Tag Archives: Australian Securities Exchange

Australian police close Tabcorp bribery investigation

The Australian Federal Police have decided to close a three-year inquiry into lotteries and betting operator Tabcorp due to the lack of evidence. The investigation, which led to the resignation of Chief Executive of the Australian Securities Exchange (ASX) Elmer Funke Kupper, was looking into bribery charges made against Tabcorp Holdings, relating to a $200,000 payment made to family members …

Read More »

Crown Resorts agrees to CrownBet sale

Copyright: amasterpics123 / 123RF Stock Photo

Crown resorts has announced an agreement to sell its stake in CrownBet, as part of the company’s ongoing debt reduction strategy. The Australian gaming and entertainment group is to recoup AU$150m for its 62% interest in CrownBet, together with loans advanced by it to CrownBet. In a statement released to the Australian Securities Exchange (ASX), it was detailed that a …

Read More »

TopBetta seeks September ASX listing

Australian wagering and fantasy sports operator TopBetta is set to list on the Australian Securities Exchange (ASX) as its seeks to raise between AUS $5 – $7 million in investment. The company has targeted a September listing, as it seeks to fund its expansion within the burgeoning Australian online betting market. TopBetta governance stated that it would use its hybrid …

Read More »