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Ladbrokes Looking For Aussie sports betting
UK land and online gambling group is bidding for Victorian sportsbetting action
The UK land and online gambling group Ladbrokes has made a bid for Aussie sports betting business, going up against Tabcorp and Tatts in seeking a Victoria state sports betting licence effective from 2012.
Victoria's minister for gaming, Tony Robinson announced Thursday that Ladbrokes, Tabcorp and Tatts had been short listed for the 12 year licence from a number applicants. Tabcorp, previously the TAB, has had a monopoly on off-course betting in Victoria for 50 years.
The licence covers exclusive off course retail rights to parimutuel and fixed odds betting on the three racing codes and sporting events, the right to establish the only betting exchange in Victoria and operate simulated racing games.
Ladbrokes managing director international development Kevin Hopgood, said this week: "Australia has many attractions for us. From a sporting perspective there is a lot of similarities to the UK - horse racing, greyhounds, cricket, rugby, tennis. The sports and the culture are very, very similar and the betting interest very similar."
"I think we would bring in better technology, which would bring in better presentation with more products, particularly in the sports betting side," Hopgood added.
Racing Victoria chief executive Rob Hines welcomed the strong field of final applicants.
"The post-2012 wagering joint venture will be vitally important to securing a growing and viable racing industry so we are keen to see the licence awarding process completed as soon as possible and give the industry certainty about its future partner,'' he said.
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Gambling News :
Playtech Acquires ECM Systems -
Online gambling soiftware provider Playtech plc has announced the acquisition of a ninety percent stake in UK bingo software developer ECM Systems for a consideration of GBP 14.9 million.
Marks and Spencer store Manager steals to Gamblie Online -
The Cambridge News reports that a 28-year-old manager of a Marks and Spencer store, Martin Trenor, has been jailed for three years for stealing GBP 254,538.11 in shop takings over the course of a year and spending it almost immediately at online gambling websites.
Chinese Gambling crackdown could damage high roller revenue -
Fast-moving events this week have seen Australian media reports quoting hundreds of millions of dollars wagered by Chinese high rollers in Aussie land casinos, offset to some extent by Crown claims that this whale gambler" demographic generates only 12 percent of turnover.
EvenBet Open Face Chinese Poker -
Open Face Chinese Poker online games provider EvenBet has reported that its Open Face Chinese Poker product is gaining traction with games recently integrated for desktop action at the Malta-licensed operational site Poker Grant.
2016 EPT Malta -
The European Poker Tour is off to a good start in Malta, with German pro Dietrich Fast claiming a well-earned Euro 174,000 main prize in the Euro 10,000 buy-in Single-Entry Rebuy event.
Team Hot Launches -
#teamhot The Philippines licensed and GGNetwork-powered online poker operator Natural8 has announced the appointment to its "Team Hot" professional player line-up of Asian poker aces Kitty Kuo, Xuan Liu and Dong Kim.
Netent Q3-2016 Earnings Report -
#netent The UK continues to be an important growth driver but the weaker pound had an estimated negative effect of about three percentage points on revenue growth compared to the same quarter last year.
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