Gaming & wagering
How big is the threat of illegal offshore wagering?
Some of the country’s biggest bookies have called for the government to consider the proliferation of offshore wagering, prompting criticism from anti-gambling advocates and harm experts.
- by Amelia McGuire
Latest
Analysis
Aristocrat Leisure
The $25 billion pokies giant gambling on tech
Aristocrat is the hidden name behind the headlines when talk turns to Australia’s addiction to poker machines, but the $25 billion group has made its biggest gamble on the tech industry.
- by Colin Kruger
Pokies taxes to be reviewed after claims venues are cashing in on ‘loophole’
The way pokies venues are taxed could be overhauled after a local council accused pubs and clubs of abusing concessions designed to pump money back into the community.
- by Sumeyya Ilanbey
Crime Commission to investigate claims money laundering documents withheld
Independent MP Alex Greenwich has claimed that Liquor and Gaming failed to provide all relevant documents about the extent of money laundering in pubs and clubs.
- by Alexandra Smith
Entain secures 25-year partnership with New Zealand TAB
Entain has committed to investing $900 million in the New Zealand racing industry as part of its 25-year strategic partnership with the New Zealand TAB.
- by Amelia McGuire
Tabcorp enters the race for Melbourne Cup broadcasting rights
Tabcorp has begun talks with the Victorian Racing Club to secure the rights to broadcast the Melbourne Cup in a $100-million-plus five-year deal.
- by Amelia McGuire
Too slow to act: Sportsbet fined $13,000 for failing to protect customer
Sportsbet failed to intervene when one of its customers deposited more than $15,000 over a 24-hour period less than a week after they opened their betting account.
- by Amelia McGuire
Pokies giant takes $1.5b gamble on Israeli gaming outfit
Aristocrat Leisure will acquire NeoGames in a push to firm up its position in the online lottery market after a failed bid for another gaming firm last year.
- by Millie Muroi
Updated
Mergers & acquisitions
PointsBet seals $225 million US sale to Jay Z-backed Fanatics
Fanatics Sportsbet will acquire PointsBet’s US operations, but the ASX-listed wagering company will retain its Australian and Canadian outfits.
- by Amelia McGuire
Exclusive
Companies
Jay-Z backed Fanatics edges closer to $200 million PointsBet deal
Under the terms of the proposed deal, Fanatics Sportsbet would acquire PointsBet’s US outfit and its lucrative technology, which is operational in 14 states, including New York, Michigan and Pennsylvania.
- by Amelia McGuire
Exclusive
Sports betting
Peter Dutton says gambling ads targeting sport could be banned, like tobacco
The opposition leader insists outgoing AFL chief Gillon McLachlan and NRL boss Andrew Abdo have a moral obligation to wean their sports off gambling revenue.
- by Paul Sakkal