Oceania

Tatts Group marks UBET future expansion for retail betting performance overhaul

Tatts Group CEO Robbie Cooke, has outlined that the unifying UBET brand and operations, will be the key driver of Tatts Group future corporate growth. Presenting 2014/2015 year end results (period ending 30 June), Tatts group posted net profits of AUS $252 million (£117 million) up 25% on the corresponding years performance of AUS $200.4 million. Driven by record sales …

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Australian FCA urges for ban on bookmaker credit lines

South Australian Senator Nick Xenephon wants Australia’s financial authorities to ban g credit lines facilities being offered to national consumers. A new report released on Monday calls for a blanket ban on online betting companies extending credit to gamblers, including accepting credit cards as a form of payment. The senator supported by the Australian Financial Counselling (FCA) has warned government bodies that …

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Ladbrokes Australia boosts racing inventory with Racing Victoria streaming partnership

Ladbrokes Australia has confirmed that it will integrate Racing Victoria broadcast services, as it looks to enhance its Australian racing inventory in the coming months. The bookmaker has agreed a multi-year content agreement to allow Racing Victoria meetings to be live streamed to active account holders on Ladbrokes Australia betting platform and on subsidiary brands BetStar and Bookmaker.com.au. Ladbrokes becomes …

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Crown Resorts enters Social Gambling space with $27.5 million DGN Games acquisition

Australian gambling and leisure operator Crown Resorts has announced that it has acquired a 60% stake in Austin (Texas) based social gambling/games developer DGN Games LLC for a sum of US $27.5 million (£17.5 million). Crown Resorts becomes the latest land based operator to invest in the Social gambling sector, following last year’s $885 million (£560 million) acquisition of Big …

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Ladbrokes Australia launches ‘Cash-In’ with over 1000 newsagents

Ladbrokes Australia has announced the launch of its ‘Cash-In’ network which will allow customers to instantly deposit money into their player accounts at over 1000 participating kiosks and newsagents. The Ladbrokes ‘Cash-In’ network will utilise the Nparcel payment system, which will allow customers to make direct deposits ‘over the counter’ using online payment codes or via pre-paid gift-cards. The operator …

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Packer steps down as Chairman of Crown Resorts

Following numerous quarters of consecutive performance declines, billionaire James Packer has confirmed that he will step down as Crown Resorts Executive Chairman. As majority shareholder in the business, Packer will be transferred to a senior executive placement within the casino operator’s governance. Packer will further maintain his Co-Chairman position of subsidiary Melco Crown Entertainment Asia. Packer will be replaced as …

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Tabcorp aims for digital expansion following out-performance of corporate forecasts

Governance of Australian gambling operator Tabcorp were delighted to announce that the company had beaten market forecasts for its 2014 performance (year ending 30 June). Tabcorp would post 2014 full year net profits of $171 million up 14% on 2013’s 149 million. Tabcorp would record a performance uplift on all key top-line metrics, as the operator posted a 6% rise …

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Back On Air! Tabcorp & Racing Victoria agree broadcast terms

Australian betting operator Tabcorp has announced that it has ended its broadcast stand-off with race track operator Racing Victoria, following months of deadlock negotiations regarding distribution rights. Both Racing Victoria and Tabcorp governance have agreed terms for Victoria race fixtures to be broadcast on Sky Racing 1 network. The broadcast will bring a much needed boost to Racing Victoria and Tabcorp …

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William Hill cites tax increases for £21m drop in profits

William Hill CEO James Henderson has described the past six months as a period of ‘significant regulatory and taxation change for the industry’ as the bookmaker reported a 30% drop in profits after tax to £69.5m. Despite group net revenue marginally growing, even against 2014 World Cup comparatives, operating profit dropped 12% to £155.7m for the first half. Group net …

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William Hill announces ‘Australian Sports Book of the Year Prize’

William Hill has extended its coveted Sports Book of the Year competition to Australia by providing an AUS $20,000 (£10,000) prize for the winning author. Held since 1989, the William Hill Sports Book of the Year is regarded as the UK’s top award for sports literature. Notable winners include Nick Hornby (Fever Pitch), Paul Kimmage (Rough Ride: An Insight into …

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