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Australia News - Page 42

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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.

Bank Manager Gambled with Bank Funds

International News Brief: An Australian bank manager who stole AUD$19 million to fund his online gambling addiction faces sentencing on Friday after pleading guilty to crimes spanning five years.

UNiTAB Chair: Gaming Must Look Outside Sector

International News Brief: Australia's gaming industry will have to look to new avenues outside of the sector if it is to grow, UNiTAB Ltd chairman George Chapman said.

High Roller Jailed for Fraud

International News Brief: One of Crown's richest high-rollers is behind bars, charged with a global fraud that saw a staggering AUD$190 million poured into his Melbourne casino account.

Australian Gaming Titan Born

International News Brief: A new Australian gambling giant will be born today with confirmation of a $2.5 billion alliance bringing together three former state-owned TABs.

PBL Buys Stake in Burswood Casino

International News Brief: Publishing and Broadcasting Limited has acquired a stake in the Burswood Casino in Perth, Australia.

Australian Premier Defends Gaming Record

International News Brief: Victorian Premier Steve Bracks today defended the state's gaming record after a national report showed it raised more money from gambling revenue than any other state.

Australian Betting Agency Plans in Doubt

International News Brief: Australia’s SportOdds Systems' plans to promote itself as the official betting agency for the Rugby World Cup in NSW have been thrown into doubt after the Federal Court refused to overturn a crucial piece of legislation.

Australia a Nation of Bad Gamblers

International News Brief: Australians lost an average of AUD$1,000 each on gambling last year - two and a half times more than they lost 25 years ago.

Australia Pokie Companies Postpone Campaign

International News Brief: Australia's poker machine manufacturers have postponed plans to bankroll a AUD$30 million public relations campaign to reverse the industry's negative image.

Dealer Chose to Stop Taking Losers' Money

International News Brief: After five years as an exemplary employee at Crown Casino, dealer Karl Metza got sick of watching punters lose.

Tattersall's starts Internet Casino with Access Gaming Systems (AGS) in Australia

Tattersall's, the largest gaming operator in Australia, has launched their Internet Casino for both cash-based and play-for-fun gaming.

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