Tag Archives: Northern Territory Racing Commission

Problem gambler gets $150,000 refund for unlawful Betfair activity

Betfair

Betfair failed to ‘reasonably recognise’ the red flags after one of its own customers – identified as Mr M, convinced the company to refund $150,000 which he quickly gambled away from his account. As reported by ABC News, the betting exchange should have identified “red flag behaviours” that showed the customer had a gambling problem before it agreed to reverse …

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DraftKings gears up for full Australia launch

Leading daily fantasy sports operator DraftKings has launched its Australian enterprise, continuing its corporate expansion beyond its home US marketplace. Planning to fully launch its Australian DFS product during Q2 2018, DraftKings will operate under a Northern Territory Racing Commission – NTRC license. At present, DraftKings leadership remains quiet with regards to its upcoming Australian DFS proposition, and what sports …

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Profitable Euro 2016 for combined Paddy Power Betfair

Paddy Power Betfair’s third-quarter revenue performance for its sportsbook was flattered by the recent decline in the value of the pound but still managed a 15% rise in constant currency terms over the period. Total sports net revenue came in at £316m. Adding in gaming net revenues of £88m, which rose 14% in constant currency terms, and the total net …

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TopBetta continues growth with $12 million quarterly turnover

TopBetta, Australia’s first fantasy wagering company, continued its growth by achieving a September quarterly turnover of $12 million and revenues of $1.2 million. TopBetta held 1,650 tournaments during the quarter, with a total of $1.5 million paid out to tournament winners. The company was particularly pleased that its player on player product had 5,430 active users during a quarter which …

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