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Markets, Cryptos and Culture

FinTech, Big Tech, Big Biz

May 12, 2026

Sydney, Australia to Wall Street, New York

Digital Bush Telegraph

Australia Continues To Ring Bells

Markets

ASX 200 futures up 13 points/0.2%: 8746

AUD +0.04% to US72.49¢

Bitcoin $81,075.09 +0.45

Wall St:
Dow +0.2%
S&P +0.2%
Nasdaq +0.1%

VIX +1.19 to 18.38
Gold +0.4% to $US4736.17 an ounce
Brent oil +3.1% to $US104.38 a barrel
Iron ore +1% to $US111.55 a ton

10-year yield:
US 4.41%
Australia 4.99%

News

May 12

Numbers Double Check

Australian Dollar: $0.7246 USD (up $0.0024 USD)
Iron Ore: $111.55 USD (up $1.35 USD)
Oil Price): $98.46 USD (up $3.04 USD)
Gold Price: $4,735.59 USD (up $19.99 USD)
Copper: $6.4885 USD (up $0.1920 USD)
Dow Jones: 49,704.47 (up 95.31 points)

News

The Lead Up

TKO Neg With Talent/Wrestling With Numbers And Contracts; If The New Price Is Right Mr Wrestling and Ms Wrestling

UFC MMA and U.S Admin Mix It Up With Fighters Visiting White House; Patriots Well Received In And Around Oval Office; Present Trump Gets Welcome Image Revamp Of Sorts;

Keeping The Wars In The Octagon! Red Turns To Green And Gold!

Pop Culture Ref: "The Wall Street Shuffle" (10 cc)

LinkedIn b2b Business Continues To Lift For Media Man Group and Associates

Media And Broadcasting Legend Ted Turner Dies (May 6); 100s Of Tributes Globally; Media, Entertainment And Sports Business World Pays Tribute; Turner Company Helped 1000s Globally In Career And Business

News (ICYMI)

Alphabet/Google Cracks TIME 100 Cover; Positive Buzz

Beast Industries aka MrBeast TIME Top 100 Influencer;

Post Buzz Continues For TIME Media Darlings

TKO/WWE In And Out Of The Ring Continues; Up and Down Cycle; TKO's Nick Khan Continues To Offer Positive Vibes To US Admin Re Ali Act Amendment; Road To WWE Clash In Italy and WWE SNME

TKO's LinkedIn Continues To Enjoy Strong News Media Buzz; Google LinkedIn Numbers Up; Rio Tinto (Mining) Strong LinkedIn Media Vibes And Buzz

WWE's Danhausen Offers Mega Exposure To Rootless Coffee And WWE Merch; Number 3 Best Seller Of WWE Merch With Human Monies; Danhausen ESPN News! Very Nice!

Media Man LinkedIn and X Up; TKO News Flashbacks
Road To WWE Clash In Italy and WWE SNME

Google/Alphabet Earnings Ultra Bullish

May 12, 2026

(Sydney, Australia To Wall Street, New York)

Markets

Coffee 282.30 +7.50

Cocoa 4709.00 +527

Sillicon 8935 -40

Silver 86.327 +0.316

News

May 12

ASX ends lower after CSL's $9b wipeout

The Australian sharemarket lost ground on Monday, amid fading hopes of a permanent ceasefire in the Middle East; the S&P/ASX 200 shed 0.5 per cent to close at 8,701.8 points. CSL was down 16 per cent at $100.75 and the ANZ Bank fell 2.5 per cent to end the session at $35.88. However, Woodside Energy rose 1.5 per cent to $30.51, Inghams was up 7.4 per cent at $1.82 and Dyno Nobel finished 6.6 per cent higher at $3.54. (RMS)

News

Beer killer? Rise of the vodka RTD

Gold Coast-based drinks maker Hard Fizz emerged at around the time of the pandemic, while the ready-to-drink canned beverage market boomed after the pandemic. Hard Fizz originally focused on alcoholic seltzer drinks, but it is now switching to vodka-based canned drinks, with CEO Wade Tiller saying the change is because you are more limited with flavour when you use seltzer. Hard Fizz's seltzer sales have slumped over the past year, at a time when there is a broader consumer shift to RTDs, while vodka-based light RTDs account for 75 per cent of Australian RTD sales. (RMS)

News

oOh!media rejects $770m offer, triggers bidding war

The board of listed outdoor advertising group oOh!media has advised that it is open to further takeover approaches after spurning two suitors. The company has indicated that it assessed both offers and deemed that neither reflected its intrinsic value. US-based private equity firm I Squared Capital had offered $1.45 per share, valuing its bid at $770m; it had trumped a previous offer from Pacific Equity Partners of $1.40 per share. Brian Han from Morningstar says the rejection of both offers means that oOh!media's directors have effectively put up a 'for auction' sign. (RMS)

News Mwsi

Truescope's co-founder and CEO John Croll contends that Australian companies are not getting much value from traditional media monitoring firms. He says they s are paying large sums of money each year for monthly media intelligence reports that are based on daily press clippings, and are therefore usually out of date before the client receives them; he adds that the analysis in these reports is often outsourced to low-cost workers offshore. In contast, Truescope processes content within minutes of publication and performs sentiment analysis at sentence level rather than story level; it also uses artificial intelligence to produce an executive summary. Croll was previously the CEO of iSentia.

News

AI News

The hidden expenses in banking's AI rollout

Tokens have been described as the hidden cost of using artificial intelligence, with tokens being a basic unit that measures how much data is being processed through autonomous AI models such as Anthropic's Claude. Westpac's CEO Anthony Miller told a recent investment banking conference that the bank was still in the process of working out how to disclose token use and productivity, with the cost of tokens depending on the model used. Noel Williams from PwC says the cost of tokens is definitely something that the big banks need to take into consideration, while Goldman Sachs analysts claimed recently that token consumption would increase 22-fold by 2030 and 55-fold by 2040. (RMS)

News

AI/Aviation (Aust)

Union demands Qantas AI talks

The Australian Services Union has asked for a meeting with Qantas CEO Vanessa Hudson, following comments by her at a recent conference that suggest she intends to accelerate the airline's adoption of artificial intelligence. With the ASU representing clerical and call centre staff at Qantas, assistant national secretary Scott Cohen said attempts to enshrine protections into work agreements for staff around the implementation of AI had not been agreed to by Qantas, making Hudson's comments all the more concerning; he says he hopes that the ASU can work with Qantas to find ways by which AI can improve customer service and perhaps even lead to more human interaction. (RMS)

AI News

'Red tape is killing Australia's AI dream'

Data centre company Iren was called Iris Energy and operated as a bitcoin miner when it tried to list on the ASX in 2021, but the ASX knocked it back. That proved a blessing in disguise, as Iren instead floated on the tech-heavy Nasdaq exchange in the US, with co-founder Dan Roberts noting that on Friday it traded $US10bn in just that one session, which he says is more than the ASX's on-market dail turnover of $7.5bn. Roberts contends its rejection by the ASX was sign of Australia's unwillingness to " back next-generation technology at scale", while Iren has signed a $4.7bn deal with Nvidia to house its processing chips in Iren data centres.

News

Australia

China hit with punitive 82pc steel tariff

The federal government has imposed tariffs of between 38 per cent and 82 per cent on hot-rolled coil steel products that are imported from China. Industry Minister Tim Ayres approved the new tariffs on Monday, with temporary levies of up 117 per cent having been in place since late 2025 while the Anti-Dumping Commission completed its investigation into claims that China was exporting steel products to Australia at heavily discounted prices. A spokesman for Ayres says that all trade remedies are fully consistent with Australia's obligations under its trade agreements, and the nation's anti-dumping regime does not target any country in particular.

News

(ICYMI)

Politics/MMA/UFC

Trump Hosts UFC Stars in Oval Office for White House Fight Event

Trump welcomed lightweight champ Ilia Topuria, challenger Justin Gaethje, light heavyweight titleholder Alex Pereira, and heavyweight Ciryl Gane to preview UFC Freedom 250 on June 14. The free event on the South Lawn features a 4,500-seat arena for Topuria vs. Gaethje and Pereira vs. Gane, tying into America's 250th anniversary and Trump's 80th birthday, with overflow crowds on giant screens nearby. Banter flew in the meeting—Trump joked about Pereira's powerful hand, while Topuria teased him lightly—building hype for this historic first pro sports event on White House grounds. (Media Man Peg-On): Win-Win-Win. Even if you lose on whe White House, you also win at the game and biz of MMA! Much respect to all.

News Lead Up

60 + Hours Ago

Cryptos

Altcoins are surging amid a steady rise in BTC price

Market Overview

The crypto market capitalisation has risen by 0.75% over the past 24 hours, reaching $2.69 trillion. The top three performers are Zcash (+29%), Toncoin (+23%) and Filecoin (+16%). The underperformers are Ethereum (-0.4%), Algorand (-0.5%) and Basic Attention Token (-4.6%).

