Oceania

Oceanic news – Australia and nearby countries

Tabcorp CEO Adam Rytenskild resigns over ‘offensive workplace language’

SBC News Tabcorp CEO Adam Rytenskild resigns over 'offensive workplace language'

Tabcorp Holdings has informed markets that Adam Rytenskild has resigned with immediate effect as CEO of the ASX-listed wagering and racing media group. Investors were informed this morning of the immediate departure of Rytenskild who faces “allegations of using ‘inappropriate and offensive’ language in the workplace.” Tabcorp said its board considered the language used by the CEO to be inconsistent …

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AUSTRAC launches AML probe into bet365 following external auditing

SBC News AUSTRAC launches AML probe into bet365 following external auditing

The Australian division of sportsbook operator bet365 has landed in hot water by attracting unwanted attention from the country’s financial regulator AUSTRAC. According to the watchdog, the probe was launched based on reports of compliance shortcomings with Australia’s Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act). The latest is part of AUSTRAC’s ‘extensive supervisory campaign’ launched last year to …

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BetMakers reorganises units to withstand “downward” Australian market 

SBC News BetMakers reorganises units to withstand “downward” Australian market 

BetMakers details that it has benefitted from executing its restructuring plans to simplify its operating structure and commercial operations for its business units of Global Betting Services, Global Tote and Corporate (B2B). Publishing its interim H1 2024 results (period up to 31 December), the ASX wagering technology group registered corporate revenues of  AU$ 51m (€30m), up 10% on H1 2023 …

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Tabcorp posts €385m losses in H1 of compound AUS challenges

SBC News Tabcorp posts €385m losses in H1 of compound AUS challenges

Tabcorp has accrued corporate losses of AU$636m (€385m) as detailed in the interim 2023/2024 accounts of the ASX gambling group. Statutory losses were attributed to Tabcorp booking impairment charges of AU$731m (€440m) during H1 2023/2024 trading for the reporting period up to 31 December 2023. As reported: “Non-cash impairment charges relate to certain assets in New South Wales (NSW) and …

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VRC, Tabcorp & Nine to grow Melbourne Cup in new broadcast deal

SBC News VRC, Tabcorp & Nine to grow Melbourne Cup in new broadcast deal

The Victoria Racing Club (VRC), Tabcorp and Nine Entertainment (Nine) have formed a broadcast, media and sponsorship deal for the Melbourne Cup Carnival. The partnership, running from 2024 to 2029, will see the four-day Australian horse racing meeting broadcast on all Tabcorp-operated Sky platforms and the TAB app, with the betting firm having the right to on-sell coverage to other …

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Dabble sponsors Repco Supercars Championship

SBC News Dabble sponsors Repco Supercars Championship

Dabble has announced a partnership with Supercars – a touring car racing category in Australia and New Zealand. The Australian betting operator, which has a social-first sports betting app, will now be named the official and exclusive wagering partner of the Repco Supercars Championship. Tom Rundle, CEO of Dabble, said: “Joining forces with Supercars represents an incredible opportunity for Dabble …

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ACMA banishes dozen of websites out of Australia

SBC News ACMA banishes dozen of websites out of Australia

A total of 12 gambling websites have been ordered to cease operations in Australia after being found to be in violation of the country’s Interactive Gambling Act 2001 (IGA).  Zet Casino, Wazamba, Playzilla, Slots Palace, Nomini, Casinia, SG Casino, Fez Bet, Buran Casino, Spin Better, Golden Bet and Clash.gg are the online gambling providers that the Australian Communications and Media …

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RWA: ‘Sensible’ regulations lead to safer gambling in Australia

SBC News RWA: ‘Sensible’ regulations lead to safer gambling in Australia

In the face of mounting pressure to raise the standards of safer gambling in the country, the Australian federal government has taken on the task to reach higher player protection levels by enforcing new regulations. These regulations are affecting a number of areas of bookmaker operations, including payments and retail betting. Recently, the Victoria Gambling and Casino Control Commission (VGCCC) …

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L&GNSW readies tougher stance against operators not meeting regulatory standards

SBC News L&GNSW readies tougher stance against operators not meeting regulatory standards

Liquor & Gaming New South Wales (L&GNSW) has issued a statement which addresses the ‘poor conduct’ of a number of NSW-licensed bookmakers over the last few months.  A spokesperson for L&GNSW told SBC News that the conduct in question involves ‘unreasonable obstructions’ when it comes to paying out players’ winnings, as well as assisting with account closures – in some …

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SportChamps fined for breaching NSW gambling ad framework

SBC News SportChamps fined for breaching NSW gambling ad framework

Australian online bookmaker SportChamps has been fined AU$17,500 (£9,000) by the government of New South Wales for breaching the state’s gambling advertising rules.  According to Liquor & Gaming NSW, the sportsbook pleaded guilty in court over two instances of gambling promotion, one on its website and one in a Facebook post, inviting people to “Punt for free. Learn the game!” …

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