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Oceania

Lotto NZ extends remote systems provisions with IGT

New York-listed gambling and lottery systems provider IGT Plc, has announced that it has strengthened its existing partnership with the New Zealand Lotteries Commission (Lotto NZ) by securing an agreement to provide a ‘remote gaming server’ (RGS) extension and instant win content. IGT continues to be the lead gaming systems supplier for the Lotto NZ brand, a partnership which has ... Read More »

Australia Parliament passes amendment bill shutting down online poker & in-play services

Having today passed the ‘Gambling Amendment Bill 2016’, Australia’s federal parliament has closed a number of regulatory loopholes thus outlawing online poker and in-play sports betting. Since November 2016, the Australian Senate has been reviewing the propositions of the Amendment Bill, which sought to ‘bridge the loopholes found in the Interactive Gambling Act of 2001’. The restructuring of Australia’s gambling ... Read More »

Ladbrokes Australia furthers NRL presence with Newcastle Knights sponsorship

Ladbrokes Australia continues its marketing and coverage expansion by announcing that it has secured a shirt placement sponsorship with New South Wales NRL Premiership Rugby League side the Newcastle Knights. The sponsorship will see the Ladbrokes Australia brand (Ladbrokes.com.au) promoted on the back of the Knights’ season 2017 home & away shirts. The Telstra NRL Premiership season began this March, ... Read More »

Crown Resorts debt & dividend payment nets Packer AUS $600 million

The continued restructure of Crown Resorts and its business assets has earned Australian casino and leisure magnate James Packer approximately AUS $600 million (£375 million) in cash last week. Packer’s personal wealth vehicle Consolidated Press Holdings (CPH) informed the Australian ASX that it had sold AUS $101 million of ‘debt securities’ in Packer’s Crown Resorts enterprise. Further to the debt securities payment, ... Read More »

Tabcorp settles AUSTRAC record AUS $45 million compliance fine

The Australian Federal Court has today approved ASX-listed Tabcorp Holding’s AUS $45 million (£27 million) settlement with financial watchdog AUSTRAC relating to severe breaches of its money-laundering code and corporate compliance failures. Tabcorp governance has agreed to pay the record fine, on the condition that AUSTRAC withdraws any further allegations of non-compliance against the company. As reported in February, Tabcorp ... Read More »

Tabcorp switches to ‘stakeholder friendly’ ACT as regulatory supervisor for Tatts combination

In a surprise move, the governance of Australia ASX-listed gambling operator Tabcorp Holdings has announced that it has switched regulatory body supervising its AUS $11 billion merger with competitor Tatts Group. Updating investors this morning, Tabcorp confirmed that it had filed a direct merger application with the Australian Competition Tribunal (ACT), replacing the Australia Competition & Consumer Commission (ACCC) as ... Read More »

ACCC watchdog wants Tabcorp & Tatts to restructure assets

Australian gambling market concerns published by the Australian Competition and Consumer Commission (ACCC) regarding the planned AUS $11 billion merger of gambling giants Tabcorp Holdings and Tatts Group has led to a restructure of assets in order for stakeholders to gain ‘final merger approval’. Issuing a 38-page report, the ACCC has detailed that the combining of Tabcorp and Tatts assets ... Read More »

Betfair Australia pushes for optimised content with Football Form Labs

Betfair Australia will optimise its football related content utilising Football Form Labs (operated by Bettorlogic) software, entering a partnership to engage its sports betting traffic with related football markets. Confirming the partnership, the Football Form Labs (footballformlabs.com) team will provide   editorial previews for every Premier League fixture which wiil be hosted on Betfair Australia’s ‘The Hub’ forum. Football Form Labs content ... Read More »

Trevor Croker begins Aristocrat CEO reign seeking to enhance product values

Today marks the first day of Trevor Croker’s reign as Chief Executive of Australia ASX-listed Aristocrat Gaming, taking over from long-term incumbent Jamie Odell (2008-2016), who announced his departure as the firm’s leader last November. Being officially appointed CEO at Aristocrats Annual General Meeting, Croker stated to investors that he would priorities ‘shareholder growth and product renewal’ as new leader ... Read More »

Multiple compliance failures see Tabcorp pay record AUSTRAC AUS $45 million fine

The Australian Transaction Reports & Analysis Centre (AUSTRAC) has issued Tabcorp Holdings its biggest ever fine of AUS $45 million (£27 million) for ‘extensive breaches’ of national anti-money laundering rules and compliance standards. The fine has been forwarded to the Australian Federal Court for final approval, against Tabcorp NSW and Victoria enterprises which failed in to register AUSTRAC of multiple ... Read More »