Bitcoin is approaching $81.5K, continuing its movement within an upward channel and hitting new highs since February. This positive momentum can easily be linked to the continued rise in stock indices, which is boosting risk appetite and bringing a more significant technical battle into view. The leading cryptocurrency is approaching its 200-day moving average (currently at $83.3K); a firm consolidation above this level would be a further sign of bullish dominance. We saw the first such sign – consolidation above the 50-day moving average – exactly one month ago. It is quite likely that, as Bitcoin approaches $83K, a short-term profit-taking phase awaits, allowing some of the gains to be taken.

The performance of altcoins clearly shows how BTC’s steady growth is encouraging increased risk-taking. First Toncoin, and today Zcash, have gained nearly 30% over the past 24 hours. The latter has been rising every day since 3 April, gaining 80% during this period; it was one of the first major cryptocurrencies to climb out of the slump at the end of January and reach highs last seen in November of last year. The key pivot zone in 2018 and 2025, near $800, looks well within reach in the coming days.

News Background

The total USDT market capitalisation has increased by $5.9 billion over the last 60 days, whereas prior to March, the market was losing around $2 billion monthly, notes analyst Darkfost. The inflow of capital into the crypto market is boosting asset values.

Morgan Stanley suggests that US banks may be able to hold Bitcoin on their balance sheets in the future, despite current regulatory barriers. The bank recently launched a Bitcoin-based exchange-traded product (ETP). Later this year, Morgan Stanley will launch spot trading in cryptocurrency on its Wealth platform.

The international payment system Western Union has launched its own stablecoin, USDPT, on the Solana blockchain. Integration with SOL will allow the company to speed up settlements and move away from traditional interbank systems, which are prone to delays.

BitMine has increased its Ethereum reserves to $13 billion, purchasing over 100,000 ETH for the third week in a row. The company’s reserves have reached 5,180,131 ETH, or 4.29% of the Ethereum supply.

Toncoin (TON) jumped by 45% amid fee reductions and the reorganisation of TON. Pavel Durov announced that Telegram would take over management of the TON crypto project from the current operator, the TON Foundation. The entrepreneur promised to reduce fees on the TON network sixfold and turn the eponymous token into a mass-market product.

News

Advertising expectations and experience: Australians have their say about AI

The second wave of Ad Standards' Community Sentiment Tracker, which was conducted by Roy Morgan, has found that 72% of Australians are concerned about the use of AI-generated content in advertising, particularly its potential to mislead or deceive people with unrealistic or fake content. Around half are also worried that the use of AI could reduce authenticity and creativity in advertising and promote unrealistic body or beauty standards. Australians believe AI-generated content is already widely used in advertising, with more than half saying that it is used very often (21%) or often (37%). Despite this, confidence in recognising AI-generated content remains low, with one in five Australians saying they are not at all confident they could identify when AI-generated content has been used in an ad. Some 64% of Australians believe it should always be necessary to disclose when advertising contains AI-generated content. The Ad Standards-Roy Morgan Community Sentiment Tracker Survey was conducted online with a cross-section of 1,000 Australians aged 18+ between 19 February and 2 March 2026. (Roy Morgan)

News

Sports/Media/Broadasting

Seven boss flags interest in NRL

Southern Cross Media Group's CEO Rohan Lund has indicated that the Seven Network owner could potentially bid for the NRL's broadcasting rights. Lund says media companies like Seven have an important role in helping audiences and partners to connect with their sports teams. He adds that Seven could be interested in the annual State of Origin series in particular. The Nine Network's current free-to-air rights deal for the NRL expires next year, and the NRL aims to finalise its next deal by the end of July. (RMS)

News

Pop Culture/Wrestling/WWE/NXT

Shawn Michaels Announces Loaded NXT Card for Next Week

Next Tuesday at 8 p.m. ET on The CW from Orlando's WWE Performance Center, NXT Women's North American Champion Tatum Paxley teams with newcomer Lizzy Rain against Zaria and Nikkita Lyons, fresh off last week's wild brawl. A win in the Kendall Grey vs. Kelani Jordan match earns a title shot, while Japanese star Naraku debuts in the ring and indie signee Sean Legacy joins a six-man tag. Noam Dar returns from injury for a one-on-one with Jackson Drake, as Michaels spotlights rising talents in a buzzing women's reset. (Media Man Peg-On): For Australians enjoy the show on Tuesday morning (Australia) via Netflix! Highlights will appear on YouTube the same day!

News

Shares

TKO Group Holdings Inc
$184.50
-2.29 -1.23%

Alphabet Inc Class A
$388.64
-12.07 -3.01%

NVIDIA Corp
$219.44
+4.22 +1.96%

Meta Platforms Inc
$598.86
-10.77 -1.77%

Netflix Inc
$85.45
-2.03 -2.32%

News

(ICYMI)

MGM Vegas

Heyman Hustle/Paul Heyman - Live At MGM

News

Heyman’s involvement ties into his Looking4Larry Agency’s creative work and a broader MGM Studios partnershipMGM Live is the new entertainment/content brand for MGM Resorts International’s Las Vegas properties. It launched on Instagram with a debut reel featuring Paul Heyman and UFC President Dana White together at an EZ Baccarat table at the Live at Park MGM venue on the Las Vegas.

This marks a notable crossover, as UFC and WWE are both under TKO Group Holdings. Park MGM has hosted WWE events (like the 2026 Hall of Fame) and UFC PPVs.

Heyman shot disruptive/late-night content there during WrestleMania week, including:His TikTok debut from Park MGM (talking about Brock Lesnar, WrestleMania, etc.).

"Heyman on Heyman" interview with his son Jacob for HeymanHustleTV. Multiple Instagram/TikTok reels embracing his "King of New York (and everywhere else)" persona while promoting MGM.

News

Pop Culture/WWE

Danhausen Reopens Cameo for Sports Curses and Uncurses

The Metro Detroit wrestler, now with WWE, offers personalized videos for around $125 to curse or uncursed sports teams, just as NBA playoffs heat up. A Knicks fan's uncursing video preceded their 140-89 Game 6 blowout over the Hawks, sparking requests from Chiefs, Nets, Panthers, Cavs, Bears, Arsenal, Ferrari, and Jets fans. His 'very nice, very evil' persona has fans half-jokingly linking his hexes to real results, with Cameo now swamped and unavailable. (Media Man Peg-On: You are not cursed, and you are on Media Man!

News

Big Tech

(ICYMI)

Alphabet, Microsoft, Amazon, and Meta Platforms Report Q1 2026 Earnings Beating Expectations

Alphabet reported Q1 2026 revenue of $109.9 billion and EPS of $5.11, surpassing estimates, with Google Cloud revenue up 63% to $20 billion.

Microsoft reported fiscal Q3 2026 revenue of $82.89 billion and EPS of $4.27, beating expectations, driven by 39-40% Azure growth.

Amazon reported Q1 2026 revenue of $181.5 billion and EPS of $2.78 exceeding forecasts, with AWS up 28%, while Meta reported Q1 2026 revenue of $56.3 billion and EPS of $10.44 above estimates.

News

60 Hours Ago

Geopolitics has caused the dollar to retreat

The end of Operation Epic Fury is boosting risk appetite.

Japan is likely to continue punishing speculators. The US dollar has lost ground following statements from the White House regarding the conclusion of the two-month ‘Operation Epic Fury’ and progress in negotiations with Iran. Investors are interpreting this as a de-escalation in the Middle East and are selling Brent. At the same time, the dollar index is once again testing the lows of the past two months amid risk-on sentiment in key markets. Optimism could push EURUSD higher. Although its further trajectory will depend on the pace of the fall in oil prices. It will take time to repair the damaged energy infrastructure in the Persian Gulf. Therefore, it is believed that Brent and WTI will not return to the $65–70 levels seen before the conflict in the Middle East this year. This is a pro-inflationary factor. US services PMI indices are signalling the highest price pressure since 2022, while the futures market is ramping up expectations of Fed rate hikes. It will not be easy for Kevin Warsh to fulfil Donald Trump’s wishes for a significant easing of policy. For now, traders’ attention is entirely focused on the Middle East. The end of the conflict is driving the EURUSD up to 1.1760, and this rise will gain momentum with further signs of de-escalation.

Conversely, another breakdown in negotiations and a deadlock in US-Iran relations will force the major currency pair to take a step back. And this is not merely a matter of caution, as alongside their conciliatory rhetoric, the US is building up its military presence in the Persian Gulf. The sharp collapse in USDJPY on Wednesday suggests that the government has once again intervened in the forex market. Japan needs to properly deter speculators from using dips in the US dollar to buy it. Rumours of a de-escalation in geopolitical tensions have catalysed a rally of more than 3% in gold, pushing it above $4,700. The fall in oil prices reduces the risk of high inflation becoming entrenched and removes the need for central banks to tighten policy. As a result, the precious metal may see a return to the debasement trade. (FxPro)

News Lead Up

72 Hours Ago

Bitcoin has begun hunting down short sellers

Market Overview

The crypto market capitalisation has continued to hit new highs since early February, reaching $2.67 trillion. This time, the movement was not uniform, consisting of individual surges led by Toncoin (+29%), followed by Algorand (+4.5%) and Basic Attention Token (+4%). The underperformers include Dash (-5.5%), Aptos (-2.1%) and VeChain (-1.6%).

