Tag Archives: ABC

Paddy Power’s ASX secures €500,000 in crowdfunding

SBC News Paddy Power’s ASX secures €500,000 in crowdfunding

Paddy Power, the son of the owner of the bookmaker-of-the-same-name David Power, has raised over €500,000 in crowdfunding for his American SportZ Exchange (ASX) sports trading platform. The ASX project was founded in 2019 whilst a beta version was launched in 2020, and will function as a ‘stock market’ for sports, combining fantasy sports and financial markets, enabling fans to …

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Paddy Power targets US market with ASX trading platform plans

SBC News Paddy Power targets US market with ASX trading platform plans

Paddy Power, the son of David Power, founder of the eponymous Irish bookmaker, has announced plans to launch a ‘sports trading’ platform, American SportZ Exchange (ASX), according to the Irish Independent. ASX will operate from Ireland but target the burgeoning US sports betting market, and will be initially financially supported as a startup via a €500,000 crowdfunding campaign using the …

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Victoria to introduce lowest consumption tax in Australia

Neds - Copyright: somartin / 123RF Stock Photo

The Victorian Government is to introduce an eight per cent online point of consumption tax, which it has been stated will raise an estimated $30m per year, report Australian media outlets. Coming into force at the start of 2019, and taking a proportion of bookmakers monthly earnings, Treasurer Tim Pallas, announcing its introduction, said the tax has been designed to …

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Australian pay TV firm seeks gambling ad dispensation

Neds - Copyright: somartin / 123RF Stock Photo

Australian pay TV firm Foxtel is pushing for exemptions to its governments gambling advertisement reforms, details the Australian Broadcasting Corporation (ABC). The upcoming gambling ban, set to take effect from next month, was pushed through by the government as it promises to ban sports betting ads during the viewing hours of children. Stating that it seeks to “provide a clear …

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