The US market was long viewed as the white whale of the sportsbetting industry, but five years on from a landmark 2018 Supreme Court ruling which turned fiction into reality, those chasing the big win have copped the biggest losses. Ironic, huh? For Australian sportsbetting company PointsBet (ASX: PBH), today’s sale of their US operations
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The pandemic saw a surge in sports betting as people were cooped up at home and had extra discretionary income to spend. However, as inflationary pressures and a return to normalcy took effect, many found that their wallets could no longer afford the risk. As a result, companies like wagering tech partner Betmakers Technology (ASX:
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It has been a tumultuous time for the gambling industry in New South Wales already, but for casino operators it could get even worse with the State Government proposing major changes to casino tax rates. Aiming to take another shot at Australia’s second largest casino operator, Star Entertainment Group (ASX: SGR) has been the target
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Since the demerger of its lotteries business to concentrate on its wagering business, Tabcorp (ASX: TAH) has made further strides in its restructure with the sale of its eBet business for $62 million, no longer seeing value in its loyalty and tracking systems. Generating EBITDA of $4.4 million and an EBIT loss of $2 million
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When it comes to gambling in Australia, punters have a plethora of service providers to assist them with their bets across lottery, sports, racing or even pokies. Such a lucrative market for providers regularly leads to a battle for market share, one that is changing tides against online lottery company, Jumbo Interactive (ASX: JIN). The
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Gambling in China – it’s a big no no. But with the underground industry hugely lucrative in the mainland, many businesses are finding more legal means to monetise the gambling psyche within the Chinese population with sports tech company SportsHero (ASX: SHO) the latest to join the movement through the eSports predictor competitions. Just because
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