The sentiment index has reached 50, the midpoint of the indicator’s range, where it last stood on 17 January. The market is approaching a significant turning point. Since last October, there have been only brief surges in sentiment to higher levels, but these have provided excellent opportunities for bears to sell at higher prices.

Although Bitcoin faced some pressure midday on Monday, it overcame it on Tuesday, reaching $81K and gaining 1.3% for the day, though, by and large, it covered this ground in just the last 4 hours. We attribute this rally to short squeezes, as the rise occurred during the period of the most aggressive movements ahead of the start of active trading in Asia, when liquidity is at its lowest. Meanwhile, on the stock markets, there was only a slight pullback following the downward momentum. In any case, on the daily charts, Bitcoin is recording its sixth bullish candle, and the entire April uptrend now fits within a new upward channel, with the upper boundary currently at the 200-day moving average.

News Background

The Capriole investment fund has noted a sharp rise in demand for Bitcoin from major players. Institutional investors are buying up more than 500% of the daily mining output of the leading cryptocurrency every day. Historically, such a supply shortage has led to a 24% rise in BTC over the following month.

Bitcoin appears poised for an upward surge. A break above $80K opens up the possibility of reaching $86K–$88K in the coming period, notes MN Trading founder Michael van de Poppe.

Following the latest adjustment, Bitcoin’s mining difficulty has fallen by 2.3% to 132.47 T. According to Glassnode, the network’s average hash rate, smoothed by a 7-day moving average, stands at around 955 EH/s.

Senators Tom Tillis and Angela Olsbrooks have reached a compromise regarding stablecoin yields in the CLARITY Act. This bill regulating the US crypto market may be considered by the Senate Banking Committee in the week following 11 May. (FxPro)

News

BHP's price deal puts minnows, rivals on alert

Rio Tinto's former CEO Sam Walsh believes that the iron ore pricing deal between BHP and China Mineral Resources Group will fail. Few details of the deal to end the long-running dispute between BHP and CMRG have emerged, although reports suggest that BHP has ceded more influence to China in setting iron ore prices; this could potentially lead to more ore being priced in Chinese currency. Geoff Raby, Australian ambassador to China, believes that the key outcome of the deal is BHP's acceptance that the benchmark price of iron ore should be set by China, rather than a price reporting agency based in the US or the UK. (ABIX)

Media Man Peg-On: BHP per ad "We've been called many things". Gonzo journalism in mining and rare earth news lives!

News

Pop Culture/Lucha Libre

AAA Announces New General Manager Reveal on May 23

On the April 25 episode of AAA on Fox, President Marisela Peña announced that Lucha Libre AAA Worldwide will get a new General Manager, with the live reveal set for May 23 in Mexico City. This follows her son Dorian Roldán's recent plea for the role, which she decided to open to other candidates after careful thought. Fans are speculating on names like Zelina Vega, Rey Mysterio, or even The Undertaker, amid AAA's growth since WWE's majority stake acquisition last April and its new Fox broadcasts blending lucha action with WWE polish. (Media Man Peg-On): Ariba. Triple A has massive influence from The Undertaker, and it's paying off as far as entertainment value for fans and in other creative and business ways from what we see and hear. Can see see Danhausen in Triple H also? Lucha Hausen!

News Lead

UFC - MMA Building Stars Again; SS King Of Division, Substance And Hype; Yan UFC Bonus

New York Kind Of Feeling

US Stocks - Black Friday aftermath

Road To WWE Clash In Italy and WWE SNME

WWE Management And Wrestlers Bullish; Wrestling and Boxing

Sports Biz Event Tickets And Merch Drive

Danhausen Lifts WWE Merch Hausen

News

Media Man Group Weekly Series

Pop Culture Dream Matches

New Blood vs New Day vs Old News

GCW Bloodspot vs The Others

MGM Wrestling vs Atlantic City

Bam Bam vs Father Time

UFC vs Outlaw Mud Shows

WBD Wrestling vs Own Goal

Mr Dingo Driver vs Naysayers

New School vs Old School

Paul Heyman and Son and MGM Gamification vs others!

PopWrecked vs Karen

Studio97 vs others: Catfight Rules!

Danhausen vs Easy E - Best of 2/3 Falls

x AI vs others!

T. Abbott (Aust) vs Wokes

Netflix vs Paramount Plus vs YouTube - 3 Way Dance! Special Ref: Easy E. Share The Love! Enough For The Big 3!

Ultra A.I vs Human Full Bloods

Ex Machina vs Cave Man

Rudos vs Technicos (Lucha Libre AAA Worldwide)

News

Best Quotes Of The Day

"An investment in ones self is always the best bet" Greg Tingle, Media Man Group

Media Man

Crypto, Fintech, Markets, News and Politics via Media Man

March 12/13, 2025

The crypto bounces back from extreme fear

Market picture

The cryptocurrency market bounced 2% in the last 24 hours to $2.67 trillion. So far, the situation looks like a small rebound after the collapse. We should not talk about the beginning of recovery as long as the market is below its 200-day moving average of $2.83 trillion.

Sentiment in the crypto market has shifted from dread to fear at 34. The indicator was last higher more than three weeks ago, indicating that now is a good time to buy. However, it's worth paying attention to the nervous stock market before considering investments in more volatile cryptocurrencies.

Bitcoin was climbing above $83,000 on Tuesday, hitting resistance in the form of the 200-day moving average. If a long-term trend line is repurposed as resistance, that's a worrisome bearish fact.

Ethereum ended Tuesday with growth and was trading near $1900 at the start of Wednesday, but this is a timid rebound within the steep peak the coin has been in since February 24th and the broader downtrend of the past three months.

News Background

CryptoQuant states a sharp drop in open interest in Bitcoin and Ethereum futures, suggesting a ‘leverage washout’ and a chance of market stabilisation. The Kobeissi Letter admits a wave of short position unwinding in risk assets after extreme fear levels are reached.

Clearstream, the post-trading arm of Deutsche Börse, will offer cryptocurrency settlement and custody services to institutional clients as early as next month, starting with Bitcoin and Ethereum. It then plans to add support for other cryptocurrencies and services for staking, lending and brokerage.

Glassnode notes that Solana fell below its realised price of $134 for the first time in three years. The metrics show the average cost for investors to purchase the coin.

According to Arkham Intelligence, on 11 March, bankrupt exchange Mt. Gox transferred 11,501 BTC (~$905 million) to an unknown address. Mt. Gox-related addresses hold a total of 35,915 BTC worth $2.89bn. (FxPro)

News

SEC vs Ripple Case: Negotiations Underway for Settlement

Recent developments indicate that the legal dispute between Ripple Labs and the U.S. Securities and Exchange Commission (SEC) could be nearing a conclusion. Reports suggest that Ripple's legal team is currently negotiating more favorable terms related to a $125 million fine and an injunction on XRP sales to institutional investors. The anticipation of a settlement has led to increased interest and speculation within the cryptocurrency community regarding the outcome and its potential impact on XRP. (Grok)

News

U.S. Plans Strategic Bitcoin Reserve Acquisition

Senator Cynthia Lummis has reintroduced the BITCOIN Act, which proposes that the United States government purchase one million Bitcoins over five years to create a strategic reserve. This legislative move reflects a growing acknowledgment of Bitcoin as a digital asset for national economic strategy, garnering support from both traditional financial sectors and cryptocurrency advocates. Alongside this, there is an ongoing debate about the implications, risks, and potential benefits of such a reserve. (Grok)

News

Trump's Crypto Banking Deregulation

President Donald Trump is reportedly planning to sign an executive order that would reverse regulations set by the Biden administration aimed at restricting banking activities for cryptocurrency firms. This move could impact how crypto companies interact with the Federal Reserve, potentially leading to greater integration of cryptocurrencies within the traditional financial system. (Grok)

News

Rumble's Strategic Bitcoin Acquisition

Rumble, a video platform and competitor to YouTube, has announced the purchase of 188 Bitcoins for approximately $17.1 million. This acquisition is part of Rumble's strategy to integrate Bitcoin into its treasury management, aiming to hedge against inflation and participate in the growing trend of corporate cryptocurrency adoption. The move reflects a broader acceptance of Bitcoin as a legitimate financial asset among companies. (Grok)

News

Trump Predicts Market Surge Amid Economic Indicators

President Trump has publicly stated his belief that the U.S. financial markets are poised for significant growth, making his comments at an event with business leaders. This optimistic forecast follows recent economic indicators showing inflation cooling to levels not seen in years, despite mixed responses from markets regarding Trump's economic policies including tariffs. (Grok)

News

Ethereum's Lowest BTC Ratio Since 2020 Triggers Liquidation Risk

The Ethereum Foundation faces potential liquidation of over $100 million in assets if Ethereum's price drops to $1,100, amidst a historic low in the ETH/BTC trading ratio not seen since May 2020. This financial maneuver is part of Ethereum's strategy to manage its treasury through decentralized finance (DeFi), highlighting both the risks and innovative approaches to crypto-asset management in a volatile market. (Grok)

News

Gold funds burst out of the blocks in 2025 as returns rocket

Australian gold funds are shaping up for a bumper year as mining companies start to capitalise on record prices, helping the stocks to finally catch up to the performance of the precious metal.

