Latest Casinos News

The NSW Government has postponed the planned reduction of the daily cash limit for gaming customers at The Star Sydney, keeping the $5,000 cap in place until August 2027 under strict monitoring conditions.

The Star Entertainment Group has terminated its binding Heads of Agreement with joint venture partners over Brisbane and Gold Coast developments, retaining its assets but incurring significant repayment and reimbursement obligations.

The Star Entertainment Group reported steady Q4 FY25 revenue of $270 million but widened its EBITDA loss to $27 million, reflecting ongoing regulatory pressures and operational challenges. The company secured $233 million from strategic investors Bally’s Corporation and Investment Holdings, while negotiations continue over its Brisbane joint venture exit.

Donaco International’s Q4 FY2025 results reveal a revenue dip driven by geopolitical tensions at its Star Vegas casino, while its Vietnam hotel posts gains. Meanwhile, the company’s proposed acquisition by On Nut Road Limited moves closer to shareholder approval.

Morris Group has launched a conditional, non-binding takeover proposal for Reef Casino Trust, offering $3.70 per unit, rivaling the existing Iris bid. The Independent Board Committee urges unitholders to hold off while assessing this alternative.

Spheria Emerging Companies Limited has announced its highest-ever quarterly dividend of 3.6 cents per share, fully franked and payable in August 2025, reflecting strong long-term portfolio returns despite recent market volatility.

BetMakers Technology Group delivered a standout Q4 FY25 with record adjusted EBITDA and improved margins, while announcing a strategic acquisition to deepen its US market presence.

Iris Cairns Property Pty Ltd has agreed to acquire Reef Casino Trust in a $177 million cash takeover bid, endorsed unanimously by the Reef Casino Trust board and its largest unitholders.

Donaco International Limited has entered a binding acquisition scheme with On Nut Road Limited at A$0.045 per share, deemed fair and reasonable by an independent expert. The Board unanimously recommends shareholder approval ahead of the August 2025 vote.

Donaco International has updated the timeline for its acquisition by On Nut Road Limited, pushing key dates into August due to valuation and legal review delays. Shareholders await the next steps in this protracted takeover process.

BetMakers Technology Group reports solid Q3 FY25 financial gains alongside a strategic binding agreement to acquire Nevada’s LVDC, expanding its global racing technology footprint.

BetMakers Technology Group is poised to expand its North American footprint by acquiring LVDC, Nevada’s exclusive pari-mutuel wagering provider, targeting an initial A$4 million in annual revenue.