Australia
The Star: New Debt Facility Arrangement
The Star Entertainment Group Limited announced that the Group’s corporate lenders have executed a commitment letter for a new debt facility (of up to $200 million in two-tranches) which will become effective upon completion of long-form documentation and satisfaction of various conditions precedent.
The Group’s existing $450 million facility has been reduced to $334 million which is fully drawn.
The Company’s lenders have agreed to provide covenant waivers for the next two testing dates, being 30 September 2024 and 31 December 2024, with the waiver for the latter date being subject to execution of long-form documentation for the new debt facility and other customary conditions.
The new facility comprises two tranches of $100 million each. The first tranche is expected to be available to be drawn, subject to conditions precedent, from the end of October 2024 through to 20 December 2024.
The first tranche is subject to certain conditions precedent being met, including:
•the provision of unsecured guarantees from some of the Group’s regulated entities and enhanced security granted to lenders;
•regulatory consents and government approvals as required for guarantees and enhanced security for the lender group;
•the establishment of a disposal proceeds account with a credit balance of an amount representing the net proceeds of the sale of the Treasury Brisbane casino building and any other non-core asset proceeds completed before the draw down; and
•other customary conditions precedent.
The second tranche is subject to more extensive conditions precedent but, if satisfied, would be expected to be available to be drawn from the end of December 2024 and have a 4 month availability period following the drawing of the first tranche.
The conditions precedent for the second tranche drawdown include:
•the receipt of required regulatory consents and finalisation of documentation for the granting to the lender group of security over the Group’s regulated entities;
•provision of information in relation to the Group’s long-term strategy;
•all lender approval of the Group’s strategic plan and long-term financial forecasts;
•the Company raising additional subordinated capital of at least $150m; and
•other customary conditions precedent.
The all-in coupon for the new facility is 13.50% per annum (assuming cash pay is elected), and the existing $300 million term facility has been repriced to this level:
•the Company has the flexibility to capitalise a component of the interest at its election; and
•there is a reduction in the coupon subject to the Group’s Adjusted Net Leverage Ratio falling below 4.0x.
The maturity date for the new facility is consistent with the existing term loan (December 2027). The Group will also retain up to $34 million of bank guarantees under the existing revolving credit facility.
Australia
AUSTRAC CEO Brendan Thomas Announced as Speaker for Regulating the Game 2025 Sydney
The organisers of Regulating the Game 2025 have announced that Mr Brendan Thomas, chief executive officer of AUSTRAC, will be a featured speaker at the 2025 edition of the conference, taking place at the Sofitel Sydney Darling Harbour from 10-13 March 2025.
Mr Thomas, who began his 5-year term as AUSTRAC CEO in January 2024, brings extensive experience in leading public services and delivering reforms, particularly within NSW’s criminal and civil justice systems.
As the head of Australia’s financial intelligence unit and AML/CTF regulator, he oversees AUSTRAC’s efforts to safeguard the financial sector from criminal exploitation while providing critical intelligence to support national security, law enforcement and regulatory partners.
AUSTRAC has intensified its focus on the gambling sector, following a series of high-profile enforcement actions against major casino operators and several corporate bookmakers. Reports in the Financial Review have also highlighted AUSTRAC’s increased scrutiny of pubs and clubs in the wake of the 2022 NSW Crime Commission’s Project Islington, which, while finding no widespread laundering of criminal proceeds, revealed significant amounts of illicit funds being gambled in these venues.
Paul Newson, principal at Vanguard Overwatch and organiser of Regulating the Game, said: “Having Brendan Thomas speak at the conference signals AUSTRAC’s ongoing commitment to the gambling sector. His participation emphasises the importance of making sure the industry is alert to money laundering risks and continually strengthened against financial crime.”
Mr Thomas’ presentation is expected to offer invaluable insights for regulators, industry leaders and key stakeholders, especially as AUSTRAC’s role in combatting financial crime is set to expand further with the anticipated passing of the Government’s Anti-Money Laundering and Counter-Terrorism Financing Amendment Bill 2024. This legislation aims to extend the AML/CTF regime to high-risk professions, such as real estate agents, lawyers, accountants and dealers in precious metals and stones, marking a pivotal shift in Australia’s regulatory landscape.
Regulating the Game 2025 will be held in Sydney, Australia, from March 10 to 13. The event will once again serve as a platform for thought leaders, innovators and regulators to come together and explore the most pressing issues in the gambling sector.
