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BETFAIR INTRODUCES IN-RUN BETTING TO MELBOURNE CUP
Online betting exchange Betfair Australia, which is co-owned by Oz gambling mogul James Packer, has extended its penetration of the horse racing market with the introduction of in-run betting at the prestigious Melbourne Cup, traditionally run over the first Tuesday in November. Company spokesmen said that this form of wagering is expected to dominate gambling in Australia as punters become more technologically savvy, sports become more dependent on product fees and governments less tolerant of poker machines.
Betfair has been aggressively pursuing in-run wagering in the Land Downunder, introducing it last month on selected races on Guineas Day at Caulfield, and extended it to all 10 races on the Derby card at Flemington.
Prior to the big event, Betfair's chief executive, Andrew Twaits, said: "This will be the first Melbourne Cup where Australians will have the chance to bet online while the race is being run."
Betfair's in-running volumes have risen in recent weeks, from A$48 800 on Guineas Day to A$58 800 on Caulfield Cup day and A$60 200 on Cox Plate day to A$143 500 on Derby Day.
Looked at in the context of the $1.36 billion taken by Tabcorp alone during last year's Victorian spring racing carnival, it's not yet big money, but the potential is clearly there. Twaits says, "Anything over 1 percent of total volume on the Melbourne Cup will be a good result. Online in-running betting represents a generational change in the way punters can bet on races."
Betfair extracts an average commission of 3.5 percent on the net result, compared with the 15 percent typically taken by TABs.
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
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