Oceania

Tasmanian based UBet has pleaded guilty to two advertising breaches, and become the first company in New South Wales (NSW) to be convicted of promoting drinking while gambling. Following an investigation by Liquor & Gaming NSW, UBet was successfully prosecuted in Downing Centre Local Court. Deputy Chief Magistrate Jane Mottley fined the company $3,300 and awarding costs of $4,500. As …

Work will soon begin on a new 71-story hotel and casino complex in Sydney, after Australian mogul James Packer won approval for the building from NSW’s Planning Assessment Commission (PAC). This was the final planning process hurdle for Packer, who won the rights to build the Crown Resorts complex after a bidding war with The Star Casino in 2012, and …

Australian gambling operator Tatts Group (Tatts), has confirmed the sale of its UK slots division Talarius to Novomatic Group for AUS $210 million (£116 million). Updating the market, Tatts governance informed that proceeds from the sale would be used to pay down its corporate debt, as the company targets year-end profits of AUS $255 – 265 million, performing slightly under …

Presenting new budget plans, the South Australia state treasury is set to introduce a ‘place of consumption’ (POC) tax for all licensed gambling operator services regardless of Australian jurisdiction.   Updating the media, SA treasurer Tom Koutsantonis detailed that the budget measure expects to generate approximately AUS $9.2 million a year from betting operators targeting SA consumers. The SA POC …

Tabcorp is part of a 3-way race for a wagering deal with New Zealand’s TAB, as the Australian company looks to push into overseas markets and diversify its earnings. NZRB chief executive John Allen commented: “The New Zealand Racing Board is currently in discussions with three organisations, of which Tabcorp is one, to explore options to automate our fixed-odds betting …

Seeking to soften the blow of its underperforming Macau division, Australian casino operator Crown Resorts Ltd is reported to be seeking to spilt its domestic and international business assets. The casino and leisure operator, which is majority owned by Australian property tycoon James Packer (53% equity) stated that it was considering demerging its domestic division by creating a new ‘listed …

Australian online betting operator Favourit (favourit.com) has ceased its operations, no longer accepting wagers or deposits from customers following its failed Australian Securities Exchange (ASX) IPO by  new owners Celsius Coal (Celsius). This weekend Australian business news sources reported that Perth businessman Ranko Matic, investor in mining company Celsius, had been blocked off the company’s planned ASX listing by Australia’s Securities …

The Australian Competition and Consumer Commission (ACCC) had pushed for Bet365 to receive more that double the AU$2.75m fine it has received for posting a misleading sign-up offer on its Australian site. The ACCC believed that the bookmaker should pay between AU$5m- $6m for the sign up offer, which was accidentally promoted between March 2013 and January 2014 on its Australian landing page …

Continuing the restructure of its lottery division, Australian gambling operator Tatts Group has created unified brand ‘The Lott’, which will align the services of state lotto operators Golden Casket, New South Wales Lotteries, Tatts, South Australia Lotteries and Tatts Northern Territory. New brand ‘The Lott’ will be introduced this June throughout all Tatts Group lottery assets and delivery channels (desktop, …

Sportsbetting supplier SBTech is to showcase its cutting-edge product portfolio at the iGaming Super Show in Amsterdam June 7th – 10th at stand B60. SBTech believes combination of localised offerings, expert legal oversight, versatile tools and expert industry knowledge has positioned it as a ‘world-leading sportsbetting provider’. This is shown be the wide geographical spread of its operating partners, who are based in the …