Australia
TexBet fined $33,000 for ignoring gambler’s request to close betting account
Online bookmaker O’Shea Bookmaking Pty Ltd, trading as TexBet, has been fined $33,000 for sending gambling ads and accepting new bets from a customer who had tried to close their betting account.
O’Shea Bookmaking was sentenced in the Downing Centre Local Court on Wednesday 25 September for offences under the Betting and Racing Act 1998 (NSW).
This is the first time that an online betting agency has been fined in NSW for the offences of direct marketing without consent and failing to close a betting account on request, which came into effect in 2019.
Liquor & Gaming NSW investigated a complaint made by a former TexBet customer who withdrew their consent to receive gambling ads and requested that their betting account be closed in May 2022.
Despite this, TexBet sent the customer four gambling ads via text message and accepted 75 new bets from them after the date.
Liquor & Gaming NSW Executive Director Regulatory Operations Jane Lin said TexBet’s actions were serious breaches of the state’s gaming laws.
“By engaging in this behaviour TexBet has broken a law that was put in place to protect vulnerable people who are trying to exclude themselves from gambling,” Ms Lin said.
“These laws were specifically developed to reduce the risk of gambling harm by requiring online betting businesses to make it simple for people experiencing harm to self-exclude and opt not to receive ads about gambling products.
“We know that direct marketing of gambling inducements can cause an increase in betting, betting expenditure and gambling-related harm.
“Not only has TexBet broken the law, but it also placed this individual at greater risk of further gambling harm by sending them ads and accepting their bets after they specifically requested for their account to be closed and not to receive gambling ads.
“Online betting businesses that operate in NSW need to ensure they have robust systems in place to prevent direct advertising to people who have opted out.
“If they fail to abide by NSW gambling laws they should expect to be caught and prosecuted.”
Australia
Discover PlayCroco.com Casino: Top Games, Bonuses, & Exceptional Support
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When comparing PlayCroco Casino to other popular platforms like Ozwin Casino, I noticed a few key differences. While both casinos offer a wide range of games and generous bonuses, PlayCroco Casino has a slight edge due to its user-friendly design and the variety of promotions available. Furthermore, the efficient PlayCroco Casino real money banking options and responsive customer support make it a preferred choice for many players.
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Software Providers
The quality of the gaming experience at PlayCroco Casino is bolstered by partnerships with top-tier software providers. Renowned names like RealTime Gaming (RTG) power the casino, ensuring high-quality graphics and smooth gameplay. RTG is well-known for its diverse range of games and reliable performance, which is evident across PlayCroco’s platform. This collaboration guarantees that players receive the best possible gaming experience, whether they’re playing from a desktop or the PlayCroco app.
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Navigating PlayCroco Casino is designed to be simple and enjoyable, providing a user-friendly interface from the very first interaction. Here, I break down the key aspects of the user experience.
Registration Process
The registration process at PlayCroco Casino is straightforward and swift. When I decided to register, I found the process took only a few minutes. I clicked on the “Sign Up” button, which led me to a form requesting basic information such as my name, email address, and date of birth. One aspect I appreciated was the clear instructions and minimal data requirements, avoiding unnecessary complications. Additionally, I noticed that PlayCroco Casino encourages new players by offering a variety of welcome bonuses during the registration process, such as the $75 no deposit bonus code PlayCroco.
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When exploring the PlayCroco Casino website, I found the navigation to be exceptionally user-friendly. The main menu is well-organised, allowing easy access to different game categories, promotions, and support options. The search functionality is top-notch, which made finding specific games or promotions a breeze. Particularly beneficial is the quick “PlayCroco Casino login Australia” link that makes logging in straightforward for Australian players. Furthermore, the website loads efficiently, and the layout is intuitive, enabling even newcomers to find what they need without hassle.
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In terms of mobile compatibility, PlayCroco Casino excels. I tested the PlayCroco app and was impressed by how well it mirrored the desktop experience. The app’s interface is clean and responsive, making it easy to play games on smaller screens. Important features such as the “Play Croco sign in” and access to promotions like the Play Croco Casino 60 free spins are seamlessly integrated. During my testing, games ran smoothly without lag, which is crucial for an enjoyable mobile gaming experience. This makes it convenient for players to enjoy PlayCroco Casino real money games on-the-go.
Overall, PlayCroco Casino provides an excellent user experience, from the straightforward registration process to the intuitive website navigation and flawless mobile compatibility. This ensures that both new and experienced players can enjoy a seamless gaming experience.
