A $1 million wager by JP McManus on the George Boughey-trained Hopewell Rock, laid by Lyndon Cleary, Chris Lester and Swiftbet was the biggest bet at Monday's Melbourne Cup Call of the Card at Crown.
ASIC chair Sarah Court says the regulator is not convinced retail prediction markets are in the public interest, likening them to banned binary options, as lookalike products hit the Australian market.
Tabcorp chief executive Gillon McLachlan has told shareholders that One Pool is beating fixed odds in about 60 per cent of races as the company pursues international pooling, retail upgrades and the proposed BetMakers takeover while cooperating with an AUSTRAC investigation.
The union between media and wagering remains fluid and convoluted as both industries weigh the costs and opportunities of controlling sports content, reaching audiences and converting attention into commercial returns.
While the casino sector has been left reeling after Star Entertainment was forced to pay $260 million in fines for anti-money laundering and counter-terrorism financing program failures, two of Australia’s big three wagering companies watched with interest.
ASX-listed bookmaker betr believes it is taking market share from rivals after lifting its September-quarter turnover by 19.1 per cent and reaffirming its FY27 earnings guidance, with its net win margin rebounding in the first three weeks of October.
Wagering tech company Apollo Tech has entered liquidation, prompting a NSW regulatory investigation into its collapse and possible impact on online bookmakers, as investors question where their money went.
Ex-AFL players Mitch Robinson and Rhys Mathieson promoted offshore operator Vegastars on Instagram and YouTube, prompting official warnings from regulator ACMA as focus turns to the regulated market ahead of pending crackdowns on influencers in Australia.
Sportsbet's parent company will shed up to 1400 roles to offset steeper UK duties, with the cuts part of a group-wide cost overhaul.
Dabble's first and only CEO, Tom Rundle, will leave at the end of October, after a six-year period in which the Australian start-up launched in both the US and UK.
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