Oceania

ESSA and Victoria Police in world first integrity link up

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A new world’s first agreement between ESSA and Victoria Police is to target suspicious betting activity and deter betting related match fixing. Law enforcement is to be provided with information from across the world, with the deal set to be in place for 2018 sporting events, including the Australian Open tennis which got underway today (Monday 15 January). ESSA, the …

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Tough regulatory terrain sees William Hill review Australia business

FTSE bookmaker William Hill has this morning confirmed, that it is undertaking a strategic review of its Australian business, following new government regulations on credit betting and the likely introduction of further state taxes imposed on betting firms. Presenting its ‘unaudited 52-week trading statement’ (period ending 26 December), William Hill governance detailed strong 2017 progress, with the company expected to …

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Crown Resorts agrees to CrownBet sale

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Crown resorts has announced an agreement to sell its stake in CrownBet, as part of the company’s ongoing debt reduction strategy. The Australian gaming and entertainment group is to recoup AU$150m for its 62% interest in CrownBet, together with loans advanced by it to CrownBet. In a statement released to the Australian Securities Exchange (ASX), it was detailed that a …

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Tabcorp and Tatts announce merger integration

Tabcorp Holdings and Tatts Group have announced that the combination of the two firms has been completed. A statement from the firm read: “Tabcorp Holdings Limited (Tabcorp) advises that the Scheme of Arrangement (Scheme) in relation to the combination of Tabcorp and Tatts Group Limited (Tatts) has been implemented today. Tatts is now a wholly-owned subsidiary of Tabcorp.” Adding: “Tabcorp …

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Tabcorp announces executive team ahead of merger completion

Tabcorp Holdings has announced the executive team who are set to lead the company upon completion of its merger with Tatts Group. The tortuous process of uniting the two firms under one banner is set to be finalised tomorrow (Friday December 22), following several stumbling blocks since a merger was first spoken about in October of last year. David Attenborough, …

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IGT extends agreement with OPTIMA for award winning platform

Betfred

Major gaming distributor IGT has announced that it has signed an agreement with Optima Group for the licensing, support, and development of IGT’s sports betting platform in all international regions outside of Italy, the United States, and Canada. As part of the agreement, signed on 15 December, IGT is licensing its Sports Betting platform to Optima, enabling it to provide …

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Tabcorp shuts down loss making Luxbet

Tabcorp Holdings has decided to shut down online property Luxbet (luxbet.com), as the company focuses on completing its approved AUS $11 billion merger with Tatts Group. The underperforming online betting division had been under strategic review throughout 2017. In its latest trading update, Tabcorp governance disclosed that Luxbet had made pre-tax losses of approximately AUS $13 million (£7.5 million) for …

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IOC establishes task forces to tackle sports corruption

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Multi stakeholder task forces, charged with tackling corruption in sports, have been established by the International Partnership Against Corruption in Sport (IPACS). The platform, established by the International Olympic Committee (IOC) in addition to a number of international sports organisations, government and inter-governmental organisations, has agreed to set up three groups to tackle pressing issues. Each will be charged with …

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Poker machine debate grips Australia

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Australia has been lambasted by Canberra based think tank The Australia Institute, after new figures revealed its poker machine habits. With 835,000 of the worlds 1,076,000 poker machines, representing almost 80%, located in dedicated gambling venues, such as casinos, race tracks, betting agencies and slot halls, the paper points the finger at the remaining 241,000, situated in the worlds pubs …

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Supreme Court approval sees Tabcorp and Tatts merger set date

The long proposed merger between Tabcorp Holdings and Tatts Group has moved a further step towards completion, following approval of the scheme from the Supreme Court of Victoria. Originally announced in October of 2016, court orders have now been lodged with The Australian Securities and Investments Commission (ASIC), with the scheme now effective and a date of implementation set for …

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