The city of Lower Hutt in the North Island is considering the introduction of a sinking lid policy on local poker machines, adopting a policy in line with its neighbouring cities in an effort to reduce gambling harm in the local community. According to a report commissioned ahead of the city’s gambling policy review, each machine’s take rose by 66% in the city in the period from 2015 to 2020. The Chairman of the Council’s Policy, Finance and Strategy Committee, Simon Edwards, explained that the local authorities have been considering…
Read MoreDay: 19 October 2021
Shares of Star Entertainment Tumble Following the Threat of Class Action Lawsuit
One of the largest casino companies in Australia – Star Entertainment – is being intimidated by a class-action lawsuit after it was revealed that its shareholder value collapsed by almost AU$1 billion following the operator’s alleged failures to comply with anti-money laundering and counter terrorism-financing rules. The local plaintiff law firm Maurice Blackburn Lawyers has started preparing a class action on behalf of the gambling company’s investors after a number of Australian media hubs revealed that Star Entertainment has been allowing suspected organised crime and money laundering in its casinos…
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