Tag Archives: australia

Australian betting industry awaits ACT’s Tabcorp-Tatts merger decision

Australia betting/gambling industry stakeholders await the official Australian Competition Tribunal (ACT) decision with regards to the AUS $11 billion Tabcorp Holdings and Tatts Group merger (deal first announced October 2016). Throughout May, the ACT has examined heated debate and opinion with regards to the Tabcorp-Tatts combination to create the Australian gambling market’s outright leader. As the merger review enters its …

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TopBetta optimizes marketing capabilities with OtherLevels

Australia ASX-listed betting operator TopBetta has partnered with digital marketing platform provider OtherLevels in a bid to boost its customer engagement. The partnership will see TopBetta integrate OtherLevels marketing provisions, optimising performance and customer targeting across its website and mobile devices. OtherLevels’ digital marketing strategists have also been engaged to support and train TopBetta’s in-house team to implement methods to …

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Tabcorp governance told to explain unfair price plan ‘Project Alfred’

As the Australian Competition Tribunal (ACT) takes on the role of lead supervising body of the AUS $11 billion planned merger of Tabcorp Holdings and Tatts Group a number of industry stakeholders have addressed concern regarding the combination to create the Australia’s outright gambling market leader. This week, former merger review body The Australian Competition & Consumer Commission (ACCC) revealed …

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Tabcorp enters crucial week for Tatts merger

Tabcorp Holdings governance enters a crucial week for its planned AUS $11 billion merger with main market rival Tatts Group, as its takeover deal is set to be presented to the Australian Competition Tribunal (ACT). In a surprise move last March, Tabcorp governance announced that it had decided to switch the regulatory body reviewing its  Tatts merger ditching the Australia Competition …

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Australia Turnbull government implements pre-watershed sports betting ban

Australian Prime Minister Malcolm Turnbull has confirmed that his government will move to ban all gambling-related advertisements and marketing during live sports broadcasts aired before a watershed of 8:30 pm. PM Turnbull informed the media of the blanket ban pre-watershed, which is set to cover all verticals including TV, radio and Internet. Australian horse racing will be exempt from the …

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Pacific Consortium adds ‘dividends sweetener’ to Tatts offer

In a bid to outmanoeuvre Tabcorp Holdings and derail the firm’s planned AUS $11 billion merger with Tatts Group, the Pacific Consortium has offered Tatts investors a ‘deal sweetener’ should they favour their AUS $7.3 billion all-cash for Tatts assets. The joint-venture investment vehicle headed up London private equity firm Macquarie Group and New York hedge fund Kohlberg Kravis Roberts (KKR) will …

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‘Siren to Siren’…Australian government set to ban betting advertising during sports broadcasts

The Australian Newspaper has reported that Australia’s federal government will move to ban all betting/gambling advertising during sports broadcasts as early as next week. It is understood, that Communications Minister Mitch Fifeld will introduce a mandate to the government calling for a ‘siren to siren’ (start to finish) ban on all forms of gambling marketing during sports broadcasts on any …

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Pacific Consortium returns for Tatts Group acquisition with ‘all-cash’ AUS $7.3 billion bid

Pacific Consortium the joint-venture investment vehicle of London private equity firm Macquarie Group and New York fund Kohlberg Kravis Roberts (KKR) has restated its intent to acquire Australian gambling operator Tatts Group, by putting forward a AUS $7.3 billion all-cash transaction for the company. Placing a ‘last minute’ bid for Tatts assets, Pacific intends to derail the operator’s agreed AUS $11 billion …

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UK greyhound partnership bears fruit for Tabcorp & SIS

Australian gambling operator Tabcorp has stated that its strong start to the UK greyhound season has been led by its content streaming partnership with SIS. As of February, Tabcorp’s racing media arm, Sky Racing commenced broadcasting pictures across Australia from UK stadia in partnership with SIS, supplier of greyhound and racing content. Tabcorp management has been pleased with its customer …

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Australia Parliament passes amendment bill shutting down online poker & in-play services

Having today passed the ‘Gambling Amendment Bill 2016’, Australia’s federal parliament has closed a number of regulatory loopholes thus outlawing online poker and in-play sports betting. Since November 2016, the Australian Senate has been reviewing the propositions of the Amendment Bill, which sought to ‘bridge the loopholes found in the Interactive Gambling Act of 2001’. The restructuring of Australia’s gambling …

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