SPORTS BETTING – AUSTRALIA

Sport betting ads to be banned ‘siren to siren’

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Original article by Nick Tabakoff, Joe Kelly
The Australian – Page: 5 : 20-Apr-17

The Coalition of Major Professional & Participation Sports’ executive director Malcolm Speed has warned that a proposed ban on gambling advertisements during live sports broadcasts could affect the value of media rights deals. He adds that restrictions are already in place and further regulation will ultimately affect funding for sports at "grassroots" level. Federal Cabinet ministers are expected to approve the ban in late April 2017. Senator Nick Xenophon says the new regulations should be accompanied by a reduction in broadcasting licence fees.

CORPORATES
COALITION OF MAJOR PROFESSIONAL AND PARTICIPATION SPORTS, AUSTRALIA. DEPT OF COMMUNICATIONS AND THE ARTS, AUSTRALIA. DEPT OF THE TREASURY, NICK XENOPHON TEAM, AUSTRALIAN FOOTBALL LEAGUE, NATIONAL RUGBY LEAGUE, SPORTSBET AUSTRALIA, CROWNBET PTY LTD

KKR in fresh $7.3bn Tatts bid

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Original article by Bridget Carter
The Australian – Page: 17 & 25 : 19-Apr-17

The Pacific Consortium, which is headed by private equity firm Kohlberg Kravis Roberts, has made a revised takeover bid for Tatts Group. The consortium’s latest offer of $A7.3bn values the wagering and lotteries group at $A4.21 per share, and would not require Australian Competition & Consumer Commission approval. Tabcorp is awaiting the Competition Tribunal’s decision on its rival cash and scrip bid. The Pacific Consortium first proposed acquiring Tatts in late 2016, with plans to demerge its wagering business.

CORPORATES
TATTS GROUP LIMITED – ASX TTS, PACIFIC CONSORTIUM, KOHLBERG KRAVIS ROBERTS AND COMPANY, KKR AND COMPANY LP, TABCORP HOLDINGS LIMITED – ASX TAH, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION, AUSTRALIA. COMPETITION TRIBUNAL, MACQUARIE GROUP LIMITED – ASX MQG, MORGAN STANLEY INFRASTRUCTURE, FIRST STATE SUPER, RACING NSW, MACQUARIE CAPITAL PTY LTD, GOLDMAN SACHS AUSTRALIA GROUP HOLDINGS PTY LTD, UBS HOLDINGS PTY LTD

Sportsbet takes AFL TV deal from CrownBet

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Original article by John Stensholt
The Australian Financial Review – Page: 23 : 19-Jan-17

Sportsbet has secured a deal to be the betting sponsor of Seven West Media’s Australian Football League broadcasts in 2017. However, rival online bookmaker CrownBet is the AFL’s official wagering partner, which gives it the first right to buy betting advertisements during the AFL broadcasts of both Seven and pay-TV channel Fox Footy. Meanwhile, CrownBet CEO Matthew Tripp says the company plans to expand its rewards scheme in states such as Western Australia.

CORPORATES
SPORTSBET AUSTRALIA, CROWNBET PTY LTD, AUSTRALIAN FOOTBALL LEAGUE, SEVEN WEST MEDIA LIMITED – ASX SWM, SEVEN NETWORK LIMITED, FOX FOOTY CHANNEL, FOXTEL MANAGEMENT PTY LTD, CROWN RESORTS LIMITED – ASX CWN, CLUBS NSW PTY LTD, RACING VICTORIA LIMITED, TABCORP HOLDINGS LIMITED – ASX TAH, WILLIAM HILL AUSTRALIA PTY LTD, BET365 GROUP LIMITED, BETEASY PTY LTD, PADDY POWER PLC

Macquarie rolls the dice on Tatts

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Original article by Sarah-Jane Tasker
The Australian – Page: 19 & 23 : 15-Dec-16

Pacific Consortium has offered between $A4.40 and $A5 per share for Tatts Group. The consortium comprises Macquarie Capital, State Super, Morgan Stanley Infrastructure and Kohlberg Kravis Roberts. The bid is composed of two schemes of arrangement which involve the separation of Tatts Group’s wagering arm from its lotteries business. Tatts is also being pursued by Tabcorp, whose offer values Tatts at $A4.49 a share.

CORPORATES
TABCORP HOLDINGS LIMITED – ASX TAH, TATTS GROUP LIMITED – ASX TTS, MACQUARIE CAPITAL PTY LTD, STATE SUPER SCHEME, MORGAN STANLEY AUSTRALIA LIMITED, KOHLBERG KRAVIS ROBERTS AND COMPANY, PERPETUAL LIMITED – ASX PPT, TAYLOR COLLISON LIMITED, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

CrownBet spent $80m on ads

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Original article by John Stensholt
The Australian Financial Review – Page: 29 : 12-Dec-16

CrownBet’s financial results for 2015-16 show that the company posted a loss of $16.9m, compared with an $A18.3m loss previously. Its advertising and marketing budget for the financial year was $A79m. In contrast, Tabcorp and Tatts Group spend $A64m and $A61m respectively on marketing during 2015-16. CrownBet boasted wagering revenue of $A157m.

