Oceania

Oceanic news – Australia and nearby countries

NSW to take ‘zero tolerance approach’ on pub betting advertising from December

NSW to take ‘zero tolerance approach’ on pub betting advertising from December

Pubs and clubs in New South Wales (NSW) are overwhelmingly complying with new regulations around public advertising, according to the state regulator. State-wide reforms to betting regulation have imposed a range of new rules for the local industry from 1 September onwards, including a requirement for all alcohol-serving venues to remove external gambling signage.  A Liquor and Gaming New South …

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News Corp further cuts Betr ties by selling shares

betr

News Corp sold its shares in Australian sports betting start-up Betr, according to the Australian Financial Review, just four months after the operator’s launch. The international media conglomerate reportedly offloaded its shares as it continues to distance itself from the sportsbook despite being an initial early investor and a 47% stakeholder in the project, which is headed by Matt Tripp …

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PointsBet Aus extends deal with BetMakers for ‘vital’ Price Manager

Vermantia and ARC launch global channel to shakeup Tote betting broadcasting

BetMakers has extended its agreement with PointsBet Australia for fixed odds solutions, content, and data services. BetMakers’ expanded commercial agreement with the ASX-listed sports wagering operator includes Price Manager, an all-in-one fixed odds solution that combines BetMakers’ price management and automated trading strategies with its proprietary rating and pricing model.  Matthew Rix, Chief Trading and Operations Officer at PointsBet, said: …

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New legislation keeps Victoria’s foot on the pedal of Australian betting reform

SBC News New legislation keeps Victoria's foot on the pedal of Australian betting reform

The state of Victoria is on track to introduce some of Australia’s most extensive player protection laws under a new legislation proposed by the government, the Gambling Legislation Amendment Bill 2023. Drafted and sent to parliament by state Minister for Casino, Gaming and Liquor Regulation, Melissa Horne, of the governing Labor Party, the Bill proposes new measures for both sports …

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TAB venues face VGCCC wrath over minor gambling breaches

VGCCC hands largest ever AUS$1m fine to Tabcorp

Tabcorp along with eight venues have been charged by the Victorian Gambling and Casino Control Commission (VGCCC) for allegedly allowing minors to gamble. In breach of the Gambling Regulation Act 2003, Tabcorp faces a total of 54 charges from the VGCCC, including 27 counts of allowing a minor to gamble and failing to reasonably supervise its electronic betting terminals. The VGCCC has charged eight …

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Australian government sets sights on credit card betting ban

Australian government sets sights on credit card betting ban

The Australian government’s hands-on approach to betting regulation continued this week as the Anthony Albanese administration introduced new legislation to parliament. Payments are under the spotlight in the government’s latest betting crackdown, specifically credit card transactions and the use of digital currencies – it can be assumed the government is targeting crypto under this definition – for online betting. To …

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Tabcorp resolves Australian Tax Office dispute for AUD$83m refund

Tabcorp resolves Australian Tax Office dispute for AUD$83m refund

Tabcorp Holdings has received an AUD$83m refund from the Australian Tax Office (ATO) after settling a dispute with the government body. The operator, one of the market leaders in Australian betting and gaming via its TAB sportsbook brand, had been at loggerheads with the ATO regarding income tax treatment of payments for ‘various licences and authorities’. The $83m refund represents …

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“We understand it better than anyone” – Rivalry undeterred on Gen Z focus post-Q2

Rivalry

Focusing on the Gen Z and millennial demographic was going smoothly and without a hitch for Rivalry until Q2 this year, when the firm revealed that its margin had been negatively impacted by some behavioural changes among this audience.  Despite this, CEO and Co-Founder Steven Salz explained to SBC following its Q2 earnings call that the group would continue doing …

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VGCCC hands largest ever AUS$1m fine to Tabcorp

VGCCC hands largest ever AUS$1m fine to Tabcorp

The Victorian Gambling and Casino Control Commission (VGCCC) has completed a three-year investigation into Tabcorp, issuing the firm a fine of AUS$1m (€6m). Tabcorp, the largest gaming company in Australia and one of the market leaders in sports betting via its TAB brand, was charged with failing to comply with VGCCC directives to provide information during an outage. The ASX-listed …

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BetMakers maps out 2024 cost-reduction programme 

BetMakers pon ‘path to profitability’ with restructuring and cost reduction

BetMakers has notified investors that it expects to “normalise its operating cost base” by the end of full-year 2024 trading. The objective was outlined in the concluding statement of the ASX wagering technology group’s FY2022/2023 investor update, published on 30 August. Tough trading saw BetMakers miss the targets of its corporate consensus as group revenues increased by only 3.7% to …

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