Performance
PlayCroco Casino has managed to carve out a niche for itself through a stellar performance across various metrics.
Game Loading Speed
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Customer Support
Customer support at PlayCroco Casino is top-notch. Available through multiple channels such as live chat, email, and phone, the customer service team is both knowledgeable and responsive. I have found their live chat feature particularly useful—it’s quick, efficient, and resolves issues on the spot. Whether you are facing challenges with the PlayCroco Casino login in Australia or need clarification on the Play Croco sign in process, support is readily available. This high level of customer care contributes to a highly positive experience, distinguishing PlayCroco from other competitors.
Advantages
At PlayCroco Casino, several standout features make it appealing to both newcomers and seasoned players. Here’s a closer look at the key advantages that set this platform apart.
Generous Welcome Bonus
One of the key attractions of PlayCroco Casino is its generous welcome bonus. New players can take advantage of a substantial initial offer, which often includes a playcroco casino no deposit bonus. This means you can start exploring the games without making an initial deposit. Furthermore, regular promotions like the play croco casino 60 free spins provide continuous incentives to keep players engaged. These offers are invaluable to both beginners looking to extend their playtime and experienced players aiming to maximise their winning potential.
Wide Range Of Games
PlayCroco Casino boasts an extensive selection of games, which is updated frequently to include the latest titles. Players can enjoy a variety of classic and video slots, table games like blackjack and roulette, and multiple variations of video poker. This variety ensures that there is something for everyone, no matter their gaming preference. The quality of these games is enhanced by partnerships with leading software providers like RealTime Gaming (RTG), ensuring high-quality graphics and smooth gameplay, making the PlayCroco experience highly enjoyable.
Strong Security
Security is a paramount concern for any online casino, and PlayCroco Casino excels in this area. The platform employs advanced SSL encryption to protect users’ personal and financial information, ensuring safe transactions. In addition, the casino is licensed and regulated, which guarantees fair play and reliability. These robust security measures are especially reassuring for players who wish to playcroco casino real money games, knowing their data is protected at all times. The secure payment options, which include Visa, MasterCard, e-wallets, and even Bitcoin, further underscore the platform’s commitment to safety and convenience.
Disadvantages
While PlayCroco Casino has many advantages, there are a few drawbacks that players should be aware of.
Limited Availability In Certain Countries
One of the primary disadvantages of PlayCroco Casino is its limited availability in certain countries. Although the platform is accessible to players in numerous regions, restrictions apply to various countries. This limitation can be a significant drawback for players who travel frequently or reside in regions where the casino’s services are restricted. As a UK-based player, I found access to PlayCroco straightforward, but some of my friends in other countries were not as fortunate. Being unavailable in some key gaming markets affects the casino’s overall reach and ultimately limits its player base.
Withdrawal Process
The withdrawal process at PlayCroco Casino is another area where there is room for improvement. While deposits are typically quick and hassle-free, the same cannot always be said for withdrawals. Players have reported that withdrawal times can be longer than expected, sometimes taking several days to process. This can be particularly frustrating for those who playcroco casino real money games and expect prompt access to their winnings. Additionally, there are sometimes high minimum withdrawal limits which can be a barrier for casual players who may not accumulate large balances quickly.
Despite these disadvantages, PlayCroco Casino still provides a high-quality gaming experience. However, players should be aware of these potential pitfalls before diving in.
Alternatives
When looking at alternatives to PlayCroco Casino, it’s essential to consider several key factors such as game variety, bonuses, and user experience. Here’s a closer look at how PlayCroco compares to other online casinos.
PlayCroco vs. Ozwin Casino
Ozwin Casino is a popular choice among Australian players, much like PlayCroco. Both casinos offer a wide variety of games, but PlayCroco stands out with its more frequent updates and a broader range of video poker options. While Ozwin Casino has a user-friendly interface, I find PlayCroco’s design to be slightly superior, making it easier to navigate and enjoy the games.
In terms of promotions, both offer enticing bonuses. For instance, PlayCroco Casino frequently provides bonuses such as the $75 no deposit bonus code, enhancing its appeal. However, Ozwin also offers competitive promotions, so the choice may come down to personal preference.
PlayCroco vs. Fair Go Casino
Fair Go Casino is another notable casino that caters extensively to Australian players. Both Fair Go and PlayCroco share similarities in their offerings, including a strong focus on slot games and generous bonuses. However, PlayCroco has a slight edge with its mobile app, which mirrors the desktop experience, allowing for seamless gameplay on the go.
