Tag Archives: australia

Arena Racing Company to see prize money soar past £35m mark

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The Arena Racing Company (ARC) has announced that prize money across its 15 strong racecourse portfolio is to exceed £35m this year. Stating a “central role” that has been played in “helping ensure there are record levels of prize money in British Racing,” ARC also stresses that it has significantly increased its investment in prize money through its executive contribution, …

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Lottoland offers Australian newsagents share of profits

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Lottoland Australia has offered the nation’s 4,000 news and lottery agents a profit sharing agreement, which will see newsagents receive a share on every bet on overseas lotteries that they refer to the company. Designed to “ensure wider choice for customers – and additional revenue for newsagents” through the offer of 20 percent, which it states could be worth “thousands …

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Winning Post – Gambling debate rages on in British Parliament

Regulus Partners, the strategic consultancy focused on international gambling and related industries, takes a look at some key developments for the gambling industry in its ‘Winning Post’ column. Belgium and Australia: Fiscal-regulatory policy – The house doesn’t always win Gambling operators have been on the wrong side of global fiscal-regulatory developments with alarming regulatory of late; but trends are there …

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Enlarged Tabcorp restructures marketing divisions

The governance of Tabcorp Holdings has begun to consolidate its business operations with AUS $11 billion merger partner Tatts Group. The Australia ASX-listed operator has moved to realign its enlarged corporate marketing framework, which will service multiple Tabcorp/Tatts betting, lottery, keno and racing brands. Triggering the merger consolidation process, Australian news sources have revealed that Tatts Group Chief Marketing Officer …

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Winning Post – The current state of the Australian market

Regulus Partners, the strategic consultancy focused on international gambling and related industries, gives an insight into some of the key developments in the gambling industry as part of its ‘Winning Post’ column. Australia: market development – the state they’re in The Australian betting market was significantly rearranged this week, with William Hill bowing out and Stars becoming an important player. New …

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Paddy Power Betfair out guns 2017 expectations

Publishing its preliminary full-year 2017 results, FTSE100 betting group Paddy Power Betfair Plc (PPB) reports strong growth across its core metrics and KPIs, as the company delivers on key merger projects and initiatives. Completing year 2 as an enlarged enterprise, PPB reports a 13% increase in group revenues to £1.7 billion (FY 2016: £1.5 billion), driven by a 16% growth …

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Tatts details strong lottery momentum ahead of Tabcorp alignment

Australia ASX-listed gambling group Tabcorp Holdings, has published the final trading statement of Tatts Group Limited, as the companies move to combine their operations in 2018. Publishing H1 2018 results (period ending 31 December), Tatts reports a 19% increase in period revenues generated from ordinary activities of AUS $ 1.37  billion. Tatts revenue uplift was primarily driven by its lottery …

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New look William Hill leadership confident of delivering successful ‘next chapter’

William Hill’s new leadership team is confident of delivering the FTSE bookmaker’s ‘next chapter’ having closed a group-wide transformative 2017. The bookmaker’s £238 million impairment charge on the value of its Australian business, dominated industry headlines last week, as William Hill Chief Executive Philip Bowcock presented full-year 2017 results. Despite the Australian downturn, Bowcock details to investors that William Hill has undertaken …

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