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The Latest Breaking News from Sportsbet

TikTok backflips on gambling ban by allowing Sportsbet ads, prompting calls for social media regulation

Social media platform TikTok lets betting company Sportsbet advertise to its users in a move experts label "concerning".

ABC News

Financial watchdog launches investigation into Sportsbet and Bet365 over money laundering suspicions

Austrac chief Nicole Rose says the financial crimes ombudsman is ‘putting the whole industry on notice to lift their game’

The Guardian - AU

Anti-money laundering watchdog probes online gambling giants Sportsbet and Bet365

The Australian Transaction Reports and Analysis Centre (AUSTRAC) is launching an investigation into two of the nation's biggest online sports betting companies over money laundering concerns and warns that it wants the multi-billion-dollar gambling industry to "lift its game".

ABC News

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Sportsbet, Bet365 face AUSTRAC-led audit

Australia's financial intelligence agency has told online gaming groups Sportsbet and Bet365 it has reasonable grounds to suspect they may have broken the law.

AAP

Online bookies say Queensland betting tax increase could end up stripping $1.75bn from state’s revenue

RWA claims state’s racing industry will suffer after corporate wagers deprioritise Queensland races to mitigate widened tax

The Guardian - AU

Analysis-Slots to smartphones: pandemic sends Australia's gambling problem online

For Rhys Wareham, a coffee industry technician from Sydney, the start of COVID-19 lockdowns in 2020 did not just mean staying home, but having to stop visiting the pub every afternoon to gamble on poker machines.

Reuters

James Packer to Crikey: I should have driven Sportsbet’s multibillion-dollar rise

What keeps James Packer up at night? Apparently a ‘failing’ that it wasn’t him and Crown that built a now foreign-owned gambling giant.

Crikey

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AFL cashes in on Australia’s gambling addiction. But isn’t it time for a pokies buyback scheme?

Australians are the world’s biggest gamblers in per capita terms, and state and federal governments are doing little to nothing to fix the crisis.

Crikey

Pay up: mining and gambling companies told not to expect sympathy over Queensland tax hikes

Campaigns against changes to coal royalties and betting taxes given short shrift by government and advocates

The Guardian - AU

Australia’s mainstream media is stumbling from crisis to crisis

Australia’s media landscape is turning into a disaster area littered by examples of spectacular misjudgment.

Crikey

A deluge of gambling ads and odds — with no policy debate anywhere

Australians are some of the world’s biggest gamblers. Yet efforts to address this financial drain on the public are few and far between.

Crikey

A generation of children increasingly think gambling is inextricably linked with the AFL

Codes say without betting sponsorships we cannot have top-tier play but there is nothing inevitable about having gambling so intertwined with sports

The Guardian - AU

Gambling giant cops mammoth spam fine

Sportsbet has copped a $2.5 million fine and will refund $1.2 million in bets for spamming customers who had tried to unsubscribe from marketing.

AAP

Sportsbet to pay $3.7m in fines and penalties for sending 150,000 unwanted gambling ad messages

Online bookie will pay customers who made bets after receiving marketing spam

The Guardian - AU

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