Always back the horse named self-interest, son. It'll be the only one trying
Tabcorp shareholders are praising Gillon McLachlan and declaring him King after the release of its full financial year results sent the company’s share price rocketing to a 22 month high after closing the day at 88c, up from 37c a year ago. King Gil has seemingly miraculously turned a $1 360 million ($1.36 billion) loss […]
The battle for PointsBet has heated up over the past week, with offers and counter-offers flying left, right and centre. Japanese raider MIXI is offering $1.25 a share in PointsBet, paid in cash. Betr is offering the equivalent of somewhere between $1.30 and $1.40 (depending on the measure used), all of it paid in Betr […]
Story by The Guardian Australia A man who “binge gambled” $40,000 in an 11-hour session was awarded VIP status by the bookmaker BlueBet (now part of Betr) and assigned a dedicated personal manager who encouraged him to keep betting and took a cut of his losses. A regulator has found it wasn’t until the man […]
Story by guest columnist The Broker From the sidelines, it’s hard not to notice the explosion of bookmaker brands in the Australian market. By a rough count, there are now well over 130 licensed operators – a bewildering mix of corporates, boutique start-ups, and rebadged clones. On the surface, this might look like healthy competition. In […]
Story by guest columnist The Broker Racing’s Broken Model: Why VBA, ABA, NT and NSW Bookmakers Are Draining Industry Funds The backflip by Harness Racing SA (HRSA) on its $2,000 annual levy for bookmakers may have seemed like a small win for wagering operators. In truth, it exposed a much bigger flaw in Australian racing: […]
Story by guest columnist The Broker Ever wondered why so many corporate bookmakers hold so many multiple licences? It’s all about reducing their tax, specifically in Queensland their race field information fees. How do they do it? Split their bets to stay under the threshold. Like this. Operator Turnover Thresholds – Queensland Race Fields (2025–2027) […]
The Victorian Gambling and Casino Control Commission (VGCCC) has fined online bookmaker QuestBet $80,000 for continuing to accept bets from a customer displaying observable signs of gambling-related distress. Announcing the fine today, VGCCC CEO Suzy Neilan said QuestBet’s non-compliance with its gambling harm minimisation obligations was indicative of a concerning culture. ‘Our investigation of QuestBet’s […]
Here is a picture of Frank Hudson using his time before the first race at the recent Horsham meeting to scour his client list looking for bowlers. A bookie and his money are never parted. And as long as there are are punters out there trying to pick his pocket, Hudson never sleeps.
A betting dispute between punter Shaun Leaney and the bookmaker BetBlitz, owned and operated by well-known Victorian rails bookmaker Frank Hudson, has thrown up some interesting issues. BetBlitz is refusing to release Leaney’s funds – about $4000 – that they are holding after deactivating his betting account over what they claim are irregularities in his […]
Crossbet has been fined $14 960 by the NT Racing and Wagering Commission after it found the bookmaker has breached its license conditions by allowing a self-excluded punter to start a new account and lose $60. Usually we applaud tough decisions of the Commission when it comes to bookies letting punt junkies back in to […]
