Tag Archives: australia

The Australian Transaction Reports & Analysis Centre (AUSTRAC) has issued Tabcorp Holdings its biggest ever fine of AUS $45 million (£27 million) for ‘extensive breaches’ of national anti-money laundering rules and compliance standards. The fine has been forwarded to the Australian Federal Court for final approval, against Tabcorp NSW and Victoria enterprises which failed in to register AUSTRAC of multiple …

A successful Spring Racing Carnival has seen Australia ASX-listed betting and fantasy sports operator TopBetta Holdings (TopBetta) report corporate wagering of AUS $14.5 million (£8.5 million) up 21% quarter on quarter.  Issuing a corporate update, TopBetta revealed that the company had seen an all-time 61% high in active player numbers during Q4 2016 (period ending 31 December). TopBetta governance pointed …

Australian gambling giant Tabcorp Holdings has labelled Sun Bets, its strategic joint-venture with News UK, as the biggest international commercial initiative undertaken in the firm’s history. Officially launched last August, the Sun Bets brand aims to compete against UK legacy operators within the ultra-saturated UK online betting sector, a marketplace estimated to be three times the size of Tabcorp’s Australian …

TAB has combined the best of retail and mobile betting with ‘Check and Collect’, a product which makes it easier for Australian punters to enjoy their betting experience. The new product combines TAB’s strong retail presence with technology which allows customers to check their betting ticket and vouchers by using bar-code technology via the TAB app. If a customer scans …

‘The Australian’ newspaper has this weekend reported that FTSE-listed betting operators’ Ladbrokes Coral and William Hill are eyeing the potential takeover of ASX-listed Tatts Group’s sports betting assets, should the company be acquired by the Pacific Consortium. Last week, Pacific Consortium a group of investors led by London private equity firm Macquarie and New York fund KKR made a formal AUS …

Australian gambling operator Tabcorp has been found guilty of illegally luring punters to open new accounts via a promotion published both online and in the newspaper. The promotion, published in August 2015, offered bonus bets and other rewards as inducements. The company was brought to court because it is illegal for bookies to publish ads tempting NSW residents with inducements …

Implementing a ‘comprehensive strategic change’ James Packer’s Crown Resorts (Crown) will scale back on all its international investments and ambitions, to focus on growing its Australian home enterprises. Confirming its corporate strategy change, Crown will no longer spin-off its international assets into a separate enterprise seeking an ASX-listing (plan announced in May 2016). Fully committing to Crown home markets, Packer …