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Australia News - Page 40

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Problem Gambling Expert: Revenues Need to be Halved

International News Brief: If people were serious about reducing problem gambling, gaming revenues to operators and governments would have to drop by up to 50 per cent, a gambling expert has said.

UNiTAB Fine with Tabcorp Merger

International News Brief: UNiTAB Ltd managing director Dick McIlwain says there are no hard feelings about Tabcorp Ltd's rival merger proposal with Tab Ltd.

Sportsbooks Support TAB Merger Conditionally

International News Brief: Tabcorp's proposed $2.3 billion takeover of NSW TAB has won conditional support from some of its biggest competitors, the online sports betting agencies.

Tattersall Blames Smoking Ban for Downturn

International News Brief: Australian gaming giant Tattersall's has blamed a $1.3 billion revenue downturn on the Victorian Government's smoking bans and other regulations.

Pubs and Clubs Gain Wide Reprieve from Pokies Shutdown

International News Brief: More than 100 pubs and clubs have been given an exemption on shutting down poker machines for six hours every day.

Poker Site Charters Ship for Event

Capitalizing on America’s new-found passion for poker, will set sail March 13 for a weeklong cruise culminating in the March 14 -18 Million III poker tournament.

Australian Pubs Exposed as Casinos

International News Brief: Confidential documents are showing that some Sydney pubs are selling little beer across the bar while making nearly all their money from pokies.

Security Upgrade After Gunman Scare

International News Brief: Adelaid’s Skycity Casino has overhauled its security after a gunman spent more than an hour inside the gambling venue.

Australian Casino Gave Cricketers Free Gambling Chips

International News Brief: The Australian cricket team was given free gambling chips by Melbourne's Crown Casino to repay them for patronising the venue, according to a book by a former Australian Cricket Board chief executive.

Broker: UNiTAB Could Bid $2.5 Billion

International News Brief: A leading broking analyst has estimated that UNiTAB could afford to bid as much as AUD$2.5 billion for TAB if the Queensland-based wagering group was forced into a bidding war with Tabcorp.

Gaming Pumps Billions into Australian Province

International News Brief: The racing and gaming industry injected AUD$4.2 billion into the New South Wales economy in 2001-02, new research shows.

TAB Weighs Tabcorp Takeover

International News Brief: Advisers to TAB will work through the weekend to provide information to the NSW gambling company as to how to proceed with Tabcorp's merger proposal.

Australian Market Punters Bet on TAB

International News Brief: Market punters piled out of Queensland's UNiTAB and into TAB Ltd yesterday as bets were placed on the likely outcome of Tabcorp's ambitious AUD$2.3 billion tilt for the NSW gaming group.

Australian Groups to Merge

International News Brief: Victorian-based Tabcorp has announced plans to merge with New South Wales gaming group, TAB.

Tabcorp Cools Victoria Contract Speculation

International News Brief: Tabcorp has said it has not yet started discussions over the future of its licence to operate in Victoria, Australia.

Tabcorp, Jupiters Merger Clears Final Hurdle

International News Brief: The AUD$1.7 billion merger between gaming groups Jupiters Ltd and Tabcorp Holding Ltd cleared its final hurdle, with regulatory approval obtained from the courts.

Packer Not Resigning

International News Brief: Australia's richest man, Kerry Packer, has ruled out resigning from the board of his family's media and casino empire despite life-threatening health problems.

AGE 2003 Review - Part II

Australian Banker Jailed After Stealing Millions for Online Gambling

International News Brief: An Australian bank manager who stole $19 million dollars ($13.11 million US) to feed his Internet gambling addiction was sentenced to five years jail for what a judge described as an 'absolutely breathtaking' fraud.

Investigation Looks at Possible Money Laundered Through Pokies

International News Brief: Claims that millions of dollars are being laundered through poker machines in Sydney clubs are being investigated by the Department of Gaming and Racing.

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