Australia
Picklebet signs 2 year deal with Racing and Sports
Racing and Sports is pleased to announce the signing of a 2-year contract with Picklebet to provide the Company’s Risk Managed Trading Service and industry-leading customer-facing content to power Picklebet’s Racing product. This will complement Picklebet’s existing esports and sports products offering, which is designed to attract a younger demographic.
Founded in 2020, Picklebet is a future-focused betting and entertainment company that sits at the intersection of esports, younger trending sports, and internet culture. Picklebet exists to reimagine betting and entertainment for tomorrow’s customer through innovative products and original content. Currently serving the Australian market with esports, sports and racing products, Picklebet is finalising licensing for Ontario, Canada, as its next growth market.
The Risk Managed Trading Service is to be delivered in conjunction with strategic partner, Racebook HQ, which recently signed a Memorandum of Understanding (MoU) with Racing and Sports to provide the trading expertise for the service.
This deal is significant for Racing and Sports as it signals an entry into the risk managed trading space for wagering operators where it believes the point of differentiation will be Racing and Sports’ superior technology, data modelling and efficiency. It will provide an alternate option to new and existing wagering operators who are seeking a full turnkey solution to their risk management. The key terms of the agreement are set out in Annexure A.
Stephen Crispe, Racing and Sports CEO, said: “We are delighted to have signed this contract with Picklebet which is an exciting and innovative business putting its own spin on the Australian wagering market. We see PIcklebet’s decision to work with us to deliver this service as a huge vote of support in the quality and performance of the product we are delivering.”
Nicholas Heaney, Picklebet CEO, noted: “We selected Racing and Sports, as they’re a global leader and innovator in both racing data and wagering technologies. They are strongly positioned to allow us to deliver simplified and innovative Racing products, that complement our existing esports and sports offering, to serve the younger demographic. We look forward to working with Racing and Sports to further develop innovative Racing products, and bring them to market.”
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Australia
ACMA Reveals Illegal Gambling Crackdown Results
The Australian Communications and Media Authority (ACMA) revealed the outcome of a crackdown on illegal online gambling services operating around the time of the 2023 FIFA Women’s World Cup.
The report published shows that 200 offshore services were reviewed in the lead-up to and during the event. Of those services, 21 were investigated as they appeared to be directly targeting Australians. As a result, 18 services were found to be operating in breach of the Interactive Gambling Act 2001.
Following notification of the ACMA’s findings, three of those services withdrew from the Australian market, while the remaining 15 services had their websites blocked by internet service providers at the request of the ACMA.
ACMA authority member and online gambling lead Carolyn Lidgerwood said the sites were unlicensed to provide wagering services in Australia and in some cases also offered interactive gambling services such as online casinos and slots or online in-play betting, which are all banned in Australia.
“Illegal gambling operations often take advantage of high-profile sporting events to push their services onto fans. These sites also offer none of the consumer protections that apply to licensed wagering services in Australia. Using these sites is more than a gamble as you have no rights and even if you win, you may never see the money,” Ms Lidgerwood said.
Since 2019, the ACMA has been asking internet service providers to block gambling websites found to be operating in breach of Australian interactive gambling laws. Over that time, more than 900 illegal gambling and affiliate websites have been blocked.
More than 220 illegal services have also pulled out of the Australian market since the ACMA started enforcing illegal offshore gambling rules.
Minimising gambling harm is a current ACMA compliance priority and Australians can check on the ACMA’s online register to see if a wagering service is licensed to operate in Australia.
More information about online gambling is available on the ACMA’s website, including information on how to protect yourself from illegal gambling operators and instructions on how to make a complaint about an illegal site.
The post ACMA Reveals Illegal Gambling Crackdown Results appeared first on European Gaming Industry News.
Australia
SkyCity Appoints Jason Walbridge as Chief Executive Officer
SkyCity Entertainment Group Limited has appointed Jason Walbridge as its new Chief Executive Officer.
Jason has more than two decades of senior executive public company experience in the global land-based and online gaming industries. He is currently a Strategic Advisor to global gaming and technology company Aristocrat Leisure Limited on its proposed acquisition of NeoGames S.A, and Executive Chairman of National Entertainment Network LLC, the largest amusement route operator in the US. He has been appointed to the role after an extensive international search.
SkyCity Board Chair Julian Cook said: “The Board is delighted to announce Jason’s appointment as CEO of SkyCity, and we are looking forward to the valuable contribution Jason will make to the business. Jason has extensive global experience in the land-based and online gaming industries, which will position him well to lead SkyCity through its next phases.”
Mr Walbridge said: “It will be a privilege to lead SkyCity, and I am excited to be joining the business at this time as SkyCity looks to pursue the many opportunities ahead of it.”
Mr Walbridge is expected to start in early July 2024, following his move back to New Zealand.
Prior to his current roles, Mr Walbridge held roles with the online gaming supplier NYX Gaming Group Limited and its acquirer Light & Wonder Inc, and before that he spent 18 years with Aristocrat Leisure Limited where he held executive leadership roles in New Zealand and the US. Previously, he held senior roles within consulting, including with Ernst & Young, and was an Officer in the New Zealand Defence Force. Mr Walbridge holds an MBA in International Management from the Auckland Institute of Studies.
Mr Cook confirmed that Callum Mallett will continue as Interim Chief Executive Officer until Mr Walbridge’s commencement date.
“I’d like to thank Callum for his continued leadership and his support during this period,” Mr Cook said.
The post SkyCity Appoints Jason Walbridge as Chief Executive Officer appeared first on European Gaming Industry News.
Australia
VGCCC Fines BlueBet AU$50,000 for Gambling Advertising Breaches
BlueBet has been fined AU$50,000 by the Victorian Gambling and Casino Control Commission (VGCCC) for breaching gambling advertising regulations.
The company was found guilty of 43 charges related to displaying gambling advertisements on or above public roads, contravening the Gambling Regulation Act 2003.
The charges stemmed from an investigation initiated by VGCCC, following a complaint from a member of the public. The breaches occurred over a two-week period in August and September 2022, with BlueBet’s gambling advertisements appearing on digital billboards at various locations, including Point Cook, Laverton, Rockbank and Ravenhall.
Magistrate Greg Thomas, overseeing the case, expressed scepticism about BlueBet’s defence that it was unaware of the breaches, given the strategic placement of the billboards to target males aged 15-54 years old. While no conviction was recorded, Magistrate Thomas noted the high degree of negligence exhibited by BlueBet.
VGCCC CEO Annette Kimmitt AM said: “Gambling advertising has no place on public roads where it is readily visible to children and other vulnerable groups. These places are especially difficult to avoid as part of day-to-day activities. This decision sends a clear message to wagering providers that flout these protections for our community.”
Although Magistrate Thomas considered imposing a higher fine and recording a conviction, he took into account BlueBet’s guilty plea, cooperation with VGCCC and measures taken to prevent future breaches. BlueBet has implemented changes to prevent similar incidents and has cooperated with VGCCC throughout the process.
The post VGCCC Fines BlueBet AU$50,000 for Gambling Advertising Breaches appeared first on European Gaming Industry News.
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