Oceanic news – Australia and nearby countries

TAB secures Australia-facing NBA partnership

TAB has moved to strengthen its brand visibility in its home market, becoming the official wagering partner of the National Basketball Association (NBA) in Australia. The partnership will see TAB and the NBA collaborate on production of an Australia-facing version of the league’s betting focused alternate telecast, NBABet Stream, marking the service’s debut outside of the US. Additionally, TAB will …

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Racing and Sports PTY upsizes IPO as Entain backs ASX enterprise

Entain Plc is reported to be backing the upcoming ASX IPO of Racing and Sports PTY – the dedicated premium data, content and media supplier for Australian horseracing.  Sydney-based investment fund Ord Minnett confirmed that Racing and Sports would be elevating its target IPO raise to AUS $29 million (€19m) in order ‘to accommodate a cornerstone investment by Entain’. Though …

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SIS backs Australia’s RACELAB GLOBAL with significant investment

SIS backs Australia’s RACELAB Global with significant investment

SIS (Sports Information Services) will expand both its international and digital presence after making a significant investment in RACELAB GLOBAL, an Australian racing data science company. As a result of the investment, SIS will gain access to RACELAB GLOBAL’s proprietary technologies, including the supplier’s live PRO FORM informatics and ODDS ENGINE technology suite. Richard Ames, SIS CEO and new Chair …

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ACMA rules against Foxtel for betting advertising breach

The Australian Communications and Media Authority (ACMA) has ruled against Foxtel regarding a complaint made about a betting advertisement, as public debate surrounding gambling marketing in the country continues.  Foxtel notified the ACMA itself, notifying the regulator that at around 4.33pm ARST a betting commercial was shown during a half-time discussion of the Australian Football League (AFL) Easter Monday Footy: …

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Tabcorp CEO Attenborough calls for Australian advertising overhaul

David Attenborough, CEO of Tabcorp, has called on the Australian federal government to tighten restrictions around gambling advertising on prime-time television. The CEO of the ASX-registered gambling group detailed his belief that the government should reform Australia’s current advertising landscape, with a particular focus on limiting betting marketing during live sports events. He cited exposure to children being greater during …

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Tabcorp: Banks responsible for gambling credit card ban

David Attenborough, CEO of Tabcorp, has reportedly argued that banks should have responsibility for implementing a ban on the use of credit cards for making betting payments in Australia. According to ZDNet, the CEO made the remarks whilst addressing the Parliamentary Joint Committee on Corporations and Financial Security last week.  The committee is currently conducting an inquiry into the use …

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Senet moves to strengthen senior team with former Tabcorp executive

Gambling compliance, law and business consultancy Senet has hired Daniel Lovecek, the former General Counsel of Wagering and Media at Tabcorp, to join its senior leadership team. Joining former colleague Julian Hoskins at the gamlbing advisory firm, the duo will work to direct and lead complex commercial regulatory work, building on Lovecek’s experience in this role at Tabcorp. “I’m thrilled …

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Sportsflare: Bet on Yourself can bring esports betting to the world of casual gamers

Bet on Yourself products can be the driving force behind introducing casual gamers to the world of esports betting, according to Max Polaczuk - CEO of Sportsflare

Bet on Yourself products can be the driving force behind introducing casual gamers to the world of esports betting, according to Max Polaczuk (pictured) – CEO of Sportsflare – but in order to engage and retain new players, sportsbooks must ensure that their odds are ‘solid’.  Speaking to SBC News, Polaczuk shared his views on the integrity challenges associated with …

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Tabcorp returns to profits as focus shifts to 2022 split-off  

Tabcorp Holdings has returned to profit, as corporate governance highlights the intrinsic value of its lottery and wagering unit that will operate as stand-alone businesses from 2022 onwards.  Publishing its full-year 2020/2021 results (period ending 30 June), Tabcorp declared statutory group profits of AU$269 million (€166m) – reversing its preceding losses of 870 million (€530m). The ASX gambling group registered …

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Australian bookmakers end opposition to credit card ban

Leading betting and gaming operators in Australia have dropped their opposition to moves by federal lawmakers to ban the use of credit cards for online wagering. According to The Sydney Morning Herald, long-term opponents to the proposed ban bet365, Sportsbet and Ladbrokes have now made a u-turn and announced their support for the initiative.  ASX-listed betting and lottery operator Tabcorp …

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