Gaming

Casino operator Crown has agreed to pay $73 million over two years to settle a shareholder class action accusing it of lax money laundering compliance, with solicitors set to take home $20 million.

A SkyCity shareholder is seeking leave to launch a case against former executives and directors for their alleged role in the mismanagement of the casino's money laundering risk, which last year resulted in a $67 million penalty.

Aristocrat has lost its bid to question class action members about whether they have a gambling problem ahead of mediation, with a judge saying it called for “self-diagnosis” and would not yield reliable results.

Troubled casino operator Star Entertainment says it will have to repay $36.5 million to its Queen's Wharf partners if an agreement  on a plan to buy out its stake in the Brisbane entertainment project is not reached by the end of the month.

A class action over allegedly illegal ‘social casino’ apps is fighting gaming giant Aristocrat’s bid to question group members about whether they are problem gamblers ahead of mediation, arguing the "unfair" exercise could invite vulnerable members to self-diagnose.

A judge has held off on orders requiring Maurice Blackburn to turn over financial information to Sportsbet in a class action over unlawful in-play betting, saying the parties should first confer on the issue of security for costs.

Gaming company Light & Wonder has hit back at Aristocrat’s intellectual property case, arguing that allegedly confidential information about the popular Dragon Link poker game was not trade secrets. 

Gambling company Tabcorp has been fined $4 million or sending over 5,700 messages to VIP customers that failed to comply with spam laws.

AUSTRAC wants Star to pay a $400 million penalty for breaching anti-money laundering and counter-terrorism financing laws, while the company claims a penalty of more than $100 million would tip it into liquidation. 

Auckland-based casino operator SkyCity plans to file a $278 million suit against Fletcher Building over alleged losses stemming from the delayed construction of the New Zealand International Convention Centre.