Australia Archives

Royal Commission Into Crown Melbourne Granted Extra Time, Funding

June 13, 2021

The Victorian state government has granted a request by the Royal Commission into Crown Melbourne for more time and more funding following revelations raised in recent weeks around tax avoidance, problem gamb...

Crown Melbourne Casino to Remain Closed

June 11, 2021

Crown Resorts is reopening its hotel and food & beverage facilities at Crown Melbourne on June 11 (today), but its casino will remain closed until further notice. The announcement comes in accordance wit...

Crown Melbourne Deducted AU$200 Million In Casino Comps As Player Winnings To Reduce Tax

June 8, 2021

A Royal Commission into Crown Melbourne’s suitability to retain its long-held casino license in Victoria was told Monday that Crown Resorts had avoided paying up to AU$200 million in taxes by classifying comp...

Crown Reveals AU$160 Million In Gambling Funds Processed Via Credit Cards At Crown Melbourne Contravened Casino Control Act

June 7, 2021

Australia’s Crown Resorts says it has received new legal advice that it breached its Casino Control Act by processing more than AU$160 million in gambling funds via credit or debit card processing at Crown Me...

Scientific Games Eying Possible Listing On Australian Securities Exchange

May 6, 2021

Global gaming giant Scientific Games is said to be looking into an initial public offering in Australia and listing on the Australian Securities Exchange in a bid to raise funds and pay down debt. According ...

Crown Perth Temporarily Suspends its Gaming and Hospitality Operations

April 27, 2021

Australia’s Crown Resorts has temporarily suspended the gaming and hospitality operations at Crown Perth following a small outbreak of COVID-19 in the Western Australian capital city. Crown issued a statemen...

CMC Markets to Stop Offering Countdowns to Aussie Traders

April 13, 2021

CMC Markets (LON: CMCX) has notified its clients in Australia that the trading platform will stop offering Countdowns, an investment similar to binary options, in the county from the end of this month. “Plea...

Crown Melbourne Granted Permission to Increase Capacity as COVID Concerns Ease

March 24, 2021

Crown Resorts may be facing a Royal Commission over its suitability to retain its Victorian casino license, but at least the business outlook is improving for Crown Melbourne. Crown confirmed on Tues...

US media giant Fox Corp said to be eyeing racing and wagering arm of Australia’s Tabcorp

March 18, 2021

United States media giant Fox Corporation is reportedly working with investors on a potential bid to acquire the wagering and media arm of Australian racing and sports betting leader Tabcorp. According to Th...

Cryptocurrency Economy Reaches $1.5 Trillion, Crosses Australian GDP

February 16, 2021

The cryptocurrency market jumped above $1.5 trillion today after the recent rally in Bitcoin and Ethereum. The market of digital assets is now more valuable than the entire Gross Domestic Product (GDP) of Austr...