Legal sports betting in Queensland is likely to get more expensive. The Australian state is increasing the tax rate on operators, as well as introducing a new tax on items previously exempt.
Online sportsbooks in Australia wield a great deal of power, even over the government. They are capable of swaying government decisions to their own benefit in order to control how much they pay in taxes.
Canadian online sportsbetting operator Rivalry Corporation has announced that it has been granted a license that will allow it to start offering a wide range of its services to punters located across the length and breadth of Australia.
Australia’s leading diversified gambling entertainment group, Tabcorp Holdings Limited (ASX:TAH), has entered into a new wagering partnership with the National Football League (NFL).
A new two-year investigation has revealed that more Australians than ever before have been turning to their telephones and computers in order to enjoy some form of gambling entertainment.
A man was knifed to death Fiday at an illicit gaming joint in Hong Kong. A woman was punched and kicked until she lost consciousness. Suspects were apprehended.
Marina Bay Sands in Singapore needs employees – lots of them. The Las Vegas Sands (LVS) integrated resort (IR) is going on a hiring spree, and will hold a job fair for candidates next week.
Investors are repudiating gaming stocks this year, and with first-quarter earnings season looming, online casino and sportsbook stocks could be particularly vulnerable to more downside.
New York Mets owner Steve Cohen wants to bring a casino to Citi Field, and is cozying up to some important local politicians, including Mayor Eric Adams, to drive forward that effort.
Genius Sports (NYSE:GENI) and DraftKings (NASDAQ:DKNG) are the worst offenders in terms of equity-based compensation as a percentage of 2021 gross profits.