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May - June 2000
Asia & Australasia

27th June   Canberra  Source: Yahoo UK/Reuters/Newsbytes
   
The Australian Federal Government continues to get tough on Internet gaming. It is proposing legislation that will come in to force later this year that will fine companies up to A$1.1 million per day to force them to comply with the 12 month moratorium. The six states and two territories are thought to have issued at least 22 licenses.

    There are also more interesting stats from a Newsbytes article on the same subject. "The Internet has the power to put a Poker machine in every living room"
Australian Government Seeks To Ban Net Gambling
 

27th June   Asia   Source: Yahoo UK Sport


   As the European Football Championships reach the semi finals stage, police in Asia are targeting illegal bookmaking on the tournament. Hong Kong police have arrested 15 people after raids on 20 locations. This follows on from a Thai police operation that netted 192 arrests. A spokesman for the British bookmaker Ladbrokes offshore betting division in Gibraltar recently said that the average bet from their Asian customers was $10,000.
Betting Clampdown
 

26th June   Australia   Source: Dow Jones 


    Dow Jones newswires has a detailed interview with the Tabcorp Holdings chief executive Ross Wilson. Tabcorp owns the Star City Casino in Sydney and profits are assumed to be coming in at A$160 for the financial year. Tabcorp bought Star City for A$1.7 billion in October 1999. Some of the future plans include a A$20 million facelift as well as swopping IGT slots for Aristocrat models.
Tabcorp:Comfortable With Mkt Estimates Of A$160M FY Pft
 

24th June   Australia  Source: SMH


    The moratorium on Internet casino licenses in Australia continues to fill many column inches. The Sydney Morning Herald has an article where several of the online companies complain that the ban is leading gamblers to go to unregulated sites. Not all of the Australian States though are in favour of the ban. Tasmania rushed through six licenses before the April 19th decision and has four more lined up.
    Anti gambling voices concerned at the 200,000 problem gamblers in the country point the finger squarely at Pokies as the greatest wreckers of households and families.
Space your bets
NZ Government Announces Review Of Gambling, Gaming Sector
 

22nd June   Toms River, NJ  Source: Press release


    Gaming Laboratories Australia operated under license from Gaming Laboratories International has received accreditation from the Victorian Casino and Gaming Authority.
    The company now has the go ahead to commence testing services for regulatory authorities and private companies. GLI now employs around 120 worldwide and completes in the region of 30,000 certifications of gaming devices anually.
Gaming Laboratories Australia Receives Accreditation From Victorian Casino And Gaming Authority
Gaming Laboratories Australia Getting Ready To Attend AGE 2000
 

21st June   Norfolk Island Source: SMH


    The tiny Australian Norfolk island (1400 km east of the Queensland coast) has issued an Internet gaming license to UBet.com a subsidiary of California video slot manufacturer Silicon Gaming. The decision has aroused anger with the Australian Federal government that presently has a moratorium on new licenses being granted.
   In the SMH article the Norfolk Islands gaming minister believes that at just 4% tax the casino could generate A$100 to A$150 million a year. But adds that even if only A$100,000 is generated annually (a more likely sum) - the money will still come in useful.
Norfolk mutiny: net bets on way
 

16th June 


Australia   Source: Sydney Morning Herald
Mr Carr, in this game you can't bet each way
 

8th June  New Zealand  Source: Dow Jones


   Sky City Ltd of New Zealand has announced that it will appeal the decision by a High Court Judge that has stopped building work on the companies new casino development in Hamilton. The Judge ruled that the decision to grant the license was flawed because one of the Casino Control Authorities members was apparently biased toward the development.
NZ$ Sky City Hopes For Aug. Crt Ruling On Appeal For Casino
 

5th June  Sydney  Source: Dow Jones/Stockhouse Australia


   Australian online casino operator GOCORP listed on the ASX on monday and the price nose-dived. The original float was for 40 million shares at A$0.50 - 16.7% of the total. At the close of trading the shares ended at A$0.23 on volume of 5 million. The company was quick to point out that its Queensland based online casino AusVegas.com.au will be unaffected by the Australian governments present moratorium on Internet gaming licenses.
GOCORP price at Stockhouse.com.au
Gocorp Lists On Australian Exchange At 23.2c-Shr
GOCORP float sinks
 

31st May  Sydney  Source: Reuters/Asia Pulse


   The talks between Britain's Gaming Internet Plc and Consolidated Gaming of Australia have apparently ended according to a Reuters article. Reasons stated are the changing regulatory attitude in Australia towards online gaming following the imposing of a year long moratorium on the issue of further licenses.
   Potential online operators who were issued licenses by Tasmania at the eleventh hour before the start of the moratorium include ecorp Ltd a subsidiary of Kerry Packer's Publishing and Broadcasting Ltd.
Cons Gaming says Gaming Internet pulls bid
UK Company Calls Off Takeover of Australia's Consolidated Gaming
 

25th May  New Zealand  Source: Dow Jones


    New Zealand casino operator Sky City Ltd have been told by a High Court Judge that the construction underway on the Hamilton casino must stop. Opponents of the premises had sought a court ruling after the Casino Control Authority had granted the license in December of 1999.
    To be named the Riverside Casino the project was expected to create 350 jobs and have 350,000 visitors in its first year. Sky City who have just bought the Adelaide casino, also has a second property under construction in Queenstown on the South Island due to open later this year.
NZ Sky City Yet To Respond On Court Ruling Against Casino
    Sky City has been approved by the South Australia Gaming Supervisory Authority for the purchase of the Adelaide casino. 26th May Dow Jones.
NZ Sky City: Australian Approval For Adelaide Casino Buy.
 

