Aquis shareholders approve corporate takeover deal
The shareholders of Australian-listed Aquis Entertainment Ltd have unanimously voted in favor of a corporate takeover that will see Blue Whale Entertainment Pty Ltd become its new majority shareholder. Pending regulatory approvals by the local ACT Government, Blue Whale will...
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Star Entertainment Group warns of EGM saturation as government calls for interest in new Gold Coast casino
Australia’s Star Entertainment Group has warned against the potential addition of any further electronic gaming machines into the Gold Coast market after the Queensland government officially called for global Registrations of Interest this week to develop a Global Tourism Hub...
Crown Resorts plan to build Australia’s tallest tower in limbo after construction extension denied
A plan by Australian casino operator Crown Resorts to build the country’s tallest tower has been thrown into disarray after the Victorian state government rejected an application by Crown and its joint venture partner, the Schiavello Group, to delay construction....
Aquis books AU$3.4 million loss in 2018 as delays in redevelopment plans, EGM legislation continue to bite
Aquis Entertainment Ltd, the gaming company of Hong Kong businessman Tony Fung that owns and operates Australia’s Casino Canberra, reported a loss of AU$3.4 million for FY2018 – the third consecutive year the company has run at a significant loss....
Ainsworth 1H19 results disappoint despite 25% rise in profits
Australian slot machine developer Ainsworth Game Technology Limited (AGT) saw its profit after tax grow 25% to AU$12.1 million in the six months to 31 December 2018, but the company expressed disappointment at its results after another tough period on...
The female touch
Helen Galloway is leading the fight for gender equality in the gaming industry in her role as CEO of Women in Gaming Australasia.
Social casino key to Aristocrat’s 2019 growth strategy: Croker
Aristocrat CEO and Managing Director Trevor Croker has promised to invest heavily in the expansion of the company’s social casino business in 2019, describing the digital segment as a vital component of Aristocrat’s long-term growth strategy. Outlining plans for the...
High win rate deflects slower VIP business for Australia’s Star Entertainment Group in 1H19
Australia’s Star Entertainment Group saw its net profit after tax (NPAT) soar by 351% to AU$149 million and revenue rise 5% to AU$1.33 billion in the six months to 31 December 2018, with a high win rate in its International...
