Oceania

Australian racing and wagering company Tabcorp has completed the institutional component of its AU$600 million entitlement offer, with the 97% take-up raising AU$371 million. Tabcorp’s latest financing transaction was revealed following last week’s publication of the ASX gambling group’s 2019/2020 fiscal results, recording operating losses AUS $870 million (€520m), primarily attributed to ‘asset impairment charges’ restructuring the firm’s wagering units. …

Responsible Wagering Australia (RWA) has urged gambling operators to ‘take firm steps’ in identifying and blocking punters that are engaging in the online abuse and harassment of athletes from their platforms It follows on from a series of reports that jockeys, AFL and NRL players are facing a barrage of abuse on social media from exasperated punters. According to Brent …

Tabcorp Holdings will write down its wagering and media business by at least AUD $1 billion (€605m) as a result of COVID-19 shutdowns and ‘the possible acceleration of retail contraction’. The company made its statement in a filing to the ASX Exchange, in which it revealed that it had undertaken a ‘review of assets’ in which it expects to incur …

In line with the country’s new 2020 Racing Industry Act, New Zealand’s Racing Industry Transition Agency (RITA) will complete its transition to become TAB New Zealand (TAB NZ) this weekend. It marks the end of a 13-month transition period, with TAB NZ due to have a sole focus on its customers, maximising profits for the racing industry and returns for …

The International Betting Integrity Association (IBIA) has urged the government of Australia to withdraw in-play betting restrictions as a means to further protect its regulated sports betting market and consumers from black-market threats.  The IBIA made its statement as part of its response to an open consultation on the Australian Sports Wagering Scheme (ASWS) – Australia’s integrity framework protecting sports …

Tabcorp Holdings has confirmed that Group Chief Executive David Attenborough will be stepping down in the first half of next year. Attenborough initially joined Tabcorp in April 2010 as managing director for wagering. He then became Managing Director and CEO following Tabcorp’s demerger of its former casinos business in June 2011. As CEO of Tabcorp, Attenborough led the firm’s AUS …

Sydney jockey Adam Hyeronimus has been charged with multiple betting offences after it was found he had been wagering on races between 2016-2019. Reported by the Sydney Morning Herald, Hyeronimus was found guilty of 30 out of 31 illegal betting charges in addition to providing false evidence to a stewards’ enquiry. Hyeronimus had placed bets of $500 on two horses …

Stats Perform has extended its multi-year, exclusive official betting data and streaming partnership with Australia’s fast growing Hungry Jack’s National Basketball League (NBL).  The extension will see Stats Perform provide exclusive live streams for betting, as well as collect and distribute in-stadium ultrafast betting data for licensed sportsbooks. Alex Rice, Stats Perform Chief Rights Officer, commented: “Few global basketball leagues …

The New South Wales Office of Responsible Gambling has supported local initiatives that focus on problem gambling prevention and harm minimisation by awarding grants  in excess of AU$1.5 million. The ‘Local Prevention Grants Program’ has distributed the funds across 14 different projects which target a diverse population including those with a focus on Aboriginal communities, culturally and linguistically diverse communities, …