Portfolio managers were left frustrated last year after a jump in production costs held back ASX-listed gold producers from riding the rally in the spot prices to record levels. The VanEck Gold Miners exchange-traded fund climbed nearly 20 per cent in 2024 versus a 38 per cent rally for the gold price in Australian dollars.

But easing cost inflation that has plagued the mining sector for the last three years and an ongoing surge in prices has seen the trend reverse course. VanEck’s Gold Miners ETF is up 17 per cent already this year while the Aussie dollar spot price has climbed 6.3 per cent.

Local fund managers are bullish that gold has much further to run after the US dollar price climbed above $US2942 an ounce for the first time and the Australian dollar gold price breached $4500 an ounce.

Victor Smorgon Partners’ Resource Gold Fund returned a chunky 13.3 per cent in January and portfolio manager Cameron Judd believes the valuations of ASX gold stocks still don’t reflect the outlook for the yellow metal.

“Gold’s performance in times of uncertainty or crisis could see it push towards $US3600,” Mr Judd said. “Despite the strong gold price performance and fundamentals supporting further appreciation, gold miners are trading at discounted valuations on the ASX.”

Wall Street’s biggest banks believe a $US3000 price tag is imminent. Citi said it was possible within the next three months, while JPMorgan has a year-end target of $US3150. Bank of America said on Thursday that gold could reach $US3500 an ounce if investment demand rises 10 per cent this year.

The unprecedented surge in the gold price has been fuelled by investors seeking safe haven assets as US President Donald Trump unleashes aggressive trade and geopolitical policies. There are fears the president will accelerate inflation, forcing central banks to raise rates in a way that damages global growth.

Victor Smorgon’s top holdings include ASX-listed Vault Minerals and the world’s largest gold miner, US-based Newmont, which recently acquired Newcrest. The fund also owns Australia’s biggest gold miner Northern Star, which agreed to buy rival De Grey in a $5 billion deal. (AFR) *Full article and coverag via subscription to The Australian Financial Review.

News

Australia

Northern Star paying top dollar for gold rival

Northern Star has offered $5 billion to buy De Grey Mining, with De Grey shareholders to vote on the offer on 16 April. De Grey is the company behind the Hemi gold prospect in Western Australia, which is thought to hold at least 11 million ounces of gold and which is slated to produce 530,000 ounces annually in its first decade of operation. KPMG, which was engaged to provide an independent assessment of Northern Star's offer, has valued DeGrey at between $4 billion and $4.79 billion, inclusive of a premium for control. It concludes that the offer is "fair and reasonable and therefore is in the best interests of De Grey shareholders, in the absence of a superior proposal". (Roy Morgan Summary)

News

March 12, 2025

Crypto market tumbles after stocks

Market picture

Crypto market capitalisation has been falling to $2.5 trillion following the rumbling fall of the US stock market. It is dipping below the peaks of early 2024 and late 2021. Previously, a similar decline would complete a corrective pullback, attracting buyers. However, the chances of such an outcome are now lower than in previous years due to the powerful influence of traditional financial companies, which has strengthened the link between the crypto market and stock dynamics.

For now, though, we can argue that there is less terror in crypto. The Fear and Greed Index is at 24 (+4 points for the day), while the low point was a week earlier at 10.

Bitcoin slipped towards $76.5K in the early hours of Tuesday but has popped above $80K at the time of writing, approaching Monday’s consolidation levels. A bearish pattern persists on the daily timeframes, which suggests a strengthening sell-off after a failure under the 200-day moving average. The scenario of a pullback to the $70-74K area still looks the most probable for us. This is all the truer as the consolidation and rebound in early March has taken the short-term oversold stance out of the market.

Ethereum is trying to find a pivot point after falling towards $1750 at the start of Tuesday. These were the lowest values in the last 17 months. On weekly timeframes, the RSI oscillator hit its lowest point since mid-2022 - near the bottom of the bear market. Does this signify an opportunity for the recklessly bold or a breakdown in the leading altcoin? We will find out in the coming days.

News Background

According to CoinShares, global crypto fund investments fell by $876 million last week after record outflows of $2.911 billion a week earlier. Investments in Bitcoin fell by $756 million; in Ethereum, by $89 million. Investments in Solana rose by $16 million, in XRP by $6 million, and in Sui by $3 million.

As a result of another recalculation, Bitcoin mining difficulty increased by 1.43% to 112.15T. The growth did not compensate for a 3.15% drop two weeks ago. However, the figure came close to the all-time high of 114.17T reached in January.

Strategy (former MicroStrategy) intends to raise $21bn through the sale of preferred shares as part of its At-The-Market program. The proceeds will be used to buy Bitcoin and other corporate purposes. (FxPro)

News

March 11, 2025

US Senator And Congressman Introduce Strategic Bitcoin Reserve Bills To Buy One Million BTC

Speaking at the “Bitcoin for America” summit, lawmakers announced their plans to create a federal bitcoin reserve that would see the U.S. buy one million BTC.

Today at the Bitcoin Policy Institute’s “Bitcoin for America” summit in Washington DC, U.S. Senator from Wyoming Cynthia Lummis announced that she is going to reintroduce her strategic Bitcoin reserve legislation in the Senate today.

“I am so pleased to announce that today I will be reintroducing The Bitcoin Act,” Senator Lummis stated. “And I’ll be joined here shortly by Senator Justice of West Virginia, who is one of the cosponsors. And we have several other additional cosponsors. And a lot of it is a result of the excitement that’s been building.” (Bitcoin Magazine). *Full article via Bitcoin Magazine

News

XRP wins Media Man 'Crypto Of The Month' award

News

Markets

Australian Dollar: $0.6317 USD (up $0.0020 USD)
Iron Ore Apr Spot Price (SGX): $100.60 USD (up $0.15 USD)
Oil (WTI): $67.70 USD (up $1.14 USD)
Gold: $2,931.74 USD (up $13.03 USD)
Copper (CME): $4.8425 USD (up $0.0500 USD)
Bitcoin: $82,880.91USD (up 0.32% in last 24 hours)
Dow Jones: 41,350.93 (down 82.55 points)

News

Roy Morgan wins Media Man 'News Services Company Of The Month' award

News Media

Australia

Peter Dutton More Crypto Friendly And Switched On Than Albanese (Media Man Group)

News

"Dutton A Genuine Contender" (Sky News Australia)

March 10, 2025

ASX futures are pointing up 69 points, or by 0.9 per cent, to 8011.

All US prices are as of 4.15pm Sunday in New York:

Bitcoin -3.7% to $US83,138
On Wall St: Dow +0.5% S&P +0.6% Nasdaq +0.7%
VIX -1.5 to 23.37
Gold -0.1% to $US2909.10 an ounce
Brent oil +1.3% to $US70.36 a barrel
Iron ore +0.3% to $US100.70 a tonne
10-year yield: US 4.3% Australia 4.4%

January 10, 2025

ASX futures up 33 points or 0.4%

AUD -0.3% to 61.98 US cents
UK pound -0.4% to $US1.2309
Bitcoin -2.9% to $US91,275 at 7.23am AEDT
US markets closed for Jimmy Carter’s funeral
Stoxx 50 +0.4% FTSE +0.8% DAX -0.1% CAC +0.5%
Spot gold +0.3% to $US2671.00/oz at 1.55pm in New York
Brent crude +1.2% to $US77.08 a barrel
Iron ore +1% to $US97.40 a tonne
10-year yield: US 4.69% Australia 4.48% Germany 2.56%
US prices as of 1.59pm in New York

News

Asia Pacific Mega Gambling News Update, by Greg Tingle - 9th April 2011

Newcastle NSW War Pokie Laws...

New poker machine restrictions proposed by Tasmanian independent Andrew Wilkie will "annihilate" pubs and clubs in the Hunter, leaving hundreds out of work, ClubsNSW Newcastle councillor Jon Chin says. Clubs Australia is launching a $20 million advertising campaign on Monday in an attempt to prevent the introduction of mandatory pre-commitment technology for all poker machines. Banjo, a John "Singo" Singleton company is behind the campaign. Mandatory pre-commitment requires pokies users to commit to a spending limit before they begin gambling. Once they reach that limit they will be unable to gamble again until the following day or longer, depending on what restrictions the player sets for themselves. Chin said the cost of implementing the new technology in the Hunter region would surpass $100 million. This figure did not include the 40% in revenue clubs would experience once the restrictions were imposed, he said. "This means Hunter clubs will lose another $100 million, making it impossible for us to sustain our businesses," he said. Australian Hotels Association Hunter sub-branch vice-president Bruce Woods said there was no evidence to suggest the restrictions would discourage people from gambling. "This won't help pathological gamblers at all but it will lead to a loss of jobs," he said. "We support the clubs' campaign against this, it will affect pubs just as much as clubs".

