Eunice Kennion




Sacks said the US government will have a strategy to maximise the value of its holdings in such a reserve, but he didn't offer details as to how. As noted, White House-appointed 'AI and Crypto Czar' David Sacks revealed on X (formerly Twitter) that Trump signed an executive order to establish a "strategic Bitcoin". A full-blown trade war could also impact the direction of local interest rates and the Aussie casino RTP rates 2026 dollar — which has already faced much volatility. According to the corporate watchdog ASIC the entity was registered on March 3 this year, Swedish players foreign licensed gambling sites comparison and lists Melbourne businessmen Nicholas Dobromilsky and Graeme Wilson as its directors. The dairy giant did not name those involved in the new entity but said it was being led by "two experienced Australian businessmen with supply chain and manufacturing expertise".
He's also spent the past few months talking up a government strategic reserve that would hold bitcoin, ethereum as well as some other coins. "Market pricing now matches our forecast of two more rate cuts, taking the cash rate down to around 3.6 per cent by year-end," Mr Robertson said in an economic note released on Friday. And it knocks about investor confidence, which could see a more rocky sharemarket and a hit to your super savings. Costco Wholesale would consider making changes to its international supply chain if tariffs from US President Donald Trump lead to big price hikes, chief executive Ron Vachris said on a conference call. The Reserve Bank's credit card statistics showed credit card debt accruing interest rose by $172 million (up 1 per cent) in January. National credit card debt hit $18 billion in January 2025 — the highest level of debt accruing interest since August 2021. We will keep an eye out for any reports and report them for you over the coming weeks and months.
Star was expected to run out of cash this week but managed to pay its 8000 staff in recent days. The New South Wales Independent casino payment security Commission (NICC) found that the casino operator had not done enough to address "governance and cultural concerns" raised in a 2022 inquiry that found it unfit to hold a licence. A Queensland inquiry found The Star actively encouraged people banned from gaming in Victoria and NSW to gamble at its casinos in the Sunshine State.
The published report states that it made a loss before interest, tax, depreciation and amortisation costs of $27 million for the quarter to June 30, on revenue of $270 million. Star said Destination Brisbane Consortium (DBC), in which it continues to hold a 50 per cent equity stake, has a debt exposure of $1.4 billion. It now also remains exposed to $200 million of future equity contributions to DBC due to massive cost overruns at the $3.6 billion resort.
Membership fees for the quarter hit $US1.19 billion, up from $US1.11 billion in the second quarter of 2024, with the company reporting 78.4 million paid memberships and 140.6 million total cardholders. The retail giant's second-quarter revenue increased to $US63.72 billion, from $US58.44 billion during the same quarter in fiscal 2024. "The tariffs are very fluid right now. So it's hard to really give any predictions on what we can do, but we are prepared, our people are very well equipped to lower prices and defer any cost increase that come our way." "Sometimes the margins are much tighter in those categories, but they [buyers] are prepared to work closely with the suppliers and see how efficient we can bring goods to market - is there anything we can mitigate in those categories. The Insurance Council also often puts out detailed reports on the economic impacts of natural disasters.
The Australian Financial Review can reveal Bally’s Corporation, which has 19 casinos across 11 American states, sent representatives to Australia to meet Star and visit its casinos last week, and has also met key Star shareholders and lenders. Founded in 1993 by brothers Tom and David Gardner, The Motley Fool helps millions of people attain financial freedom through our website, podcasts, books, newspaper column, radio show and premium investing services. The Motley Fool launched its Australian presence in 2011, and since then has grown to reach over 1 million Australians. A trading update from executive chair Jack Cowin has raised investors' confidence. The parent company's guarantee of Star Entertainment's 50% share of the DBC debt facility remains in place.
Star Entertainment has managed to avoid financial collapse for now after signing a deal to sell its stake in Brisbane’s Queen’s Wharf paris casino jeux de dés to its two equity partners along with other assets. Star Entertainment halted trading of its shares on Friday after a state-level winspirit casino registration regulator issued a damning report accusing the group of failing to clean up a culture of money laundering and fraud. Australia’s largest publicly traded casino operator has been temporarily suspended from the country’s stock exchange after failing to lodge its annual financial results. Star chief executive Steve McCann has been negotiating to lock in a different package which would leave the company’s Queen’s Wharf complex in Brisbane with two Hong Kong investors. That deal is backed by alternative asset manager Salter Brothers and includes a $750 million refinancing.
E-Commerce Resources has a market capitalisation of $560 million, which puts the value of Wang’s stake at around $280 million. His private company, Winsway Resources, is registered in the British Virgin Islands. Rather than an attempted rescue, it looks like a $35 million punt from a guy from Macau who probably doesn’t have any inside running on whether this WinSpirit casino anti‑money laundering group will survive. The sovereign wealth fund has warned of a disconnect between executive pay and the performance of many ASX companies.
In a further sign of its precarious financial situation, the company’s Monday update also reiterated that the company’s directors continued to seek external advice on application of "safe harbour" provisions of the Corporations Act. This is part of the law aimed at helping directors turn around a distressed company without being personally liable for debts incurred by an insolvent company, provided they meet certain conditions. "While discussions continue with respect to a range of different solutions, there is no certainty that any of these negotiations will result in one or more definitive arrangements that might materially increase the Group’s liquidity position.
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