Oceania

Oceanic news – Australia and nearby countries

Year in Review: UK judgement day looms and global crypto takes a hit

SBC News Year in Review: UK judgement day looms and global crypto takes a hit

As 2022 drew to a close the ever-constant shadow of the Gambling Act review continued to hang over the UK betting space, whilst a number of big names continued to make major moves.  Following the political chaos of Boris Johnson’s premiership, the situation began to stabilise at Westminster under Rishi Sunak, including the appointment of Paul Scully MP as Minister …

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PandaScore: Operators can fill the growth gap for Australian esports

SBC News PandaScore: Operators can fill the growth gap for Australian esports

Oliver Niner, Head of Sales at esports data solutions provider PandaScore identifies the clear and present opportunity for betting operators to serve Australia’s growing esports community… The Australian market is considered one of the most desirable for sportsbooks to operate in. With a mature betting culture across a wide range of sports, horses and greyhounds as well as a strong …

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Steven Salz, Rivalry CEO: Turning a bookmaker into ‘the Red Bull of the internet’

Steven Salz, Rivalry CEO: Turning a bookmaker into the 'Red Bull of the internet'

Finding the right niche and audience is a challenge for any entrepreneur in betting, but esports operators such as Canada’s Rivalry have been gifted with a unique advantage in some respects. This is due to the audience for such products being largely from the Gen Z and millennial age brackets. As the firm’s CEO Steven Salz explained, effective engagement with …

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Tabcorp maintains ESG agenda despite 2022 transformation

Tabcorp revenue bitten by ‘softer trading’ in 1Q24

Tabcorp Holdings has published its FY22 sustainability report, covering its ESG activities during 2022, including a period before its demerger with The Lottery Corporation. Back in May, Tabcorp completed a demerger of its lottery and keno business, which saw the development of The Lottery Corporation, as the group places a continued focus on gaming and sports betting products. However, the measurements …

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TMT Analysis: Player protection no laughing matter as 2022 penalties hit £105m

TMT penalties

The past 12 months have seen a raft of financial penalties against betting firms in the UK alone – but this is just one element of a global phenomenon, with total charges reaching £105m so far this year. In the British market, the UK Gambling Commission (UKGC) issued a total of £44.6m in monetary charges, excluding figures from a recent …

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BetMakers brings fixed odds betting to Jamaica’s Caymanas Park

betmakers jamaica

Australian supplier BetMakers Technology Group has contributed to the rollout of fixed odds wagering products in Jamaica, launching the offering at the Caymanas Park racecourse. The successful launch of the offering at the island’s only racetrack was conducted in partnership with Supreme Ventures Racing and Entertainment Ltd, a gaming solutions provider focused on the Caribbean region. A joint objective of …

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Tabcorp prices $289m of long-term debt to ‘fund growth options’

ASX Tabcorp

Australian betting and media operator Tabcorp Holdings has moved to diversify its funding sources through the pricing of a $289m issue of long-term debts. Issued to its investors in the US private placement market, the notes are scheduled to settle in March 2023, subject to customary conditions, and comprising two tranches denominated in US$. The notes have a weighted average …

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BetMakers’ Global Racing Network to distribute Selangor Turf Club content across UK and Ireland

BetMakers Selangor Turf Club

Global Racing Network, a subsidiary of BetMakers Technology Group, has been awarded the rights to distribute thoroughbred racing content from Malaysia’s Selangor Turf Club. The racing content will be used for fixed odds, booked bets and exchange wagering across the UK and Ireland. Kerry Gatten, Vice President of Global Racing Network, commented: “At Global Racing Network we believe that Selangor …

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Rivalry praises Gen Z engagement in hitting Q3 revenue targets

rivalary corp revenue growth

Rivalry Corp, a Canada-based multinational esports betting operator, has achieved its revenue projections for Q3 2022, recording a year-on-year growth rate of 93%. Quarterly revenue stood at CAN $7.1m, up from $3.7m in the corresponding time period the year prior, marking the company’s highest-ever revenue, whilst also increasing sequentially by 35% from $5.2m in Q2. This fell roughly in-line with …

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Australian MP aims for 18+ limit on ‘insidious’ gambling gateway loot boxes

Andrew Wilkie Australia MP, loot boxes speech

In an enhancement of the legislative spotlight on betting and gaming in Australia, an MP has introduced a Bill to clamp down on loot boxes in video games. Andrew Wilkie, an Independent MP for the Clark constituency in Tasmania, has introduced a Bill to amend the Classification (PubIicatioDS, Films and Computer Games) Act 1995. Addressing fellow legislators, the MP – …

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