Oceania

Attention has been drawn to Western Australia, as the state’s government undertakes a final bidding round to sell its WA TAB bookmaker office – a transaction that will reshape Australia’s gambling landscape. The auction sees Entain Plc once again step up to the M&A plate, as the FTSE100 gambling group bids to acquire the WA TAB as a retail asset …

Aristocrat CEO and Managing Director, Trevor Croker, has detailed that the company’s ‘commitment to participate in the RNG sector’ as part of its wider strategy will not be altered, following news of the collapse of its acquisition of Playtech. Issuing a statement this morning, Playtech anticipated that the minimum threshold of 75% of shareholders would not vote in favour of …

JKO Play has confirmed that it will not meet the deadline to make a firm bid for Playtech, leaving Aristocrat as the sole bidder for the majority shares in the gaming firm. Issuing an update this morning, the Eddie Jordan family and Keith O’Loughlin owned company – which controls a 0.51% stake in Playtech – revealed that it would be …

Playtech Plc has announced that the make or break deadline by which JKO should confirm its intentions with regards to a takeover of the gaming content and technology developer. Under the initial terms, JKO would have until 5:00pm on 5 January 2022 to make a firm offer to buy Playtech, but the revised conditions will see the company have until …

Flutter Entertainment has signed a four-year contract renewal with OpenBet, continuing to leverage the company’s services for its Australian Sportsbet subsidiary.  Under the terms of the agreement, Sportsbet will utilise OpenBet’s technology and services with the aim of delivering ‘best-in-class sports betting entertainment’ to new and existing customers until 2025. Sportsbet has reported ‘record volumes’ in the Australian sports betting …

Entain has predicted that cricket betting markets will experience a significant increase in trading in the final weeks of 2021, anticipating turnover from a number of different countries. The FTSE250 gambling group believes that the onset of the 2021/22 Ashes Series in Australia, beginning today (8 December), as well as the start of the country’s domestic Big Bash League (BBL), …

The Northern Territory Racing Commission has penalised Entain with an AUS $26,690 fine after its Australia-facing Neds subsidiary was judged to have violated state licencing requirements.  An investigation into Neds’ compliance with the law began after a Commission member saw a Business Development Manager form the company inform a rage goer that bonus offers could be accessed by scanning a …

Racing and Sports PTY wants to become betting’s next data and media goliath, joining the high ranks of Sportradar, Genius Sports, Stats Perform and IMG Arena.  The Canberra upstart, which is eagerly awaiting its ASX Exchange listing later this month, is targeting an AUS $69 million (€45m) market capitalisation to accelerate its expansion beyond Australian shores.      Publishing its ASX prospectus, …

Entain is providing customers of its gaming brands with ‘unique’ experiences and media content, whilst promising special access for Formula 1 fans through its PartyCasino and partypoker brands. International TV ads will run from now to the end of the season in mid-December, initially in the UK, promising customers special access to the McLaren F1 team through PartyCasino and partypoker, …