Original article by Mark Di Stefano
The Australian Financial Review – Page: Online : 4-Oct-23

Online bookmaker Betr is having to pay out upwards of $40 million in the wake of Penrith’s win in the NRL Grand Final. It had run a promotion that allowed new customers odds of 100-1 on a number of major events including the NRL Grand Final, with a maximum bet of $10. Over 320,000 took up its offer, with bets on Penrith by far the most popular. With Betr stating it could take up to a week to pay all the money into customer accounts, Racing Queensland CEO Jason Scott has suggested it is buying time. Scott, who was formerly the CEO of wagering firm Ladbrokes, contends people are less likely to take money out of their account if a deposit comes in just before a big weekend of racing.

CORPORATES
BETR,[SPACE]RACING QUEENSLAND LIMITED,[SPACE]LADBROKES

BOOKMAKERS (GAMBLING) – AUSTRALIA]