Details of regulatory violations and penalties Unibet, a prominent entity in the Australian online betting sector, has been fined $1 million by the New South Wales (NSW) Independent Liquor and Gaming Authority. This fine was levied after an extensive investigation revealed that the operator, a part of the Kindred Group, violated local gambling advertising regulations by providing illegal inducements to gamble.

Infringement of spam regulations and exploitation of at-risk users PointsBet is facing backlash after the Australian Communications and Media Authority (ACMA) determined that the betting company violated the Spam Act 2003. The organization was found to have dispatched more than 650,000 promotional communications to customers without proper consent.

Reactions from investors and the industry When Escalante erupted in front of shareholders last Friday, the atmosphere transitioned from focused analysis to shocked silence. Insiders who attended the private meeting reported that the billionaire behind VGW—the Australian-based virtual gaming powerhouse—launched into a furious outburst filled with obscenities after being pressed about the company’s recent changes in revenue strategy and falling player engagement metrics.