Tag Archives: luxbet

Tabcorp extends South Australia retail exclusivity

Australian gaming operator Tabcorp has seen a retail exclusivity within one of its home states receive an tentative extension agreement, pending approval by the Independent Gambling Authority. Operating through its wholly owned subsidiary ‘UBET SA Pty Ltd,’ the retail wagering license with South Australia is now set to be exclusive until the end of 2032, after its new arrangements are …

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Cost of Tatts pursuit weighs heavily on Tabcorp’s 2017 results

The AUS $11 billion merger pursuit of Tatts Group, has significantly impacted the performance of Australia ASX-listed gambling group Tabcorp Holdings. Following a year of judicial hearings and compliance reviews, Tabcorp governance announced last December that it had secured final approval to complete its merger with Tatts Group. However, publishing its half-year 2018 results (period ending 31 December), Tabcorp reports …

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Tabcorp shuts down loss making Luxbet

Tabcorp Holdings has decided to shut down online property Luxbet (luxbet.com), as the company focuses on completing its approved AUS $11 billion merger with Tatts Group. The underperforming online betting division had been under strategic review throughout 2017. In its latest trading update, Tabcorp governance disclosed that Luxbet had made pre-tax losses of approximately AUS $13 million (£7.5 million) for …

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Tabcorp governance reviews Luxbet asset

The Australian Business Review has reported that Tabcorp Holdings governance may fold its online sports betting brand Luxbet (Luxbet.com). The Tabcorp asset is currently under review, with Group CEO David Attenborough revealing that the sports betting brand was set to report record losses for its 2017 performance. Following this month’s Australian Competition Tribunal (ACT) approval of the merger of Tabcorp …

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Unikrn announce all female professional eSports team

The latest news from eSports and entertainment firm Unikrn is the announcement of the creation of Team Unikrn, an all female CS:GO professional eSports team.   The team is made up of players from across Europe; these include Melania “Gina” Mylioti (Greece), Julia “Julie” Strunkowski (Germany), Perrine “Lalità” Allesiardo (France), Sophia “Kim” Benfakir (France) and Camilla “Parmaviolet” (UK). Unikrn CEO …

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Bookmakers celebrating 100/1 Melbourne Cup winner

Bookmakers were cheering yesterday after the Melbourne Cup was won by 100/1 shot Prince Of Penzance, the longest winner in Australia’s most famous race since 1940. It is also the first time a female jockey has ridden the winner in the race’s 155-year history, giving Michelle Payne the opportunity to speak out over the sexism she has encountered. “It is …

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Sportsbet wins ‘Operator of the Year’ at EGR Australia Awards

Paddy Power owned Australian betting operator Sportsbet.com.au won ‘Operator of the Year’ at the eGaming Review Australia Awards, held at the Sydney Shangri-La Hotel. Sportsbet.com.au beat competition from Australian focused betting operators TAB and Tom Waterhouse (William Hill) and international operator Betfair to claim the ‘Operator of the Year’ title. The Paddy Power Australian sports betting subsidiary also took home …

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Tabcorp CEO criticises online bookmakers

David Attenborough, CEO of TABCORP, has openly slammed online-only bookmakers in Australia over the relatively low rates of tax they pay, the minimal contributions they return to the racing industry, and their reliance on extending credit to their customers. Tabcorp is the major operator of retail TABs in New South Wales (NSW) and Victoria in Australia, and in these locations, …

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