Wagering

Racing Wodonga is the latest Australian thoroughbred club to team up with corporate bookmaker Picklebet after securing a five-year naming rights deal.

Undeterred by an order which restrains betr from putting its full bidder statement in front of PointsBet shareholders, the Matthew Tripp-led bookmaker has increased its offer for its rival substantially, valuing the company at close to $450 million, only to again be rebuffed.

Jason Scott has wasted little time returning to the wagering industry, and this week was appointed CEO of ambitious player The Booki Group, the owners of PonyBet.

A US racetrack will close betting into its win pools at two minutes before the advertised start time of each race in a bid to curb the impact of sophisticated professionals using computer-assisted wagering (CAW) methods.

In mature wagering markets, regulation serves three fundamental purposes: protecting consumers, maintaining market integrity, and generating sustainable tax revenue. In principle, these aims are aligned. In practice, they can come into conflict.

Betfair has become the third Australian wagering company in the space of two months to be fined heavily by ACMA over its marketing practices.

The deals between Bendigo Jockey Club and online bookmaker Ladbrokes, and Picklebet and Warwick Turf Club, come off the back of two Sportsbet deals in Queensland.