Yesterday
Tabcorp hit with strike over ‘excessive’ pay
It is the first strike against Tabcorp’s remuneration report since 2018.
- Zoe Samios
This Month
Three major proxy firms now dispute Tabcorp CEO, directors pay
Ownership Matters and ISS have joined the Australian Shareholders’ Association in opposition to the proposed pay packets of the wagering giant’s CEO and directors.
- Zoe Samios
Rich Lister accused of encouraging ‘incredibly inappropriate’ behaviour
Online casino entrepreneur Ed Craven has been accused of encouraging inappropriate behaviour towards a female escort on his live-streaming platform.
- Primrose Riordan and Tess Bennett
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
September
Reclusive Sydney gambling mogul emerges as kingmaker in South Africa
Martin Moshal is the largest individual political donor in South Africa, according to electoral records analysed by a non-profit.
- Primrose Riordan
Country’s online gambling ministers to meet amid credit card crackdown
The government is introducing a law to ban the use of credit cards and digital currencies for online gambling.
- Sam Buckingham-Jones
August
PointsBet: Goodbye US, hello profit?
PointsBet’s price soared in 2020 as it put its stamp on the American market. With its US exit almost complete, analysts are wondering about long-term profitability.
- Zoe Samios
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
Ladbrokes operator Entain axes nearly 10pc of local headcount
The local offshoot of the London-listed wagering firm has also slowed plans to hire staff as part of a cost-cutting mandate from its parent this month.
- Zoe Samios
Star Swans player’s gambling podcast sparks watchdog scrutiny
Tom Papley’s betting podcast comes only months after the club signed onto a major anti-gambling initiative.
- Mark Di Stefano
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
July
PlayUp pauses $10m capital raise after US business hit by regulator
The Sydney-based fantasy sports gambling outfit wants to sell its US operations before recommencing a search for fresh funding.
- Aaron Weinman and Max Mason
Offshore jackpots pose risk to Lottery Corp: Barrenjoey
The Lottery Office is aggressively advertising its offshore draws. Barrenjoey believes this could present a risk to the ASX’s Lottery Corporation.
- Zoe Samios
Fantasy sport platform’s US staff endure wages delay amid messy exit
Over roughly three weeks, the betting company’s US staff were left wondering about their pay and employee benefits. The CEO now says payments are being processed immediately.
- Aaron Weinman and Max Mason
PlayUp searches for $10m as it untangles itself from FTX deal
The fantasy sports gambling outfit once backed by Malcolm Turnbull is also mulling selling its assets in the US after a failure to list on the Nasdaq.
- Max Mason and Aaron Weinman
Sportsbet splashed more than $64m on gambling ads in 18 months
Confidential spending data shows the extent of spending by bookmakers at a time when the government is considering whether to ban wagering advertising.
- Zoe Samios
June
Government to meet broadcasters, bookmakers over advertising ban
The first phase of a ban on online gambling advertising could be in before the end of the year – if adopted, the chair of a parliamentary inquiry says.
- Zoe Samios and Sam Buckingham-Jones
DraftKings lobs surprise $283m bid for PointsBet’s US business
The non-binding offer for the ASX-listed wagering group bests an earlier proposal from Florida-headquartered Fanatics and was disclosed late on Friday evening.
- Zoe Samios
May
Gambling technology company BetMakers to axe 100 jobs
The company’s chief executive, Jake Henson said the planned cuts were the result of a four-month strategic review designed to position the business for growth.
- Zoe Samios
