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Entain records good progress, increase in active customers
Gambling giant Entain has surprised analysts with its resilience in the face of challenging market conditions.
Bet365 facing Australia’s watchdog probe
Britain’s Bet365 is facing scrutiny from Australia's financial crimes watchdog, the Australian Transaction Reports and Analysis Centre (Austrac), regarding its compliance with the country's anti-money laundering laws.
Wagering companies breach in-play betting rules: ACMA
The Australian Communications and Media Authority (ACMA) found the operators of Ladbrokes, Neds, bet365 and Sportsbet, breached interactive gambling rules through their use of ‘Fast/Quick Codes’ to facilitate in-play betting on sports matches.
Entain’s chief executive Jette Nygaard-Andersen steps down
The chief executive officer of Entain, the parent company of gambling brands like Sportingbet, Ladbrokes and Bwin, has stepped down. Jette Nygaard-Andersen asked the group board to resign with immediate effect and her position will be filled by non-executive director Stella David on an interim basis.
Entain sets aside £585 million for possible UK tax authority fine
Global sports-betting Entain has set aside £585 million ($746.2 million) to possibly settle a possible large fine by the UK tax authority over historic corporate misconduct at its former Turkish online betting business
Entain’s Chief Governance Officer to retire
Global sports betting, gaming and interactive entertainment group has announced that its Chief Governance Officer, Robert Hoskin, is going to be stepping down from the role – leaving the company’s board on June 30th but remaining with the group until August 31st.
Entain fined for online “in-play” golf bets
Entain, the owner of two Australian sportsbook brands, Ladbroke and Neds, has been fined AU$13,320 ($8,820) for illegally accepting 78 online bets during the LIV golf tournament while the competition was live, in breach of Australian gambling law.
Return of retail customers pushes Tabcorp to 24 percent EBITDA increase in fiscal 1H23
The return of retail customers post-COVID has driven Australian multichannel wagering company Tabcorp to a 24 percent increase in EBITDA during the first half of its financial year, ended December 31st, totaling AU$197 million ($135.53 million).
Tabcorp takes Entain and Australia Hotels Association to court over NSW advert deal
Australian wagering group Tabcorp is taking its rival Entain to court, over a deal the company signed with the Australian Hotels Association (AHA) branch in New South Wales.
AUSTRAC investigating Sportsbet and Bet365 over money laundering suspicions
Australia's financial crime watchdog (AUSTRAC) is investigating Sportsbet and Bet365 on suspicion of failure to comply with anti-money laundering and counter-terrorism financing laws.
