September
- Updated
- Gaming & wagering
Online casino mogul gets into lotteries as profits surge
Revenues at Virtual Gaming Worlds, which pioneered the use of a loophole to offer casino-like games with cash prizes in the US, has soared above $6 billion, accounts show.
- Updated
- Primrose Riordan
July
- Exclusive
- Political lobbying
Meet the lobbyists aiming to keep the gambling dollars rolling in
With the Albanese government’s gambling ad policy still up in the air, the Financial Review looked at who’s been hitting the corridors of power for sports betting firms.
- Ronald Mizen
June
Bigger, more frequent Powerball jackpots on the way: Citi
The investment bank’s analysts have told clients that The Lottery Corporation is cashed up and will defend its most popular game by offering more prize money.
- Zoe Samios
May
The biggest threat to Australia’s lotteries? This Oregon sports bar
In an understated barbecue joint on the outskirts of Portland, lotto sales are booming – thanks to a secretive Northern Territory-registered wagering group.
- Zoe Samios
August 2023
Lottery boss says offshore jackpots aren’t hurting business yet
Sue van der Merwe appears unfazed by an aggressive push from online operators that are giving Australians access to international jackpots.
- Updated
- Zoe Samios
July 2023
Offshore jackpots pose risk to Lottery Corp: Barrenjoey
The Lottery Office is aggressively advertising its offshore draws. Barrenjoey believes this could present a risk to the ASX’s Lottery Corporation.
- Zoe Samios
June 2023
Sydney dad wins $100m Powerball jackpot (but says he’ll keep working)
The Bankstown man has become the second-biggest lottery winner ever in Australia, after being the only division one winning entry in the draw.
- Duncan Murray
February 2023
From hiding behind her mother’s skirt to CEO of an $11b company
Lottery Corp chief Susan van der Merwe decided against studying law because it would have required her to stand up in front of a crowd and present arguments.
- Sally Patten
September 2022
This exec started out flipping burgers. Now he runs a $2b company
Tabcorp chief executive Adam Rytenskild never finished university, and now he is taking on some of the world’s most powerful wagering companies.
- Elouise Fowler
August 2022
- Updated
- Earnings season
Lottery Corp may go international in hunt for lotto licences
The company posted near double-digit growth in revenue and earnings in its first result since it was spun out from Tabcorp in May.
- Updated
- Lucas Baird
May 2022
- Opinion
- Chanticleer
The ASX’s new ‘infrastructure’ giant is also a takeover target
History says The Lottery Corporation will be attractive to the big private capital players who love infrastructure-like businesses.
- James Thomson
October 2021
SG Lottery sale a $US1b kick in the guts
It could be a while before any banker mutters the phrase “dual track”.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
SG Lottery IPO hopes squashed by big debt deal
Hopes of a whopper $10 billion SG Lottery float sunk on Wednesday as word spread that someone on Wall Street was pulling together a huge leverage finance package after days spent negotiating with owner Scientific Games.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
SG Lottery auction into day five, cornerstones in the dark
The silence is deafening at SG Lottery.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
SG Lottery bid hangs on Scientific Games board call
Bankers and fund managers have their fates back in the hands of gaming gurus Jamie Odell and Toni Korsanos.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
SG Lottery cornerstone book hits $3b, dual track heats up
SG Lottery has received offers worth more than $3 billion for its mooted initial public offering and ASX-listing, or about two-thirds of the potential offer size.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
Bids fly for SG Lottery as bankers call in cornerstones
It’s getting close to jackpot time at IPO of the decade contender SG Lottery.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
SG Lottery brokers weigh into valuation debate: pre-IPO reports land
Analysts release valuations on SG Lottery, which is seeking to become the biggest IPO in Australia since Medibank Private.
- Anthony Macdonald, Yolanda Redrup and Kanika Sood
July 2021
SciGames rounds up big IB syndicate for huge lotteries float
Five Australian investment banking teams look like hitting the jackpot at US gaming company Scientific Games as it mulls floating its whopping global lotteries business on the Australian Securities Exchange.
- Anthony Macdonald and Yolanda Redrup
How to win the lottery, according to an Australian economist who won 14 times
Stefan Mandel, a Romanian-Australian economist, developed a formula that's allowed him to win the lottery 14 times. It's a six-step process designed to hack the system.
- Updated
- Rachel Premack