Online wagering upstart Betr Australia is facing an investigation by NSW’s gambling watchdog over concerns the new company broke gaming laws by offering 100-1 odds for the November 1 Melbourne Cup.
The embarrassing setback for the company part-owned by News Corp and gambling entrepreneur Matt Tripp comes the day before NSW’s heavily promoted $15 million Everest horse race and just two days after Betr launched.
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Mark Di Stefano is Rear Window columnist, based in the Sydney newsroom. He previously worked at BuzzFeed, the Financial Times and The Information before joining the Financial Review as a media and tech correspondent. Connect with Mark on Twitter. Email Mark at mark.distefano@afr.com
Samantha Hutchinson is the AFR's National Reporter. Most recently, she was CBD columnist for The Sydney Morning Herald and The Age. Before that, she covered Victorian and NSW politics and business for The Australian, the AFR and BRW Magazine. Connect with Samantha on Twitter. Email Samantha at samantha.hutchinson@afr.com.au
