Slot machines account for an enormous chunk of most casinos’ income, and that turned obvious over the weekend after an Australian gaming firm was pressured to close down all of its slot machines and digital desk video games.
Star Entertainment, which operates casinos in Sydney, Brisbane, and the Gold Coast, was nonetheless left with out slot operations this week after a glitch turned up within the firm’s methods as a part of an improve. The pc improve was in preparation to make cashless gaming attainable on the properties, which revealed system efficiency points.
“The decision was taken by The Star to ensure compliance with relevant regulations and to maintain the company’s commitment to safer gambling procedures,” the corporate learn in an announcement. “The Star is working carefully with its exterior supplier Konami to deal with the operational points as quickly as attainable and can present an replace as soon as operations return to regular.
“Treasury Brisbane, The Star Gold Coast and The Star Sydney remain open with table games, restaurants, bars, and entertainment available.”
The firm hasn’t provided an replace since Saturday and there’s no timeline on when the corporate’s slot operations is perhaps again on-line. The shutdown is predicted to have a serious impression on firm revenues and Star’s inventory value initially fell about 2.5% on information of the shutdowns, dropping the corporate’s market capitalization by $40 million.
The firm hasn’t been a goal of hacking like that encountered by MGM Resorts within the U.S. final 12 months. That situation left the corporate’s pc methods shut down for a number of months and price the corporate an estimated $100 million.
Star has confronted different struggles in current months together with an investigation by gaming regulators into The Star Casino in Sydney. The New South Wales Independent Casino Commission (NICC) has been investigating the property after a earlier report on the property in September 2022 alleged that the on line casino had “serious governance, risk management, and cultural failures.”
