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Jumbo announces CFO transition

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Jumbo Interactive Limited announced that David Todd, the Company’s Chief Financial Officer (CFO) has advised the Board of his intention to resign due to unforeseen personal health reasons. David has been CFO of Jumbo for 16 years and will continue in the CFO role until a suitable replacement is appointed.

A comprehensive recruitment process is currently underway and will consider both internal and external candidates with the Board expecting to be in a position to announce the new CFO in the second quarter of FY24. Following the commencement of a new CFO, David will remain employed by Jumbo in an advisory capacity for as long as required to ensure a smooth transition to the new CFO.

Jumbo CEO and Founder Mike Veverka said “David has made an enormous contribution to Jumbo’s success over the past 16 years. He has played an integral role not only as CFO, but also as a valued member of the KMP, and the Jumbo family. His invaluable insights, incomparable work ethic, and unwavering commitment to the team are an inspiration to all of us. The Board, management team and all our people within Australia, Canada and the UK wish him and his family the very best for the future.”

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“Dave continues to be supported by a high performing and experienced team, with key members of the finance leadership team having been in their roles for over 15 years. In true Dave-fashion, he has agreed to assist us to make sure the transition to the new CFO is as seamless as possible.”

 

Jumbo will deliver its full year 2023 result on 25 August 2023.

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Australia

Hospitality and Racing leaders visit Tamworth to listen and learn

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The NSW Government’s Vibrancy Reforms will be top of the agenda when the Hospitality and Racing Regulatory Roadshow program visits Tamworth on Tuesday 21 May.

Senior executives from Hospitality and Racing will meet with businesses, industry groups and community and Aboriginal representatives to discuss the Government’s liquor and gaming reforms and regulatory priorities.

The event will also include a presentation by the Office of the 24-Hour Economy Commissioner on the Government’s Vibrancy Reforms to cut red tape in areas such as noise regulation and boost live music and other entertainment options.

Hospitality and Racing Deputy Secretary Tarek Barakat said the roadshow would provide a great opportunity to engage in genuine dialogue with local industry leaders.

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“We’re looking forward to catching up with Tamworth’s liquor, gaming and racing stakeholders to discuss how we can work together to support safe and vibrant hospitality experiences,” Mr Barakat said.

“Tamworth is famous for its annual country music festival, but it also has a thriving live music scene throughout the year.

“This has been expanded even further, as seven Tamworth venues have now taken up the NSW Government’s Vibrancy Reform initiative, providing two hours extended trading in return for hosting live music.”

Mr Barakat said the roadshow was also a valuable opportunity for Hospitality and Racing leaders to gain feedback and suggestions on how they could better support the unique needs of north-west NSW communities.

“Those living and working in their communities are best placed to advise us on what is needed and how we can all work better together to achieve outcomes,” he said.

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“This is especially true for the local Aboriginal community, and I look forward to hearing from them in regard to the liquor and gaming reforms, as well as listening to any suggestions for future changes and initiatives.”

The post Hospitality and Racing leaders visit Tamworth to listen and learn appeared first on European Gaming Industry News.

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Australia

Nerida O’Loughlin Reappointed as ACMA Chair

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The Governor-General, His Excellency General the Honourable David Hurley AC DSC (Rtd), has accepted the Albanese Government’s recommendation that Ms Nerida O’Loughlin PSM be reappointed as Chair of the Australian Communications and Media Authority (ACMA).

Ms O’Loughlin has been reappointed for a three-year term, commencing on 14 October 2024, having first been appointed in 2017 and reappointed in 2022.

The Chair has extensive executive and regulatory experience, and is well respected across the sector. Her reappointment provides continuity as the ACMA works to deliver important outcomes for consumers and industry in the communications and media sectors, and implement reforms being undertaken by Government.

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In her current term, Ms O’Loughlin has led the ACMA’s work to strengthen telecommunications consumer safeguards, particularly for vulnerable Australians, overseen the establishment of BetStop – the National Self-Exclusion Register and Australia’s first SMS ID Registry – and taken strong enforcement of anti-scam and illegal gambling rules.

Ms O’Loughlin has also led important work on media diversity, misinformation and disinformation on digital platforms, and supported improved digital connectivity through the allocation of valuable radiocommunications spectrum.

Quotes attributable to Minister for Communications, the Hon Michelle Rowland MP:

“I congratulate Ms Nerida O’Loughlin PSM on her reappointment as Chair of the Australian Communications and Media Authority.

“Since her appointment in 2017, Ms O’Loughlin has led the ACMA to deliver important reforms and regulatory activities in the communications and media industries.

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“This includes better supporting consumers facing financial hardship pressures in paying their telecommunications bills, mitigating consumer harms in gambling advertising, enforcing anti-scam rules and taking enforcement action against corporations for non-compliance with Australia’s spam unsubscribe rules.

“The Chair’s continuity will provide the Authority ongoing certainty as the Albanese Government continues its important media and digital platforms reform agenda.

“I look forward to continue working with Ms O’Loughlin as the ACMA Chair.”

The post Nerida O’Loughlin Reappointed as ACMA Chair appeared first on European Gaming Industry News.

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Crown Reinstated at Sydney Casino

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The NSW Independent Casino Commission has found Crown Sydney suitable to retain its casino licence after nearly three years of intensive remediation.

Chief Commissioner, Philip Crawford, said Crown has come a long way and must now demonstrate its long-term commitment to maintaining suitability.

“The NICC is confident the Crown we deemed suitable today has a strong model to keep operating into the future,” Mr Crawford said.

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The NICC’s suitability assessment established that Crown Sydney has fundamentally reformed its business and is operating the casino within the objects of the Act, the requirements of the suitability deed, and in compliance with its regulatory obligations.

In addition to proving it can run the casino lawfully, Crown has remediated its business in other meaningful ways such as building a culture of transparency and accountability across its integrated resort.

“Hard work and transformation aside, the NICC has not forgotten the level of misconduct exposed in 2021 when Crown was found unsuitable,” said Mr Crawford.

“Crown Sydney has ongoing work to reach steady state and it must continue to lift standards and maintain its cultural transformation.

“There is and will always be room for improvement, but Crown is a changed business that is looking toward the future.

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“Likewise, the NICC is a changed regulator with enhanced powers, a singular focus on casinos, and a mandate to address the risks of harm.

“This decision is a positive outcome for Crown Sydney, its staff, and the community – who can be sure the NICC will use all of its powers to keep the casino in check.”

In addition to the implementation of hundreds of new internal controls, the Bergin-based reforms have been reflected in a new licence and new regulatory agreement between Crown Sydney, the NSW Government and the NICC.

These agreements include updated settings, such as the removal of fetters to the NICC’s powers, as well as previous compensation trigger clauses that are no longer part of the casino legislation.

Mr Crawford said: “Crown cannot disregard the responsibility and privilege that comes with holding a casino licence. Crown Sydney’s ability to provide a destination hospitality and entertainment venue underpinned by the restricted gaming facility is contingent on its steadfast commitment to continuing suitability, accountability and compliance.”

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The post Crown Reinstated at Sydney Casino appeared first on European Gaming Industry News.

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