Oceania

Tabcorp bribery charges force Elmer Funke Kupper to resign as ASX CEO

Elmer Funke Kupper has announced his resignation as Chief Executive of the Australian Securities Exchange (ASX) as he faces potential allegations of bribery committed during his tenure as CEO of gambling operator Tabcorp. The Australian Federal Police are investigating bribery charges made against Tabcorp Holdings relating to a $200,000 payment made to family members of Cambodian Prime Minister Hun Sen. The …

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Favourit announces $6 million ASX listings plan

Australian based, European focussed online betting operator Favourit has announced that it plans to list a public offering on the Australian Securities Exchange (ASX listing). The listings move comes as the operator completes its takeover of ASX-placed mining firm Celsius Coal Ltd. Favourit governance detailed that the company aims to raise circa AUS $6 million (£3.2 million) on its ASX …

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James Burnett departs as CMO of Ladbrokes Australia

James Burnett Ladbrokes Australia’s inaugural Chief Marketing Officer (CMO) has confirmed that he has departed the company following three years’ service. Ladbrokes Australia has appointed media/advertising executive Simon Jarvis to replace Burnett, who told Australian marketing news sources that he would take a ‘short break’ from work. Burnett an Australian gambling veteran, who had worked in numerous marketing senior management …

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Favourit re-launches affiliate program with Income Access

Australian social focused bookmaker Favourit has announced that it will re-launch its affiliate/partnership programme with Income Access. The re-launch of its partnership programme follows the revamp of its product inventory which has seen Favourit add a new online casino with Microgaming and NetEnt content. The affiliate partnership will see Favourit integrate Income Access’ industry specific ad-serving system to optimise targeted …

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Paddy Power revenues hit €1bn before Betfair merger

Both Paddy Power and Betfair were achieving double digit growth ahead of their merger last month – Paddy Power had grown its revenues by 24% to €1.1bn in 2015, while Betfair’s final quarter as an independent company saw revenues increase by 21%. However both firms also had their figures blunted by taxation. Over 2015 Paddy Power’s operating profit increased 10% …

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Ladbrokes secures Gold Coast Titans sponsorship deal

The Gold Coast Titans have announced a major sponsorship deal with UK-based betting agency, Ladbrokes, in time for the new Australian National Rugby League (NRL) season. The Ladbrokes logo will be in place, on the Titan’s sleeves and lower back, during the 2016 Telstra Premiership, which begins this Sunday against the Newcastle Knights at the Cbus Super Stadium. Ladbrokes entered …

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Ladbrokes Australia adds Odds Boost Betting Function

Ladbrokes Australia has announced the release of its latest innovation; the Odds Boost betting function. Odds Boost allows Ladbrokes customers to select any runner in any event across thoroughbred, greyhound and harness racing and increase the potential windfall by clicking the button located on the betting slip section. The function is available to customers across platforms and will reset at midnight each day ensuring …

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AFL’s Tigers step away from sports betting sponsorship

Australian Football League (AFL) club Richmond has entered into a partnership with the Victorian Responsible Gaming Foundation, with a deal that precludes the Australian rules club from having sports betting sponsors. As reported in iGaming Business, the agreement will run for three seasons, from 2016 to 2018. Richmond, also known as the Tigers, will sign the Responsible Gambling Charter and …

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Australia Racing Minister seeks speedy sale of state-owned TAB

Australian news sources have reported that Racing & Gaming Minister Colin Holt is seeking to privatise the Western Australia TAB network (WA TAB), which represents the country’s last state-owned betting agency. Holt is reported to be seeking a AUS $1 billion sale for the state asset, with the Racing Representative Group set to present its auction plans to WA regulators. …

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Tabcorp extends NSW Keno licence until 2050 with AUS $25 million payment

Australian gambling operator Tabcorp has confirmed that it will make an upfront payment of AUS $25 million (£12.2 million) to the New South Wales (NSW) government for its extension of Keno gaming services. The NSW licence, will see Tabcorp extend it Keno provisions services until 2050. The operator is expected to pay an additional Aus $3 million in yearly licence …

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