Oceania

Australian gambling market concerns published by the Australian Competition and Consumer Commission (ACCC) regarding the planned AUS $11 billion merger of gambling giants Tabcorp Holdings and Tatts Group has led to a restructure of assets in order for stakeholders to gain ‘final merger approval’. Issuing a 38-page report, the ACCC has detailed that the combining of Tabcorp and Tatts assets …

Betfair Australia will optimise its football related content utilising Football Form Labs (operated by Bettorlogic) software, entering a partnership to engage its sports betting traffic with related football markets. Confirming the partnership, the Football Form Labs (footballformlabs.com) team will provide   editorial previews for every Premier League fixture which wiil be hosted on Betfair Australia’s ‘The Hub’ forum. Football Form Labs content …

Today marks the first day of Trevor Croker’s reign as Chief Executive of Australia ASX-listed Aristocrat Gaming, taking over from long-term incumbent Jamie Odell (2008-2016), who announced his departure as the firm’s leader last November. Being officially appointed CEO at Aristocrats Annual General Meeting, Croker stated to investors that he would priorities ‘shareholder growth and product renewal’ as new leader …

The Australian Transaction Reports & Analysis Centre (AUSTRAC) has issued Tabcorp Holdings its biggest ever fine of AUS $45 million (£27 million) for ‘extensive breaches’ of national anti-money laundering rules and compliance standards. The fine has been forwarded to the Australian Federal Court for final approval, against Tabcorp NSW and Victoria enterprises which failed in to register AUSTRAC of multiple …

The Australian betting market has entered a ‘turf war’ following a ‘digital wagering services’ agreement between James Packer’s Crownbet and Clubs NSW. Following an industry tender, Crownbet won the contract to provide interactive wagering services for circa 1,200 syndicated Clubs NSW venues, in a deal that Australian business commentators have valued at AUS $300 million. Clubs NSW governance claims that …

FTSE-listed Playtech Plc continues its industry M&A strategy confirming the acquisition of specialist ‘soft games’ developer Eyecon for a maximum consideration of £50 million. Playtech will pay an upfront cash fee of £25 million for its acquisition of Brisbane-based Eyecon assets. The technology firm has added a further £25 million in performance-based targets once the initial acquisition is complete. Detailing …

A successful Spring Racing Carnival has seen Australia ASX-listed betting and fantasy sports operator TopBetta Holdings (TopBetta) report corporate wagering of AUS $14.5 million (£8.5 million) up 21% quarter on quarter.  Issuing a corporate update, TopBetta revealed that the company had seen an all-time 61% high in active player numbers during Q4 2016 (period ending 31 December). TopBetta governance pointed …

Australian gambling giant Tabcorp Holdings has labelled Sun Bets, its strategic joint-venture with News UK, as the biggest international commercial initiative undertaken in the firm’s history. Officially launched last August, the Sun Bets brand aims to compete against UK legacy operators within the ultra-saturated UK online betting sector, a marketplace estimated to be three times the size of Tabcorp’s Australian …

Novak Djokovic’s surprise five-set defeat to Denis Istomin in the second round of the Australian Open has opened the door for Andy Murray to claim a first title in Melbourne. The five-time beaten finalist and world number one is now odds on with the bookmakers to lift the trophy in the Rod Laver Arena on 29 January. However, it is …

Ahead of the GamCrowd Pitch ICE competition for start-ups at ICE next month we got to thinking about crowdfunding in igaming.  Companies from the world of igaming such as Football Index and Premier Punt have run successful campaigns in the past year. In fact, both of these overfunded on Seedrs. With this avenue for generating capital becoming ever more popular …