Online Gaming Strong Growth In Asia...

Online gaming industry has grown into a $US3 billion business that provides a good standard of living to migrant workers in Asia who play games all day and sometimes, all night! Virtual currency is all the rage, it sometimes gets sold to punters abroad for cash. A World Bank study demonstrates an emerging industry in which firms seeking to boost their brands' popularity pay low-skilled workers overseas to become their Facebook fans or Twitter followers. The study, Knowledge Map of the Virtual Economy, is the World Bank's first in-depth look at the impact of online gaming and social media in the developing world. Vili Lehdonvirta, a co-author of the report, advised that the bank should not pour its money into the industry, because he said the deal making violated some of the game publishers' terms of service and was cheating. Known in the business as "gold farming", the game-playing boomed in the early 2000s with games like World of Warcraft and has evolved considerably. Labourers in Asia spend numerous hours each day advancing through levels of an online game, picking up gold, swords and gems that enhance a game player's status. Then gaming studios, which employ the players, sell those virtual goods to online retailers. Next step, the retailers sell on those goods to more than 120 million players globally, many of them in Europe and North America, who don't want to play the games day and night to gather their own. The bank's report indicates that online gaming has a positive impact in Asia because 70% of the industry's revenue remains in the gaming countries, with most of that money going to the gaming studios. Compared with the $US70 billion coffee market...in which only a tiny fraction of the revenue remains in the bean-growing countries...the gaming industry had a "much better development impact", the report states. A report survey checks out on a group of 26 players and studio managers that offers a rough, yet rare demographic look at their lives. Most of the players work out of studios in China, in Beijing or Changsha, capital of Hunan province. They earn an average wage of $US2.70 an hour, $US1 more than Beijing's minimum wage for part-time factory work. "The larger point is that online gaming is often viewed as exploitation, Lehdonvirta said. "Certainly it's not a dream career, but the players are not at sweatshop levels." The gaming studios keep about 60% of the industry's $US3 billion in revenue. Readers, would you like to be a prize gather for the gaming studios on that level of pay? Better not answer!

Samoan Casino Proposal Has Social Concerns For Kiwi, Samoan Locals...

All these places have land based casinos - Las Vegas, Monte Carlo, Macau, Melbourne and just maybe soon - Apia in Samoa. Some business folks have earmarked it as a future gambling destination, and Kiwi group, the Problem Gambling Foundation of New Zealand, is advising against it, citing social harms of a casino will outweigh any economical benefits that the Samoan government will hope to achieve. In an admission of the dangers of gambling, the proposed casino in Apia will attempt to bar locals by only allowing the holders of foreign passports to gamble. Problem #1... many locals have duplicate passports, so getting in to a casino for locals may not be that hard, and don't even bring up the subject of fake ID. Will the region get a land based casino? Stay tuned for updates.

Clubs Australia War On Gillard Labor Government Re Pokie Laws...

Clubs Australia has declared "open warfare" on the Gillard government, preparing a $20 million media campaign to try to stop laws to limit how much punters can spend on poker machines. Last year "Tasmanian Devil" (MM satire) independent MP Andrew Wilkie backed Labor to form a minority government in return for a clampdown on the use of poker machines. Now, the lobby that represents clubs and pubs is wrestling and punching back, with a media blitz targeting Wilkie and Prime Minister Julie Gillard. Both Wilkie and Gillard are in big trouble in the popularity polls, with Labor set to lose the next federal election, following their NSW loss, where it was bloody and crimson mass. Billboards, a website, beer coasters and more It's war on nationwide. The campaign has been criticised as misleading for claiming punters will need a licence to gamble. Clubs Australia executive director Anthony Ball rejects that. "What we do know is that everyone who plays a poker machine will need to register and obtain a card, and then insert it into a poker machine and set a binding limit. There needs to be player tracking, because how else does the machine know what the player is doing? It will have your private details and your gambling history on it. Now if that's not a licence, I don't know what is." Under Wilkie's master plan, gamblers would have to nominate a dollar figure for how much they are prepared to lose before they start gambling, a scheme known as "mandatory pre-commitment". Wilkie wants the law in place by 2014 and he has the backing of South Australian independent Senator Nick 'Mr X' (MM satire) Xenophon. Senator Xenophon describes the Clubs Australia campaign as a "joke". "This industry is willing to spend $20 million of tax-break money that they get from community clubs - effectively taxpayers' monies, indirectly - to peddle lies in terms of a campaign where they haven't even seen what the final report will say. Whether it's $20 million or $200 million, this mob can spend as much as they like, but they can't spin that they are causing enormous damage out in the community. There are 300,000 Australians who either have a severe gambling problem because of poker machines, or are already showing the signs of one."

Proposed Pokie Laws With Cost 10,000's of Aussie Jobs...

Clubs Australia advise the changes will cost jobs. They want it to be a voluntary scheme and have rejected a government request to hold off on the ad war. "It will cost jobs, for the simple reason that asking Australians to sign on to this licence to gamble will mean they'll do something else," Mr Ball said. "They'll go and gamble online where none of these controls exist, or they they'll go to the TAB - they won't do it at the club.Even the proponent of this, Andrew Wilkie, is saying that this will cost up to 40% of revenue."
It's all hot fodder in Aussie Parliament too. Liberal Steve Ciobo sits on the joint committee on gambling reform, which has been hearing arguments pro and con against a mandatory pre-commitment scheme. "The committee was charged by the Labor party with the responsibility to look at a roll-out of pre-commitment," he said. "But Coalition members will be putting in a dissenting report because the evidence is clear that it's going to cost jobs, it's going to cost investment, and I'm concerned based on the evidence that it will make problem gambling potentially worse." The committee is due to report in the next few weeks. The states and territories have until the end of May to decide if they will agree to the Wilkie-led reforms. If they refuse, the Commonwealth believes it has the power to introduce overriding legislation to impose a national scheme. The pokie industry has shown the willingness to wrestle all the way to the next election, and perhaps even beyond. It's the lovers VS the haters. Who will win, and when will the final victor emerge. Stay tuned.

Sky City Entertainment Group Stocks Fall From Sky...

Sky City Entertainment Group, the casino and hotel operator, fell 0.9% to $3.41 amid media reports that overseas competitors were looking to hire the 500 staff made redundant or on leave without pay due to the closure of the Christchurch Casino. SkyCity owns a 50% stake in the business.

Casino Bouncer Thought Disabled Bloke Was Drunk...

A South Australian man with deasiese cerebral palsy says he was refused entry to the Adelaide Casino because the bouncer thought he was drunk. Mark Thiele was on a big night out with friends when he attempted to enter the casino, but was refused by a bouncer aka "gorilla". Thiele says the bouncer mistakenly thought he was drunk, but the casino is sticking by its decision. "I had said to the man that I wasn't a drunk, I was crippled," said Thiele, talking about his rejection on 7.30 South Australia. "He had said to me he was convinced I was intoxicated even though we said that I had only had a few drinks earlier on in the evening. "So I can't see why I was singled out and everybody else in my party wasn't. There was no difference between any of us besides the obvious. It's a mystery to me really." Last month, he and his friends had walked to the casino from the city's Hindley Street entertainment strip a few blocks away. Thiele has trouble moving his body and for him, walking distances is a big effort. His mate Aaron Nettlebeck says the casino bouncer did not understand. "Walking that sort of distance does get very, very sweaty over that sort of short period. It was a bit infuriating that it happened like that after such a nice evening." Thiele says he has not had a problem at venues until now. "For the vast majority it's never been a problem. Bouncers that I've come into contact with have been understanding and even let me skip the line a few times just to put me at ease," he said. "Obviously it's a stamina thing that I can't walk these long distances and stand in lines and all of these things." He says he is considering lodging a complaint with the commission or under South Australia's liquor laws.The casino's general manager, David Christian, has offered an apology of sorts. "It was certainly not our intention that Mark would have felt discriminated against and I'm sorry that he does feel that way," he said. But he is defending the actions of his staff. "They believe that they made the right call. I would believe that with the calibre we have and the training we put into our security officers, and the level of management that oversees it, that they would be right most of the time."

New Zealand Christchurch Casino Workers Hurting From Earthquake Financial Aftershocks...

