News Corp, the global media conglomerate of the Murdoch Family, is reported to be scaling down its investment in Australian sportsbook challenger Betr. As reported by the Australian Financial Review (AFR.com), News Corp seeks to “water down its investment in Betr”, the sportsbook venture of Matthew Tripp in which it owns a 47% stake. Investment concerns have grown due to …
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Betr drops out of WA TAB contract over branding dispute
Australian media reports that Betr, the new sportsbook venture of Matthew Tripp, has pulled out of its ‘leading bid’ to take over management of the Western Australia TAB (WA TAB). This October, the WA Gaming and Wagering Commission surprised industry observers by naming Betr, a yet-to-be-launched sportsbook, as the frontrunner to win its WA TAB contract. The decision was branded …
Read More »Betr favourite to win WA TAB licence as blockbuster launch looms
Betr, Matthew Tripp’s new sportsbook venture, is reportedly the front-runner for the coveted WA TAB operating licence, granted by the government of Western Australia. Australian media reports that Betr is the ‘preferred suitor’ of the WA Gaming and Wagering Commission (DLGSC) to take charge of operating the WA TAB betting offices, ahead of Tabcorp and Entain. The Commission is reported …
Read More »Entain and Tabcorp battle for WA TAB ownership
Attention has been drawn to Western Australia, as the state’s government undertakes a final bidding round to sell its WA TAB bookmaker office – a transaction that will reshape Australia’s gambling landscape. The auction sees Entain Plc once again step up to the M&A plate, as the FTSE100 gambling group bids to acquire the WA TAB as a retail asset …
Read More »Crown Resorts agrees to CrownBet sale
Crown resorts has announced an agreement to sell its stake in CrownBet, as part of the company’s ongoing debt reduction strategy. The Australian gaming and entertainment group is to recoup AU$150m for its 62% interest in CrownBet, together with loans advanced by it to CrownBet. In a statement released to the Australian Securities Exchange (ASX), it was detailed that a …
Read More »Tabcorp governance told to explain unfair price plan ‘Project Alfred’
As the Australian Competition Tribunal (ACT) takes on the role of lead supervising body of the AUS $11 billion planned merger of Tabcorp Holdings and Tatts Group a number of industry stakeholders have addressed concern regarding the combination to create the Australia’s outright gambling market leader. This week, former merger review body The Australian Competition & Consumer Commission (ACCC) revealed …
Read More »On a Tripp! James Packer’s Crown Resort secures control of BetEasy
Australian billionaire James Packer has secured control of new betting operator BetEasy through his Crown Resorts leisure enterprise. Crown Resorts released a statement this morning confirming the tie-up between the two parties, which will see Crown Resorts own two thirds of the BetEasy enterprise. Crown Resorts controlling investment in BetEasy is set to give the leisure operator quick access into …
Read More »Matthew Tripp targets Australia’s biggest bookmakers with BetEasy
Australian igaming entrepreneur Matthew Tripp stated that he wants his new business venture BetEasy.com.au, to revolutionise the Australian sports betting market. The bullish owner of BetEasy has vowed to offer Australian punters the best sports value and entertainment in the market, taking established Australian bookmakers head-on. Tripp who sold his previous sports betting venture Sportsbet Australia to Irish operators Paddy …
Read More »Sportsbet loses injunction against Tripp’s BetEazy
Paddy Power Australian owned Sportsbet lost its Victoria Supreme Court injunction over employee poaching by operator BetEazy. Having heard the representative cases of both operators, the appointed judge, granted favour to BetEazy regarding the hiring of customer services manager Kelli Carpanini. Sportsbet lawyers claimed Carpanini breached her six-month non-compete period by commencing work for BetEasy last month and had sought …
Read More »Sportsbet files court injunction against BetEazy.com over staff poaching
Australian bookmaker Sportsbet has filed a Supreme Court injunction against Beteasy, in order to halt staff members defecting to new online betting operator Betasy.com. BetEazy.com, is the new sports betting brand of ex Sportsbet Managing Director and Founder Matthew Tripp. Sportsbet, who are owned by Irish gambling operator – Paddy Power filed a court injuncation with the State of Victoria …
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