Who will buy Melco’s City of Dreams Manila?

Who will buy Melco’s City of Dreams Manila?

Last month, Melco Resorts & Entertainment confirmed it is “exploring potential strategic alternatives” for City of Dreams Manila, raising the possibility of selling its Philippines resort. Is the billion-dollar price too steep? Melco aims to free capital for its planned entry into Thailand, expected to approve casino legislation this year. During a fourth-quarter earnings call,…

Thailand announces potential casino host sites

Thailand announces potential casino host sites

Thailand has selected four locations to host “entertainment complexes,” which will feature the nation’s first casinos. Earlier this week, Prime Minister Paetongtarn Shinawatra emphasized that the country will not rush the passage of casino legislation, allowing the public more time to provide feedback. However, lawmakers have continued shaping the Entertainment Complex Act. On 13 March,…

Mystery Melbourne resident snags $15 million Oz Lotto jackpot

Mystery Melbourne resident snags $15 million Oz Lotto jackpot

A mystery Melbourne player may have gone to sleep last night completely unaware that they are now $15 million richer after claiming one of the two division one winning entries in Oz Lotto’s latest draw.The second division one ticket was won by a New South Wales resident who purchased their entry via OzLotteries.com.The unknown Victorian…

Australians Lead the World in Gambling Losses, Report Finds

Australians Lead the World in Gambling Losses, Report Finds

A “hands-off approach” has made Australians the world’s heaviest gambling losers, a scathing report claims, criticising the nation for letting the industry “run rampant.”The average Australian adult spends $1,635 a year on gambling, according to a Grattan Institute report.That figure exceeds typical household electricity bills and far surpasses the gambling spend in comparable nations such…

The Star Sydney Fined $15M as Licence Review Continues

The Star Sydney Fined $15M as Licence Review Continues

The Star Sydney has been hit with a $15 million penalty but will retain its licence, under conditions, after a detailed regulatory investigation.The NSW Independent Casino Commission confirmed the fine today and outlined a set of strict licence requirements.This means the troubled casino – flagged for leadership and cultural issues – can continue operating but…

Victoria introduces Australia’s toughest pokie machine regulations

Victoria introduces Australia’s toughest pokie machine regulations

The Victorian government will slash the maximum cash input into poker machines from $1000 to $100 under sweeping reforms tabled in parliament today. The new laws establish the foundation for carded play, requiring gamblers to use a player card before operating a machine. The card informs players about their gambling behavior and enables them to…

The areas in Sydney where the most money is lost on the pokies

The areas in Sydney where the most money is lost on the pokies

Gambling in NSW remains at concerning levels, with players losing more than $1 million to poker machines every single hour, adding up to just over $24 million daily. Between July and September 2024, losses on the state’s 87,000 machines totaled $2.25 billion, according to new figures from the NSW Department of Liquor and Gaming. Click…