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Oceania

ACT says YES to Tabcorp-Tatts AUS $11 billion merger

Following an arduous nine-month regulatory compliance review, the AUS $11 billion merger of Tabcorp Holdings and Tatts Group has received approval by The Australian Competition Tribunal (ACT). Tabcorp governance this morning issued a corporate update detailing the ACT’s ‘merger greenlight’, with full details of its competition review expected to be published on Thursday 22 June. Updating investors, Tabcorp governance stated ... Read More »

Racing Post moves to acquire ANZ Bloodstock News.

Horseracing media firm the Racing Post has confirmed that it has moved to fully acquired Bloodstock Media Limited, the media owner of ANZ Bloodstock News. The media acquisition sees Racing Post takeover all Bloodstock Media assets, the leading news authority for the Australasian bloodstock industry. Racing Post management stated that it would begin to combine the resources of its Racing ... Read More »

Tabcorp ‘resets’ Sun Bets after slow start

Redundancies are on the cards at Sun Bets, the online bookmaker run by Australian operator Tabcorp Holdings and with UK national newspaper The Sun, as the business gets ‘reset’ after a disappointing start. Tabcorp has confirmed that the company is in discussion with a number of its employees as it looks to close its customer contact centre and bring all ... Read More »

TopBetta optimizes marketing capabilities with OtherLevels

Australia ASX-listed betting operator TopBetta has partnered with digital marketing platform provider OtherLevels in a bid to boost its customer engagement. The partnership will see TopBetta integrate OtherLevels marketing provisions, optimising performance and customer targeting across its website and mobile devices. OtherLevels’ digital marketing strategists have also been engaged to support and train TopBetta’s in-house team to implement methods to ... Read More »

Tabcorp governance told to explain unfair price plan ‘Project Alfred’

As the Australian Competition Tribunal (ACT) takes on the role of lead supervising body of the AUS $11 billion planned merger of Tabcorp Holdings and Tatts Group a number of industry stakeholders have addressed concern regarding the combination to create the Australia’s outright gambling market leader. This week, former merger review body The Australian Competition & Consumer Commission (ACCC) revealed ... Read More »

Pacific Consortium drops Tatts pursuit

Pacific Consortium the special vehicle of London private equity firm Macquarie Group and New York hedge fund Kohlberg Kravis Roberts (KKR) will no longer pursue its AUS $7.3 billion (£4.5 billion) acquisition of Australian gambling operator Tatts Group. The deal withdrawal follows Tatts’ board decision not to review Pacific’s latest takeover bid of $4.21-per-share combined with an investor ‘dividends add-on’ which the investment firm ... Read More »

Pacific Consortium adds ‘dividends sweetener’ to Tatts offer

In a bid to outmanoeuvre Tabcorp Holdings and derail the firm’s planned AUS $11 billion merger with Tatts Group, the Pacific Consortium has offered Tatts investors a ‘deal sweetener’ should they favour their AUS $7.3 billion all-cash for Tatts assets. The joint-venture investment vehicle headed up London private equity firm Macquarie Group and New York hedge fund Kohlberg Kravis Roberts (KKR) will ... Read More »

Australian sports stakeholders take stance against ban on betting advertising during sports broadcasts

Australian sports stakeholders are preparing to launch a fightback against the mandate put forward to the Malcolm Turnbull government which sets out to ban gambling advertising during sports broadcasts on all media verticals. This week Australian pro-sports executives were warned by Communications Minister Mitch Fifield that its restrictive gambling advertising mandate had been put forward to the cabinet for review, ... Read More »

‘Siren to Siren’…Australian government set to ban betting advertising during sports broadcasts

The Australian Newspaper has reported that Australia’s federal government will move to ban all betting/gambling advertising during sports broadcasts as early as next week. It is understood, that Communications Minister Mitch Fifeld will introduce a mandate to the government calling for a ‘siren to siren’ (start to finish) ban on all forms of gambling marketing during sports broadcasts on any ... Read More »

Susan O’Leary – Alderney – Strength in numbers

Alderney - Copyright: wavebreakmediamicro / 123RF Stock Photo

Susan O’Leary, Director of eCommerce at Alderney, says a recent panel discussion at the ASEAN Gaming Summit suggests progress is on the horizon when it comes to combating match fixing. During the recent ASEAN Gaming Summit in Manila, I was invited to take part in a panel on sports betting regulation. Expertly moderated by Harmen Brenninkmeijer of Dynamic Partners, the ... Read More »