Wagering

MIXI’s intended takeover of Australian bookmaker PointsBet has cleared another regulatory hurdle, with Canadian authorities offering no objection to the $400 million acquisition by the Japanese company.

New Zealand punters will no longer be able to bet on racing and sports through Betfair from July 23.

Professional punters in the United States are tipping the end of their profession with a major change in tax obligations.

The Australian federal government is well aware of the threat posed by unregulated overseas gambling operators, but as Bren O’Brien discusses, the federal body charged with policing the issue remains largely powerless to stop the flow of money.

The Northern Territory Racing and Wagering Commission has fined Sportsbet $92,500 over SMS marketing breaches involving more than 150 customers.

Betr is back in the hunt for PointsBet after a “system error” was blamed for a voting glitch, which initially saw MIXI’s bid for the wagering company approved, only for that to be revoked after Betr called for a recount.

The protracted saga over the takeover of publicly listed wagering company PointsBet is set to continue, with the outcome of a shareholder vote which favoured the bid of MIXI being contested by rival betr.