Oceania

OpenBet is to supply its scalable betting engine and advanced trading system to Australian wagering giant Tabcorp. As the operator pursues growth plans, OpenBet will integrate a series of online and retail products including its fixed-odds betting platform and trading system for its content portfolio, to help amplify the offering for Tabcorp’s flagship brand, TAB. Cathryn Lai, Chief Commercial Officer …

An investigation by the Australian Communications and Media Authority (ACMA) found 18 offshore websites breaching gambling laws in Australia during the FIFA Women’s World Cup. The 2023 sporting event saw gambling carried out via verticals such as online casinos and slot/gaming machines as well as betting on sporting events whilst play was under way, which is illegal in the country. …

BetMakers Technology Group has announced its acquisition of RACELAB’s global assets, along with the amendment of its Betr agreement. The move adds leading race form, preview, and statistics technology to BetMakers’ ecosystem, as well as proprietary fixed odds pricing technology and associated algorithms. Meanwhile, the acquisition also offers potential for BetMakers to further expand its services in the harness and …

The South Sydney Rabbitohs and Canterbury-Bankstown Bulldogs have extended partnerships with Reclaim the Game as the National Rugby League (NRL) continues to distance itself from the betting sector. The two New South Wales clubs each confirmed a three-year renewal of their pre-existing partnerships with Reclaim the Game – an initiative of the NSW government. A core principle of the campaign …

BetMakers has informed investors that Anthony Pullin has resigned as Chief Financial Officer (CFO) of the ASX-listed wagering technology group. Pullin, who has served as BetMakers’ financial lead since 2018, will end his CFO tenure on Wednesday, 27 March. CEO Jake Henson thanked Pullin for his significant contribution to BetMakers’ growth and development. “Over the past 5 years, Anthony has …

Tabcorp Holdings has informed markets that Adam Rytenskild has resigned with immediate effect as CEO of the ASX-listed wagering and racing media group. Investors were informed this morning of the immediate departure of Rytenskild who faces “allegations of using ‘inappropriate and offensive’ language in the workplace.” Tabcorp said its board considered the language used by the CEO to be inconsistent …

The Australian division of sportsbook operator bet365 has landed in hot water by attracting unwanted attention from the country’s financial regulator AUSTRAC. According to the watchdog, the probe was launched based on reports of compliance shortcomings with Australia’s Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (AML/CTF Act). The latest is part of AUSTRAC’s ‘extensive supervisory campaign’ launched last year to …

BetMakers details that it has benefitted from executing its restructuring plans to simplify its operating structure and commercial operations for its business units of Global Betting Services, Global Tote and Corporate (B2B). Publishing its interim H1 2024 results (period up to 31 December), the ASX wagering technology group registered corporate revenues of  AU$ 51m (€30m), up 10% on H1 2023 …

Tabcorp has accrued corporate losses of AU$636m (€385m) as detailed in the interim 2023/2024 accounts of the ASX gambling group. Statutory losses were attributed to Tabcorp booking impairment charges of AU$731m (€440m) during H1 2023/2024 trading for the reporting period up to 31 December 2023. As reported: “Non-cash impairment charges relate to certain assets in New South Wales (NSW) and …

The Victoria Racing Club (VRC), Tabcorp and Nine Entertainment (Nine) have formed a broadcast, media and sponsorship deal for the Melbourne Cup Carnival. The partnership, running from 2024 to 2029, will see the four-day Australian horse racing meeting broadcast on all Tabcorp-operated Sky platforms and the TAB app, with the betting firm having the right to on-sell coverage to other …