Oceania

IGT extends agreement with OPTIMA for award winning platform

Betfred

Major gaming distributor IGT has announced that it has signed an agreement with Optima Group for the licensing, support, and development of IGT’s sports betting platform in all international regions outside of Italy, the United States, and Canada. As part of the agreement, signed on 15 December, IGT is licensing its Sports Betting platform to Optima, enabling it to provide …

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Tabcorp shuts down loss making Luxbet

Tabcorp Holdings has decided to shut down online property Luxbet (luxbet.com), as the company focuses on completing its approved AUS $11 billion merger with Tatts Group. The underperforming online betting division had been under strategic review throughout 2017. In its latest trading update, Tabcorp governance disclosed that Luxbet had made pre-tax losses of approximately AUS $13 million (£7.5 million) for …

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IOC establishes task forces to tackle sports corruption

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Multi stakeholder task forces, charged with tackling corruption in sports, have been established by the International Partnership Against Corruption in Sport (IPACS). The platform, established by the International Olympic Committee (IOC) in addition to a number of international sports organisations, government and inter-governmental organisations, has agreed to set up three groups to tackle pressing issues. Each will be charged with …

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Poker machine debate grips Australia

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Australia has been lambasted by Canberra based think tank The Australia Institute, after new figures revealed its poker machine habits. With 835,000 of the worlds 1,076,000 poker machines, representing almost 80%, located in dedicated gambling venues, such as casinos, race tracks, betting agencies and slot halls, the paper points the finger at the remaining 241,000, situated in the worlds pubs …

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Supreme Court approval sees Tabcorp and Tatts merger set date

The long proposed merger between Tabcorp Holdings and Tatts Group has moved a further step towards completion, following approval of the scheme from the Supreme Court of Victoria. Originally announced in October of 2016, court orders have now been lodged with The Australian Securities and Investments Commission (ASIC), with the scheme now effective and a date of implementation set for …

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Business Briefs – featuring Christmas cheer, profits and parties

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The round up includes news of a fresh UKGC license being granted, Australian and American full year and Q3 results and Christmas promotions getting underway as the festive season begins. Aristocrat posts positive results A record revenue figure of $2.45bn has been announced by Aristocrat in its full year results, a 15.3% increase from the $2.1bn shown for the previous …

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ACCC will not stand in way of Tabcorp-Tatts merger

The Australian Competition and Consumer Commission (ACCC) has detailed that it will not challenge the Australian Competition Tribunal’s (ACT) decision to approve the AUS $11 billion merger of Tabcorp Holdings and Tatts Group. Issuing a short market update, ACCC still believes that the Tabcorp-Tatts combination will impact industry competition within Australia’s gaming and betting markets. Nevertheless, ACCC governance will not challenge …

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Aristocrat ups Social portfolio acquiring $990 million Big Fish Games from Churchill Downs

Australia ASX100 gambling technology supplier Aristocrat Gaming has strengthened its position within the social gaming sector, acquiring Seattle-based Big Fish Games from US racing operator Churchill Downs for a reported $990 million (£735 million) cash transaction. The acquisition sees Aristocrat expand its Social Gaming portfolio, having acquired Israeli games studio Plarium Gold last August for $500 million. Updating investors, Trevor …

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Crownbet drops all oppposition to Tabcorp-Tatts merger

Updating the market, Australia ASX-listed gambling group Tabcorp Holdings has confirmed that it has fully settled its Tatts Group merger dispute with competitor Crownbet Limited. “CrownBet has agreed not to apply for judicial review of the Tribunal’s decision on 22 November 2017 to grant authorisation for the Transaction. CrownBet has also agreed not to take any action which would impede …

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Oulala to target Indian market following Bravio link up

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Oulala, the daily fantasy sports (DFS) provider, has announced a strategy to ‘penetrate the relatively untapped Indian mobile market networks,’ via a new partnership with Australian tech company Bravio. The white label agreement with Bravio Gaming Limited, a B2B and B2C provider of online digital entertainment, marks the latest expansion of the European daily fantasy football site. Benjamin Carlotti, Managing …

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