Tag Archives: australia

GTG Network to power NTD PTY Australian launch 

SBC News GTG Network to power NTD PTY Australian launch 

GTG Network will serve as lead data and content provider for NTD PTY – the deep-pocketed venture spearheading the launch of Australia’s next mass-market sportsbook.  Backed by Tekkorp Capital, the VC fund of igaming figureheads Matt Davey and Robin Chhabra, NTD PTY will launch its sportsbook platform later this year, aiming to disrupt Australia’s sports betting marketplace.   Yet to announce …

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ACMA nears launch of BetStop across all Australian states

SBC News ACMA nears launch of BetStop across all Australian states

The Australian Communications and Media Authority (ACMA) has announced major progress on the development and launch of a national self-exclusion registry for Australian gambling.  The launch of a self-exclusion registry was announced last June, as a headline initiative of the ACMA’s 2022 roadmap to provide new safeguards for consumer protections for Australia’s digital and telecoms sectors.   Authorised as a federal …

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NSW levels Australia POCT wagering tax at 15% across all states

SBC News NSW levels Australia POCT wagering tax at 15% across all states

Publishing its 2022/2023 state budget, the Treasury of New South Wales (NSW) has confirmed a 5% increase in the Point of Consumption Tax (POCT) related to wagering services.  As of July 2022, NSW will demand that all state-licensed bookmakers pay a POCT rate of 15% applied to all sports betting wagers (online and land-based). NSW introduced a 10% POCT wagering …

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Flutter brands FanDuel its hyper-growth child as costly UK headwinds mount   

SBC News Flutter brands FanDuel its hyper-growth child as costly UK headwinds mount   

Flutter Entertainment Plc has secured a ‘positive start to year trading’ as the FTSE100 betting group expands its recreational player base to ‘+8.8 million active monthly players (AMPS)’ across its global brand portfolio mitigating UK and Euro market headwinds.  Publishing its Q1 trading update (period ending 31 March), Flutter registered group revenues of £1.56 billion, up 6% on comparative Q1 …

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Tabcorp secures approval to spin-off Tatts lottery business

SBC News Tabcorp secures approval to spin-off Tatts lottery business

Directors of the Australian lottery, gaming and wagering corporation Tabcorp have ‘unanimously recommended’ that shareholders vote in favour of the proposals to demerge its Tatts lottery and keno operations from its gaming and wagering business. Publishing its ‘Demerger of The Lottery Corporation – Briefing Presentation’, the firm detailed the proposed new business structure which would see Tabcorp separate into two ASX-listed …

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DCMS allows Premier League to settle UK broadcast rights unchallenged

SBC News DCMS allows Premier League to settle UK broadcast rights unchallenged

DCMS will allow the Premier League to renew its current broadcast agreements, without the mandatory requirement of undertaking a tender process for rights. The decision has been granted by DCMS to guarantee that funding remains consistent across all levels of the football pyramid, as the Premier League serves as the main benefactor of youth development, grassroots football academy and community …

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Playtech stands by Aristocrat deal as Gopher eyes bidding war

SBC News Playtech stands by Aristocrat deal as Gopher eyes bidding war

Playtech Plc has responded to media speculation regarding a counterbid that existing shareholder Gopher Investments will table to take control of the FTSE250 gambling technology group. This Sunday, Sky News reported that Gopher – a Hong Kong-based investment vehicle that maintains a 5% shareholding in Playtech – will launch an expected £3 billion counteroffer, triggering a bidding war against ASX …

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ASX eyes placed on Racing and Sports PTY $69m listing

SBC News ASX eyes placed on Racing and Sports PTY $69m listing

Racing and Sports PTY wants to become betting’s next data and media goliath, joining the high ranks of Sportradar, Genius Sports, Stats Perform and IMG Arena.  The Canberra upstart, which is eagerly awaiting its ASX Exchange listing later this month, is targeting an AUS $69 million (€45m) market capitalisation to accelerate its expansion beyond Australian shores.      Publishing its ASX prospectus, …

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Racing and Sports PTY upsizes IPO as Entain backs ASX enterprise

SBC News Racing and Sports PTY upsizes IPO as Entain backs ASX enterprise

Entain Plc is reported to be backing the upcoming ASX IPO of Racing and Sports PTY – the dedicated premium data, content and media supplier for Australian horseracing.  Sydney-based investment fund Ord Minnett confirmed that Racing and Sports would be elevating its target IPO raise to AUS $29 million (€19m) in order ‘to accommodate a cornerstone investment by Entain’. Though …

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SIS backs Australia’s RACELAB GLOBAL with significant investment

SIS backs Australia’s RACELAB Global with significant investment

SIS (Sports Information Services) will expand both its international and digital presence after making a significant investment in RACELAB GLOBAL, an Australian racing data science company. As a result of the investment, SIS will gain access to RACELAB GLOBAL’s proprietary technologies, including the supplier’s live PRO FORM informatics and ODDS ENGINE technology suite. Richard Ames, SIS CEO and new Chair …

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