Sportsbet has avoided having to refund a self-excluded punter $26,500 after a regulator found it had not breached its licence, and had no way of knowing he was using a former partner’s account to facilitate his betting.
Nearly 1050 days after the release of the You Win Some, You Lose More report, the Albanese government has finally tabled a response, confirming further details of its gambling reform agenda.
Tabcorp has banned 33 punters for accessing its services in the past 12 months, taking its total list of excluded punters to 100, as it faces regulatory scrutiny over its anti-money laundering compliance.
Gillon McLachlan’s honeymoon as chief executive of Tabcorp has ended. With AUSTRAC having commenced an investigation into the wagering giant, his well-advanced plans for the company's future may have to change course. The impacts will be felt well beyond the walls of the publicly listed company, writes Bren O’Brien.
An Australian punter who was denied a windfall of more than $110,000 and subsequently had his account closed has failed in a bid to get a key industry regulator to get the bookmaker to stand by the winning bets.
Tabcorp has become the latest Australian wagering company to be investigated by AUSTRAC, as the financial crimes regulator increases its focus on corporate bookmakers’ compliance with anti-money-laundering and counter-terrorism funding laws.
Sportsbet defied the ongoing decline in the Australian racing market to post a jump in revenue in the first quarter of 2026, as its under-pressure global parent company confirmed a series of leadership changes focused on its American business.
In the United States, computer-assisted wagering, or CAW, has shifted from niche tactic to industry flashpoint, raising urgent questions about fairness, market structure and whether technology-driven betting is enhancing or eroding racing’s parimutuel foundations, in a development which could have implications on plans for a national tote in Australia.
Entain has become the latest wagering company found to have breached its BetStop obligations, with more than 500 instances of self-excluded customers accessing its services.
Tabcorp is on the brink of realising a generational ambition to create a single national tote across Australia. But two months out from its slated launch, scepticism remains as to what its impact may be and even when it will be rolled out. Bren O’Brien looks at the key unanswered questions.