Financial and emotional aftershocks are still be felt by the casino sector after a series of earthquakes that rocked the Asia Pacific - Japan and New Zealand region. Christchurch Casino workers are feeling disappointed and even depressed after having failed attempt to get a bigger redundancy payday.In excess of 500 formally happy and motivated casino employees were offered redundancy at the central Christchurch casino last weekend, which was badly damaged in the February 22 quake and has stayed closed ever since the act of mother nature. Anyone who wants to stay at the casino will be paid their holiday pay as either a weekly amount or in a "lump sum". Simply put, they will remain as employees of the land based casino on leave without pay until the the gambling den opens again. The SFWU (Service and Food Workers' Union), which reps for 100 plus casino workers, has a meeting with the casino's managers on Thursday. SFWU strategic industry boss Len 'Razor' (MM tag) Richards said workers were sombre but firm in their desire about securing a more attractive redundancy package. The union power that be were also asking for continued pay for employees that choose to stay on until the casino opens again. However, he advised management was not prepared to increase the amount of redundancy pay for staff, but did agree to request for a government wage subsidy. Due to a private insurance deal and policy in place, the land based casino has not relied upon the $1.5 million government subsidy available for quake-affected businesses. Richards stated that the union has contacted earthquake recovery minister Gerry Brownlee to request assistance to help pay workers who remain employed. SkyCity, half owner of the famous Christchurch Casino, has projected a $130 million plus profit this year. It's not known how much financially the quake cost Christchurch Casino or SkyCity. Christchurch Casino top sheep er top dog...chief executive Brett 'Ask Him' (MM satire) Anderson said about 70% of employees have indicated they will stay with the company rather than take the offered redundancy. He said a number of employees are also being offered jobs offshore. Anderson elaborated "I'm getting phone calls from Australia looking for our people and likewise all over New Zealand, and a few of them have spread their wings. More than a few have gone over to the Gold Coast. It's a lot warmer, it's a lot more stable, you can swim in the sea, the pay rates are better." Anderson said he still does not know when the casino will reopen.Employees have a deadline until Monday to decide whether they will take the redundancy package or stay on. Yep, it's the money or the box. Workers who have not contacted the company by showdown at 5pm on Monday will be deemed to have left their jobs and will be paid out a four-weeks-notice payment, along with their annual leave entitlements. Casino workers, did you get that. D Day is approaching.

A Media Man spokesperson said "In the current global economy anyone with a decent job should be grateful, especially in the casino or gaming sector. Well done to Christchurch Casino management for doing their utmost to assist in their difficult times. Employers will always want to ask for more... its in the nature. Land based casinos generally remain popular around the world so good staff will always be in demand."

Media Man and Gambling911 wish all parties well with their dealings, and hopefully some win - win - wins will still be possible.

States Probe Sports Betting Ads...

Aussie states are uniting to consider a crackdown on an explosion in advertising of sports betting, Victoria's Gaming Minister says. Michael O'Brien last night revealed the betting blitz on sport was being examined by the Council of Australian Governments. "There is growing concern at the extent to which is becoming inseparable from the coverage of major sporting events. Kids are being exposed to it constantly just by watching the footy or cricket," he said.AFL chief executive Andrew Demetriou said the league had expressed its concerns to stadium managers. Goal posts, boundary line fences and scoreboards at the MCG and Etihad Stadium have been plastered with ads from bookmakers. Demetriou said the alarm was raised during last year's Brownlow Medal telecast. "There seemed to be an enormous amount of (gambling) advertising after each break," he told press. O'Brien said the AFL, which enjoys lucrative sponsorship arrangements with gambling giants, could take responsibility through its media and stadium deals. "It may be that there's an opportunity for this influence to be exercised to ensure the promotion of sports betting isn't allowed to detract from family-friendly objectives of (such) sports," he said. This week, former Demon Daniel Ward revealed in the the newspapers his battle with gambling. "It's always in your face," he said of the ads. "It's like being a drug addict and an advert comes on saying, 'The first 50 people to ring will get a free bag of marijuana'."

Hawkins Former Ms Univervese Lookalike Kahili Blundell Wins Ralph Swimwear Title At Star...

Sin City Sydney babe Kahili Blundell has snatched the Ralph Australian Swimwear Model of the Year comp. The Crows Nest bikini super babe bested more than 2000 babes from all over Australia and Kiwi land to grab the coveted title at Sin Sydney's Star City Casino on Thurday. "I feel more than special right now, I'm blown away and so honoured to be given this position," Blundell said. "I was expecting him to call another number and I stood there thinking 27, is that me? "It's also my boyfriend's birthday, but I realised it was me and I was shivering." The 21-year-old Jennifer Hawkins lookalike works as a personal assistant and dabbles in makeup artistry in her spare time. Blundell says modelling has been tough, slogging it out for 3 years. "Since November I've been training every week for this, thinking about it every night," she said. "I've been brought up to eat very healthy, so I don't have too much trouble doing that, but I definitely exercise a lot. I've been working very hard so thank god it's all paid off." The comp saw the 38 finalists strut their stuff in catwalk parades. Sex bikinis were all the rage. A select group of a bakers dozen were picked, then reigning champ Emmi Moore handed over her sash and championship title to Blundell. "I've been doing this for three years now and this is exactly what I've been dreaming and hoping for," Blundell said. "I'm open to any opportunity and I love challenges. I've obviously done well in the bikini field, so I might just continue on this track for a little while." Burlesque babe Sina King from Underbelly home Melbourne snatched runner-up while second runner-up went to 21-year-old writer - journo type Tiffany Baker from Fremantle in Western Australia.

Australian Boxer Katsidis To Fight Guerrero In MGM Grand Casino Las Vegas Bloody Sunday...

Down under's Australia's Michael Katsidis and his opponent in Sunday's (AEST) interim lightweight world-title fight at Las Vegas' MGM Grand Casino, America's Robert "The Ghost" Guerrero, also have powerful stories. Guerrero's world was crushed big time circa 2007 when his wife, Casey, was diagnosed with leukemia. The Californian gave up boxing, giving up his world-title, so he could be by Casey's side and stay close to their young children as she underwent a bone-marrow transplant. Things are now looking up for Guerrero. "Casey has been cancer free for almost a year now," 28-year-old Guerrero, the number one ranked lightweight in the world and a former featherweight and super featherweight champion, said. Last year Katsidis' was having a dream run. The likable 30-year-old blokefrom Toowoomba celebrated his first wedding anniversary with wife Kumiko. He loved being a dad to their one-year-old daughter Kalia and was preparing for the biggest bout of his career, a world-title fight in Las Vegas against Mexican legend Juan Manuel Marquez. Things quickly went downhill when five weeks before the Marquez fight he learned his 31-year-old brother, champion Australian jockey (horse racing) Stathi Katsidis, had passed away. Just days later Katsidis' longtime trainer, Brendon Smith, received two more bad news calls. Smith's nephew got paralysed from the chest down in an accident and one of the trainer's former boxers passed away. "We got it all within three weeks and just before the Marquez fight," Smith said. Katsidis and Smith made the call to keep training at their Thai boxing camp and take on Marquez at the MGM Grand Casino, a match that would be voted the Fight of the Year after Katsidis floored Marquez to the mat in the third round. Marquez guts and balls by getting up and pounding Katsidis so badly ref Kenny Bayless ended the match in the ninth round, giving Marquez a ninth round technical knockout victory. On the eve of the Guerrero fight, Katsidis and Smith, who kept quite before the Marquez bout, finally opened up about their personal tragedies. Katsidis did not sleep two days before the Marquez fight. "He was emotionally spent before he got in the ring and to do what he did under the circumstances was incredible," Smith said. "I believe if something doesn't kill you it only makes you stronger," Katsidis said. Guerrero has 22 knockouts in his 27 professional victories. "This is truly a fight for boxing fans," Guerrero, who has a 28 win (18 KO), one loss professional record, said. "You are going to see two guys go at it and give it their all." The winner of the match will be named the interim World Boxing Association and World Boxing Organisation lightweight champions. Promoter 'Golden Boy' Oscar De La Hoya has named the MGM card "Action Heroes", with another Mexican legend, Erik Morales, fighting Argentina's exciting welterweight contender Marcos Maidana and in another welterweight battle, Brooklyn's Paulie Malignaggi VS Jose Miguel Cotto. The matches will be broadcast live in Australia on Sunday from 11am AEST by Main Event pay-per-view. "For a boxing card, sounds like it will be value for money for a bit of a change", said a Media Man insider.

News

Australia Day Special, by Greg Tingle - 26th January 2011

G'day and Happy Australia Day everyone. Ok, we know some of you punters, journos, high rollers - casino whales, entertainment news junkies, politicians, insiders, outsiders and legal eagles are from across the globe are not Australia, nor have ever been down under, but you get the idea. Did you know that some indigenous Australia's call Australia Day 'Invasion Day'! That's because most history books show that Captain James Cook and his crew invaded Australia on this day in 1988. They are known by a new names including the First Fleet, while some aborigines will always think of them and murderous mongrels, who stole their land and pride. It's easy for many of us to get the point of the blackfellas (affectionate). Media Man and Gambling911 with a bush tucker bag full of Australian gambling, casino, poker, media and sports news. Fair winds...

Queensland Banana Bender State: Pub Pokies And Online Pokies Becoming More Popular?...

