Oceania

Oceanic news – Australia and nearby countries

Suicide Prevention Australia demands stricter federal controls of online gambling  

Suicide Prevention Australia has submitted its response to the Federal Government’s review of online gambling, stating that “stricter regulation of the gambling sector is required across all Australian states”.  Canberra’s Government has commissioned a ‘Senate Standing Committee’ to review and draft new federal amendments to update Australia’s ‘Interactive Gambling Act’ of 2001. The committee has agreed that it will propose …

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Apollo tables AUS $4bn offer for TAB

US private equity fund Apollo Global has entered the pursuit of Australia’s highly prized TAB by tabling an initial AUS $4 billion (€2.5bn) offer to acquire the Tabcorp Holdings wagering unit. Apollo’s bid sees the US fund target taking control of Tabcorp’s wagering and media division and its further related ‘pokies’ machine subsidiary unit.  A secondary offer of AUS 3.5 …

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Scientific Games reviews ASX options to trim debt 

Scientific Games Corporation (SGC) is reportedly reviewing strategic options to list its business on the Australian Securities Exchange (ASX).  The Australian Financial Review (AFR) has reported that SGC has recruited Sydney-based investment bank Jarden Australia to draft the company’s pathway towards listing on the ASX. An ASX-listing is detailed as one option to address SGC’s long-term debt reduction, which currently …

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Why Neosurf chose to back the creation of League Circuit Oceania

The support shown by Neosurf for the League of Legends (LoL) scene in Oceania proves that its commitment to gaming events extends way beyond positioning itself as a way to pay. Chief Commercial Officer Andrea McGeachin told SBC News that the corporate philosophy for Neosurf, a global payments solution enabling gamers to pay online without credit card usage and without …

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Entain returns to Tabcorp table with AUS $3.5bn TAB offer

Entain Plc has this morning confirmed that it has revised its bid to acquire the TAB unit of Tabcorp Holdings, offering the ASX gambling group AUS $3.5 billion (€2.2bn) for its wagering and media division.  The revised bid is increased from Entain’s opening offer of AUS $3 billion, proposed on 2 February – with the FTSE100 firm seeking to become …

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Tabcorp calls off CEO search as board reviews all future options

Tabcorp Holdings has postponed its search for a new Chief Executive to replace David Attenborough, as its board undertakes a strategic review related to the firm’s future options.  Updating stakeholders, Tabcorp’s board confirmed that the company had reviewed a number of ‘unsolicited approaches’ to acquire the ASX firm’s TAB wagering unit. Tabcorp’s board has deemed the proposed valuation of TAB …

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ACMA blocks 10 more illegal betting websites

The Australian Communications and Media Agency (ACMA) has moved to block a further 10 illegal offshore betting websites in the country. Following a number of complaints, the ACMA chose to investigate the websites, and found them to be operating in violation of the Interactive Gambling Act 2001, specifically finding them to be offering betting services in contradiction of established Australian …

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FIFA enhances safeguarding strategy via Global Integrity Programme

FIFA has enhanced its global football safeguarding policy via the launch of the Global Integrity Programme, in cooperation with the United Nations Office on Drugs and Crime (UNODC). The programme places a strong emphasis on education, aiming to enhance integrity within all 211 member organisations via resource and knowledge sharing among various Integrity Officers, with the aim of preventing match …

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PointsBet acquires Banach to enhance US in-play wagering capability

ASX-listed sports betting operator PointsBet has announced that it has entered into a binding agreement (SPA) to acquire Banach Technology through its Irish subsidiary Lockspell. Dublin-based Banach is a specialist developer of sports betting risk management solutions, trading software and customised wagering functionalities – cashout, acca builders, build-a-bet components. The acquisition sees PointsBet bolster its technical and trading capacities, seeking …

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DraftKings revamps Aussie Rules DFS offering for new AFL season

DraftKings has launched its Australian Rules Football daily fantasy sports product for the Australian market, seeking to engage with wider audiences ahead of the upcoming Australian Football League (AFL) season on 18 March.  Kicking-off the AFL’s new season, DraftKings will host an exclusive opening night DFS competition featuring a top prize of AUS $85,000 (€55,000), the biggest player prize in …

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