IN THE NEWS…
A proposed multi-billion-dollar takeover of Caesars Entertainment, asset investigations into former pub baron Jon Adgemis’ Byron Bay interests, and an ACMA ruling against SBS over gambling advertising have made headlines this week.
- Asset Hunt Widens in Pub Baron’s Collapse
Liquidators chasing funds from the failed pub empire of Jon Adgemis are now examining his past Byron Bay property dealings, including a 25 per cent stake sold for just $1. The move is part of a broader asset-tracing exercise ahead of Adgemis’ public examination in August, as creditors seek recovery from the collapse of a hospitality group that once spanned more than 20 venues.
Read more >>> Liquidators examine Adgemis’ Byron Bay property interests – The Greek Herald
- SBS breaches gambling advertising rules
ACMA, Australia’s media regulator, has found SBS breached gambling advertising rules during its live July 2025 broadcast of the Tour de France after airing a Crown Resorts ad at a prohibited time. The regulator ruled the ad’s “premier casino resort” tagline promoted gambling activity beyond dining and entertainment, meaning it did not qualify for an exemption, although two other Crown ads shown during the event were cleared as compliant.
Read more >>> SBS breaches gambling advertising rules | ACMA
- Caesars Entertainment in Las Vegas sells for US$6 billion
Billionaire casino and hospitality operator Tilman Fertitta is moving to acquire Caesars Entertainment in a deal valued at about US$17.6 billion, including US$5.7 billion in cash and nearly US$12 billion in debt. If approved, the merger would create one of the world’s largest gaming empires, combining 60 casino resorts, extensive online and sports betting operations, and more than 600 hospitality venues. The takeover reflects growing confidence in Las Vegas’ recovery and would significantly expand Fertitta’s already vast gaming and hospitality footprint.
Read more >>> Caesars Entertainment sold for US$6 billion
