Tag Archives: australia

Former syndicate chairman charged over fraud claims

Bill Vlahos, the man who spearheaded the BC3 Thoroughbreds as well as the failed betting syndicate The Edge, has appeared in court over claims he was part of a betting scam. Taking place in Melbourne, the case relates to 350 alleged counts of financial deception against Vlahos after his betting syndicate fell through, dating from 2005 to 2013, when Vlahos …

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Tougher regulatory requirements see NetEnt report Q4 2017 revenue & earnings lag

Publishing a corporate update, Stockholm-listed industry games developer NetEnt has detailed that its Q4 2017 results (period ending 31 December) will ‘lag behind market forecasts’. Updating stakeholders, NetEnt governance expects to deliver Q4 2017 corporate revenues of SEK 419 million (Q4 target: SEK 447 million), combined with a period EBIT of circa SEK 150 million (Q4 target: SEK 170 million). …

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ESSA and Victoria Police in world first integrity link up

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A new world’s first agreement between ESSA and Victoria Police is to target suspicious betting activity and deter betting related match fixing. Law enforcement is to be provided with information from across the world, with the deal set to be in place for 2018 sporting events, including the Australian Open tennis which got underway today (Monday 15 January). ESSA, the …

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Gambling.com enters regulated United States market

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Gambling.com has revealed the latest arm of its global expansion, with the release of a localised version of its site in the United States. The group has detailed that this is the first step of its plan to take market share in the growing, regulated US online gambling market. Kevin McCrystle, Chief Operating Officer for Gambling.com Group, said “Gambling.com USA is …

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At The Races – Innovative ways of utilising data in racing

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As the consumption of sports betting in the UK continues to develop, racing has retained its status as a stalwart amongst the nation’s most cherished betting events. Nonetheless, in 2018 the importance of the continued evolution of racing can’t be understated, SBC spoke to the Commercial Manager at broadcaster At The Races, Joe Andrews about why the future remains positive for racing …

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Tabcorp shuts down loss making Luxbet

Tabcorp Holdings has decided to shut down online property Luxbet (luxbet.com), as the company focuses on completing its approved AUS $11 billion merger with Tatts Group. The underperforming online betting division had been under strategic review throughout 2017. In its latest trading update, Tabcorp governance disclosed that Luxbet had made pre-tax losses of approximately AUS $13 million (£7.5 million) for …

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Winning Post – How 2017 shaped up for the gambling industry

Regulus Partners, the strategic consultancy focused on international gambling and related industries, takes a look at how the gambling industry fared this year in its ‘Winning Post’ column. 2017 in review: growing up? Three key themes dominated the changing shape of the online gambling market in 2017: continuing channel shift, the continued march of Point of Consumption regimes, and increased …

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Poker machine debate grips Australia

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Australia has been lambasted by Canberra based think tank The Australia Institute, after new figures revealed its poker machine habits. With 835,000 of the worlds 1,076,000 poker machines, representing almost 80%, located in dedicated gambling venues, such as casinos, race tracks, betting agencies and slot halls, the paper points the finger at the remaining 241,000, situated in the worlds pubs …

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Tabcorp ends Odyssey affair as Tatts investors approve of marriage

Australia ASX listed gambling group Tabcorp Holdings has confirmed that it has completed its full divestment of Odyssey Gaming Services (Odyssey). Updating investors, Tabcorp confirms that it has fully sold its gaming machine and venue solutions supplier to Australian National Hotels Pty Limited, a transaction initially agreed in April 2017. The divestment of Odyssey is in accordance with merger demands …

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ACCC will not stand in way of Tabcorp-Tatts merger

The Australian Competition and Consumer Commission (ACCC) has detailed that it will not challenge the Australian Competition Tribunal’s (ACT) decision to approve the AUS $11 billion merger of Tabcorp Holdings and Tatts Group. Issuing a short market update, ACCC still believes that the Tabcorp-Tatts combination will impact industry competition within Australia’s gaming and betting markets. Nevertheless, ACCC governance will not challenge …

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