Tap on – Tabcorp gets ACMA all clear on in-play, in-app, in-venue betting
Tabcorp’s retail-led strategy has received a legal boost with a key national gambling regulator ruling its Tap in-play service did not breach federal gambling laws.
Tabcorp’s retail-led strategy has received a legal boost with a key national gambling regulator ruling its Tap in-play service did not breach federal gambling laws.
With recent research indicating that the Australian racing industry is losing $135 million a year to illegal offshore operators, it is not surprising to see Racing Victoria chief executive Aaron Morrison call it out as a major issue for racing, but Bren O’Brien wonders if the industry is trying to have an each-way bet.
The relationship between Tabcorp and the Victorian racing industry continues to strengthen, with the wagering and media company regaining the state’s international media distribution rights.
Australia has the highest rate of per capita spending on regulated gambling in the world, but how do those numbers compare when we focus them on just racing and sports and break them down state-by-state? Bren O’Brien investigates.
NextBet will step up its mergers and acquisitions play in Australia with confirmation that PlayUp will be rolled into its platform from March 1.
The prospects of an acquisition deal between Tabcorp and wagering technology firm BetMakers have evaporated less than 24 hours since reports circulated that the wagering giant was considering making a takeover bid.
Tabcorp allowed Australian punters to bet online in-play on 32 tennis matches over a 16-month period, with the wagering company blaming a third-party provider for the breach of gambling laws, which cost it a $158,400 fine.
With Kalshi facilitating over US$1 billion of trading volume on Monday’s Super Bowl and rival Polymarket also reporting a massive surge in trade, America’s latest betting revolution has gathered further steam, but there are a host of burning questions around prediction markets.
ASX-listed BetMakers has entered a trading halt pending an announcement, with the technology company linked to a possible acquisition by Tabcorp.
Japan isn’t alone in confronting the challenge of billions of dollars moving offshore through global black market sports betting platforms, but its determination to keep broad sports betting illegal in the country makes it an even harder task, writes Bren O’Brien.