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In another update for The Star Entertainment Group, JPMorgan Chase has now acquired a 5.66% stake in the business.
This percentage represents the investment banker’s new voting power within the company, with the news being shared through an ASX Announcement and notification of substantial shareholding.
“As required under Listing Rule 3.19, The Star Entertainment Group Limited (the Company) gives notice that it has become aware that JPMorgan Chase & Co. and its affiliates became a substantial shareholder of the Company on 1 August 2025, with relevant interests held totalling 162,330,539 ordinary shares, representing 5.66% of the voting power in the Company,” the notification reads.
JPMorgan Chase & Co and Star Entertainment Group timeline
This comes after it was announced back in December of 2024 that JPMorgan Chase had ceased to be a shareholder in Star Entertainment, with an exchange filing sharing the details.
The company had a 5.09% stake in the Australian company before withdrawing it. Just a month later, though, in January 2025, it was announced through a filing that the powerhouse JPMorgan Chase & Co were increasing their shares.
The reason behind the newest change is not yet known, but it does come at a time of continued uncertainty for the gambling and entertainment company.
The last couple of years have thrown the brand many troubles, with it announcing the end of an agreement with its joint venture partners earlier this month.
Although this week (August 6), the New South Wales government extended the company a small lifeline. Rather than introduce its $1000 AUD ($650.49) gaming limit on August 19, it will postpone it until August 19, 2027. This means the $5000 limit will remain in place, which could provide some relief for the casino brand.
This came after Star and Crown Sydney wrote to officials to request the delay. According to reports, Star needed the delay to refit its machines to match the incoming limitation. With two years on the clock, it can now tend to its 1,500 machines.
Featured Image: Credit to Ben Sutherland on Flickr, Attribution 2.0 Generic license
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The World Lottery Association (WLA) has announced that it has ramped up activities to combat match fixing and other illicit activities which impact the industry.
“Together with other stakeholders, we are leading this global fight,” the WLA says. In a deeper look into the topic, which is done in the association’s magazine, the Chair of the WLA, Jean-Luc Moner-Banet, expands on the issues the industry is currently facing.
“Our industry faces a number of important challenges. For instance, we must always find a balance between not overregulating and sending bettors to illegal markets, while keeping regulated lottery offerings relevant and responsible.
“Related to this, our members must continually educate sports bettors as to why they should choose legal rather than illegal operators.
“They must find effective ways to communicate this with their customers, who may not be aware of the impact illegal operators can have on the integrity of sport, and loss of funds to good causes.”
WLA shares details of new project to develop guidelines to assess services by the betting industry
When asked how the committee is supporting members in addressing these concerns, Moner-Banet explains the recent actions that have taken place.
“Over the past year, the Committee has developed useful materials for members, including the Anti-money laundering best practices guide, with insights into the attraction of betting markets for money launderers, the impact of evolving technologies, and useful measures to establish, in order to better protect themselves from potential money launderers.”
The WLA’s annual Sports Betting Seminar, co-organized with the European Lotteries, was focused on the theme ‘future proofing sports betting – integrity and innovation in lottery offerings.’ The event attracted over 100 participants from numerous regions to discuss the latest trends.
To really push its commitment to combating these issues, the WLA has a project underway with the Council of Europe (CoE) to develop guidelines which aim to define a set of criteria and thresholds that can be used to assess the provision of services by the betting industry.
“The objective is to ensure that operators prioritize individuals/teams, competitions, and markets (betting types) with high integrity standards and those individuals/teams and competitions where there is already a high level of customer interest in betting on the outcome of an event.
“We hope this will also strengthen cooperation with relevant authorities, sports governing bodies and jurisdictions, in cases where concerns exist regarding the prevention, detection, prosecution, and awareness of match-fixing.”
Featured Image: AI-generated via Ideogram
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Light & Wonder has seen its net income rise by 16% in its second quarter of the year, with the figure increasing to $95 million.
While the net income saw a massive increase, the consolidated revenue of $809 million decreased slightly by 1%. The consolidated AEBITDA, however, is another that’s on the up as that increased by 7% to $352 million, as compared to the prior year period.
The American corporation that provides gambling products and services has expanded on what was experienced during the quarter, as they say the ‘impact of macroeconomic uncertainty’ led to more cautious purchasing behavior and delayed capital expenditure among some of its customers which impacted the timing of game sales.
The gaming business sold over 9,000 new units globally which maintains a strong market share momentum. It was the SciPlay revenue which continued to outpace the market too, while the iGaming business had quarterly record revenue.
“We successfully completed the acquisition of Grover and are executing on planned integration ahead of schedule with over 600 active units added since the acquisition announcement back in February 2025,” the company writes.
Light & Wonder’s iGaming business had quarterly record revenue
Matt Wilson, President and Chief Executive Officer of Light & Wonder, said, “We remain committed to R&D investment to further proliferate our high-performing content across channels and continue to realize the benefits of strong game performance.”
