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Gaming & Wagering


Crown reported a $199 million loss in the 2023 financial year.

Crown’s multibillion-dollar expense bill wipes casino profits

The Blackstone-owned company improved revenue by 44 per cent, but it was not enough to offset the toll of penalties and sharpening compliance.

  • Zoe Samios


Tabcorp received its first remuneration strike since 2018.

Tabcorp hit with strike over ‘excessive’ pay

It is the first strike against Tabcorp’s remuneration report since 2018.

  • Zoe Samios

This Month

Ownership Matters said the STI outcome for Tabcorp chief executive Adam Rytenskild is “excessive”.

Three major proxy firms now dispute Tabcorp CEO, directors pay

Ownership Matters and ISS have joined the Australian Shareholders’ Association in opposition to the proposed pay packets of the wagering giant’s CEO and directors. 

  • Zoe Samios
The CEO of SkyCity, the owner of Adelaide’s casino, has resigned.

SkyCity chief executive Michael Ahearne resigns

Julian Cook, chairman of SkyCity, said Mr Ahearne had led the business through a “complex and demanding period”.

  • Zoe Samios
Pubs billionaire Bruce Mathieson.

Bruce Mathieson back shopping for Star Entertainment shares

The billionaire was spotted buying a small parcel of shares on Friday, just over two weeks after refusing to tip into Star’s $750 million equity raising.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Star Entertainment boss Robbie Cooke: earning less by the month

Star’s capital-raise costs Robbie Cooke

Even before the AGM approves his retention rights, the casino titan’s CEO is out some $500,000 on their face value.

  • Myriam Robin
Tabcorp chief executive Adam confident the business strategy will deliver growth despite weaker economic conditions.

Tabcorp wagering revenue falls, shares plunge 10pc

The ASX-listed operator took the unusual step of providing the market with first-quarter revenue in an attempt to provide clarity on broad market conditions.

  • Zoe Samios
Bruce Mathieson (above) is backing Bill Wavish to join the board at Endeavour Group.

Bill Wavish outlines his Endeavour fix-it plan to investors

The former chairman of Myer and Dick Smith set out his two-part agenda in a 22-page slide deck sent to fund managers.

  • Carrie LaFrenz and Simon Evans

News Corp quietly sold out of Betr after four months, despite $70m investment

The Murdoch family’s media empire is no longer a shareholder in the wagering group run by wealthy bookmaker Matthew Tripp, the company has confirmed.

  • Zoe Samios and Sam Buckingham-Jones
Pubs baron Bruce Mathieson said it was “nice to be proven wrong” on Carlton.

Carlton brawler Bruce Mathieson turns on Endeavour

Shareholders will be hoping it’s not a Blues situation, where the thing needed to turn the institution’s luck was having Mathieson’s representative step away. 

  • Myriam Robin


Steve Donohue is the chief executive of Endeavour.

Mathieson accuses Endeavour board of running an ‘insiders club’

The billionaire, whose son Bruce Mathieson jnr is a director, is backing the election of former Myer chairman Bill Wavish at the company’s annual meeting.

  • Kylar Loussikian
Crown CEO Ciaran Carruthers and chairman Bill McBeath at Crown’s Melbourne resort.

Blackstone underestimated size of Crown Resorts challenge: chairman

Bill McBeath says Blackstone miscalculated the amount of work required to transform the casino giant’s culture and systems following years of scandal. 

  • James Thomson
The price of Star Entertainment shares shed another 10 per cent after Monday’s dire outlook.

Star receives lukewarm reception from insto investors in $565m raise

The raise – and a retail component worth $185 million – is part of a broader package of measures designed to shore up the embattled casino group.

  • Updated
  • Kylar Loussikian
Bruce Mathieson became a significant investor in Star Entertainment in February.

No, thanks! Star’s top investor Bruce Mathieson skips on $750m raise

Bruce Mathieson Jr, who has been the key decision maker for the family on Star, confirmed to Street Talk it did not take up the entitlements.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
It’s Star’s second recap this year.

Star mops up insto leg of $750m raise; Mathieson’s stake unclear

Star Entertainment Group had no troubles luring in takers for its fire-sale equity raising on Tuesday, but its largest shareholder Bruce Mathieson’s appetite was a mystery.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Star Entertainment Group boss Robbie Cooke has tapped investors for the second time in seven months.

Desperate Star’s kitchen sink equity raising is deja vu all over again

Robbie Cooke insists his fresh $750 million raising sets Star up for the future. But investors have heard it all before.

  • James Thomson
Star Entertainment shares have fallen almost 70 per cent in 12 months.

Star Entertainment restructures debt, raises $750m at large discount

The casino operator’s chief executive, Robbie Cooke, says the new financing and a $450 million debt facility is a “key milestone” in the company’s renewal.

  • Kylar Loussikian
Star last raised $800 million in February at $1.20 a share.

Star launches $750m equity raise at 60¢ a share

It’s showtime for the sequel to The Star Entertainment Group’s February recapitalisation.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
Red 5 has a $940 million market capitalisation.

WA gold play Red 5 beefs up defence after Silver Lake buys 11pc

It’s a wise move: Finlayson isn’t likely to let a cashed-up Silver Lake swoop on Red 5 without a fight.

  • Sarah Thompson, Kanika Sood and Emma Rapaport
One of the Global Data Centre Group’s investments is in AirTrunk.

Global Data Centre a winner from AirTrunk IPO: analysts

Unified Capital Partners analyst Jonathon Higgins says AirTrunk’s IPO is a “major group catalyst” for the ASX-listed digital infrastructure play.

  • Sarah Thompson, Kanika Sood and Emma Rapaport