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
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 …
Read More »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 …
Read More »New Lightning Box Games slot gets exclusive launch on Betsson
Viking Fire has been launched exclusively on Betsson for a two-week period, before it is released to the general market on November 30. The latest release from Lightning Box Games is a 4×5-reel, 40-line slot game, available on both desktop and mobile. Players with shields and helmets catapult rocks at enemy ships to earn up to four extra wilds and …
Read More »Champion jockey McDonald faces betting charges in Australia
James McDonald, a champion jockey in Sydney, has been charged with betting on the horse that he rode to victory on his debut. Racing New South Wales (NSW) stewards have interviewed the Godolphin’s retained rider over the betting activity on Astern ahead of his race win at Randwick in December of last year. A late flurry of money saw Astern’s …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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 …
Read More »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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