Oceania

Business Briefs – featuring Christmas cheer, profits and parties

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The round up includes news of a fresh UKGC license being granted, Australian and American full year and Q3 results and Christmas promotions getting underway as the festive season begins. Aristocrat posts positive results A record revenue figure of $2.45bn has been announced by Aristocrat in its full year results, a 15.3% increase from the $2.1bn shown for the previous …

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ACCC will not stand in way of Tabcorp-Tatts merger

The Australian Competition and Consumer Commission (ACCC) has detailed that it will not challenge the Australian Competition Tribunal’s (ACT) decision to approve the AUS $11 billion merger of Tabcorp Holdings and Tatts Group. Issuing a short market update, ACCC still believes that the Tabcorp-Tatts combination will impact industry competition within Australia’s gaming and betting markets. Nevertheless, ACCC governance will not challenge …

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Aristocrat ups Social portfolio acquiring $990 million Big Fish Games from Churchill Downs

Australia ASX100 gambling technology supplier Aristocrat Gaming has strengthened its position within the social gaming sector, acquiring Seattle-based Big Fish Games from US racing operator Churchill Downs for a reported $990 million (£735 million) cash transaction. The acquisition sees Aristocrat expand its Social Gaming portfolio, having acquired Israeli games studio Plarium Gold last August for $500 million. Updating investors, Trevor …

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Crownbet drops all oppposition to Tabcorp-Tatts merger

Updating the market, Australia ASX-listed gambling group Tabcorp Holdings has confirmed that it has fully settled its Tatts Group merger dispute with competitor Crownbet Limited. “CrownBet has agreed not to apply for judicial review of the Tribunal’s decision on 22 November 2017 to grant authorisation for the Transaction. CrownBet has also agreed not to take any action which would impede …

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Oulala to target Indian market following Bravio link up

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Oulala, the daily fantasy sports (DFS) provider, has announced a strategy to ‘penetrate the relatively untapped Indian mobile market networks,’ via a new partnership with Australian tech company Bravio. The white label agreement with Bravio Gaming Limited, a B2B and B2C provider of online digital entertainment, marks the latest expansion of the European daily fantasy football site. Benjamin Carlotti, Managing …

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Home crunch triggers FTSE bookmakers’ Australian arms race

FTSE bookmaker William Hill Plc has lit-up the Australian gambling market, by confirming that it has entered ‘in-depth discussions’ with Crown Resorts to acquire its controlling 62% stake in online betting subsidiary Crownbet. The cumbersome merger of Tabcorp-Tatts has dominated the Australian betting industry’s agenda and context in 2017, however, seeking to expand its international assets William Hill may have …

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William Hill eyes Australian expansion by entering CrownBet takeover talks

Crown Resorts, the Australian gaming and entertainment group, and William Hill have both moved to confirm discussions have taken place, and are ongoing, regarding the formers 62% stake in online betting firm CrownBet. Speculation first came to light in The Australian newspaper, that ‘in depth’ talks over a potential deal were believed to ongoing between governances. Presenting a statement to the media, Crown Resorts …

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Australia favourites as Ashes fever descends on Brisbane

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Australia and England have a rivalry steeped in history, one that particularly comes to the fore whenever the two nations are pitted against each other in a sporting arena. That is epitomised by the Ashes, with the tiny urn the ultimate prize for whichever side can hold their nerve in the various cauldrons of noise over the course of the …

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Dmitry Starostenkov – EvenBet Gaming – Raising the bar in daily fantasy sports

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Earlier this year EvenBet Gaming unveiled its new daily fantasy sports (DFS) product, with the feature packed turnkey solution designed to break new ground within the vertical. Dmitry Starostenkov, CEO of EvenBet Gaming, has been speaking to SBC about what makes the online gaming software developers DFS product stand out from the crowd, developments that it has been going through …

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Tabcorp hails “significant step” following merger greenlight

The tortuous progress of the long planned AU$11bn merger between Tabcorp and Tatts has been eased after the Australian Competition Tribunal (ACT) gave the deal the go-ahead, for the second time. The case had been referred back to the ACT for a second review, following opposition to the deal from the Australian Competition and Consumer Commission (ACCT) and rival betting …

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