Tag Archives: australia

Tabcorp returns to profits as focus shifts to 2022 split-off  

Tabcorp Holdings has returned to profit, as corporate governance highlights the intrinsic value of its lottery and wagering unit that will operate as stand-alone businesses from 2022 onwards.  Publishing its full-year 2020/2021 results (period ending 30 June), Tabcorp declared statutory group profits of AU$269 million (€166m) – reversing its preceding losses of 870 million (€530m). The ASX gambling group registered …

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Winning Post: How will China choose to control its ‘opium for the mind’

Regulus Partners examines the Chinese government’s crackdown on offshore gambling and real-money games, fulfilling its wider determination to control consumer behaviour and how CCP actions will impact the sector’s regulatory outcomes across Asia.    China’s nineteenth-century battles with opium are one of the generally lesser-known but more profound undercurrents of modern history. Two wars with Britain were fought and lost, …

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Entain to blowout all bid competition in pursuit of TAB

Australia’s sports betting incumbents will be closely monitoring the interim results of Entain Plc, published on Thursday 8 July, to see if the FTSE100 gambling group increases its offer to acquire Tabcorp Holdings’ TAB wagering unit. First off the mark, last February Entain launched its initial AUS $3 billion (€2bn) offer to acquire TAB’s wagering and media divisions – an …

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Royal Ascot secures biggest international coverage for 2021 comeback

This year’s Royal Ascot will feature the biggest international media exposure for the prestigious UK racing festival, hosted from Tuesday 15th to Saturday 19th June. Preparing the festival for its public return, welcoming +12,000 spectators to its racecourse each day, Ascot Racecourse has selected HBA Media to serve as its lead international media rights distributor. Expanding Royal Ascot’s global coverage, …

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BetMakers tables AUS $4bn buyout of TAB to tempt shareholders to form a new Aussie giant.  

BetMakers has become the latest suitor to show its hand in the pursuit to acquire Tabcorp Holdings TAB wagering and media unit.  The ASX-listed racing and wagering systems provider submitted its deal proposal, which values Tabcorp wagering assets at AUS $4 billion (€2.5bn). Wooing Tabcorp shareholders, BetMakers stated that it had proposed the most compelling acquisition for TAB, whose customer …

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Suicide Prevention Australia demands stricter federal controls of online gambling  

Suicide Prevention Australia has submitted its response to the Federal Government’s review of online gambling, stating that “stricter regulation of the gambling sector is required across all Australian states”.  Canberra’s Government has commissioned a ‘Senate Standing Committee’ to review and draft new federal amendments to update Australia’s ‘Interactive Gambling Act’ of 2001. The committee has agreed that it will propose …

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Lottoland reviews London listing options 

Lottoland

Lottoland is reviewing options to further its pursuit of a London public listing, according to City news sources.  The Gibraltar-based online lottery brokerage is reported to have hired Peel Hunt as its strategic financial advisor, charged with leading its bookbuild should the company proceed with its desired London IPO. Founded in 2013 by German digital entrepreneur David von Rosen, Lottoland …

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DraftKings revamps Aussie Rules DFS offering for new AFL season

DraftKings has launched its Australian Rules Football daily fantasy sports product for the Australian market, seeking to engage with wider audiences ahead of the upcoming Australian Football League (AFL) season on 18 March.  Kicking-off the AFL’s new season, DraftKings will host an exclusive opening night DFS competition featuring a top prize of AUS $85,000 (€55,000), the biggest player prize in …

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Betdaq announces free trading for Cheltenham 2021

Global betting exchange Betdaq (Entain Plc) has announced a commission-free offer on all sports across the four days of the upcoming Cheltenham Festival. The operator’s traders will be able to take advantage of 0% commission on all 28 races taking place during the festival (16-19 March), in addition to other major sporting events held during the same period, including UEFA …

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