Entain Plc has emerged as the first suitor to disclose its interest in acquiring Tabcorp Holdings’ TAB racing and sports betting unit, tabling an AUS $3 billion (£1.9 bn) all-cash offer to take control of the underperforming business. The FTSE100 firm’s cash offer represents, it said, the ‘market valuation’ placed by ASX analysts on Tabcorp’s wagering unit. The Australian Financial …
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Australia’s Senet launches new CSR accreditation
Senet – an Australian gambling law, regulatory, and compliance advisory – has released a new compliance accreditation to protect individuals from the risks associated with problem gambling and money laundering. Known as Senet Assure and Senet Assure Premium, the accreditation has been designed to safeguard gaming organisations and venues, their customers, and their communities. Paul Newson, a regulatory and gambling …
Read More »TAB chasing pack must clear regulatory hurdles
Suitors pursuing a break-up of Tabcorp Holdings’ wagering and media assets will have to clear a number of regulatory hurdles in order to complete a deal. As further parties declare their interests in bidding to acquire TAB, the Australian Competition and Consumer Commission (ACCC) has stated that it is ‘monitoring developments closely’ in a situation that will likely change the …
Read More »Cellxpert a ‘natural fit’ for The Lottery Office affiliate programme
Operating under The Lottery Office brand, Global Players Network will enhance its affiliate experience through the launch of a new affiliate programme running off the Cellxpert platform. Through the new programme, The Lottery Office affiliates will be able to utilise ‘a range of business models’ that suit their individual needs and marketing strategies. “We are pleased to be working with …
Read More »Hot pursuit is on for Tabcorp shake-up
The board of Tabcorp Holdings is reportedly reviewing a number of individual offers and options from companies looking to acquire its TAB wagering and media units. Grabbing yesterday’s business headlines, FTSE100 Entain Plc revealed its interest to acquire TAB units and merge the heritage betting brand with its active Australian market portfolio. Despite its public announcement, Entain chose not to …
Read More »Entain pursues Tabcorp’s floundering wagering units
Entain Plc has this morning issued a short statement confirming Australian media speculation that it has made a formal approach to acquire Tabcorp Holdings‘ ‘wagering and media’ assets. The FTSE100 betting group said that ‘discussions were at an early stage’ and chose not to disclose any information with regards to its valuation of Tabcorp’s sports betting assets. Entain stated that …
Read More »SIS takes greyhound content down under with Sportsbet deal
Sportsbet will strengthen its coverage of UK and Irish greyhound content after signing a new agreement with Sports Information Services (SIS). The operator’s new greyhound offering will consist of up to 53 meetings per week from British tracks including Central Park, Crayford, Doncaster, Harlow, Henlow, Hove, Monmore, Romford, and Towcester as well as Irish action from Cork, Kilkenny, Limerick, Mullingar, …
Read More »ESIC hands out 35 more bans following integrity investigation
A group of Australian esports players have been issued bans by the Esports Integrity Commission (ESIC) as part of an ongoing investigation into betting-related offences. The 35 individuals face competitive bans of between 12 and 60 months, issued in accordance with a ‘tiered matrix’ which analyses the severity of each individual violation. The bans apply to all ESIC member esports …
Read More »Kambi powers RWWA sportsbook upgrade
Racing and Wagering Western Australia (RWWA) will carry out an upgrade to its retail and online sportsbook offering after signing a long-term partnership with Kambi Group. Through the partnership, RWWA will leverage Kambi’s technology to upgrade its current sportsbook offering across its shops and TABtouch online website. Kristian Nylén, Kambi CEO, said: “This is an important strategic partnership for Kambi. …
Read More »Australia forms Advisory Council to oversee new sports integrity unit
The government of Australia has revealed the nine counsellors forming the ‘Sport Integrity Australia Advisory Council’ – a new body formed to provide oversight and guidance on integrity matters impacting all levels of Australian sports. The development of an ‘Advisory Council’ was approved as a measure of Australia’s revamped ‘Sports Integrity Act’ which was amended last year to strengthen Australian …
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