PointsBet has attributed a 16 per cent fall in first-half group revenue to stronger compliance standards in its Australian business and adverse sports results as it expands its mass-market sports customer base.
Reform advocates unhappy with the federal government’s recent changes to wagering laws are uniting behind a push to impose significant restrictions, including deposit limits, in the Northern Territory.
An American survey has found 26 per cent of Gen Z investors regard sports betting as part of their long-term financial strategy, highlighting a generational shift in wagering behaviour. Where does racing fit into this trend?
One Pool’s launch is an important step towards reviving parimutuel betting in Australia. But bigger pools are only the starting point. The test is whether they deliver competitive dividends and rebuild customer confidence - and Hong Kong’s early-season wagering weakness offers a possible warning about the risks.
A national tote has been a long time coming, but Tabcorp chief wagering officer Michael Fitzsimons says Friday’s launch is just one step on a journey to revive parimutuel betting, and that key initiatives, including a wholesale tote model, are underway.
Tabcorp is introducing a host of changes, including residency and identity checks, to its accounts while widening controls on withdrawals and setting out how dividends can be declared.
AI-powered betting agents could become wagering’s equivalent of autopilot, giving punters the ability to automate research, strategy execution and bet placement.
A Brazilian market that generated R$36.9 billion (AU$10 billion) in revenue last year now has days to return account balances, while football clubs assess the future of betting sponsorship.
Victoria’s gambling regulator fined Tabcorp $350,000 for failing to put extra login checks in place for all betting customers after some accounts were accessed without permission and money was withdrawn with affected customers repaid by their banks or Tabcorp.
A compliance failure left a Palmerbet customer able to wager for months after entering BetStop, prompting an ACMA investigation.
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