Oceania

Oceanic news – Australia and nearby countries

Ladbrokes Australia becomes first TopBetta Global Tote partner

SBC News Ladbrokes Australia becomes first TopBetta Global Tote partner

Updating the market, the governance of Australia ASX-listed TopBetta Holdings (TopBetta) has announced that it has signed a ‘landmark agreement’ which will see Ladbrokes Australia become the first client of it ‘The Global Tote’ service. The partnership will see Ladbrokes Australia replace its existing tote products for TopBetta’s The Global Tote system, which enables operators to participate in international betting …

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AOC aims to arrest decline by emulating Britain’s lottery system

SBC News AOC aims to arrest decline by emulating Britain’s lottery system

Australia’s Olympic Committee (AOC) President John Coates has thrown ‘100% support’ behind calls for an A$50 million (£29.86 million) lottery to boost funding for sport in the country. The proposal comes after Australia’s disappointing 10th place finish in the medals table at Rio 2016, which continued a decline from fourth place in both Sydney (2000) and Athens (2004). Coates made …

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Analysts cool on Ladbrokes Coral interest in Tabcorp

SBC News Analysts cool on Ladbrokes Coral interest in Tabcorp

Australian ASX analysts appear to be cool on the prospects of newly formed Ladbrokes Coral Plc acquiring Tabcorp Holdings for a reported + £2 billion offer. UK business news sources reported this weekend that Ladbrokes Coral governance had asked advisers to study a potential approach for ASX-100 Tabcorp. However, Australian business analysts have questioned the logic of Ladbrokes Coral’s approach …

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Tabcorp reports flat revenues on last Melbourne Cup before merger

SBC News Tabcorp reports flat revenues on last Melbourne Cup before merger

Last week’s Melbourne Cup provided a thrilling finish when Almaddin edged out Heartbreak City at the winning post, but the amount of wagering on the day was not as exciting. According to Australian bookmaker Tabcorp, there was $141.5 million (£87.7m) wagered on the 10-race Melbourne Cup meeting at Flemington across the Tabcorp-owned NSW, Victorian and ACT TABs, which was in …

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Digital Fuel creates new entity for sports, racing and betting

SBC News Digital Fuel creates new entity for sports, racing and betting

Digital Fuel Marketing has established Digital Fuel Innovations (DFI), a new entity that will focus on content, technology, development, and products for the sports, racing and betting sector. As part of the launch, DFI will manage the relationships between Chroma Sports and wagering operators. Based in Sydney, and with offices in Melbourne, Hong Kong, London and Brighton, DFI will aim …

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Tabcorp governance faces investor pressure with regards to executive pay & merger voting process

SBC News Tabcorp governance faces investor pressure with regards to executive pay & merger voting process

Australian business news sources have reported that a number of Tabcorp investors have expressed disappointment with regards to executive compensation at the firm’s ‘annual general meeting’ (AGM). Although the majority of Tabcorp investors’ voted in favour of increasing CEO David Attenborough’s pay package, it has been reported that 22% of votes cast were against the motion, falling just short of …

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WantMyBet takes social sports betting to Australasia

SBC News WantMyBet takes social sports betting to Australasia

WantMyBet, the UK based social network for football betting, has signed a distribution deal with the Cardinal House Group to target mobile users in Asia and Oceania. The partnership is a strategic move by both companies to take advantage of the booming overseas interest in European, particularly English football which is at an all time high. The Premier League’s Director of Communications Dan Johnson said …

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Sun Bets confirmed as new All-Weather Championships sponsor

SBC News Sun Bets confirmed as new All-Weather Championships sponsor

Sun Bets, the sports betting website powered by Australian gambling giant Tabcorp, has been confirmed as the new sponsor of the Mile division in the 2016-17 All-Weather Championships. Sun Bets joins fellow Authorised Betting Partners, 32Red and Betway, as category sponsors in the competition. The 2016-17 All-Weather Championships will run from Thursday 27th October through to Finals Day at Lingfield …

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