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Elmer Funke Kupper Resigns
Monday, March 21, 2016 : FORMER TABCORP BOSS RESIGNS TO FIGHT CAMBODIAN ONLINE CORRUPTION ALLEGATIONS (Update)
After four-and-a-half years as m.d. of the Australian Securities Exchange, Elmer Funke Kupper steps down.
The announcement last week that Australian federal police are investigating allegations of a Tabcorp bribery attempt to secure Cambodian online gambling approval has been followed by the news that former Tabcorp chief executive and current m.d. of the Australian Securities Exchange, Elmer Funke Kupper, has resigned.
Funke Kupper wanted to “direct his full focus to the investigations which may be made,” ASX chairman Rick Holliday-Smith said in a public statement Monday.
Holliday-Smith will act as executive chairman while ASX looks for Funke Kupper’s replacement. Funke Kupper has been with ASX for the past four-and-a-half years as managing director.
He headed Tabcorp between 2007 and 2011 prior to joining ASX, and there have been allegations that under his stewardship the Australian betting company in 2010 made a questionable payment of A$200,000 as it sought an online gambling licence in Cambodia.
Analysts generally felt that Funke Kupper had done the right thing; one commented:
“Corporate governance is a big thing and people need to have faith and trust in the market. It makes sense for the ASX to let him go if that’s what he needed to do.”
Funke Kupper’s departure at ASX comes as consolidation among global exchanges accelerates. Last week, Deutsche Boerse AG agreed to acquire London Stock Exchange Group plc, a deal that may kick off a bidding war. The merge could create the world’s biggest exchange operator by revenue and second-largest by market value.
Gambling News :
International Table Tennis Federation in deal with Sportradar. -
The International Table Tennis Federation (ITTF) has today announced it has signed a brand-new integrity partnership with Sportradar utilising the organisation’s world-leading monitoring, intelligence and prevention solutions to help safeguard the sport against match fixing.
NBA odds on Thunder vs. Pacers Game? -
This Wednesday night in Indianapolis, Paul George is due to play his first game at the Fieldhouse as a member of the Oklahoma City Thunder (12-13 SU, 8-17 ATS). But George might not face the Indiana Pacers (15-11 SU, 16-10 ATS); he’s listed as day-to-day with a right calf contusion. Tip-off is at 7 PM ET on ESPN.
2 New Christmas Slots For Microgaming -
Microgaming’s jolly game additions this December. Microgaming adds two more games to kick off the festive season, in addition to its action-packed Highlander online slot.
SportsBetting Supreme Court Showdown -
Sports Law, Betting and Integrity leaders convene to preview Supreme Court Showdown. Thought leaders weigh in on Christie vs. NCAA (which in January will shift to Murphy vs. NCAA)
NBA Odds: Heat Can Burn Cavaliers in Cleveland -
The Cleveland Cavaliers (12-7 SU, 6-12-1 ATS) may have turned their season around, but they’ve got a challenging matchup this Tuesday against the Miami Heat (9-9 SU, 7-9-2 ATS), tipping off at 7 PM ET on NBA-TV. Miami is 7-4 SU and 6-5 ATS against the Cavs since LeBron James went back to Cleveland in 2014.
Games Concept Day in Malta -
The Quickfire Games Concept Day is the second full-day workshop to date, the first being held in Gibraltar in July.
AFC’s fight against match-fixing -
The Asian Football Confederation (AFC) has introduced a new AFC integrity mobile application, which will enable fans, players and officials to report possible suspicious activities or provide information concerning match-fixing or corruption to the AFC Integrity Unit.
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