Today
- Exclusive
- Gambling
Laurence Escalante’s Virtual Gaming Worlds delivers monster dividend
The record payout for shareholders comes despite increasing legal scrutiny of the company’s business and its popular Chumba Casino and Luckyland Slots.
- Primrose Riordan
Yesterday
SkyCity suspends dividends, cuts guidance as troubles mount
The operator of casinos in Adelaide and Auckland warned of delays in major projects and a “challenging economic environment”, sending shares tumbling.
- Zoe Samios
This Month
Bigger, more frequent Powerball jackpots on the way: Citi
The investment bank’s analysts have told clients that The Lottery Corporation is cashed up and will defend its most popular game by offering more prize money.
- Zoe Samios
- Updated
- Casinos
Ex-Virgin boss John Borghetti appointed Crown Resorts chairman
Bill McBeath, a veteran US casino executive who ran The Cosmopolitan in Las Vegas, will step aside but remain on the Blackstone-owned gaming group’s board.
- Updated
- Zoe Samios
- Exclusive
- Poker machines
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.
- Zoe Samios
- Investigation
- Decision making
At Star, only the executives got a Christmas party
At an end-of-year dinner with chief executive Robbie Cooke, the casino group’s top managers learnt they were in a war with their regulator.
- Aaron Patrick
Gold Coast prequel to Star’s Hard Rock overture
A storm erupted last month about Hard Rock’s ties to a deal for casino operator Star. This was not the first time such perplexity had emerged, it can be revealed.
- Liam Walsh and Zoe Samios
May
- Breaking
- Online gambling
Stake.com billionaires buy more of local bookie Pointsbet
Ed Craven and Bijan Tehrani first bought shares in December through their fast-growing company EasyGo Gaming.
- Zoe Samios
At Star, one man held all the cards
Chief executive Robbie Cooke was determined to lead every important project at the troubled casino group, former executives say.
- Aaron Patrick
The biggest threat to Australia’s lotteries? This Oregon sports bar
In an understated barbecue joint on the outskirts of Portland, lotto sales are booming – thanks to a secretive Northern Territory-registered wagering group.
- Zoe Samios
Star Entertainment suitor claims it kept Hard Rock in the loop
Two firms – HDI-BB and Hotel Development International – confirmed on Monday that they approached Star in March with a turnaround strategy.
- Zoe Samios and Liam Walsh
The Star suitor and the fight over home in exclusive suburb
There hasn’t been confusion like this around casinos since “The Hangover”.
- Liam Walsh
Star may never be suitable to hold Sydney casino licence, inquiry told
In his closing remarks, assisting counsel Caspar Conde rejected a number of assertions made by Star about its suitability.
- Zoe Samios
- Exclusive
- Gaming & wagering
Brisbane developer emerges at centre of Star’s Hard Rock mystery
The Florida-based entertainment giant said it had not authorised its name for use, despite Star telling investors it had received a proposal.
- Updated
- Zoe Samios, Anthony Macdonald and Liam Walsh
- Opinion
- Chanticleer
Star bidders need to answer one big question
That the stricken Star would attract potential bidders is no surprise. But there’s one question buyers will struggle to answer.
- James Thomson
Star suitor Hard Rock knows a thing or two about the mass market
If a deal proceeds, there’s every chance casinos in Sydney and Queensland will look very different. Just look at their guitar-shaped Florida palace.
- Primrose Riordan and Zoe Samios
Former Star CEO accuses board of being involved in regulator stoush
The barrister representing Robbie Cooke has told an inquiry the company’s directors “cannot escape” - they were part of the rift with the NSW casino authorities.
- Zoe Samios
Star shares surge after casino confirms Hard Rock interest
The company has “received inbound interest” from several parties even as it faces the loss of its lucrative Sydney gaming licence.
- Zoe Samios
- Exclusive
- Casinos
Hard Rock Cafe pitches Star rescue plan
The Florida entertainment giant is considering taking control of Star Entertainment with a proposal that would inject more capital into the struggling gaming group.
- Zoe Samios
SkyCity agrees to $67m penalty as licence decision looms
The case was based on allegations the company allowed high-risk patrons to gamble more than $4 billion in dirty cash through its casino.
- Zoe Samios
