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Sportsbet has struck a deal with Racing Victoria

Tuesday March 24,2015 : SPORTSBET CLINCHES RACING VICTORIA STREAMING DEAL

Estimated to be worth A$3 Million over a five-year period

Paddy Power’s Australian arm Sportsbet has struck a deal with Racing Victoria that provides the company the right to stream Victoria thoroughbred racing via its websites, mobile apps and other digital platforms.

The deal is estimated to be worth A$3 Million for five-years and is the first that the horse racing governing body has entered into with a corporate bookmaker.

Sportsbet customers are able to watch all Victoria races free via the website immediately.  Mobile and iPad streaming is expected to be available by the end of the month.

Racing Victoria is wooing other major corporates such as William Hill and Ladbrokes but newcomer CrownBet has declined saying the deal is just “too much money”, The Herald reported.

According to the publication, Racing Victoria is seeking “0.5 per cent of Victorian racing turnover from each corporate bookie to gain access to the race vision”.

“We are having discussions with other online betting operators as well as Tabcorp as we want to get on as many platforms as possible,” Racing Victoria chief Bernard Saundry said.

Sportsbet chief executive Cormac Barry commenting on the deal said: “Seventy-eight per cent of our customers placed a bet on our mobile app in February. This partnership with the Victorian thoroughbred racing industry will continue to drive that trend and crucially increase the wagering pie and bring in more revenue for the thoroughbred code.”

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Gambling News :

IGT Continues Partnership with Coljuegos EICE - IGT will continue its 16-year partnership with Colombian administrative gaming authority Coljuegos EICE following a public procurement process for a five-year private operator contract to run the draw-based online lottery game Baloto.

Magic Spells SLot Launches - The penny slots’ Wild symbol is a bubbling cauldron which is an Expanded Wild that can cover up to four positions for multiple winning combinations.

Mega Moolah progressive jackpot slot was hit for Euro 6,078,249.33 - Identified as N.C., the player was a novice who signed up to the online casino on a new customer bonus offering 100 chances to become a millionaire for Euro 5.

Lightning Box Games in Deal With Everi Games - Australian slot developer, Lightning Box Games, has entered into a distribution deal with electronic gaming content provider, Everi Games, for a selection of its proprietary slot content.

Storspiller HighRoller Casino Launches - Storspiller.com is targeted at “high rollers” within Kindred’s total registered customer base who play for GBP 200 or more per month.

Another Attempt to Acquire Tatts - The surprise A$8.4 billion bid for Tatts late last year by the Pacific Consortium caused some consternation in the Tabcorp and Tatts boards, which were in merger talks but these concerns faded following Tatts rebuff of the consortium's offer

US Supreme Court Interested in NJ SportsBetting Case - The US Supreme Court, which is for the second year mulling whether to hear New Jersey's case for wider legalized sports betting in the United States ) has showed some interest in the case.

Ladbrokes Trading Update - The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:

Leovegas Player Wins a BMW X4 - A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.

New Survey on Europe Online Gambling Regulations - The companies delivered their conclusions, which include both EU and European Economic Area technical regulations, this week.

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