After all eyes were glued to the Women’s FIFA World Cup last year, Puma has jumped at the chance to kit out New Zealand’s football teams in Puma gear. Puma’s sponsorship of the Women’s Legacy team during the WWC got them their foot…
New Zealand based SkyCity Entertainment Group has finally reached an agreement with AUSTRAC regarding failure to comply with Anti-Money Laundering (AML) laws. The penalty is said to be AU$73 million. Prices for SkyCity shares jumped by over 5%, after uncertainty over the penalty…
Eight people have been charged by the Department of Internal Affairs over a corruption network involving electronic gaming machines in venues in Hawke’s Bay. Those charged were in management positions across multiple colluding organisations, including venues, charities and grant beneficiaries. The director of…
Tabcorp has successfully secured exclusive rights to manage retail betting in Victoria. After an extensive bidding war, they will pay around NZD 1.4 billion. The agreement is for the next twenty years. Tabcorp has held the equivalent of this license since 1994. Shares…
Tauranga City Council has updated its Gambling Venues Policy. Class IV venues are now allowed to relocate away from high-deprivation residential areas. Despite Tauranga’s reputation of affluence, seven of its twenty suburbs are considered to be high-deprivation areas. Almost one-third of Tauranga’s 32…
The 90-day closure of Star’s Treasury Brisbane and The Star Gold Coast casinos has been avoided – for now. 31 May 2024 is the new date set for the suspension. Last year’s penalties also required the two casinos to have a Special Manager…
SkyCity, NZ’s largest casino operator, is finally opening its new 5-star hotel, Horizon. The hotel overcame delays that have kept it from opening since 2019. Air bridges will connect the hotel to the rest of the SkyCity Precinct in the heart of Auckland.…
The Victorian Gambling and Casino Control Commission has given ALH Group a half-a-million-dollar fine for staying open past their allowed times. In what critics believe is a warning shot to other venues, the VGCCC is giving a second 6-figure fine to the Australian…
Ellerslie Racecourse re-opens with a bang with the TAB Karaka Millions, New Zealand’s richest horseracing day. Ellerslie closed for a turf upgrade in 2022. NZ$4.45 million is up for grabs on the day with the new addition of a million-dollar four-year-old thoroughbred race.…
SkyCity Entertainment Group Ltd has lowered its earnings forecast for the remaining 2024 financial year. Its profit is now expected to be lower than last year. 2023’s financial year saw SkyCity posting NZ$310 million for its operating profit. A year-on-year profit was anticipated,…
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