Oceania

Oceanic news – Australia and nearby countries

BlueBet outlines FY23 priorities as profits dip after investment heavy H1

BlueBet outlines FY23 priorities as profits dip after investment heavy H1

International betting firm BlueBet has outlined its corporate priorities for 2H23 after experiencing a slight lull in both revenue and profits during the first half of the financial year.  Issuing an update this week for trading during 1H23 (1 July – 31 December 2022), the Australian operator reported revenues of $36.2m, down slightly, although relatively steady, on corresponding 1H22 figures …

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News Corp to tighten investment in Betr 

SBC News News Corp to tighten investment in Betr 

News Corp, the global media conglomerate of the Murdoch Family, is reported to be scaling down its investment in Australian sportsbook challenger Betr.  As reported by the Australian Financial Review (AFR.com), News Corp seeks to “water down its investment in Betr”, the sportsbook venture of Matthew Tripp in which it owns a 47% stake. Investment concerns have grown due to …

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BetMakers ‘to deliver next phase of growth’ after 1H23 business development

BetMakers ‘to deliver next phase of growth’ after 1H23 business development

BetMakers Technology Group finalised a six month period of ‘significant investment’ with strong revenue growth across two of its core verticals, amid major commercial developments for the firm. The B2B betting technology supplier, an ASX-listed enterprise, revealed revenue for 1H23 (1 July-31 December 2022) of A$46.7m, up 7.5% on corresponding H122 earnings of A$43.5m. On the other hand, the group …

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ACMA slams BetDeluxe unsubbed texts as ‘unacceptable’ in $50k charge

SBC News ACMA slams BetDeluxe unsubbed texts as ‘unacceptable’ in $50k charge

BetDeluxe has paid an infringement notice of $50,172 as the Australian Communications and Media Authority (ACMA) clamps down on its spam-unsubscribing rules. An investigation by the body found that the operator had sent more than 104,000 SMS without an unsubscribe function and over 820,000 SMS that did not contain the sender’s contact details. Concerning Noah Rose, Director of BetDeluxe, the …

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Tabcorp keeps faith in business transformation after 1H23 rebound

tabcorp

Tabcorp’s market leadership position in Australia remains steady as the company reported a small increase in revenue in the second half of 2022, softening the blow of retail closures during the first six months of the year. Issuing an update to its ASX investors covering H123 (30 June-31 December 2022), the betting, gaming and media group reported a 10.6% increase …

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Sportsbet seeking customer diversification via Australia TikTok ads

Sportsbet seeking customer diversification via Australia TikTok ads

Sportsbet is expanding the scope of its TikTok marketing campaign in Australia to broaden the gender diversity of its customer base, according to The Guardian. The Flutter Entertainment betting brand, headquartered in Melbourne, entered into an agreement with the Chinese-owned social media platform last year. Marking an exception to TikTok’s rules around gambling promotion, the bookmaker has been allowed to …

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Tekkorp reshuffles board and hires former William Hill US CFO as partner

Mark McMillan, Tekkorp

International gambling advisory group Tekkorp Capital has announced changes to its board, with President Robin Chhabra promoted to CEO. Matt Davey, the company’s founder, will now assume Chairman responsibilities, whilst Mark McMillan has also been confirmed as a new partner in the firm. Commenting on the board changes, Davey remarked: “Tekkorp Capital has grown rapidly over the last couple of …

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Tabcorp extends visibility for TAB sportsbook with North Queensland Cowboys

North Queensland Cowboys, Tabcorp TAB

Tabcorp has extended the reach of its flagship TAB sports betting brand, securing a partnership with the North Queensland Cowboys rugby league team. Part of the top-flight National Rugby League (NRL), the Cowboys have named sports and racing betting operator TAB as a platinum partner under the multi-year agreement. As a result, the TAB logo will be featured on the …

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Henson takes over CEO duties from Buckingham as BetMakers seeks ‘agile team’

SBC News Henson takes over CEO duties from Buckingham as BetMakers seeks ‘agile team’

Ahead of its Q2 FY23 earnings call later today, BetMakers has announced some major changes to its Board, citing a need to address operational deficiencies to maximise and increase profits The long-time CEO of BetMakers, Todd Buckingham will transition to the role of Chief Growth Officer, whilst Jake Henson will step up to the CEO role, having previously been Chief …

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