The CEO expanded on the company’s position, stating they continue to execute on key initiatives to both expand and extend the longevity of the fleet for maximum value.
“Following an extensive diligence process, I am excited to announce the Board’s decision to transition to a sole ASX listing(2), which I believe will deliver tremendous shareholder value going forward,” Wilson shared.
“I have confidence in our strategy as we continue to execute to our long-term blueprint, which will continue to drive quality of earnings and sustainable value both operationally and financially.”
Featured Image: Credit to Light & Wonder on LinkedIn
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DraftKings has just announced its statistics for the second quarter, with its revenue seeing a massive 37% growth.
For the three months ended June 30, 2025, the American gambling company has seen revenue of $1,513 million, which represents an increase of $408 million, or 37%, compared to $1,104 million during the same period in 2024.
The major increase is said to have been driven primarily by ‘continued healthy customer engagement, efficient acquisition of new customers, higher structural Sportsbook hold percentage, and sportsbook-friendly outcomes.’
These figures of $1,513 million in revenue, $158 million in net income, and an adjusted EBITDA of $301 million set new records for the company.
DraftKings second quarter hits new heights for the company
“We set records for revenue, net income and Adjusted EBITDA in the second quarter, driven by an acceleration in revenue growth to 37% year-over-year,” said Jason Robins, DraftKings’ Chief Executive Officer and co-founder.
“We are pleased to be maintaining our fiscal year 2025 guidance, with revenue expected to be closer to the high end of our range, highlighting the strength of our platform as we prepare for an exciting new state launch.”
“We remain focused on investing in key growth initiatives across the organization to maximize shareholder returns over the long-term,” said Alan Ellingson, DraftKings’ Chief Financial Officer. “In addition to our investments, we repurchased 6.5 million shares through our stock repurchase program in the first two quarters of this year.”
Along with the positive figures, DraftKings also saw continued healthy growth in customer retention, acquisition, and engagement. The number of Monthly Unique Players (MUP) increased to 3.3 million in the second quarter, representing an increase of 6%.
The increase in unique players is said to be due to strong unique payer retention and acquisition across DraftKings’ Sportsbook and iGaming product offerings, and the impact of the acquisition of Jackpocket, which has been embroiled in a scandal related to the Texas lottery.
When the statistics exclude the impact of the acquisition of Jackpocket, the MUPs increased by 5% compared to what was seen in the second quarter of 2024.
Featured Image: Credit to World Poker Tour on Flickr, Attribution-NoDerivs 2.0 Generic license
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MIXI Australia Pty Ltd (MIXI) has received the green light from the nation’s regulators to take over PointsBet.
This marks a possible end to the months-long saga that was fiercely contested between MIXI and rival Betr Entertainment (Betr). The former has now come out on top, revealing that they have gained the approval of the Foreign Investment Review Board (FIRB) of Australia to move on PointsBet’s shares.
MIXI secures green light for PointsBet
As we reported, there has been a lengthy tale in the acquisition of PointsBet, with those in the race taking top spot several times. In early 2025, Betr seemed to have the upper hand in the share talks. Still, MIXI became the board of directors’ favourite shortly after PontsBet questioned the valuation of the other gambling operator’s offer.
Both parties are already existing minority shareholders in PointsBet, with Betr holding around 19.6%, compared to MIXI’s 9.15%.
However, MIXI’s initial offer had a lower shareholder acceptance threshold and led to the company, in the form of a pre-agreement, securing 17.18% of shares. These were agreed from holdings of directors and pre-bid agreements from institutional holders.
Betr makes improved offer
This turned the tide in favour of MIXI over Betr, which forced the now out-of-favour company to increase its takeover offer. Betr revealed that its offer would equate to $1.35 per share, as it released a statement discussing the offer in a last gasp attempt to sway stakeholders to change their minds.
“The improved offer is superior to MIXI’s offer of $1.20 cash per PointsBet Share,” said Betr in the financial statement. “Betr continues to firmly believe in the combination rationale and that we can create material value for PointsBet and Betr shareholders by integrating these two businesses, allowing us to profitably grow our share of the Australian wagering market.”
FIRB backs MIXI
MIXI has now revealed that the (FIRB) approval green-lights the company’s PointsBet shares takeover.
“MIXI Australia has today been notified by the Foreign Investment Review Board (FIRB) that the Commonwealth has no objection to the proposed acquisition by MIXI Australia of up to a 100% interest in PointsBet by way of an off-market takeover bid and other related methods as permitted under the Corporations Act 2001 (Cth) (Corporations Act),” read the company statement.
So the saga has come to an end, and now MIXI, failing any objections by PointsBet, will get the keys to the company’s betting kingdom.
Featured Image: MIXI official. 
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