Oceania

Entain Plc’s leadership duo of CEO Jette Nygaard-Andersen and Deputy Rob Wood have notified investors that 2023 will be a tougher year for the FTSE100 gambling group’s UK arm.  Though the firm’s revenue make-up continues to be diversified via M&As, UK brands accounted for 27% of Entain’s online NGR – contributing approximately £840m of the group’s £3.3bn online NGR results …

Australia’s financial intelligence agency, AUSTRAC (Australian Transaction Reports and Analysis Centre), has stepped up its efforts against money laundering, particularly relating to the gambling sector. Spokespeople for the government agency revealed at the Regulate the Game 2023 conference this week that a new specialist unit has been created with a specific anti-money laundering (AML) in betting remit. Bradley Brown, AUSTRAC …

Expanding its market presence in Australia, Rivalry has announced a partnership with esports organisation, Grayhound Gaming. The deal sees the pair create joint content to ‘amplify’ Grayhound’s Counter-Strike team and players as they compete through upcoming events such as the ESL Pro League and DreamHack Melbourne.  “Our partnership with Grayhound is kicking off alongside one of the most prominent Counter-Strike …

International betting firm BlueBet has outlined its corporate priorities for 2H23 after experiencing a slight lull in both revenue and profits during the first half of the financial year.  Issuing an update this week for trading during 1H23 (1 July – 31 December 2022), the Australian operator reported revenues of $36.2m, down slightly, although relatively steady, on corresponding 1H22 figures …

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 …

BetMakers Technology Group finalised a six month period of ‘significant investment’ with strong revenue growth across two of its core verticals, amid major commercial developments for the firm. The B2B betting technology supplier, an ASX-listed enterprise, revealed revenue for 1H23 (1 July-31 December 2022) of A$46.7m, up 7.5% on corresponding H122 earnings of A$43.5m. On the other hand, the group …

BetDeluxe has paid an infringement notice of $50,172 as the Australian Communications and Media Authority (ACMA) clamps down on its spam-unsubscribing rules. An investigation by the body found that the operator had sent more than 104,000 SMS without an unsubscribe function and over 820,000 SMS that did not contain the sender’s contact details. Concerning Noah Rose, Director of BetDeluxe, the …

Tabcorp’s market leadership position in Australia remains steady as the company reported a small increase in revenue in the second half of 2022, softening the blow of retail closures during the first six months of the year. Issuing an update to its ASX investors covering H123 (30 June-31 December 2022), the betting, gaming and media group reported a 10.6% increase …

Sportsbet is expanding the scope of its TikTok marketing campaign in Australia to broaden the gender diversity of its customer base, according to The Guardian. The Flutter Entertainment betting brand, headquartered in Melbourne, entered into an agreement with the Chinese-owned social media platform last year. Marking an exception to TikTok’s rules around gambling promotion, the bookmaker has been allowed to …

International gambling advisory group Tekkorp Capital has announced changes to its board, with President Robin Chhabra promoted to CEO. Matt Davey, the company’s founder, will now assume Chairman responsibilities, whilst Mark McMillan has also been confirmed as a new partner in the firm. Commenting on the board changes, Davey remarked: “Tekkorp Capital has grown rapidly over the last couple of …