Tag Archives: australia

Flutter Entertainment leadership remains confident in the group’s Australian prospects despite a slowdown in trading from the country during Q3, as outlined by CEO Peter Jackson and CFO Paul Edgeliffe-Johnson. The leadership duo addressed investors and analysts this morning after the group’s Q3 earnings call, which revealed an overall group-wide revenue increase of 8% to £2bn (Q3 2023: £1.9bn) whilst …

The New South Wales (NSW) government has planned a series of responsible gambling events and initiatives to mark the state’s Safer Gambling Week, which concludes on 22 October. Backed by a AUD$100m investment, Safer Gambling Week will see 45 events held across NSW including showcases, roundtables, information sessions, workshops and community drop-in events, whilst information stalls will also be set …

Responsible Wagering Australia (RWA) member bookmakers are preparing themselves for NSW GambleAware Week, centred around the theme ‘What’s gambling costing you?’. The trade association and industry standards body, which includes prominent licence holders bet365, Betfair, Entain, Sportsbet, PointsBet and Unibet as members, encouraged ‘all Australians to join in supporting this worthwhile initiative’. However, the RWA also reiterated long-held concerns by …

Pubs and clubs in New South Wales (NSW) are overwhelmingly complying with new regulations around public advertising, according to the state regulator. State-wide reforms to betting regulation have imposed a range of new rules for the local industry from 1 September onwards, including a requirement for all alcohol-serving venues to remove external gambling signage.  A Liquor and Gaming New South …

The state of Victoria is on track to introduce some of Australia’s most extensive player protection laws under a new legislation proposed by the government, the Gambling Legislation Amendment Bill 2023. Drafted and sent to parliament by state Minister for Casino, Gaming and Liquor Regulation, Melissa Horne, of the governing Labor Party, the Bill proposes new measures for both sports …

Tabcorp along with eight venues have been charged by the Victorian Gambling and Casino Control Commission (VGCCC) for allegedly allowing minors to gamble. In breach of the Gambling Regulation Act 2003, Tabcorp faces a total of 54 charges from the VGCCC, including 27 counts of allowing a minor to gamble and failing to reasonably supervise its electronic betting terminals. The VGCCC has charged eight …

The Australian government’s hands-on approach to betting regulation continued this week as the Anthony Albanese administration introduced new legislation to parliament. Payments are under the spotlight in the government’s latest betting crackdown, specifically credit card transactions and the use of digital currencies – it can be assumed the government is targeting crypto under this definition – for online betting. To …

Focusing on the Gen Z and millennial demographic was going smoothly and without a hitch for Rivalry until Q2 this year, when the firm revealed that its margin had been negatively impacted by some behavioural changes among this audience.  Despite this, CEO and Co-Founder Steven Salz explained to SBC following its Q2 earnings call that the group would continue doing …

The Victorian Gambling and Casino Control Commission (VGCCC) has completed a three-year investigation into Tabcorp, issuing the firm a fine of AUS$1m (€6m). Tabcorp, the largest gaming company in Australia and one of the market leaders in sports betting via its TAB brand, was charged with failing to comply with VGCCC directives to provide information during an outage. The ASX-listed …

BetMakers has notified investors that it expects to “normalise its operating cost base” by the end of full-year 2024 trading. The objective was outlined in the concluding statement of the ASX wagering technology group’s FY2022/2023 investor update, published on 30 August. Tough trading saw BetMakers miss the targets of its corporate consensus as group revenues increased by only 3.7% to …