International betting company PointsBet has entered into discussions with newly launched Australian operator NTD for the sale of its operating arm in the country. PointsBet confirmed that preliminary discussions were underway following reports of the potential transaction in The Australian newspaper. The firm stated that any decisions taken would be done so in pursuit of its objective of maximising value …
Read More »
The government of Western Australia has axed plans to sell WA TAB betting offices following rejection of sales terms by all suitable parties. This week, WA Premier Mark McGowan issued a statement to local media, confirming that his administration would no longer proceed with its planned sale of WA TAB. McGowan outlined that the WA government had failed to secure …
Read More »
Australian gambling stands on the verge of a market transformation, as shareholders of ASX gambling group Tabcorp Holdings have unanimously approved splitting the business. This morning, Tabcorp’s board disclosed that 99% of shareholders had approved for the demerger of ‘The Lottery Corporation Limited’ – the unit that operates the Tatts Lotto and Keno business across Australia’s six states. The demerger …
Read More »
Venture capital fund Tekkorp Capital has announced that it will launch a new sportsbook business in Australia, partnering with the Murdoch family’s News Corp Australia media subsidiary. Expected to launch in the latter half of this year, Tekkorp’s venture will be led by Australian market figurehead Matt Tripp, Founder of Sportsbet AUS, who will be charged with establishing Australia’s next …
Read More »
BetMakers has become the latest suitor to show its hand in the pursuit to acquire Tabcorp Holdings TAB wagering and media unit. The ASX-listed racing and wagering systems provider submitted its deal proposal, which values Tabcorp wagering assets at AUS $4 billion (€2.5bn). Wooing Tabcorp shareholders, BetMakers stated that it had proposed the most compelling acquisition for TAB, whose customer …
Read More »
The National Basketball Association (NBA) has penned an exclusive agreement with Stars Group-owned BetEasy to enter into its first ever sports betting partnership in Australia. As part of the agreement, BetEasy will have access to and be able to use official NBA betting data and marketing materials. In addition, BetEasy will work closely with the NBA to protect the game’s …
Read More »
The merger of CrownBet and William Hill Australia, formed under the majority ownership of Toronto TSX-listed The Stars Group Inc has led to the upcoming relaunch of ‘BetEasy’. Under the leadership of Australian industry veteran Matt Tripp, BetEasy will seek to become the leading player in the much-changed Australian online betting sector. Tripp had previously operated legacy online betting brand …
Read More »
Toronto TSX-listed The Stars Group Inc has perhaps undertaken the industry’s boldest investment of 2018, expanding its global footprint within a drastically altered Australian online betting market. Yesterday Stars Group Chief Executive Rafi Ashkenazi confirmed that his firm would increase its recently acquired majority stake in CrownBet Holdings, from 62% to 80%. March 2018, has delivered a widespread change to …
Read More »
Following this morning’s news that William Hill has sold its entire Australian business division to competitor CrownBet for AUS $300 million (€185 million), Toronto TSX-listed The Stars Group Inc has moved to strengthen its Australian position. Issuing a market update, Stars Group informs that it will move to increase its equity in CrownBet from 62% to 80%. On 27 February, …
Read More »
The governance of William Hill Plc has today disclosed that it has signed a binding agreement to sell its William Hill Australia division to CrownBet for AUS $300 million (€185 million). The FTSE bookmaker had placed its William Hill Australia division under strategic review in January, as a result of the Australian government’s ban on credit betting and the likely …
Read More »
SBC News Voice of the Sports Betting Industry