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Good afternoon,

Australia’s next cryptocurrency gambling magnate is a little-known 26-year-old high school dropout who has already packed plenty into a career running a global online casino business averaging $US2bn in wagering each month.

PwC Australia has revealed audited financial results for the first time as it tries to restore its reputation as an opaque operator in the wake of the tax leaks scandal. The firm reported a 15 per cent drop in full year profit to $619m for the period ended December 31, 2024, with partners receiving an average income of $767,000. 

In the same week new figures highlighted the losses faced by investors in city apartments, speculation is mounting that investment taxes, specifically on capital gains and family trusts , are looming in the months ahead.

Vesna Poljak
Business Editor
The markets


Commentary
D-Day nears for ASX as clearing house split mulled by regulator
By JOHN DURIE
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The ASX, which set a world benchmark when it was demutualised and listed itself, is now the subject of an ASIC inquiry and faces the possibility of being split from its clearing an...
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