Yesterday
Tabcorp hit with strike over ‘excessive’ pay
It is the first strike against Tabcorp’s remuneration report since 2018.
- Zoe Samios
This Month
NSW club plans 100-room hotel to offset slide in pokies income
Club Sapphire Merimbula on the NSW South Coast hopes to build the tourist accommodation to create a new revenue source as gaming revenue declines.
- Larry Schlesinger
Tabcorp wagering revenue falls, shares plunge 10pc
The ASX-listed operator took the unusual step of providing the market with first-quarter revenue in an attempt to provide clarity on broad market conditions.
- Zoe Samios
Who’s to blame for News Corp’s $75m gambling problem?
The launch of gambling start-up Betr was supposed to be the next strategic play for News Corp. Just four months after launch and $75 million later, it was out.
- Zoe Samios, Sam Buckingham-Jones and Mark Di Stefano
- Exclusive
- News Corp
News Corp quietly sold out of Betr after four months, despite $70m investment
The Murdoch family’s media empire is no longer a shareholder in the wagering group run by wealthy bookmaker Matthew Tripp, the company has confirmed.
- Zoe Samios and Sam Buckingham-Jones
- Updated
- Retail
Pubs giant Endeavour folds on Wavish board tilt
Major shareholder Bruce Mathieson says some good has come of the “ill winds” in the boardroom but chairman Peter Hearl’s position is now untenable.
- Updated
- Simon Evans
Bookmaker asks for more time to process largest gambling payout ever
After the Pies and Panthers victories in the AFL and NRL over the weekend, online bookmaker Betr has begun the largest payout in sports gambling history.
- Updated
- Mark Di Stefano and Sam Buckingham-Jones
- Opinion
- Chanticleer
Is the man who listed Dick Smith right to turn around Endeavour?
The Dan Murphy’s owner is ripe for a shake-up, but is the man who helped private equity make millions at Myer and Dick Smith the best person to deliver it?
- Anthony Macdonald
September
Star receives lukewarm reception from insto investors in $565m raise
The raise – and a retail component worth $185 million – is part of a broader package of measures designed to shore up the embattled casino group.
- Updated
- Kylar Loussikian
Roger Corbett backs Mathiesons, says Dan Murphy’s has ‘lost its mojo’
The former Woolworths chief executive, along with the pub billionaire, wants ex-Myer chairman Bill Wavish appointed to the board of Endeavour.
- Carrie LaFrenz
Star Entertainment restructures debt, raises $750m at large discount
The casino operator’s chief executive, Robbie Cooke, says the new financing and a $450 million debt facility is a “key milestone” in the company’s renewal.
- Kylar Loussikian
Betr profitable and in the market for deals, Matt Tripp says
In an interview, the veteran bookmaker says the wagering group started with News Corp is no longer for sale and has raised new finance.
- Kylar Loussikian
North Korea behind $60m heist from Young Rich Lister’s crypto casino
The FBI has credited North Korea’s notorious Lazarus Group, also known as APT38, for the hack.
- Max Mason
More than $60m stolen from Young Rich Lister’s crypto casino
Stake.com confirmed that “unauthorised” transactions had taken place but said user funds were safe.
- Max Mason
August
The $1.1b reason Star’s problems aren’t over
Star Entertainment has been pulled apart and CEO Robbie Cooke is trying to put it back together. It will only be possible if it can get a debt deal done quickly.
- Updated
- Anthony Macdonald
Tabcorp posts $66.5m profit post demerger, digital market share slides
The company, which operates media and gaming services, increased statutory revenue by 2.6 per cent to $2.4 billion and earnings before interest.
- Zoe Samios
Pub baron seeks green light to lift Star stake
Billionaire businessman Bruce Mathieson already owns a 9.97 per cent stake in the embattled wagering group, but wants the option of acquiring a larger share, sources said.
- Zoe Samios
Endeavour boss says top drops are still selling
The company behind Dan Murphy’s and BWS says shoppers are still willing to spend on a $40 bottle of wine or a premium champagne.
- Updated
- Carrie LaFrenz
Fantasy sports start-up seeks fresh funds; big-name investors saddle up
Group1 Sports claims around 1 million Australians bet on horse racing in a typical month.
- Sarah Thompson, Kanika Sood and Emma Rapaport
JPMorgan, BofA trade Lottery Corp line
Multiple brokers were on hand, including the equity capital markets desks at Bank of America and JP Morgan.
- Sarah Thompson, Kanika Sood and Emma Rapaport
