CrownBet reimagined – Bookie returns to corporate landscape
Punters have another online wagering option, with CrownBet re-entering the Australian online betting picture after eight years on the sidelines.
Punters have another online wagering option, with CrownBet re-entering the Australian online betting picture after eight years on the sidelines.
Chief executive Gillon McLachlan has praised the greater consistency and capability of Tabcorp after the company recorded small growth in revenue and turnover across the first half of the financial year, despite a drop in digital revenue and the ongoing weakness in racing turnover.
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.