Australia
Australian Communications and Media Authority takes action against 9Now for State of Origin gambling ads
The Australian Communications and Media Authority (ACMA) has taken action against Nine for breaching gambling advertising rules during online streams of the 2019 NRL State of Origin.
An ACMA investigation found Nine aired gambling advertisements during the pre-game programming for State of Origin Games 1 and 2 on its streaming platform 9Now.
Under gambling advertising rules, restrictions start five minutes before ‘kick-off’ if the broadcaster lets viewers know when the game starts at least 24 hours in advance. In this case, Nine did not do this, so the rules applied five minutes before the pre-game coverage.
ACMA Chair Nerida O’Loughlin said the rules prohibit all gambling advertising during live sport streamed online between 5.00 am and 8.30 pm.
“I hope this sends a message to all streaming services that this is something they need to get right,” Ms O’Loughlin said.
“One of the reasons these rules are in place is to allow families to watch live sport without exposing children to gambling.”
The ACMA has issued Nine with a remedial direction requiring it to conduct staff training on the rules for gambling advertising on online platforms, and to submit two written reports showing compliance with the rules over the next 12 months.
In the event that Nine does not comply with the remedial direction, the ACMA may seek penalties of up to $420,000.
Source: acma.gov.au
The Australian Communications and Media Authority (ACMA) is set to request Australian internet service providers (ISPs) to block 10 more illegal offshore gambling websites.
The sites to be blocked are Grand Fortune Casino, Raging Bull Casino, True Blue Casino, Free Spin, Two Up Casino, BoVegas, Cherry Gold Casino, Slots Empire, Red Dog Casino and Wild Joker.
ACMA received over 30 complaints about these services that are accessible in Australia. ACMA’s investigations found that these sites breach the Interactive Gambling Act 2001.
Aristocrat Leisure has priced a new US$500 million term loan to strengthen the group’s liquidity and balance sheet.
Aristocrat said the proceeds of the loan will be used for general corporate purposes and was strongly supported by existing and new investors. The maturity date of the loan is October 2024.
“We are very pleased with the outcome of this debt raising which was significantly oversubscribed. The TLB market continues to provide Aristocrat with flexibility and competitively priced debt on a covenant light basis and we are grateful for the ongoing support of this important debt market,” Julie Cameron-Doe, CFO of Aristocrat, said.
“The transaction is part of our ongoing strategy to further enhance our liquidity, continue to invest for growth and position the group to emerge strongly from the current COVID-19 related challenges,” Julie Cameron-Doe added.
Melco Resorts and Entertainment has sold its 9.99% stake in Australia’s Crown Resorts Ltd to Blackstone Group, the US-based investment company. Blackstone purchased a total of 67,675,000 shares at a price of US$5.32 per share.
The sale of Melco’s 9.99% stake, acquired from James Packer’s CPH Crown Holdings Pty Limited last June, comes in the midst of a public inquiry into the acquisition by the NSW Independent Liquor & Gaming Authority, currently postponed due to COVID-19.
The inquiry, launched last August and running since January, had been looking into a range of issues surrounding the transaction, including whether Crown remains a suitable person to retain its restricted gaming license for its AU$2.2 billion Crown Sydney development, due to open in 2021, and whether the disposal of shares to Melco Resorts constitutes a breach of the license or any other regulatory agreement.
Melco originally acquired the 67,675,000 shares last year at a price of US$8.49 per share.
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