25th May  Malaysia  Source: Dow Jones


    Malaysian casino operator Genting Bhd. owners of Genting Highlands casino have announced profits of Ringgit 138 million ($36 million) for the first quarter of 2000 on turnover of Ringgit 710 million. The company also has property and plantation interests and it is the first time profit figures have been released under new Malaysian regulations.
Malaysia's Genting 1Q Net MYR138.0M
    Resorts World a subsidiary of Genting announced on the 22nd that it will be taking a position in Star Cruises, new owners of Norwegian Cruise Lines with a $480 million cash subscription.
Resorts World proposes US$480m cash subscription
 

22nd May  Sydney  Source: Dow Jones


    Star City Casino owners Tabcorp Holdings Ltd. have announced that subsidiary Tabcorp Online Pty. Ltd has been granted a license to operate an online casino by the Tasmanian Government. The news comes less than a week after the Australian Federal Government announced that they would be enforcing a moratorium on further licenses being issued by Australian State Governments.
Australia's Tabcorp Gets Online Tasmania Gaming License
Australia Pushes Ahead With Online Gambling Ban

Leading up to the moratorium decision Tasmania and Australian Capital Territory have issued a total of 7 licenses to online operators.
Online gambling against the odds
Yahoo Aus/NZ Full Coverage- Gambling Issues/Moratorium
 

19th May  Canberra  Source: ABC


    The Australian Federal Government is imposing a moratorium on the issue of further Internet gaming licenses. The ban  will come into effect today and all the states barring Western Australia and New South Wales have agreed to abide by the decision. The move comes after Australian Capital Territory has recently issued two licences at a cost of A$200,000 to Canberra based ACTTAB and Tattersalls bookmakers.
Govt imposes moratorium on Internet gambling
 

17th May  Queensland   Source: Dow Jones


   Casinos Austria International is set to have a new chief executive from 1st June. Frank McFadden will step into the position, previously he was chief executive of the Reef Hotel & Casino in Cairns. The company presently has some 57 landbased casinos with 17 cruiseship concessions and is listed on the Australian Stock Exchange. The company also manages the Oasis Casino in Lebanon that since opening in September 1998 with 35 tables has grown to over 100.
Australia Business Briefs: New Casinos Austria Intl CEO
CAI quote from Yahoo Finance Australia
 

16th May  Melbourne   Source: Dow Jones/Yahoo Asia


    The double whammy of shaky tech stocks and the uncertain regulatory future of Internet gaming is giving Australian companies that are planning an IPO much to think about. The Lasseters issue has been trimmed back in recent days to an offer price of A$0.75. Access Gaming Systems IPO is presently on hold. My Casino stock after being well received in mid April has since lost around 50% of its value.
    Over the last year the change of tack on gambling issues in Australia has been pronounced with the Government now pondering a moratorium on further Internet gaming licenses.
Asian IPO Focus: Australian Online Casinos Do It Tough
 

15th May  Australia   Source: Asia Pulse/Yahoo Aus/NZ


   Jupiters casino on Australia's Gold Coast has announced that the budget for the upgrade to the property has been trimmed to A$84 million from around A$150 million. The Gold Coast Convention and Exhibition Centre that will be built next to the casino is a co-operation between Jupiters and the Queensland State Government. The Government is chipping in the A$118 million required and Jupiters is supplying land in exchange for the management contract.
Australia's Jupiters Cuts Expenditure on Casino
 

13th May  Hong Kong   Source: SCMP/Yahoo Asia


   News that Stanley Ho will be involved with DrHo.com an online gaming website presently under development has created quite a stir in Asian circles. The South China Morning Post carried vivid descriptions of the site and its James Bond like styling.
    The original press release for the venture has also come under scrutiny because of the fact that promoting any other form of gambling in Hong Kong other than horse racing and lottery is illegal. The Canadian developers, in Los Angeles to officially launch the site were adamant that it would not be promoted in the province.
Punters lured by tycoon, pirate and double-Ho-7
Online casino 'will not target SAR gamblers'
 

12th May  Sydney   Source: Yahoo/Dow Jones


   The launch of digital television in Australia on January 1st 2001 will give Australian's more opportunities to gamble. This is the belief of the Australian Institute for Gambling Research executive director Jan McMillen.
    With the Sydney Olympics approaching if gambling were included as an event Aussies would surely make it onto the podium. They lost a whopping A$12.43 billion in the year ended last June according to statistics from the Tasmanian Gaming Commission.
Australian Betting To Rise With Digital TV -Research Exec
 

12th May  Hong Kong   Source: Yahoo Asia/AFP


   Dr Stanley Ho looks set to start taking bets in cyberspace to compliment his gaming monopoly on the island of Macau. DrHo.com is being developed by Canadian company Eyeball.com and will feature a range of casino games with a combination of live and animated action. The news release from STDM (Sociedade de Turismo e Diversoes de Macau) to the South China Morning Post detailed that the site will be previewed this weekend at the Electronic Entertainment Exposition in Los Angeles.
Dr. Stanley Ho to Roll Out Gaming Site
Macau casino tycoon Stanley Ho to launch Internet gambling site
 

8th May  Sydney   Source: SMH


   The Sydney Morning Herald reported on the 3rd May that Australian State Government Premier Mr Carr believes that NSW gaming laws should be applied to the entire nation. NSW is the only state government to support a moratorium on Internet gambling. Other issues that could be potentially brought into harmony would be controls on deceptive advertising, police exclusion orders and research into problem gambling.
Carr seeks national legislation on gaming
 

5th May  Sydney   Source: Yahoo Asia


   The NSW Department of Racing and Gambling has released turnover details on an unamed group of 10 Asian gamblers who played at the Sydney Harbour Casino during 1996. The group bet a combined total of A$386 million during the period.
HK resident tops list of high rollers