Online bookmaker Centrebet has recorded a big increase in its net profit after tax, with the company reporting a 75 percent boost despite setbacks in Europe.
The Queensland government has opted to maintain its cap on new electronic gaming machines (EGMs) for a further two years as it awaits the Productivity Commission report into the gambling industry in Australia, which is now due for release.
An Australian legal expert says there is a lack of regulatory will to move against offshore operators who act 'with a bullish attitude' in the Australian online poker space, in apparent breach of the Interactive Gambling Act.
Chief executive of Australian giant Tatts Group, Dick McIlwain, has said his company would be interested in picking up Tabcorp Holding's wagering business were it to be offered.
Against a background of strong online betting performances the Northern Territory bookmaker Centrebet has announced it will shutter CK Racing, the company's on-track operation, after the lucrative Easter carnival, due to a drop in on-course betting.
Electronic Gaming Machines have again been garnering headlines in New Zealand, with two separate councils making moves against the 'pokies' in the last week.
A prominent Australian investment group has initiated a sell recommendation for Tabcorp Holdings suggesting some state machine markets may continue to require ruinous levels of investment.
Queensland's racing industry is set for a massive overhaul if plans to merge the regulatory bodies of the state’s three racing codes get the go ahead in the coming weeks.
