Tag Archives: australia

Kindred lauds its ‘strict discipline’ delivering record growth

Kindred Group Plc has continued its run of delivering consecutive ‘all-time high’ quarter performances, with the group praising its scalable business model and operating discipline. Publishing its full-year 2020 results, the Stockholm-listed online gambling group achieved a record performance in customer activity, breaking the 1.75 million active player mark across its brand portfolio. High customer activity saw Kindred record all-time-high …

Read More »

TAB chasing pack must clear regulatory hurdles

Suitors pursuing a break-up of Tabcorp Holdings’ wagering and media assets will have to clear a number of regulatory hurdles in order to complete a deal. As further parties declare their interests in bidding to acquire TAB, the Australian Competition and Consumer Commission (ACCC) has stated that it is ‘monitoring developments closely’ in a situation that will likely change the …

Read More »

Entain pursues Tabcorp’s floundering wagering units

Entain Plc has this morning issued a short statement confirming Australian media speculation that it has made a formal approach to acquire Tabcorp Holdings‘ ‘wagering and media’ assets.  The FTSE100 betting group said that ‘discussions were at an early stage’ and chose not to disclose any information with regards to its valuation of Tabcorp’s sports betting assets.  Entain stated that …

Read More »

Google allows Play Store gambling app downloads in 15 new markets

Google has updated its ‘Play Store’ developer terms and conditions, announcing that it will allow real-money app downloads for a further 15 countries. Since 2017, Google has allowed its Play Store platform to process unrestricted real money app downloads for the markets of UK, France and Ireland, whilst allowing Brazilian users to download state-licensed lottery and horseracing wagering apps.  Offering …

Read More »

January to February 2020 in Review: New year sees betting accept its new duties

SBC recounts the events of an unprecedented and relentless 2020, an unforgettable year that has disrupted all betting components and relationships… SBC – Spain cracks the whip as betting leadership accepts wider responsibility remits European online gambling leadership was given no grace period to ease into a new decade of regulatory complexities, as a newly formed Spanish coalition government signed …

Read More »

Sportradar nets broadcast rights and integrity deal with Australia’s NBL

Sportradar nets broadcast rights and integrity deal with Australia’s NBL

Sportradar has been named as the international media distributor and OTT partner, as well as an official integrity partner, for Australia’s Hungry Jack’s National Basketball League (NBL). Through the agreement, which will commence from 10 January 2021, Sportradar will work closely with the NBL to enhance both distribution and coverage for its media rights across broadcast and online platforms. This …

Read More »

PlayUp Australia raises $25m to begin US journey 

Sydney-based sportsbook and fantasy sports operator PlayUp has secured $25 million through the completion of an oversubscribed capital placement.  PlayUp said that it has secured the $25 million funding on terms related to a ‘non-renounceable entitlement offer’ underwritten by Investorlink Securities AFS, which the company will use to launch its US wagering proposition. Targeting expansion within the $17 billion US …

Read More »

Dwyer and Attenborough warn of Tabcorp’s civic duties as company transitions to a new era

Tabcorp Holdings Group CEO David Attenborough and Executive Chair Paula Dwyer have issued their final joint statements as the corporate leaders of the Australia ASX gambling and lotteries firm.  As previously communicated to markets, Attenborough and Dwyer will formally depart from all Tabcorp leadership and governance duties prior to the firm’s 2021 AGM. The leadership duo, who have led the …

Read More »

Flutter moves to refine merger benefits against 2020 trading realities

Flutter Entertainment Plc has accelerated all corporate directives related to its merger integration with The Stars Group Inc (TSG), but conceded that its 2020 outlook remains ‘highly uncertain’ dependent on further COVID-19 outcomes and regulatory changes across various markets.  This story featured in today’s SBC News 90. To view the latest round-up, watch today’s edition here. Publishing its 2020 interim …

Read More »

Tabcorp double burdened by covid and group impairment charges

Tabcorp Holdings has declared annual statutory operating losses of AUS $870m (€520m), as group performance was anchored by a combination of asset impairment charges and COVID-19 impacts recorded across its retail wagering portfolio.  Publishing its 2019/2020 financial results, the ASX-listed gambling group recorded a 5% decline in group revenues, falling to AUS $5.22bn (FY2018/19: $5.44bn), with the company absorbing double-digit …

Read More »