REPORTS VICTORIA


Questions over Entain’s anti-money laundering practices in Australia may have caused it some damage. However, a statement from WA government premier Mark McGowan


released in early November stated the sale process would now be terminated and the state would retain ownership of WA TAB Sports betting licensing


BetR is a start-up Australian bookmaker launched in spring 2022 founded by former Sportsbet owner Matthew Tripp, former BetEasy CEO Andrew Menz, News Corp print publisher, Betmakers technology group and Tekkorp, a US investment and digital gaming consulting firm.


Bidding offers were submitted by mid-August in a deal which has been discussed for years but formally began in 2019 but was put on hold during the pandemic. Te process restarted in October 2021.


BetR was named as the frontrunner by the WA Gaming and Wagering Commission, however BetR withdrew its bid recently in November after a dispute with the WA government over branding issues. It is understood BetR wanted to re-brand TAB into its own identity as part of a plan to expand into the Australian wide sportsbook market.


With BetR out of the running it was then believed Tabcorp would be handed the licence as recent questions over Entain’s anti-money laundering


practices in Australia may have caused it some damage.


However, a statement from WA government premier Mark McGowan released in early November stated the sale process would now be terminated and the state would retain ownership of WA TAB due to being unable to reach an agreement to ensure the sale would be “in the best long term interest of the state and local racing industry.”


Apparently the government was unable to reach an agreement with either Entain or Tabcorp and the Racing and Wagering WA authority (RWWA) will now continue to operate WA TAB under the state government’s ownership.


RWWA was established in 2003 under the Racing and Wagering Australia Act 2003 and provider for thoroughbred, harness and greyhound racing. Turnover in FY2021 amounted to $2.3bn ($1.89bn in 2020) whilst overall revenue in 2021 amounted to $551.7m a record high – made up of $374m from TAB wagering and $178m from other levies. TAB


Apparently the government was unable to reach an agreement with either Entain or Tabcorp and the Racing and Wagering WA authority (RWWA) will now continue to operate WA TAB under the state government’s ownership. Sports betting licensing


P56 WIRE / PULSE / INSIGHT / REPORTS


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