Fair Go Casino’s support is commendable, but PlayCroco’s live chat feature often resolves issues more efficiently, providing a smoother overall experience. Additionally, PlayCroco’s banking options, including Bitcoin, offer a modern touch that may appeal to tech-savvy users.
PlayCroco vs. Ignition Casino
When comparing PlayCroco with Ignition Casino, the difference in their target audiences is evident. Ignition Casino is more geared towards poker enthusiasts and offers extensive poker tournaments, unlike PlayCroco. However, if a player prefers a broader selection of casino games, including a vast array of slots and table games, PlayCroco may be the better option.
PlayCroco also shines in terms of user experience. Its straightforward Play Croco sign-in process and intuitive navigation are highlights. Ignition Casino is robust, but I find PlayCroco’s interface more welcoming and easier for new users to get accustomed to.
PlayCroco vs. Joe Fortune
Joe Fortune offers a plethora of games and is known for its user-centric approach. Compared to PlayCroco, Joe Fortune has a more extensive collection of specialty games. However, PlayCroco Casino holds its ground with regular updates and a more engaging variety of promotions, like the Play Croco Casino 60 free spins offer.
The Playcroco Casino real money experience is generally smoother due to their efficient banking system and security features, ensuring easy and secure transactions. Joe Fortune is also secure, but PlayCroco’s variety of banking options, including e-wallets and cryptocurrency, adds a layer of convenience.
PlayCroco vs. Red Dog Casino
Red Dog Casino is another competitor with a solid selection of games. Both Red Dog and PlayCroco are powered by RealTime Gaming (RTG), ensuring high-quality graphics and gameplay. While Red Dog Casino is impressive, PlayCroco’s edge comes from its no deposit bonuses, making it an attractive option for new players looking to explore without commitment.
I also appreciate PlayCroco’s responsive customer support, available through multiple channels, which often provides faster resolutions compared to Red Dog. While both casinos offer a strong gaming experience, PlayCroco’s focus on user experience and continuous promotions makes it a compelling choice.
Conclusion
PlayCroco Casino offers a first-rate online gaming experience with its extensive game selection and user-friendly design. The generous bonuses and secure banking options make it a standout choice for players. The responsive customer support and efficient mobile app further enhance the overall experience.
While there are some limitations, such as restricted availability in certain countries and slower withdrawal processes, the benefits far outweigh these drawbacks. For those seeking a reliable and engaging online casino, PlayCroco Casino is a top contender.
Frequently Asked Questions
What is PlayCroco Casino?
PlayCroco Casino is an online gaming platform known for its extensive game selection, user-friendly design, and generous bonuses. It caters to both experienced players and newcomers, providing a seamless gaming experience.
What types of games does PlayCroco Casino offer?
PlayCroco Casino offers a wide range of games, including slots, table games like blackjack and roulette, and various video poker options. The platform frequently updates its game library to include the latest titles.
Are there any bonuses or promotions at PlayCroco Casino?
Yes, PlayCroco Casino features generous bonuses and promotions, such as a welcome bonus, no deposit bonus, free spins, and regular promotional offers. There is also a loyalty program that rewards consistent play.
What banking options are available at PlayCroco Casino?
PlayCroco Casino offers diverse and secure banking options, including Visa, MasterCard, e-wallets, and Bitcoin. These options facilitate smooth deposits and withdrawals.
How is the customer support at PlayCroco Casino?
Customer support at PlayCroco Casino is responsive and knowledgeable. It is available through various channels, including live chat, email, and phone, ensuring prompt assistance for any issues.
Does PlayCroco Casino have a mobile app?
Yes, PlayCroco Casino offers a mobile app that delivers a seamless gaming experience, mirroring the quality and functionality of the desktop version.
Is PlayCroco Casino safe and secure?
Yes, PlayCroco Casino prioritises safety with advanced SSL encryption and is licensed and regulated, ensuring fair play and secure transactions.
How does PlayCroco Casino compare to other online casinos?
PlayCroco Casino stands out for its user-friendly design, extensive game variety, and efficient banking options when compared to competitors like Ozwin Casino, Fair Go Casino, and others.
Are there any disadvantages to PlayCroco Casino?
One drawback is its limited availability in certain countries. Additionally, the withdrawal process can sometimes be slower than expected, with high minimum withdrawal limits that might deter casual players.
How quick is the game loading speed at PlayCroco Casino?
PlayCroco Casino boasts impressive game loading speeds, ensuring a smooth and uninterrupted gaming experience for both casual and real-money players.
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