Australia’s online gambling turnover soars 166% in 2022-23, says Queensland treasury
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Australia’s online gambling turnover soars 166% in 2022-23, says Queensland treasury

Australia’s online gambling sector surged in 2022-23, with total wagers across all channels and verticals reaching AU$244.3bn (£124.9bn/€148.0bn/US$164.3bn). Australia gambling turnover Online gambling turnover rose 165.7% year-on-year to $75.4m, representing 31% of the nation’s total gambling handle. Turnover per capita online was $397.5. The Queensland treasury report breaks down figures by territory, with most online…

Tabcorp announces Brett Chenoweth as new chairman

Tabcorp announces Brett Chenoweth as new chairman

Australia-focused Tabcorp has confirmed Brett Chenoweth as its new chairman following Bruce Akhurst’s decision to retire from the role. Pickup Lottery Corporation Chenoweth will formally assume the chairman role when Akhurst steps down after the group’s 2024 annual general meeting (AGM) on 23 October. A highly experienced executive, Chenoweth has been a non-executive director of…

ACMA pushes for major block on thepokies.net

ACMA pushes for major block on thepokies.net

The Australian Communications and Media Authority (ACMA) has instructed local internet service providers (ISPs) to block access to thepokies.net, calling it one of the most “notable” blocking actions so far. An ACMA review revealed the site was offering online casino-style games, which are banned under the Interactive Gambling Act 2001, rendering the platform unlawful. With…

Betr continues pursuit with fresh PointsBet takeover bid

Betr continues pursuit with fresh PointsBet takeover bid

Betr has returned with projected savings of $0.67 per PointsBet share, giving its new offer a potential value of up to AU$1.89 per share.PointsBet Betr MIXIBetr Entertainment remains in pursuit of PointsBet, competing head-to-head with MIXI Australia’s proposals. The operator has put forward a renewed, all-share acquisition plan for PointsBet, claiming its latest offer is…

PlayUp Interactive Fined Record AU$586,000 for Advertising Violations in New South Wales

PlayUp Interactive Fined Record AU$586,000 for Advertising Violations in New South Wales

PlayUp’s DraftStars site faced penalties for 33 illegal advertisements that included inducements to gamble frequently and to open betting accounts—both prohibited under New South Wales (NSW) advertising regulations. As a result, PlayUp was fined AU$586,000 (£303,261/€355,331/US$393,485) in the Downing Centre Local Court. Zero tolerance for advertising breaches in NSW Dimitri Argeres, Director of Compliance and…

BetMakers Justifies $15M Tripp Payment Amid ASX Scrutiny Over Listing Rule Compliance

BetMakers Justifies $15M Tripp Payment Amid ASX Scrutiny Over Listing Rule Compliance

BetMakers has defended a AU$15 million (£8.3 million/€9.6 million/$10.2 million) payment made to veteran industry executive Matthew Tripp after the Australian Securities Exchange (ASX) questioned whether the payment violated listing rules. In 2021, Tripp entered an agreement with BetMakers to advise the company on its B2B wagering strategy and purchase AU$25 million worth of shares…

Star’s Future in Doubt Again as AUSTRAC Seeks AU$400 Million Penalty

Star’s Future in Doubt Again as AUSTRAC Seeks AU$400 Million Penalty

Earlier this year, Star Entertainment’s buyout deal sparked hopes of a turnaround. But those hopes may be short-lived as the embattled Australian casino operator now faces a massive AU$400 million fine from the country’s financial crimes watchdog. The Australian Transaction Reports and Analysis Centre (AUSTRAC) has launched civil proceedings in federal court, raising serious concerns…