The Australian Senate and House of Representatives have passed new legislation which would establish a National Self-Exclusion Register for those at risk of problem gambling behaviours. Alongside the new legislation, the government has also introduced a bill which would bring in a levyt for operators which would go towards covering the costs of the new register, which is due to …
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Stars Group sanctions full buyout of BetEasy Australia
The Stars Group governance has enforced its majority rights to acquire the remaining 20% shareholding in Australian market subsidiary BetEasy. Issuing a corporate filing, Stars Group confirms that it has agreed with minority investors to purchase BetEasy’s remaining shareholding for AUS $151 million (€93m) – with governance further agreeing to settle AUS $100 million (€60m) in previous performance incentives related …
Read More »Australia to introduce self-exclusion legislation
In a bid to support the implementation of its National Consumer Protection Framework, the Australian government has confirmed that it will be introducing legislation to create a national self-exclusion register for citizens. Under the legislation, operators would be prevented from advertising and promoting betting offers and services to those registered for self-exclusion, with the register due to be implemented by …
Read More »NSW supports additional gambling research with academic grants
The New South Wales (NSW) Office of Responsible Gambling has upped its commitment to gambling research after releasing the details for new academic research grants which will ‘help build capability and capacity in gambling research.’ The funding, which will come from the Australian state’s Responsible Gambling Fund, will help support PhD scholarships, post-doctoral fellowships and study grants. It is hoped …
Read More »OpenSports hits 35,000 bets per minute high for Melbourne Cup
OpenSports hit a peak of 35,000 bets per minute for a single operator during last week’s Melbourne Cup – Australia’s most famous annual thoroughbred horse race. At peak betting times, the maximum number of bets per minute was 35 per cent higher than the previous record across 21 years of taking bets on the race. OpenSports, said parent company SG …
Read More »Tabcorp eyes unifying Australian Tote systems in 2020
Continuing its corporate transformation programme, the governance of Tabcorp Holdings has confirmed that it plans to launch a ‘single tote pool’ product for Australia. Tabcorp confirmed to The Sydney Morning Herald (SMH) its 2020 ambitions to merge all three separate tote systems into a single totalizer pool, sharing punter liquidity across all Australian states. Marked as a major project for …
Read More »Tabcorp seeks new CIO as Mandy Ross departs for academic fields
Australia ASX gambling group Tabcorp Holdings has confirmed the departure of c-level executive Mandy Ross, who has chosen to pursue a new career in academia. Ross has served as Tabcorp’s Group Chief Information Officer (CIO) since 2017 and is set to leave the company in April of next year. In its update, Tabcorp informs that Ross has chosen to join Griffith …
Read More »Tabcorp governance survives investor AGM backlash
Tabcorp Holdings governance has survived a bruising annual general meeting (AGM), in which the firm’s corporate governance and executive leadership were questioned by frustrated investors of the ASX-listed gambling group. AGM voting saw 35% of Tabcorp shareholders oppose the re-election of Paula Dwyer as corporate chairman, extending her tenure for a further two-years. Further investor upheaval saw 37% of Tabcorp …
Read More »Tabcorp boosts TAB broadcast capacity with NBA TV deal
Australian ASX gambling group Tabcorp Holdings has announced a major coup for its TAB sportsbook subsidiary, which has become the official Australia broadcast and betting operator for the NBA. Securing a multi-year agreement, TAB is set to broadcast ‘NBA TV’ across its digital platforms and 4,400 retail venues. Confirming the partnership Scott Levy, Executive VP of NBA Asia, said: “Tabcorp’s extensive …
Read More »Gambling regulators body IAGR appoints Paul Newson as new President
The International Association of Gaming Regulators (IAGR), the body which represents global regulatory stakeholders and actors advancing fair and balanced gambling legislation, has confirmed the appointment of Paul Newson as new President. IAGR confirms the appointment of Newson as its new leader, following the conclusion of its annual conference held in Jamaica from 30 September to 3 October, which attracted …
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