Oceania

James Packer relinquishes majority stake in Crown Resorts with AUS $450 million share sale

 Australian leisure and gambling tycoon James Packer has sold approximately 4.8% equity in ASX-listed casino operator Crown Resorts (Crown) for a reported AUS $448 million (£257 million). The transaction was carried out by Packer’s investment vehicle Consolidated Press Holdings (CPH), who placed circa 35 million shares at AUS $12.80 apiece. The sell-off sees Packer relinquish his majority stake in Crown …

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BOS Sponsor Profile – James Fleming – Emerchants

Emerchants are a leading provider of prepaid payment solutions, offering prepaid debit card programs which are specifically designed for the online betting and gaming industry. After enjoying success in Australia with Bet365, Ladbrokes, William Hill, Sportsbet and CrownBet, they will be in market with major European partners starting in Q4 2016. Emerchants are keen to introduce its solution, and the …

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Victoria to get tough on Gambling advertisement

The Victoria (Australia) state government has begun consultations on potential restrictions to gambling services advertising. Multiple Australian news sources have reported this weekend that state governance is reviewing plans to ban gambling advertisements being published within public transport services and near schools. State Gaming Minister Marlene Kairouz who is reviewing advertising standards proposals, commented that Victoria’s community was concerned with …

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TopBetta raises $2.6 million for aggressive growth plans

Australia ASX-listed racing and fantasy sports operator TopBetta has confirmed that it has raised AUS $2.6 million (£1.5 million) through a share placement funded by a group of ‘sophisticated and institutional’ investors. Placing 14.5 million shares at AUS $0.18, TopBetta governance will use the funds to implement an ‘aggressive growth’ strategy targeting customers during the key period of Spring Carnival …

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Ladbrokes Australia is ‘Up for the Challenge’ with Saatchi & Saatchi

Ahead of busy period for Australian sports with the AFL and NRL Finals commencing in September, Ladbrokes Australia has announced the launch of its new nationwide marketing campaign ‘Up for the Challenge’. ‘Up for the Challenge’, is the first marketing campaign delivered by Saatchi & Saatchi, who were appointed Ladbrokes Australia’s lead creative agency in May following an account pitch …

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South Australia bans esports gambling

The state government in South Australia has moved to stamp out all forms of esports wagering.  Consumer and Business Services Minister John Rau has informed the Independent Gambling Authority that it should not approve betting on competitive gaming events, irrespective of where the event occurs. This includes for instance The International, the Dota 2 tournament which is currently underway in Seattle, …

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BOS Speaker Profile – Valery Bollier – Oulala – Making fantasy moves

Valery Bollier is the CEO of Oulala, a company that is fast making tracks in DFS and has recently announced a move into India and Australasia via a deal with Cardinal House Group.  Valery is speaking on a panel at Betting on Sports 2016 (September 15-16) on the topic of how DFS operators and bookmakers can work together for mutual …

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Rugby League star faces investigation over NRL betting activity

New Zealand standoff Kieran Foran is being investigated by the police and NRL Integrity Unit after $2,000 in winnings from a bet on his Parramatta Eels team ended up in his TAB account. The match in question was Parramatta’s visit to Foran’s former club, Manly Sea Eagles, on April 14. Just half an hour before kick-off, $18,000 in cash was wagered …

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bet365 Australia narrows operational losses to AUS $10.9 million

Independent bookmaker bet365 has reduced its Australian market losses to AUS 10.9 million (£6.3 million) for the 12-month period ending 27 March. The figure represents a marked improvement on its fiscal 2015 market losses of AUS $31 million. Since beginning its operations in Australia under a Darwin license in 2012, the Stoke-based bookmaker has accumulated losses of AUS $133 million …

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Legal & expansion costs see Tabcorp post 49% 2016 profits decline

Footing a legal bill of AUS $20 million (£11.5 million) Australian ASX-listed gambling operator Tabcorp Holdings (Tabcorp) has witnessed its full-year 2016 net profits decline 49% to AUS $169 million (FY 2015: AUS $334 million). Presenting its FY 2016 results (financial period ending 30 June), Tabcorp governance stated that 2016 business conditions had been ‘Volatile.’ The gambling operator would report …

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