Oceania

Tabcorp parts company with under investigation Elmer Funke Kupper

Business news source, ‘The Australian’ reports that Elmer Funke Kupper will no longer serve as a Tabcorp Holdings’ Director, detailing that the executive will depart the company in October. Funke Kupper was the former Managing Director & Chief Executive of Tabcorp Holdings from 2007-2011. In 2011, Funke Kupper left the Australian gambling group to take up leadership of the Australian Securities …

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Tabcorp outlines ‘new enlarged capacity’ despite Sun Bets setback

Publishing its 2017/18 (period ending 30 June) annual results, a new look Tabcorp Holdings demonstrates its enlarged capacity, recovering from its 2016/17 woes. The ASX-listed gambling group points towards a new direction as it incorporates the lottery and betting assets of Tatts Group, forming Australia’s biggest gambling enterprise (deal concluded December 2017). A significantly enlarged Tabcorp records 2017/18 group revenues …

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Sportcast powers multi betting boost for Ladbrokes Australia

Sportcast - Copyright: wavebreakmediamicro / 123RF Stock Photo

Technology from Sportcast has helped Ladbrokes Australia to launch the industry’s first limitation free accumulator betting product. The operator’s Multiverse platform enables punters to combine any selection, including Same Game Multis powered by Sportcast and singles bets from any sport or racing event, within the same accumulator. After adding selections, punters can switch on or off any combinations of singles …

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Sun Bets termination costs Tabcorp £40 million

The governance of Australia ASX-listed Tabcorp Holdings has confirmed that it has completed discussions with News UK to terminate its Sun Bets joint-venture. The Sun Bets enterprise will cease trading in the coming days, with Tabcorp set to make a £40 million payment to exit its UK betting joint-venture agreement which began in 2016. Updating investors, David Attenborough Group Chief …

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Optus feels wrath of Australia following shambolic Russia 2018 weekend broadcast

Socceroo fans have lambasted Australian media and telecoms firm Optus, for its shambolic handling of World Cup Russia 2018’s opening weekend. The SingTel subsidiary which has secured the rights to broadcast/stream all Russia 2018 matches has come under fire, as its digital platform Optus Yes could not handle the weekend demand for World Cup matches. Optus broadcast issues begun as …

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Regulatory adjustments sees XLMedia issue revenue & profit warning

London AIM-listed industry affiliate marketing network XLMedia has this morning issued a revenue and profits warning, adjusting its 2018 corporate expectations. Updating investors, XLMedia governance details that the company has had to adjust to a number of regulatory impacts within Australia and Europe. ‘Underlying trading in the year to date has been stable with the Group actively deciding to focus …

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Australian Capital Territory pushes forward with 15% POC tax charge

The Australian Capital Territory (ACT) has confirmed that it will move to implement a 15% point-of-consumption (POC) tax charge on all remote gambling services. The ACT government which overseas legislation for Canberra, has confirmed that it will move to implement its POC tax charge by the beginning of 2019. The new policy will charge betting operators a 15% tax on …

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Victoria to introduce lowest consumption tax in Australia

Copyright: somartin / 123RF Stock Photo

The Victorian Government is to introduce an eight per cent online point of consumption tax, which it has been stated will raise an estimated $30m per year, report Australian media outlets. Coming into force at the start of 2019, and taking a proportion of bookmakers monthly earnings, Treasurer Tim Pallas, announcing its introduction, said the tax has been designed to …

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More Please! Sportsbet Australia recommissions SportCaller FTP games

Paddy Power Betfair (PPB) Australian subsidiary Sportsbet (Sportsbet.com.au) has launched a host of tailored ‘free-to-play (FTP)’ sports games developed by SportCaller studios, designed to broaden the bookmaker’s audiences and improve retention. Sportsbet expands its existing partnership with SportCaller games development, which saw the bookmaker launch its NBA mobile game as its first FTP game property. PPB’s Australian sportsbook has recommissioned …

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Twitter signs Australian World Cup broadcasting deal

Twitter has signed a groundbreaking deal with Australian broadcaster SBS to broadcast a live show at this Summer’s World Cup. The show which will be called #WorldGameLIVE, will be broadcast on a daily basis throughout the duration of the much anticipated tournament.    Suzy Nicoletti, Twitter Australia Managing Director, commented: “Aussie football fans don’t need to look any further than …

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