In his first results presentation since taking the helm of wagering operator Tabcorp (ASX: TAH), former AFL boss Gillon McLaughlan has not shied away from the Company’s overreliance on horse racing which is a sport in turmoil as wagering numbers have plummeted, prompting McLaughlan to drive a greater push for Tabcorp towards general sports. For
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At a time when the regulatory spotlight is firmly targeting Australia and New Zealand’s casino operators, SkyCity Entertainment Group Limited (ASX: SKC) has notified the market of an earnings downgrade as regulation and cost of living pressures limit gambling spend. SkyCity’s revised earnings guidance for FY24, forecasts an underlying Group EBITDA between $280 million and
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In a major stride towards its ‘Capital Lite’ US market entry strategy, mobile-first online wagering provider BlueBet Holdings (ASX: BBT) said that its wholly-owned subsidiary, BlueBet Louisiana LLC is now licensed to operate in Louisiana. Under the ClutchBet B2C brand, the subsidiary has already accepted its first wagers, marking Louisiana as the third US state
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Over the past decade, the number of Australians suffering from a gambling problem has doubled. As of 2023, about 40% of Australians gamble weekly, spending an average of $109 a day on pokies, lotteries, machines and wagering. Aussies lose more than $25 billion per year on legal forms of gambling, making up the largest per
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Flashing lights and clanking sounds—pokies is not for the faint of heart or money. Especially when it is complemented by a round of drinks at the pub. Aussie pubs often run a pokies side hustle to exploit degenerative gamblers. However some companies’ moral compasses are veering them in a different direction. Aussie beer company Good
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The pandemic lent Australians the time and money to wager bets on their favourite horses. Suddenly, gambling one’s fortune away was not such a bad idea. However, the industry has witnessed a slowdown since recovery from Covid with people having to save up for rising costs. However, wagering tech company RAS Technology (ASX: RTH) is
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