One armed bandits are maintaining their popularity in 'The Sunshine State'. It's understand that punters might have only a 1 in a million chance of winning really big, lotto - millionaire style, but they just keep coming back for more. Yep, throw another dime in the pokie baby. Queenslanders "invested" close to $2 billion last year as the punters passion for the slots maintained its fever pace. The total pokies expenditure of $1.81 billion was slightly down on the previous year, it was the third year consecutively the number exceeded $1.8 billion. We're also learned that the 2008 figure of $1.83 billion was an all-time record. Now, this is important - those numbers Do Not take into account the rabid take up and roll our of online poker or sports betting. You know, betting over the global medium - the internet. Overall, Queenslanders spent $7 million less on pokies than last year and $28 million less than in 2008, but it still works out at in excess of $150 million every month down the slots August was the year's biggest month for slot gamblers, who put close to $170 million in the throats of the one armed bandits. August was also the biggest month for gamblers in 2008, with more than $173 million lost. Pokies remain by far the most popular games for punters in Australia, bringing in most of the estimated $17 billion spent on all forms of gambling down under each year. Some insiders think that the reduction in official spending was more a sign of the increased popularity of internet and sports-based gambling. Concentrating on pokie figures, it appears Queenslanders gambled more at the height of the global financial crisis two years ago than they did throughout 2010.

Tassie 'Devil' Gambling Tycoon Devilish Quotes...

David Walsh from Tasmania was such a big hit with the readership we thought we would dig up a few more of the red hot 'The Devil's' quotes, that are too good not to share. First a refresher...Art and gambling do mix, at least that's the experience of Brits Damian Aspinall, Phil 'Tuffers' Tufnell, Australian artist Gina Sinozich, Media Man (bodypaint and burlesque "fetish") and Tasmanian gambling whale - tycoon, David 'Wicked' (satire) Walsh. You will pick up on Dave's affectionate nickname by us later. We like you David, ok mate. Tasmania's most famous or infamous gambling figure, millionaire, David Walsh yesterday gave us a peak into his art exhibit...the biggest (and weirdest) private art gallery in Tasmania, if not the Asia Pacific. The $110 million Museum of Old and New Art is nestled on the banks of Hobart's Derwent River.

Quotes By The Tasmanian Devil!...

"FUCK the art, let's rock'n'roll."

"I think formal curation is a form of mental masturbation."

"I'm not really that interested in a bunch of big names. Most of the works are by people most people haven't heard of and still won't have heard of because there's no wall labels."

"I don't want to lose control (or) something that ends up looking like a pale version of the National Gallery of Victoria".

"Subversive adult Disneyland".

"Please see reception if you are planning a pool party or a ritualistic orgy."

"It's the opportunity to mess with your head. I like the idea of people having a couple of beers and looking at the art, having a couple more and changing their mind."

"Just a privileged guy with a megaphone"

"It’s like a rich man’s soap box. I’m standing on my soapbox and I’m shouting my views like they mean something."

"I’ll take all the popular stuff out. And if you go to the toilet two or three times we’ll recommend a good urologist."

“My brother once said about me that I’d rather be outside a barrel pissing in than inside the barrel pissing out. I’m anti this idea that we know what we’re doing with certainty. I kinda think that most things that are good happen to people largely by accident, but then they start looking for explanations. You see the views of rich, successful people on television, and they tell you why they got rich and successful; they don’t interview all the people who went through the same process and didn’t. I think most things are complete crap. I want to show that you can be fortunate without believing that your fortune was anything other than fortune."

"There are so many things we do that we hide from. We hack open cows and eat their guts but we compartmentalise that away from our lives so we can pretend it’s not happening. And on a larger, more important scale, if each of us acted individually to say ‘OK, we f…ed up the atmosphere, it is our personal responsibility’, humanity would behave in a very different way."

"One of the things about having money is that … I feel a bit of guilt and a level of privilege, and it seems to be an obligation to do something, and since art is what I’ve been doing....but it wasn’t really like that. It was: I bought this small gallery, bought a bigger one, and gradually it became something of this scale. It’s become a lot more serious endeavour than I intended it to be. There’s a bit of thumbing my nose at the establishment and trying to bypass academia, but mainly I just wanted it to be a bit of fun. And it is. And it will be."

"The gambling is all a computer thing that is going on right now".

Website

Museum of Old and New Art

Queensland: Cairns Reef Hotel Casino Poised To Raise Big Bucks For Flood Relief On Australia Day...

Punters, let's all spare a thought for those who have been attacked by the floods on Australia Day. Numerous events are being planed around Australia, from 'Sound Relief' to and initiative from the Cairns Reef Hotel Casino 'Bring on the Sun' It will be one of the biggest events on the Australia Day calendar for the city and all funds raised will go to the Premier’s Flood Relief Appeal. There's a good old fashioned sausage sizzle, competitions and female performers including the Marlins’ cheer squad. "The whole idea is slanted towards the female performer," entertainment manager Bruce Stewart said. "We’ve got an eclectic blend of female artists coming to perform as well." Cazalys, El Mundo Tapas Bar and the Marlin Coast Bowls Club will also host events to raise money for flood victims. Cairns Regional Council will hold events across the region, including the ever-popular celebrations on the Esplanade. Mayor Val Schier said the council was expecting a good attendance as usual with residents keen to get outside and celebrate our sunburnt country in the green and gold. "Even last year when it poured, a huge number of people came to the Aussie breakfast; we expect the same will happen this year, rain, hail or shine. It is one of those days where people can come together as a community and help celebrate why it is great to be an Australian. We live in a fantastic country and it is good for people to get out and enjoy it." Pubs and clubs will also get into the Aussie spirit with a number of activities on offer. Paradise Palms Resort and Country Club has a patriotic, fun-filled day planned with activities that pay homage to Australia’s heritage such as the much-anticipated pie-eating competition. "Everybody is welcome to come along and have some fun while tucking into our Aussie selection of meat pies, icy beers, lamingtons and classic Australian music by DJ Danny from Millennium Sounds," director of sales and marketing Darlene Holdsworth said.

Events

Join the celebrations

Paradise Palms Resort and Country Club Australia Day celebrations
What’s on: Australian menu served from noon in Restaurant 59, pie-eating and thong-throwing competitions start at 1.30pm. Pies, icy beers, lamingtons and classic Australian music on offer at the resort.
Time: 12pm. Entry free.

Bring on the Sun at Cairns Reef Hotel Casino
What’s on: Entertainment, sausage sizzle, raffles, jumping castle and more with all proceeds going to the Premier’s Flood Relief Appeal.
Time: 2pm. Entry free.

Shane Warne And Poker Mates Get VIP Star Treatment At Australian Open Tennis Sunday Night...

The spinner got there at 8pm hoping to get star VIP treatment for 14 of his closest mates. In the mix was was Joe Hachem, who he had earlier caught up with at the launch of the Aussie Millions Poker Tournament at Crown Casino. Warne requested an escort (no, not that type silly) when he arrived and posed mostly for photographs with his sunglasses on. He also spent time in Andy Roddick's player's box during his loss to Swissman Stanislas Wawrinka. It been a big couple of days for "poker her" for the legend, playing rendezvous with Liz Hurley in LA. He is expected to play in the second round of the poker tournament and could face off against Gary Ablett Jr and Jeff Fenech tomorrow. Blett made it through to the second round.

Australian Financial Review Goes Gaga For Lady Gaga; Gets Facts Wrong (We Think)...

It took us a few months of going through newspapers but we finally found the AFR to make a slip up, and its a doozy....An article reads "the complex will have a few upmarket bars, including one on the roof, and an events theatre to house live acts – think Lady Gaga – as well as awards nights." With Gaga's level of popularity she would require a much larger venue than Star City. Earlier this year, she - they played two concerts at the Sydney Entertainment Centre, capacity 12,000 or thereabouts. Do the math.

Australia's Kylie Minogue To Do The Colosseum At Caesars Palace Las Vegas: Aphrodite Live...

Mark is down Kylie fans the word over. She's doing Ceasers Sunday May 22, 2011 8pm

Melbourne: Aussie Joker Comedian Performs At Packer's Crown; Raises Cash For Flood Relief...

Melbourne folks at Crown Casino recently enjoyed 'The Jokers Comedy That Rocks' at Crown Casino. James Packer's casino donated all proceeds from last Friday night’s show to Queensland flood victims. Organiser William Leitch has happy with the way things went and showcased an evening with some of the city’s top stand-up artists, including Brad Oakes, Christine Basil and Greg Fleet. It's understood he got close to 150 people to come along, and he may be invited back on upcoming Friday nights.

Top 100 ASX Listed Companies Respond To Flood Cry For Help; Gambling And Gaming Industry Steps Up; Mining Firms and Banking Bastards Lead Charge...

