Studies show dramatic rise in online gambling during COVID-19 lockdowns
A joint study by Australian credit bureau illion and analytics firm AlphaBeta has revealed a 67% increase in online gambling in the past week alone following the recent shutdown of all non-essential services due to COVID-19. The figures, based on...
Read more
Donaco says cash reserves enough for year-long casino closures
Southeast Asian casino operator Donaco International Limited says it has enough cash on hand to survive for more than a year on estimated cash burn of up to US$900,000 per month following the closure of its casinos in Cambodia and...
Safety first
Harry Ashton, Director – Government Relations at Aristocrat, discusses the company’s initiatives when it comes to Responsible Gameplay. Ben Blaschke: Can you explain the importance of responsible gaming and how Aristocrat sees its role in promoting such a concept? Harry...
COVID-19 sees NSW inquiry into Melco’s acquisition of Crown Resorts shares deferred
The NSW Independent Liquor & Gaming Authority has confirmed it will postpone the majority of works related to its public inquiry into Melco Resorts & Entertainment’s acquisition of a 9.99% stake in local casino operator Crown Resorts due to the...
Crown Resorts in good shape to absorb casino shutdown but dividends unlikely: Fitch
Australian casino operator Crown Resorts is well placed to absorb the closure of its gaming operations, but may need to temporarily abandon its fixed dividend policy, according to ratings agency Fitch. In a Thursday note addressing the recent closure of...
Star Entertainment Group to cancel final dividend for 2020 financial year
Australia’s Star Entertainment Group has revoked its usual policy of paying out a minimum of 70% of normalized profits after tax to shareholders, revealing it won’t pay a final dividend for the year ending 30 June 2020. The decision comes...
Aquis slashes salaries, Casino Canberra staff amid shutdown
ASX-listed Aquis Entertainment Ltd says it has stood down around 90% of its 235-strong workforce following the forced closure of all casinos in Australia last week. Mirroring similar measures taken by the larger Star Entertainment Group, Aquis – which owns...
Star Entertainment Group stands down 90% of workforce as COVID-19 pain spreads across Australia
Australia’s Star Entertainment Group has stood down 90% of its workforce and will slash directors’ fees and salaries as it looks to navigate the closure of all casino operations due to COVID-19. Casinos across the country were ordered closed indefinitely...
