Australian Investment Blog

The gaming industry has encountered some significant headwinds over recent weeks, five of which are noted below:

Rumours are out that Racing Victoria is considering possible race field hikes.

Premier Mike Baird refuses extra $10 million funding for Sydney thoroughbred racing carnival The Championships.

Victorian councils are introducing their own planning laws in an attempt to stop the spread of poker machines into poorer communities.

Jim Chanos, one of the largest short-sellers in the world who controls a $4 billion fund, is now warning that a government crackdown on corruption will hurt Asian gaming stocks that have benefited as Macau casinos have been used to pay bribes to corrupt officials and circumvent capital controls.