Tag Archives: BETR

Joey Levy, Betr: Exploring the macro future of micro-betting

SBC News Joey Levy, Betr: Exploring the macro future of micro-betting

Microbetting and gamification are intrinsically linked and pose immense value for the development of global sports betting, emphasises Joey Levy, CEO of Betr, in an interview before his appearance at the SBC Summit Latinoamerica. Due to take the stage on a panel examining the trend of microbetting, Levy spoke to SBC Media ahead of the Miami event to reflect on …

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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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NSW regulator hits Betr with record AU$210k fine for launch marketing

NSW regulator hits Betr with record AU$210k fine for launch marketing

Australian sports betting start-up Betr has found itself navigating choppy regulatory waters in New South Wales (NSW), as the state’s gambling authority handed it an AS$210,000 fine. Liquor & Gaming NSW issued the firm 14 penalty infringements for marketing to promote its launch in October 2022,  specifically for advertising 100/1 and 20/1 odds on major sports events in newspapers, on …

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News Corp gets cold feet on Betr investment 

betr

Concerns are mounting on the future of Betr, as Australian news sources report growing rifts between the owners of the company. Betr, which made its market debut during last year’s Spring Carnival, is a new Australian sportsbook venture led by Matthew Tripp’s TGW business, with the support of the Tekkorp Las Vegas fund and the Murdoch family’s News Corp media …

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News Corp to tighten investment in Betr 

SBC News News Corp to tighten investment in Betr 

News Corp, the global media conglomerate of the Murdoch Family, is reported to be scaling down its investment in Australian sportsbook challenger Betr.  As reported by the Australian Financial Review (AFR.com), News Corp seeks to “water down its investment in Betr”, the sportsbook venture of Matthew Tripp in which it owns a 47% stake. Investment concerns have grown due to …

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BetMakers ‘to deliver next phase of growth’ after 1H23 business development

BetMakers ‘to deliver next phase of growth’ after 1H23 business development

BetMakers Technology Group finalised a six month period of ‘significant investment’ with strong revenue growth across two of its core verticals, amid major commercial developments for the firm. The B2B betting technology supplier, an ASX-listed enterprise, revealed revenue for 1H23 (1 July-31 December 2022) of A$46.7m, up 7.5% on corresponding H122 earnings of A$43.5m. On the other hand, the group …

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Todd Buckingham: BetMakers… Jumpstart Australia

SBC News Todd Buckingham: BetMakers... Jumpstart Australia

2022 saw Australia’s sports betting market transformed by the break-up of Tabcorp Holdings and regulatory consensus agreed on wagering laws/standards settled across Australia’s six states. As Australian wagering enters its next evolution, Todd Buckingham, CEO of BetMakers seeks to take full advantage of changes, backing new sportsbook venture BETR and expanding the Global Tote to revitalise racing markets.  ____________ SBC: …

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PointsBet in preliminary discussions to sell Australia arm to newcomer NTD

PointsBet in preliminary discussions to sell Australia arm to newcomer NTD

International betting company PointsBet has entered into discussions with newly launched Australian operator NTD for the sale of its operating arm in the country.  PointsBet confirmed that preliminary discussions were underway following reports of the potential transaction in The Australian newspaper.  The firm stated that any decisions taken would be done so in pursuit of its objective of maximising value …

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WA TAB sale scrapped as state government tempts no suitors

SBC News WA TAB sale scrapped as state government tempts no suitors

The government of Western Australia has axed plans to sell WA TAB betting offices following rejection of sales terms by all suitable parties. This week, WA Premier Mark McGowan issued a statement to local media, confirming that his administration would no longer proceed with its planned sale of WA TAB. McGowan outlined that the WA government had failed to secure …

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BetMakers closes Q1 FY23 with AUS$64m cash balance as global operations ramp up

BetMakers ASX enterprise

Having secured terms to two major partnerships during the first quarter of FY23 (Q3 2022), BetMakers has closed the three-month period in a strong financial and commercial position. In a statement to its investors on the ASX, the sportsbook platform provider detailed that its total cash receipts for Q1 FY23 – July to September 2022 – stood at AUS$23.8m, a …

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