New Zealand’s Racing Industry Transition Agency (RITA) has confirmed that Dean McKenzie will take up the position of interim Executive Chair in a bid to support the passage of the country’s Racing Industry Bill. McKenzie will take up the role from January until June 2020 to oversee RITA’s transformation into TAB NZ, taking over from current Chief Executive John Allen …
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Flutter Entertainment Plc, has seen its total group revenues jump by 9% during Q3, despite its retail division continuing to feel the effects of the changes in fixed odds betting terminals (FOBT) legislation implemented earlier this year. Publishing its interim report for the three months ended 30 September 2019, Flutter Entertainment disclosed a 9% year-on-year decline in retail revenues, down …
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Flutter Entertainment Plc, the rebranded entity of Paddy Power Betfair, has seen its interim H1 2019 profits before tax drop by 24%, as FTSE100 betting group cites changes in regulations and taxation as the lead factor in its year-on-year performance decline. Operating its enlarged portfolio of Paddy Power, Betfair, FanDuel (US), Sportsbet (AUS) and the recently acquired Adjarabet (CIS), Flutter saw …
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Following the dramatic clash at Lord’s between England and New Zealand in yesterday’s 2019 ICC Cricket World Cup final, GentingBet has committed to honouring all pre-tournament bets on New Zealand winning the Cricket World Cup. The Black Caps fell short of winning the World Cup yesterday after England were named as the 2019 champions on a little-known boundary-countback rule, following …
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New South Wales authorities have continued their crackdown on illegal gambling advertising this week, as Sportschamps becomes the latest operator to be sanctioned for a deposit bonus promotion published on its site last year. The advert in question stated that customers would be able to sign up to the site for free, while also adding: “Matched first time deposit bonus …
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Australian operator Sportsbet has been hit with an AUS$10,000 (£5350) fine from New South Wales’ authorities after being convicted of displaying illicit gambling advertisements on its website. The advert in question displayed cartoon depictions of two male characters with their thumbs up, alongside the text: “Refer a Friend – Get a $100 Bonus Bet for every friend you refer to …
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An advert for one of Australia’s biggest online bookmakers Sportsbet has drawn 793 complaints, a new record in the country, for making a link between betting and sexual success. The Ad Standards said that the Paddy Power Betfair owned online bookmaker had sent a “false message to young males that gambling will improve their sexual appeal”. As reported in the …
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BetEasy was the biggest benefactor in Australia as sports betting sites Sportsbet, Ladbrokes and Betfair all crashed on Melbourne Cup day – the biggest day on the nation’s betting calendar. As reported by The AGE, punters on Sportsbet, Ladbrokes and online betting exchange Betfair were temporarily unable to place bets on their smartphone apps or computers, while Tabcorp also reported …
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Regulus Partners, the strategic consultancy focused on international gambling and related industries, gives an insight into some of the key developments in the gambling industry as part of its ‘Winning Post’ column. Europe: Remote markets – Lies, damned lies and growth statistics. Italy’s online gambling market finished 2017 in style, with c. 34% overall regulated market growth (excluding lottery and …
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FTSE bookmaker William Hill Plc has lit-up the Australian gambling market, by confirming that it has entered ‘in-depth discussions’ with Crown Resorts to acquire its controlling 62% stake in online betting subsidiary Crownbet. The cumbersome merger of Tabcorp-Tatts has dominated the Australian betting industry’s agenda and context in 2017, however, seeking to expand its international assets William Hill may have …
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