Oceania

Tabcorp has detailed a successful end to 2021 trading as the ASX betting group completes the demerger of its lottery and keno business. Updating its investors, Tabcorp group revenues increased by 8.8% to AUS $5.6m (2020: $870m), whilst EBITDA also rose by 11.3% to AUS $1.1m ($985,230). A unit breakdown saw the Wagering & Media unit, consisting of the firm’s …

Tabcorp Holdings has formally announced its new leadership team and boardroom restructure as the business expects to demerge The Lottery Corporation unit on 1 June 2022.  The transition sees David Attenborough retire as Chief Executive of the ASX gambling firm, who will be replaced by Adam Rytenskild as Group CEO of Tabcorp. Last year, Attenborough postponed his planned resignation, in …

The Asian Racing Federation (ARF) has described illegal betting as a ‘global social issue’, revealing that a majority of betting websites in its jurisdictions do not meet licensing or regulatory conditions.  Publishing its ‘The State of Illegal Betting’ report, the federation – which represents 27 racing authorities in Asia, Oceania, Africa and the Middle East – revealed that 61% of …

BetMakers has signed an agreement with the Royal Sabah Turf Club, providing its solutions to the Malaysian racecourse operator and its betting network.  The five-year deal will see BetMakers deliver a tote betting system along with content management services at the Tambalang Race Course and the Royal Sabah’s off-course betting network, via its Global Tote and Global Racing Network divisions. …

Sportradar has entered into an agreement with the Australian Ice Hockey League (AIHL), covering audio-visual distribution rights and integrity operations.  The agreement, in place until the end of 2024, will see Sportradar distribute the AIHL’s data worldwide, with the exception of Australia and New Zealand, whilst also leveraging its Universal Fraud Detection System (UFDS). UFDS will be used for bet …

Australian gambling stands on the verge of a market transformation, as shareholders of ASX gambling group Tabcorp Holdings have unanimously approved splitting the business.  This morning, Tabcorp’s board disclosed that 99% of shareholders had approved for the demerger of ‘The Lottery Corporation Limited’ – the unit that operates the Tatts Lotto and Keno business across Australia’s six states. The demerger …

Canadian sportsbook and esports betting provider Rivalry Corp has gained market access in Australia, securing a licence from the Northern Territory Racing Commission (NTRC). The development marks Rivalry’s second market entry, building on last month’s launch in the Ontario market, and the firm has detailed it has already accepted deposits and bets in Australia.  Under the conditions of the Racing …

Tekkorp Capital the online gambling investment fund led by Matt Davey (CEO) and Robin Chhabra (President), has bolstered its strategic advisory, welcoming industry figurehead Steve Schrier to its ranks.  An expert in the commercial development and planning of igaming enterprises, Schrier is the former Commercial Director and founding team member of Ash Gaming, an independent slot developer acquired by Playtech Plc …

The Australian Communications and Media Authority (ACMA) has initiated legal proceedings against an ‘alleged online gambling service’ in the country’s Federal Court. There are three defendants in the case – two individuals and a company – accused by Australia’s communications regulator of providing gambling services in violation of the Interactive Gambling Act 2001 (IGA). The accused in question are Rhys …