Oceania

Focusing on the Gen Z and millennial demographic was going smoothly and without a hitch for Rivalry until Q2 this year, when the firm revealed that its margin had been negatively impacted by some behavioural changes among this audience.  Despite this, CEO and Co-Founder Steven Salz explained to SBC following its Q2 earnings call that the group would continue doing …

The Victorian Gambling and Casino Control Commission (VGCCC) has completed a three-year investigation into Tabcorp, issuing the firm a fine of AUS$1m (€6m). Tabcorp, the largest gaming company in Australia and one of the market leaders in sports betting via its TAB brand, was charged with failing to comply with VGCCC directives to provide information during an outage. The ASX-listed …

BetMakers has notified investors that it expects to “normalise its operating cost base” by the end of full-year 2024 trading. The objective was outlined in the concluding statement of the ASX wagering technology group’s FY2022/2023 investor update, published on 30 August. Tough trading saw BetMakers miss the targets of its corporate consensus as group revenues increased by only 3.7% to …

For the marketing teams at Canadian esports betting operator Rivalry, content creation and applying lessons from the video game industry are central to its interactions with its target audience of Gen Z and millennial bettors. Billy Levy, the firm’s EVP of Corporate Development, provided a detailed snapshot into what he and fellow panellists will be discussing at the SBC Summit …

Rivalry expects to achieve profitability by H1 2024 after recording another quarter of revenue growth in Q2 2023, momentum which the firm expects to stay consistent into next year. The Canada-based firm – active in the Ontario and Australian markets, with a focus on esports – reported group-wide revenue of CAN$8.5m to its TSX investors, up 60% on corresponding Q2 …

Mark Stewart will step down as Chair of New Zealand’s national gambling operator, TAB NZ, at the end of August, with Anna Stove stepping up as his interim replacement. TAB NZ stressed that Stewart had overseen ‘two years of transformative change’ at the helm of the operator after being appointed to the role at the start of the 2021/22 financial …

Tabcorp has stated that it has achieved the year-1 objectives of its business transformation following its demerger from Tatts Group, in line with the group’s new TAB25 corporate strategy.  Publishing its 2022/2023 financial accounts, the reorganised ASX sports betting group achieved corporate revenues of AUS $2.43bn (€1.45bn). A year following its demerger from Tatts lotteries, the commercial make-up of Tabcorp …

Rivalry Corp has launched its esports same-game parlay product, allowing users to combine multiple bets within a single esports match for a higher potential payout.  The sports betting and media company has detailed that the new product feature – known as ‘Same Game Combos’ on Rivalry – is available for top League of Legends, Counter-Strike, and Dota 2 esports matches. …

BlueBet has been charged by the Victorian Gambling and Casino Control Commission (VGCCC) with violating the Australian state’s betting advertising laws. The operator, headquartered in Sydney in the neighbouring state of New South Wales (NSW), allegedly breached Victoria betting regulations by placing billboard advertisements along motorways. Victoria’s gambling regulator has charged the firm with 43 violations of state law for …

Australia has welcomed the launch of BetStop, the new ‘single point’ gambling self-exclusion scheme available across all six federal states. BetStop is operated by the Australian Communications and Media Authority (ACMA), which in 2022 was instructed to develop a federal self-exclusion scheme to protect vulnerable consumers from gambling risks better. As agreed by the gambling authorities/boards of the Capital Territory, …