CORPORATES
CROWNBET PTY LTD, CROWN RESORTS LIMITED – ASX CWN, TABCORP HOLDINGS LIMITED – ASX TAH, TATTS GROUP LIMITED – ASX TTS, SPORTSBET AUSTRALIA, BET365 GROUP LIMITED, SEVEN WEST MEDIA LIMITED – ASX SWM, RACING VICTORIA LIMITED, AUSTRALIAN FOOTBALL LEAGUE, RESPONSIBLE WAGERING AUSTRALIA, AUSTRALIAN LABOR PARTY

Early birds win big as bookies take a bruising

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Original article by Rick Wallace
The Australian – Page: 6 : 2-Nov-16

Tabcorp estimates that about $A95m was wagered on the 2016 Melbourne Cup via its TAB outlets in Victoria and New South Wales. Meanwhile, Sportsbet is said to have taken about $A25m worth of bets on the race, compared with $A20m in 2015. It paid out $A13.6m to punters who backed Cup winner Almandin. One Sportsbet customer won $A241,000 on a $A10 bet after correctly picking the first four horses to pass the winning post.

CORPORATES
TABCORP HOLDINGS LIMITED – ASX TAH, SPORTSBET AUSTRALIA, UBET, CROWNBET PTY LTD, THE EMIRATES MELBOURNE CUP

Tabcorp, Sportsbet saddle up for year’s biggest day

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Original article by Sarah-Jane Tasker
The Australian – Page: 21 : 1-Nov-16

Tabcorp expects to process some five million bets on the 2016 Melbourne Cup itself and 10 million on the day of the race. The TAB App is expected to be used to place about 25 per cent of bets. Meanwhile, Sportsbet CFO Ben Sleep forecasts that the online bookmaker will process about four million bets, reaching a peak of 20,000 per second. Tabcorp CEO David Attenborough forecasts that Qewy will win the Cup.

CORPORATES
TABCORP HOLDINGS LIMITED – ASX TAH, SPORTSBET AUSTRALIA, THE EMIRATES MELBOURNE CUP, TATTS GROUP LIMITED – ASX TTS

Tabcorp-Tatts double up with $11bn punt

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Original article by Sarah-Jane Tasker
The Australian – Page: 19 & 22 : 20-Oct-16

Tabcorp’s takeover offer for Tatts Group comprises 0.80 of its shares and a $A042.5 cash payment for each of the target’s shares. Tatts shareholders will control 58 per cent of the merged company if the deal is approved. It has been endorsed by the boards of both companies, as well as major institutional investors such as Perpetual and AustralianSuper. The merged group would boast a market capitalisation of about $A8.6bn and annual revenue of more than $A5bn. Tabcorp CEO David Attenborough would head the merged company.

CORPORATES
TABCORP HOLDINGS LIMITED – ASX TAH, TATTS GROUP LIMITED – ASX TTS, PERPETUAL LIMITED – ASX PPT, AUSTRALIANSUPER PTY LTD, NORTHCAPE CAPITAL PTY LTD

Tatts, Tabcorp bet on $9.4bn link

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Original article by Sarah-Jane Tasker
The Australian – Page: 19 & 22 : 19-Oct-16

Shares in gaming giants Tabcorp Holdings and Tatts Group were placed in trading halts on 18 October 2016, pending an announcement on a potential scheme of arrangement merger. A merged entity would have a market capitalisation of around $A9.4bn and boast annual synergies of about $A100m. It would also be in a stronger position to pursue growth via offshore acquisitions. The two groups shelved a "merger of equals" proposal in 2015 after failing to reach agreement on valuations.

CORPORATES
TABCORP HOLDINGS LIMITED – ASX TAH, TATTS GROUP LIMITED – ASX TTS, UBET, DEUTSCHE BANK AG, SUN BETS, NEWS CORPORATION – ASX NWS, AUSTRALIAN COMPETITION AND CONSUMER COMMISSION

1 in 15 AFL and NRL Grand Final viewers could be betting on the outcome

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Original article by Roy Morgan Research
Market Research Update – Page: Online : 28-Sep-16

A Roy Morgan Single Source survey has found that 602,000 Australians aged 18+ (3.3 per cent) placed bets on AFL or NRL games during the year to June 2016, up from 520,000 (2.9 per cent) in the year to June 2013. Some 409,000 Australians bet on AFL matches in the last year, and 70 per cent used a website or app to place their most recent bet on the sport, up from 48 per cent three years ago. Meanwhile, some 306,000 Australians placed a bet on an NRL match in the last 12 months, with the proportion who did so online rising from 38 per cent in 2013 to 62 per cent.

CORPORATES
ROY MORGAN RESEARCH LIMITED, AUSTRALIAN FOOTBALL LEAGUE, NATIONAL RUGBY LEAGUE