This Month
Entain boss Dean Shannon to depart ahead of AUSTRAC remediation
The chief executive who led the company since 2019 will step down upon the completion of a new anti-money-laundering program.
April
Bookmaker behind Ladbrokes turned blind eye to drug money laundering
Over 640 pages, Austrac accuses the UK bookmaking giant of failing to catch “large amounts of money being regularly moved”.
March
Austrac accuses Entain of allowing suspected criminals to launder cash
The British bookmaker behind Ladbrokes and Neds allegedly allowed more than a dozen high-risk customers to funnel money through its accounts despite the risks.
January
$40m not enough: The AFL’s plan to grab more gambling money
The sport’s administrators make up to $40 million from wagering deals every year. It is hoping to significantly increase that by negotiating a new agreement.
December 2024
AUSTRAC sues Ladbrokes and Neds owner
Entain allegedly did not conduct appropriate checks on 17 high-risk customers and deliberately obscured the identity of some through use of pseudonyms.
November 2024
Laurence Escalante’s VGW bulks up exec ranks as casinos bristle
Virtual Gaming Worlds was one of the early beneficiaries of a US legislative loophole in states where gambling is otherwise banned. It’s now under attack.
October 2024
Betting firms pull $150m in advertising as crackdown looms
The Albanese government says it will unveil new restrictions on wagering advertising before the end of the year. Gambling firms are already pulling back.
August 2024
TV ad ban but not jerseys and field signs is ‘illogical’: bookies
Sportsbet, Entain and Pointsbet say they won’t put their logos on sports jerseys or around the stadium during live sport.
May 2024
Tabcorp recruits Laundy in pub fight
The ASX-listed wagering group will upgrade its betting terminals and broadcast displays across the Laundy Hotels portfolio, but lock its rival out.
March 2024
WA’s ‘$1b’ TAB deal in strife as bookie dollars dry up
The WA racing industry wants a bookmaker to run its state-owned wagering operations but attempts to secure a deal have hit a major roadblock.
Tabcorp chief executive resigns amid probe into offensive language
Adam Rytenskild had run the wagering group since 2022. He said he did not recall making the comments but had “regrettably agreed to resign”.
February 2024
Bookie bar fight: the feud driving racing enthusiasts out of pubs
The battle between Tabcorp and rival Entain, owner of Ladbrokes, has spilled over into NSW pubs, which are losing punters where the Sky Racing feed has been cut off.
Tabcorp blames states for $732m write-down as shares crash
Shares fell more than 14 per cent on Thursday following the release of Tabcorp’s half-year results.
Major betting companies want their own TV channels
Entain has sought to buy direct access to Australian audiences via its own free-to-air TV channel, which could be exempt from gambling advertising changes.