Oceania

Entain Plc is to face an investigation into whether it has complied with the anti-money-laundering (AML) and counter-terrorism financing laws of Australia. The investigation has been announced by AUSTRAC – the Australian Transaction Reports and Analysis Centre – as part of an “extensive supervisory campaign covering the whole corporate bookmaking sector”. AUSTRAC provided no specific details as to why it …

Successfully completing the demerger of its Lotteries and Keno business from the Wagering and Media unit, Tabcorp has provided an update on wider commercial success throughout the 2021/22 financial year (FY22). In its financial statement to the ASX, Australia’s largest betting and gaming enterprise reported revenues from both divisions separately, listing Lotteries and Keno as ‘discontinued operations’. Income for Wagering …

Several offshore gambling and affiliate marketing websites have been blocked by the Australian Communications and Media Authority (ACMA). The authority detailed that it had requested internet service providers (ISPs) to block websites such as Casino Moons, Winnerama, Extra Vegas, Win Paradise, LegitGamblingSites.com and Gamblers Lab. After investigating the sites, the ACMA concluded that the sites were operating in breach of …

Australian sports betting tech supplier BetMakers has made amendments to a partnership between its OM Apps subsidiary and the soon-to-be-launched NTD wagering venture.  This will see the annual cap payable by NTD to OM Apps increased by an incremental AUS$2m per annum during the initial 10 year term, and any additional extended term beyond this.  As a result, the maximum …

PointsBet experienced positive trading across the Australian, US and Canadian betting markets throughout 2022, although finding minimal success in the latter. As detailed in its financial results for Q4 and FY 2022, the ASX-registered enterprise saw its sports betting turnover increase by 32% from $.78bn in 2021 to $5bn, with a gross profit of $497.8m – a 41% rise on …

As North American betting stakeholders continue to expand their operations across the states and provinces of the US and Canada, many are looking to the established markets of Europe for guidance and support. This has included US-facing PointsBet, which recently announced the opening of a Dublin tech hub off the back of its acquisition of Banach Technologies. For the company’s …

Australian sports betting solutions supplier BetMakers has detailed a successful close to its 2022 financial year trading, as group revenue grew 370% year-on-year.  The firm, listed on the ASX stock exchange, achieved revenue of $91.6m for the full year, finishing June with a cash balance of AUS$87.6m and Q4 revenue ‘in excess’ of $100m. Additionally, in the final quarter BetMakers …

GTG Network will serve as lead data and content provider for NTD PTY – the deep-pocketed venture spearheading the launch of Australia’s next mass-market sportsbook.  Backed by Tekkorp Capital, the VC fund of igaming figureheads Matt Davey and Robin Chhabra, NTD PTY will launch its sportsbook platform later this year, aiming to disrupt Australia’s sports betting marketplace.   Yet to announce …

Entain Australia is developing a media arm, as reported by The Sydney Morning Herald, which will manage a suite of online television channels. The newspaper reported today that Entain has created four online horse and greyhound racing channels and is producing both written and video content – the latter in the form of documentaries.  One of the documentaries will focus …

XB Net has signed a distribution agreement with Betindiaraces.com, covering Australian and US horse racing content for the Indian market.  The company will distribute live pictures and pool wagering services from Australian and North American racetracks to Beetindiaraces – powered by Sportswin Software – through the deal, which was licensed via the Royal Calcutta Turf Club.  Australian racing covered by …