Forced into a likely move overseas by the latest changes to gambling laws, social media influencer Ben Scarf doesn’t want sympathy. But he does hold concerns about how the landmark shift will impact the Australian wagering industry.
Tabcorp’s national tote will be known as One Pool as the company pencils in an October launch date for its long-awaited merged parimutuel product.
Tabcorp’s actions on ‘higher-risk’ customers have resulted in more banning notices being issued, with a swathe of punters recently notified they could no longer transact with the betting company.
BetMakers says a renewed focus on technology, automation and cost control paid off in FY26, with the wagering technology group reporting stronger revenue and a more than threefold increase in underlying earnings as it heads towards a proposed takeover by Tabcorp.
In this month's Waterhouse VC newsletter, from ice-cream shops to sports bars, businesses are beginning to use prediction markets to offset revenue risks, opening the door to a new generation of risk-management platforms.
Betr has launched a same-game multi innovation inspired by a company hackathon as it remains on target to hit its EBITDA guidance of between $13 million and $19 million in the current financial year.
The national tote launch is weeks away, with Tabcorp awaiting final sign-off from the NSW regulator for the initiative, which it believes can halt the five-year decline in racing turnover.
Tabcorp has delivered significantly higher earnings from almost unchanged revenue, as cost-cutting measures and operational improvements continue to underpin the company's turnaround, and sports wagering continues to take share from racing.
Yolo Investments, the venture gaming firm founded by Australian entrepreneur Tim Heath, claims an AI-native team launched a fully licensed real-money casino and sportsbook in just 24 days. It is just the latest example of how AI will disrupt the global gambling industry.
PointsBet has detailed advertising cutbacks, tighter VIP controls and its concerns over compliance costs during its annual general meeting, while urging Canberra to target offshore operators, influencers and payment channels.
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