover have swirled. And the latest is not good. On Monday, Star said that it was involved in “non-substantive discussions” with a consortium led by Hard Rock Hotels & Resorts (Pacific)… Read more »
Markets react positively A consortium led by Hard Rock Hotels & Resorts (Pacific) has expressed interest in acquiring struggling Australian casino company Star Entertainment. According to Australian Financial Review, Star’s Board of Directors has received the group’s proposal, though no official offer announcement has been made. Hard Rock would rebrand Star and separate the casinos… Read more »
Customers just taking what they want, no big deal The Star Entertainment Group, one of Australia’s two major casino operators, is in the spotlight for negative reasons once again. This time, it is revelations of lax concern for customers and the company’s financial well-being that have come to light during a New South Wales (NSW)… Read more »
That’s a big chunk of change Australian sportsbook Betr – no relation to the one in the States founded by Jake Paul – made its bed last year and now and now it has to lie in it. In a promotion last September, Betr offered 100-1 odds on a AU$10 maximum bet on five events,… Read more »
In the States of America, it is unthinkable that the government would be able to tell you what you can spend your money on (within reason, of course). Imagine if you can that a country would allow for casinos to exist, but then would restrict how much you could wager in them. That seems to… Read more »
In a ruling on Monday, the Federal Court of Australia ordered Diverse Link Pty Ltd to pay a penalty of AU$5 million (USD$3.4 million) for provided unlicensed, and thus illegal, online gambling through the website Redraw Poker. The case from which the order came was a civil suit filed by the Australian Communications and Media… Read more »
Since the U. S. Supreme Court rejected the Professional and Amateur Sports Protection Act (PASPA) in 2018, the world of sports betting has never been the same. With one huge ruling, the SCOTUS opened the door for each state to decide what to do with the issue of wagering on sports. After a huge rush… Read more »
It is always tragic when someone passes away, especially at a young age. It is also tragic when they have a connection to the very game that you have covered. Thus, it is with great sadness that Poker News Daily must report on the passing of a friend of the game of poker, a legend… Read more »
Crown not even bothering Australia’s Crown Resorts is in trouble yet again. During a royal commission in Victoria into Crown’s gaming license on Wednesday, Adrian Finanzio, counsel assisting with the inquiry, called Crown’s responsible gambling policies “an example of the most irresponsible approach to gambling.” As reported by WAtoday, Crown allowed some gamblers to sit… Read more »
For a long time, many online casinos, poker rooms and sports books have operated in the realm of “gray” legality. They are not necessarily against the law, but many states (and countries, for that matter) are not rushing to lock people out of the sites or prosecute the principals. That will be changing in the… Read more »
He’s had one of the more impressive runs in the world of poker. He’s also been able to make an impact on the international politics stage. But, after several years away from the game, is Antanas ‘Tony G’ Guoga looking to return to the poker world on a full-time basis? End of His Political Career… Read more »
Final act of desperation Tired of all the stressful news about the United States presidential election? Well, here is a pleasant story about a gambling-related kidnapping. Fortunately, the child was rescued and on Monday morning, the abductor was sentenced to seven years in prison. In a short hearing in Southport District Court in Queensland, Australia,… Read more »
Bank didn’t think about gambling problem The Commonwealth Bank of Australia (CBA) has been fined AUD$150,000 (USD$107,580) after a Federal Court ruled that it had violated the National Credit Act for increasing a customer’s credit limit, even after that customer told the bank that he had a gambling problem. The bank also did not bother… Read more »
Ok, I know I’m totally a bad person and a bad parent for finding part of this story entertaining, but come on, sometimes things are funny. And of course I would never take my kids onto a casino floor and let them gamble – I don’t even keep my payment information stored on any online… Read more »
In February of this year, poker professional Micah Raskin’s world came to a crashing halt when he was charged by Nassau County (NY) authorities of operating a major drug ring. Now the federal authorities are getting into the game, with Raskin facing more charges in a federal court along with his state charges. Earlier this… Read more »
As they prepare to drop the ball in New York City, it is appropriate to look back at the year gone by in the poker world. When it comes to politics regarding poker in 2017, for the first time in ages it wasn’t just the States of America that had its issues. Turmoil regarding poker,… Read more »
