Oceania

Oceanic news – Australia and nearby countries

Tabcorp to bid for Melbourne Cup domestic and global media rights 

SBC News Tabcorp to bid for Melbourne Cup domestic and global media rights 

Tabcorp is planning a +AUS $100m (€61.m) bid to become the Melbourne Cup broadcast rights holder, the marquee fixture of Australia’s Spring Carnival.  The ASX betting group is reported to be in negotiations with Victoria Racing Club, in which it seeks to become the ‘local and global’ distributor for the “race that stops the nation”. Held every November, the Melbourne …

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NeoGames to join Aristocrat portfolio as takeover terms agreed

NeoGames to join Aristocrat portfolio as takeover terms agreed

NeoGames SA has announced that it has reached an agreement with Aristocrat Entertainment which will see the latter acquire the B2B betting and gaming solutions provider. Due to be conducted at a price of £29.50 per NeoGames share, the business combination agreement values the NASDAQ-listed company at $1.2bn, and represents a 104% premium over the volume weighted average price of …

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BetMakers takes stateside leap as MonmouthBets goes to market

BetMakers takes stateside leap as MonmouthBets goes to market

Australia-based betting technology firm BetMakers Technology Group has completed a major milestone in North America, supporting the launch of MonmouthBets. MonmouthBets will accept wagers from New Jersey’s Monmouth Park from 13 May onward, building on BetMakers’ launch of retail fixed odds horse racing at the track in 2022. The product, regulated by the New Jersey Division of Gaming Enforcement, marks …

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PandaScore teams with Ladbrokes Australia to rollout BetBuilder

SBC News PandaScore teams with Ladbrokes Australia to rollout BetBuilder

PandaScore has announced that it’s BetBuilder offering is now live with long-time partner Ladbrokes Australia, which is part of the sports betting group Entain. Through the partnership, Ladbrokes Australia will be able to offer ‘catered’ and ‘more engaging’ betting opportunities for one of the biggest betting events on the Counter-Strike calendar, as well as for each individual esport.  Ladbrokes Australia …

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Tabcorp enlists Mindway AI to improve customer intervention 

tabcorp

Tabcorp Holdings has announced a partnership with Mindway AI to enhance its responsible gambling capabilities using AI technology.  Through the collaboration, Tabcorp aims to improve its customer protection and assist with problem gambling at an earlier stage. Mindway AI, which has already implemented customer care software in 20 countries and has 6.5 million active users worldwide per month, will be …

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Flutter finds its ‘global edge’ amid regulatory and business changes

SBC News Flutter finds its ‘global edge’ amid regulatory and business changes

Flutter Entertainment has ‘got its mojo back’ in the UK and Ireland, according to Group CEO Peter Jackson, who addressed investors alongside the firm’s newly appointed Chief Financial Officer (CFO) this morning. Following the group’s Q1 2023 trading update, Jackson, along with Paul Edgecliffe-Johnson, provided a breakdown of the group’s market performance across a range of international jurisdictions. A leading …

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ACMA issues Entain max penalty for illegal online bets on LIV tournament

SBC News ACMA issues Entain max penalty for illegal online bets on LIV tournament

Entain has been asked to pay an infringement notice of AU$13,320 by the Australian Communications and Media Authority (ACMA) after offering online in-play betting to customers. Through its two Australian sportsbook brands, Ladbrokes and Neds, the operator offered bets on an LIV golf tournament held in Bangkok in October 2022, accepting a total of 78 in-play bets online, which were …

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Rivalry invests CA$10m in product development after clearing 2022 goals

Rivalry

Rivalry has updated its investors on 2023 ambitions and strategy, having recorded continued financial momentum in its Q4 and full-year 2022 trading results. Gen Z driving full-year growth The company, based in Toronto and active in the Canadian and Australian betting and gaming markets, outlined full-year revenue of CA$26.6m (2021: CA$11m), up 140% on the year prior. This was accompanied …

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NSW regulator hits Betr with record AU$210k fine for launch marketing

NSW regulator hits Betr with record AU$210k fine for launch marketing

Australian sports betting start-up Betr has found itself navigating choppy regulatory waters in New South Wales (NSW), as the state’s gambling authority handed it an AS$210,000 fine. Liquor & Gaming NSW issued the firm 14 penalty infringements for marketing to promote its launch in October 2022,  specifically for advertising 100/1 and 20/1 odds on major sports events in newspapers, on …

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Tabcorp singles out ‘foreign bookies’ Entain and Sportsbet to Australian MPs

Tabcorp singles out ‘foreign bookies’ Entain and Sportsbet to Australian MPs

The coverage and impact of Australian bookmaker campaigns continues to be under the spotlight as part of an ongoing parliamentary inquiry into the industry’s societal impact. In a session beginning on 4 April at 8:30am AEST (10:30pm GMT, 3 April), legislators heard submissions from four operators, two sports leagues, government departments, and two trade associations, including Responsible Wagering Australia (RWA). …

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