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Australia – Macquarie bid to challenge Tabcorp’s merger with Tatts

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A consortium including Macquarie Group, Morgan Stanley and First State Super has tabled a bid for Australian lottery and betting operator Tatts Group. It challenges Australian betting rival Tabcorp’s $11.3bn plan to merge with Tatts. Whilst Tabcorp wants to buy Tatts Group in its entity, the Macquarie consortium wants to buy Tatt’s lottery business for… Read more »

Australia – Ladbrokes considering Tabcorp takeover bid

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British bookmaker Ladbrokes Coral is considering a £2bn takeover bid for Australian operator Tabcorp Holdings. Tabcorp, Australia’s largest bookmaker, has just confirmed it has bought 10 per cent of its takeover target Tatts Group for A$638m. Tabcorp last month agreed to buy lottery operator Tatts for A$6.4bn to create a gambling giant in Australia. Ladbrokes… Read more »

Australia – New legislation could force big betting names out of Australia

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The Australian government is looking to crackdown on online sports betting, which could see a host of top gambling names quit the market. Following a review of existing legislation, Communications Minister, Mitch Fifield, has presented the Interactive Gambling Amendment bill 2016 into parliament. The new laws provide the Australian Communications and Media Authority (Acma) with… Read more »

Hong Kong – Hong Kong Jockey Club hits new highs

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Despite the economic downturn, the Hong Kong Jockey Club enjoyed another outstanding year, with overall turnover for the financial year (ending 30 June 2016) at just over HK$202.70bn, up by almost six per cent. Racing turnover for the financial year was up by 1.8 per cent to just over HK$107bn. Football turnover was up by… Read more »

Sri Lanka – SIS Stream rolls out in Sri Lanka with Sporting Times

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SIS, a leading supplier to the betting and gaming industry, has broken new ground by bringing the company’s innovative SIS Stream platform to Sri Lanka for the first time. Launched with major operator Sporting Times, the deal will allow for customisable high definition content to be shown in shops through SIS’ low latency IPTV streaming… Read more »

Australia – Gambling spend up in Australia as sports betting thrives

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Australian gambling revenue hit A$23bn in 2015, an increase of 7.7 per cent, fuelled by a 30 per cent rise in sports betting. Australians lost an average of $1241 per head during the year with pokies still the favoured gambling pastime generating $11.6bn, a jump of 4.9 per cent. The casino sector generated $5.1bn with… Read more »

Vietnam – Vietnam to publish draft decree on sportsbetting

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Vietnam is closing in on legalising sportsbetting on international football matches as well as horse and dog racing with a draft decree expected to be published by the government by August 15. Internet betting will not be allowed though. Deputy Prime Minister Vuong Dinh Hue wants the Ministry of Finance to include suggestions put forward… Read more »

India – Sports betting now on the cards in India following Supreme Court directive

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India could be set to legalise sports betting following the Supreme Court decision to approve the majority of recommendations made by the Lodha Committee concerning a broad spectrum of issues relating to Indian cricket at the central and state level. The Board of Control for Cricket in India has been allocated six months to implement… Read more »

China – Macau Slot retains Macau sports betting monopoly

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Macau Slot Co, the only sports betting company allowed in Macau, has had its license extended for another five years. The company owned by v who held a 40-year monopoly over the operation of casinos in Macau, will retain its monopoly on all sports betting except horse racing in Macau until at least June 5,… Read more »

Australia – Sky Racing to offer HD racing

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In a coup for Australian racing, Sky Racing has announced viewers will soon experience Australian racing in high definition for the first time. Sky Thoroughbred Central (FOXTEL channel 521) will commence broadcast of high definition Australian racing in time for Championships Day 1 at Royal Randwick in mid-April. The high definition broadcast capability is thanks… Read more »