🦘 The Aussie Jobs AI Is Taking Over, Crown Resorts With Good and Bad News, Aussie Bitcoin ETF On The Cards

G’day everyone!

Here’s what we’ve got in store for you today:

• The Aussie Jobs AI Is Taking Over

• Crown Resorts With Good and Bad News

• Aussie Bitcoin ETF On The Cards

Let’s have a look at the market snapshot before jumping into the news:

AI's March Across Aussie Jobs: Automation Awaits!

Get ready, Australia! AI is knocking on the door, and it's here to take over.

With technology zipping ahead, a whopping 1.3 million jobs might need a total overhaul by 2030, warns consulting behemoth McKinsey.

We're talking a solid 9% of the workforce needing new gig alerts, especially in sectors like office support, customer service, and—brace yourselves—food services.

Here's the kicker: those fast food drive-thrus? They're already chatting up AI assistants instead of humans.

And that's just the start.

Picture nearly half of all banking roles and over a quarter of retail and accounting jobs getting handed over to AI by 2027.

But it’s not all doom and gloom.

While the AI takeover might streamline some jobs out of existence, new tech roles will sprout up, though not nearly enough to cover the losses.

So, if your job has you punching the same keys all day, it might be time to pivot.

And for those with kids, start prepping them for a future where AI skills could be golden.

Crown Resorts Announce Job Cuts Amidst Exciting News

Big news from the high rollers at Crown Resorts—they're cutting about 1,000 jobs across their casinos in Melbourne, Sydney, and Perth.

This massive shuffle, affecting about 5% of their workforce, comes just as they're basking in the glow of newly secured full casino licenses for Melbourne and Sydney.

What’s the deal? Crown's CEO, Ciaran Carruthers, chalks it up to a few culprits: a dip in foreign tourists, fewer local workers hitting the city centers, and tighter gaming restrictions.

Despite the chop, Carruthers assures that Crown's commitment to their regulatory obligations remains rock solid.

They're not just slashing and burning; they're also strategizing with transformation plans aimed at revamping their operations for the long haul.

It’s a tough call, but Crown is betting big on setting themselves up for a more robust future. Let’s see if their gamble pays off.

Australia Dives Deeper Into Crypto: Bitcoin ETFs Coming Soon!

Strap in, crypto enthusiasts!

Australia is set to spice up its financial scene by introducing spot Bitcoin ETFs on the Australian Securities Exchange by the end of 2024.

Following the footsteps of the U.S. and Hong Kong, which have already embraced these crypto vehicles, ASX is in talks with several big names like BetaShares, VanEck, and DigitalX to get the ball rolling.

Though the exact approval timeline remains hazy, the excitement is palpable.

This move could make a significant splash in Australia's hefty $2.3 trillion pension market, particularly among self-managed superannuation programs, which might find these crypto funds pretty attractive.

Remember, the U.S. just gave the nod to multiple Bitcoin ETFs earlier this year, marking a significant shift in investment landscapes.

Hong Kong isn't far behind, aiming to position itself as a leader in the Asian crypto market.

With Australia joining the fray, it's clear that Bitcoin's mainstream investment appeal is set to skyrocket.

Rent.com.au Hits Jackpot with Record Revenue as RentPay Thrives!

Rent.com.au is on a roll, celebrating a record-breaking quarter thanks to its booming RentPay platform, which has now processed a whopping $250 million in rent payments.

The Perth-based property rental platform is seeing a significant shift towards recurring revenue, now making up 16% of its total, compared to just 9% last year.

This shift is largely fueled by RentPay’s success, which seems to be resonating well with both renters and real estate agencies.

With over 8,900 renters actively using RentPay and another 4,000 lined up, Rent.com.au is not just surviving but thriving amidst the ups and downs of the rental market.

CEO Greg Bader is all smiles, crediting the platform’s two-way marketplace model for the company’s robust financial health.

He’s particularly excited about introducing international payment options like AliPay, WeChat Pay, and UnionPay, catering to a diverse tenant base including expats and foreign students.

The company’s stock surged 12.12% today, reflecting investor confidence in its growth trajectory. It’s clear Rent.com.au is not just about finding a place to live—it’s about redefining how renters interact with the market, making payments smoother and more adaptable to their needs.

You Made It!

If you’ve read all the way up to here, we just wanted to let you know that you’re an absolute legend!

Time to go to work and show off how clued up you are about what’s going on in the business world 💪

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