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Crown Barangaroo’s Gaming Operations to Be Delayed

George Miller

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Crown Barangaroo's Gaming Operations to Be Delayed
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The NSW Independent Liquor & Gaming Authority has formally requested Crown Resorts to delay opening gaming operations at its Barangaroo casino next month in light of ongoing concerns over the company’s suitability to run the casino.

ILGA chair Philip Crawford said the Authority resolved at today’s board meeting that it was not in a position to consider a range of essential regulatory applications on matters such as minimum bet limits, VIP membership policy, gaming area boundaries and “close associates” of the licence holder.

“We are hopeful that Crown Resorts will agree to our request to postpone opening of all gaming activities, which would be unable to begin without approval of these regulatory matters,” Mr Crawford said.

“The Authority has found ongoing evidence before the Bergin Inquiry to be extremely concerning, and that any gaming activity at the casino before the Inquiry’s findings are released in February 2021 and considered by the Authority would pose unacceptable risks on the community against the public interest.

“In light of this, we did not consider it appropriate to determine the applications before the Authority until the findings of the Bergin Inquiry.”

Mr Crawford said ILGA is prepared to work with Crown to explore options that may enable the opening of non-gaming areas including accommodation, restaurants, bars and entertainment areas next month.

Australia

Jumbo: Lotterywest white-label website operational

George Miller

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Jumbo: Lotterywest white-label website operational
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Jumbo Interactive Limited (Jumbo) is pleased to announce that the Lotterywest white-label website www.oz.lotterywest.com is now live and fully operational, within the timeframe anticipated when Jumbo announced the Lotterywest Agreement to the ASX on 13 November 2020.

Under this Agreement, Jumbo will provide its online software platform and services to Lotterywest for up to the next 10 years, and has agreed to transition its WA customers to Lotterywest. Jumbo has also ceased sales of Tabcorp products to its WA customers from 21 December 2020, consistent with the terms of Jumbo’s 10-year agreements with Tabcorp, first announced on 29 June 2020.

“We’re very pleased to have delivered this project within the scheduled timeframe”, said Mr Mike Veverka, CEO of Jumbo.

“The successful completion was the result of the excellent working relationship between the Lotterywest and Jumbo project teams who were both focused on ensuring an uninterrupted firstclass customer experience”, he said.

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Australia

SQID Enters into Letter of Intent to Acquire 50% of ICON Esports

Niji Narayan

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SQID Enters into Letter of Intent to Acquire 50% of ICON Esports
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SQID Technologies Limited has entered into a letter of intent (LOI) to acquire 50% of ICON Esports Pty Ltd.

SQID has agreed to invest AUD 2,250,000 for a 50% equity interest (on a fully-diluted basis) in ICON. The investment is expected to be used to expand the sales and business development activity and to support growth.

Upon completion of the transaction, SQID intends to integrate its payment platform into the ICON platform forming a single unified solution for payments and marketing campaigns. SQID has an existing solution of APIs and software plugins for mobile applications and upon completion of the transaction, expects a relatively simple integration between the two platforms.

Pursuant to the LOI, in recognition of the management time and cost commitment with respect to the transaction, ICON has granted SQID a period of exclusivity for two months from the date of the LOI. In addition, upon completion of the Transaction, it is expected that two nominees from SQID and two nominees from ICON will comprise the board of directors of ICON.

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Australia

Liquor Licence Approved for Resort at Crown’s Barangaroo Casino

George Miller

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Liquor Licence Approved for Resort at Crown's Barangaroo Casino
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The NSW Independent Liquor & Gaming Authority has approved an interim liquor licence for the resort at Crown’s Barangaroo casino.

ILGA chair Philip Crawford said the Authority is considering a further two liquor licences for other non-gaming areas of the casino, with a final decision expected within the week.

The licence issued today will allow Crown to serve alcohol at the Crown Sydney resort, which includes a number of bar areas. The additional licence applications still to be determined apply to two restaurants at Crown Sydney.

Last month ILGA decided against approving a range of regulatory items related to the casino’s gaming activities prior to the release of the Bergin Inquiry’s findings in February 2021.

At the time, ILGA agreed to work with Crown Resorts to enable opening this month of all non-gaming areas including accommodation, restaurants, bars and entertainment areas.

ILGA’s position on Crown Sydney’s gaming operations has not changed.

The licence issued today has been issued on an interim basis, with an end date of 30 April 2021.

This will enable ILGA to consider any suitability concerns arising from the Bergin Inquiry following the handing down of the report due early next year, before making a further decision regarding an extension to the licence.

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