Wagering

In the latest Waterhouse VC newsletter, the enormous growth of prediction markets, facilitated by the likes of Kalshi, is in the spotlight.

Flutter has beat a hasty retreat from India, halting its operations in the world’s most populated nation after the sudden passage of legislation banning online gambling.

Tabcorp has turned around its financial fortunes, bouncing back from a $1.4 billion loss last year into profit in the first year of Gillon McLachlan's tenure as chief executive.

Andrew Vouris has been appointed the Chief Executive Officer of Entain Australia & New Zealand on a permanent basis, having first stepped into the role in June.

Not content with its protracted takeover battle for PointsBet, betr has been linked with a play for the Australian business of Entain.

MIXI has further sweetened its play for Australian bookmaker PointsBet, with $1.30 per share on offer to shareholders should the Japanese company secure 90 per cent of the takeover target.

Sponsorship deals for Australian race clubs have evolved far beyond a bit of branding on the winning post. But while these agreements provide valuable revenue for clubs, what’s in it for the sponsors, particularly Australia’s corporate bookmakers?