1. BHP Billiton: $1.3 million (in addition, matching employee donations)

2. CBA: $1.35 million

3. Westpac: $1 million

4. ANZ: $1 million

5. NAB: $1 million

6. News Corp: $500,000 and Blue Ribbon campaign

7. Rio Tinto: $1 million ($700,000 to Premier Relief, $300,000 to Emerald community)

8. Wesfarmers: $7.5 million (plus $3.5 million from Coles customers)

9. Telstra Corp: up to $1 million by matching staff contributions (so far $338,000; is also supplying phones and free calls to people affected)

10. Woolside Petroleum: $122,395 (corporate + employees)

11. Woolworths: $6.9 million (matching customer donations in Woolies, Big W, Dick Smith dollar for dollar)

14. Fortescue Metals: Matching staff donations dollar for dollar

15. CSL: $250,000

16. QBE Insurance: not releasing a statement

17. Origin energy: $1 million

18. Macquarie Group: $200,000 (combined staff and company effort with fundraising activities continuing both here and overseas)

19. AXA Asia Pacific: No response

20. Santos: $500,000 plus use of helicopters and vehicles for clean up. Also $50,000 for flooding in WA

21. Coal and Allied Industries: (see Rio Tinto)

22. AMP: $250,000 + matching employee contributions to WA flood appeal up to $250,000

23. Suncorp Group: $100,000 (staff and customers have donated $1.5million)

24. Foster's Group: $500,000

25. Brambles: No response

26. Leighton Holdings: No response

27. Orica: No response

28. Oil Search: No response

29. Stockland: Donated $250,000 to the Premier's flood relief appeal, another $30,000 to the Mayoress Rockhampton regional flood appeal and are matching employee donations dollar for dollar

30. Coca. Cola Amatil: No response

31. Amcor: No response

32. Westfield Retail Trust: No response

33. IAG: No response

39. Crown: Donation tins in Crown complexes and have committed to matching all donations as well as staff contributions

52. Tabcorp Holdings: $1 million

78. Tatts Group: Going to run a dedicated lottery for the Queensland flood appeal where all profits will go to the Premier's Flood Appeal. They ran the same thing in Victoria after the Black Saturday bushfires. It will run on Wednesday 2 Feb in Queensland and is expected to raise $200,000. In addition, another donation will be made from the unclaimed prizes fund of an as. yet undecided amount

79. Fairfax Media: Matching staff donations

100. Seek: Reported it had made a donation to the Premier's Flood Appeal but chose not to disclose how much

Brisbane: Flood Relief Money Gets Spend On Pokies, Vice - Piss Up At Pubs...

It's been reported in a number of Queensland newspapers that the $1000 flood relief grants that went to many good folks in Granville are being used to feed slots and buy piss (beer) rather than food and necessities. Two Maryborough publicans say that in some instances the answer to that is yes, and they are disgusted. One of the publicans was so incensed by the misuse of flood relief money she telephoned Fairfax Media to complain. "A man came in bragging about how he’d got the $1000 payout because he told Centrelink he was stuck in Granville – but he was here the whole time. It makes me sick that people are openly admitting they’ve got the money for nothing, while there are people who’ve died or lost everything." She said Centrelink should have screened the applications more carefully to make sure only people who were genuinely in need received the cash. Another pub owner said his one armed bandits had not stopped buzzing since the grants became available. "We were quiet during the actual floods but this week’s been totally different. The pokies and the bottle shop have been going non-stop." Yeah, Aussie continue to love a punt, rain, hail, shine or flood!

Aussie Millions Game 8 Results...

The London based chap took down the $1,100 8 game mixed event title at Crown Casino in Melbourne adding AUD$23,800 to his almost $1.2 million in career tournament earnings. He entered the final table as the short stack, but managed to grind his way to victory and nudge away Australia's Bruno Portaro for the victory. The event marked Ashby's 8th final table appearance at the Aussie Millions that includes a side-event win back in 2005 and a seventh-place finish in the main event in 2009. Ashby also won his first WSOP bracelet this summer in the $1,500 7 Card Stud event and went well in the $10k H.O.R.S.E. for his biggest career score of $378,027. The 2011 Aussie Millions $1,100 8-Game Mixed event drew 68-players and paid the final 7.

Here are the results:
1 Richard Ashby AUD$23,800
2 Bruno Portaro AUD$16,320
3 Casey Kastle AUD$10,880
4 Daniel Ospina AUD$6,800
5 Oliver Gill AUD$4,760
6 Dane Coltman AUD$3,400
7 Paul Ravesi AUD$2,040

Aussie Main Event Day 1b: PartyPoker And Full Tilt Poker Players Feel The Pain...

PartyGaming's PartyPoker and Full Tilt Poker's powers that be likely won't be celebrating. Ok, they got news coverage and exposure, but its because their players are out. Yep, history maties. Full Tilt went well on Day 1a but Day 1b was rooted. Many of the big name pros went down for the count as locals stepped up. 209 players entered the Crown Poker room but after 7 levels of play, 80 remained. David Oppenheim, Annette Obrestad, Carlos Mortensen, David Benyamine, Andrew Feldman, Steve Yea, Andy Bloch and Gus Hansen were some of the Full Tilt players who died. Other casualties included Luke Santo, Raj Ramakrishnan, George Moussa, Michael Pedley, Graeme Putt, Martin Comer, Dennis Huntly, Jamie Pickering, Bruno Portaro, Casey Kastle, Ben Savage and Tim Marsters. 2005 World Champion Joe Hachem (tweeting he struggled with jetlag following a recent trip to the PokerStars Caribbean Adventure.) Defending champ, 2010 Aussie Millions Main Event winner Tyron Krost (PartyGaming's PartyPoker pro went down too). A new champ will be crowned in 2011 with plenty of Aussies still in contention. The field kicked off with Jeff Rossier in the lead with 154,900, closely followed by Michael Ottobra (143,400) and Martin Drewe, After winning the Opening Event last week and going deep in another event, Drewe is now set in the chip leaders in the Main Event after getting to 136,100. Jay “SEABEAST” Kinkade did nicely with 128,700, Haibo Chu (113,900), Manny Stavropoulos (85,600), Sorel Mizzi (74,400), Michael Egan (61,100), Kent Hunter (56,400), Jeff Lisandro (55,000), Eric Assadourian (50,300), Scott Montgomery (49,200), Chris Ferguson (45,400), Lee Nelson (30,200), Neil Channing (28,800), Roland de Wolfe (26,100), Aleks Brkovic (24,600), Jackie Glazier (21,900), Grant Levy (18,300), Gary Benson (10,500) and Mel Judah (7,200) amongst those who will return on Day 2. The 3rd and final flight of the 2011 Aussie Millions Main will commence Tuesday with another strong field and a few big names expected. Even Van Marcus will front up. Van, is your Red Ferrari safe this time mate? We're looking for more good fodder to write about. How about do a publicity stunt and make world wide headlines ago. Maybe someone at Crown Casino - Crown Limited might be open to it. Stanger things have happened... like Ferrari's getting stolen on site, casino fights and a man getting stuck in the Crown Casino kitchen grease vacuum.

Aussie Millions Event #9 Day 1b: Rossiter In Front...

It was down to business with players investing AUD$10,600 to buy in all with the goal of becoming the 2011 Aussie Millions Champion. 7 seven levels of play, and the 209-player field went to 80. Jeff Rossiter is in front with 154,900. Martin Drewe, 2011 Aussie Millions Event #1 winner with 136,100 - now 3rd on the leaderboard. Australian Jay Kinkade is on 128,700, and European Poker Tour mainstay Jeff Sarwer sits 5th with 120,500. Randy "nanonoko" Lew has 110,000 and Gavin Griffin 101,700 in 9th ninth and 10th place. Sorel Mizzi, Jeffrey Lisandro, Eric Assadourian, Team Full Tilt's Chris Ferguson, Full Tilt Poker Red Pros Scott Montgomery and Roland de Wolfe, Neil Channing, and Lee Nelson have also all made it to Wednesday's Day 2, but it was touch and go for some of them, testing the skill VS luck debate. Full Tilt Poker $25,000 Shootout Invitational winner David Oppenheim, Annette Obrestad, Carlos Mortensen, Andy Bloch, David Benyamine, Andrew Feldman, Gus Hansen, Joe Hachem, and David Steicke all had to say goodnight nurse. PartyGaming's - PartyPoker Tyron Krost was eliminated in a hand VS Gavin Griffin where his Ace-Queen couldn't best Griffin's Aces. The 3rd and final Day 1 flight commences Tuesday in Melbourne, Australia at 12:30 p.m. local time.

Getting board of poker yet? If so, try your luck er skill at Baccarat or Craps. If your more into luck, check out the slots like Cleopatra, Sinatra, Rambo, Goanna Gold and The Terminator. Rumour goes PartyGaming also have, or will soon get, a World Poker Tour themed online slot game. We recommend punters open an account with PartyCasino, PartyGaming and World Poker Tour, just to have all based covered. Party appears to still be the most popular online casino brand in Australia despite big efforts by the likes of 888. Marvel slot games are forecast to be some of the most popular of this year with Captain America and Thor tipped to hit Australia cinema's this year, with Spider-Man also getting a remake. Whatever your casino game of choice, good luck, and let us know how you go guys and girls. Spin to win.

Take the time to research and learn games before placing down money

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If you have a bet, please bet with your head, not over it, and for God's sake, have fun.

*Greg Tingle is a special contributor for Gambling911

*Media Man is primarily a media, publicity and internet portal development company. Gaming is just one of a dozen sectors covered

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