Wagering

Wagering industry insiders are extolling the virtues of Australia joining much of the rest of the world in opening up online live in-play betting as a means to combat unregulated operators and boost funding to racing.

MIXI has upped the ante in its battle for PointsBet, confirming it will utilise its controlling interest in the company to establish a presence on the PointsBet board, while preventing betr from doing the same.

A long wait for federal government reform of gambling advertising may be over, with the pace of change picking up and a reported ambition to get legislation through parliament by the end of 2025.

A new study has found that illegal gambling in the UK has grown by 345 per cent since 2022 and now controls nine per cent of Great Britain’s £8.2 billion online gambling marketplace.

Andrew Vouris, recently appointed chief executive of Entain’s Australasian arm, says the wagering giant remains committed to Australia and New Zealand and is determined to “win”, albeit with a different playbook.

Turnover through the Hong Kong Jockey Club jumped to a record HK$320.3 billion, powered by the continued popularity of football betting, with legalised wagering on basketball set to follow this year.

PointsBet has reported positive numbers despite falling Australian turnover, while MIXI has upped its share of the company beyond 50 per cent.