Tabcorp Holdings will proceed with its intentions to demerge its Lotteries & Keno and Wagering & Gaming units with the objective of ‘creating two market leading companies’, following the completion of its ‘comprehensive strategic review’. Approved by company Chairman Steven Gregg and the company’s new board of directors, Tabcorp believes that the unit divestments will deliver Tabcorp investors their long-awaited …
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Australia’s sports betting incumbents will be closely monitoring the interim results of Entain Plc, published on Thursday 8 July, to see if the FTSE100 gambling group increases its offer to acquire Tabcorp Holdings’ TAB wagering unit. First off the mark, last February Entain launched its initial AUS $3 billion (€2bn) offer to acquire TAB’s wagering and media divisions – an …
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This weekend, Styrian Grand Prix will feature Entain Plc’s PartyCasino and PartyPoker brands to promote their ‘staying in control’ campaigns with F1 partner McLaren Racing. The campaign will be fronted by ‘Time to Pit’, a short movie featuring McLaren driver Daniel Ricciardo, relaying the important safer gambling advice of knowing ‘your personal limits and staying in control’. The Styrian GP …
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The Australian Communications and Media Authority (ACMA) has enlisted Engine, developer of the UK’s GAMSTOP exclusion service, to launch Australia’s first nationwide gambling blocking system. Engine Australia will develop the National Self-Exclusion Register for the ACMA, allowing customers to leverage a single process to self-exclude from all licensed interactive betting operators. Self-exclusion can range from anywhere between three months to …
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Jason Spiller, owner of New Zealand-based esports team Dire Wolves, explains why corporate partners such as Neosurf should not be seen as just financial sponsors, but more as responsible contributors to the whole esports ecosystem. Given that nearly two thirds of New Zealand parents use gaming to supplement their childrens’ education, as revealed in the 2020 Digital New Zealand Report, …
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BetMakers has become the latest suitor to show its hand in the pursuit to acquire Tabcorp Holdings TAB wagering and media unit. The ASX-listed racing and wagering systems provider submitted its deal proposal, which values Tabcorp wagering assets at AUS $4 billion (€2.5bn). Wooing Tabcorp shareholders, BetMakers stated that it had proposed the most compelling acquisition for TAB, whose customer …
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The Board of the Alliance for Gambling Reform, one of the most prominent responsible gambling awareness organisations in Australia, has appointed Gordon Ramsay as its new CEO. Prior to joining the Alliance, Ramsay championed a gambling reform agenda as Attorney General of the Australian Capital Territory (ACT) between 2016 and 2020, resulting in a 20% reduction in poker machines – …
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Sportardar has made its third commercial takeover of 2021 by acquiring InteractSport, which will allow the supplier to strengthen its data and content offering across Oceania and Asia. InteractSport is an official partner of Cricket Australia, and also provides services to the England and Wales Cricket Board (ECB) – which will allow Sportradar to grow its presence across these markets, as …
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Suicide Prevention Australia has submitted its response to the Federal Government’s review of online gambling, stating that “stricter regulation of the gambling sector is required across all Australian states”. Canberra’s Government has commissioned a ‘Senate Standing Committee’ to review and draft new federal amendments to update Australia’s ‘Interactive Gambling Act’ of 2001. The committee has agreed that it will propose …
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US private equity fund Apollo Global has entered the pursuit of Australia’s highly prized TAB by tabling an initial AUS $4 billion (€2.5bn) offer to acquire the Tabcorp Holdings wagering unit. Apollo’s bid sees the US fund target taking control of Tabcorp’s wagering and media division and its further related ‘pokies’ machine subsidiary unit. A secondary offer of AUS 3.5 …
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