Oceania

Sky Bet lifts the lid on account restrictions at Parliamentary debate

Sky Bet CEO Richard Flint revealed that the bookmaker restricts 3% of its customer base in the bets that can be placed, but the bookmaker does not close the accounts of winning punters. Speaking at the All Party Parliamentary Betting & Gaming Group Seminar in the House of Lords yesterday, Flint admitted that it restricted 2% of its customers to …

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What does Kyle Edmund success mean for UK tennis betting market?

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Does the United Kingdom have a new tennis star in its midst? With 23-year-old Kyle Edmund, a 300/1 shot before the Australian Open, now a shock semi-finalist and narrowed to 16/1. The Johannesburg, South Africa, born star now stands just one win from reaching the final of the years first major (also known as a grand slam), after a stunning …

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Former syndicate chairman charged over fraud claims

Bill Vlahos, the man who spearheaded the BC3 Thoroughbreds as well as the failed betting syndicate The Edge, has appeared in court over claims he was part of a betting scam. Taking place in Melbourne, the case relates to 350 alleged counts of financial deception against Vlahos after his betting syndicate fell through, dating from 2005 to 2013, when Vlahos …

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Winning Post – UK remote growth a margin call?

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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. UK: remote market – Supernormal margins, not supernormal growth… 2017 has been a year of mixed messages for UK remote gambling. A number of commentators have referred to …

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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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