Tag Archives: australia

Australian Prime Minister Tony Abbot (Liberal Coalition), has personally tasked Social Services Minister Scott Morrison with leading a review of the 2001 Interactive Gambling Act (IGA). The review follows ongoing federal probes into international licensed online bookmaker’s use of ‘call’ systems which mirror live betting, prohibited by the 2001 IGA. Various ministers and gambling stakeholders have stated that the 2001 …

Favourit is a bookmaker with a difference based in Australia. The operator aims to capitalise on the burgeoning social aspect being incorporated into traditional sports betting; indeed it calls itself a ‘social online sports betting site designed like a social network.’ Favourit adds an option to challenge others players, and you’ll also be ranked alongside other users via the BetIQ …

Facing a probe by Australia’s Federal Police of its ‘Click to Call’ betting system, William Hill is standing by its controversial mechanism. During its interim results, the bookmaker revealed that its Australian betting division had seen wagers triple following the introduction of ‘Click to Call’, which follows live betting procedures by allowing customers to connect to live betting markets through …

Tatts Group CEO Robbie Cooke, has outlined that the unifying UBET brand and operations, will be the key driver of Tatts Group future corporate growth. Presenting 2014/2015 year end results (period ending 30 June), Tatts group posted net profits of AUS $252 million (£117 million) up 25% on the corresponding years performance of AUS $200.4 million. Driven by record sales …

South Australian Senator Nick Xenephon wants Australia’s financial authorities to ban g credit lines facilities being offered to national consumers. A new report released on Monday calls for a blanket ban on online betting companies extending credit to gamblers, including accepting credit cards as a form of payment. The senator supported by the Australian Financial Counselling (FCA) has warned government bodies that …

Ladbrokes Australia has announced the launch of its ‘Cash-In’ network which will allow customers to instantly deposit money into their player accounts at over 1000 participating kiosks and newsagents. The Ladbrokes ‘Cash-In’ network will utilise the Nparcel payment system, which will allow customers to make direct deposits ‘over the counter’ using online payment codes or via pre-paid gift-cards. The operator …

Governance of Australian gambling operator Tabcorp were delighted to announce that the company had beaten market forecasts for its 2014 performance (year ending 30 June). Tabcorp would post 2014 full year net profits of $171 million up 14% on 2013’s 149 million. Tabcorp would record a performance uplift on all key top-line metrics, as the operator posted a 6% rise …

William Hill CEO James Henderson has described the past six months as a period of ‘significant regulatory and taxation change for the industry’ as the bookmaker reported a 30% drop in profits after tax to £69.5m. Despite group net revenue marginally growing, even against 2014 World Cup comparatives, operating profit dropped 12% to £155.7m for the first half. Group net …

William Hill has extended its coveted Sports Book of the Year competition to Australia by providing an AUS $20,000 (£10,000) prize for the winning author. Held since 1989, the William Hill Sports Book of the Year is regarded as the UK’s top award for sports literature. Notable winners include Nick Hornby (Fever Pitch), Paul Kimmage (Rough Ride: An Insight into …

AIM-listed bingo operator Stride Gaming plc has bought InfiApps Limited, a profitable internationally-focused mobile social gaming company, for up to US$39.2m, over half of which will be paid in cash, while the remainder triggered by earn-out targets over the next two years. The acquisition will provide the Stride Gaming group with an entry into the social gaming segment of online …