Wire ASIA & OCEANIA
Tabcorp Bouyed by Strong figures
MALAYSIA – Sky Racing World has added to its content portfolio of international racing with the launch of Malaysian Thoroughbred racing. The Malaysian Thoroughbred racing product successfully launched at the end of September and enhances the impressive thoroughbred offerings available with Sky Racing World. This portfolio gives punters in North America access to thoroughbred racing in Australia, New Zealand, Korea, Japan (NAR), Singapore, Malaysia, South Africa and Argentina. Meets from the famous Selangor Turf Club in Kuala Lumpur will happen weekly, most often occurring on Saturday nights. The wagering bet types offered will be Win, Place, Exacta, Daily Double, Trifecta, Superfecta, Pick 3 and Pick 4.
David Haslett, CEO of Sky Racing World, stated: “We are delighted to introduce the simulcast of Malaysian Thoroughbred racing to North American players. This exciting addition from the historic Selangor Turf Club to our thoroughbred simulcast portfolio furthers our goal of offering punters a diverse selection of markets to enjoy.”
Mr Michael Fong, CEO of Selangor Turf Club added that: “Looking beyond its current challenges created by the pandemic, the Club is happy to simulcast its races to a new market segment in North America and at the same time bring Malaysian racing to international trends and standard. We are happy to provide punters in North America with an additional race venue to wager and thank Sky Racing World for their support.”
All races will be live-streamed on the new Sky Racing World App,
skyracingworld.com and major ADW platforms. Fans can also get free access to past performances and picks at
skyracingworld.com.
AUSTRALIA – Sportradar and the International Cricket Council have announced that for the first time live fielding data will be captured using a cricket data collection tool developed by Sportradar at the ongoing ICC Men’s T20 World Cup in Australia. Sportradar is the official data supplier for the ICC. This tool will help to bring cricket fans closer to the global sport through a higher level of engagement and understanding of the third discipline of cricket as the match happens.
The first in the world to collect and code comprehensive fielding data and standard batting and bowling statistics, the product captures up to 80 data points per ball bowled and at the lowest latency in market. The data will be used to power ICC’s fan-facing website and official mobile application. In addition, the data can be provided via bespoke feeds to media outlets and broadcasters globally to help shape and broaden live commentary with deeper insights.
P20 WIRE / PULSE / INSIGHT / REPORTS
Tabcorp saw revenue increase by 18.7 per cent for the first three months of the 2023 financial year to 30 September 2022.
Tabcorp, the Australian racing and betting company, saw revenue increase by 18.7 per cent for the first three months of the 2023 financial year to 30 September 2022.
Betting revenue was up 14.2 per cent and digital revenue market share was 24.7 per cent, up from 23.9 per cent in the fourth quarter of FY22 and stable on the comparative period. Tis highlights that Tabcorp has stabilised and improved digital market share after it fell below 24 per cent in FY22.
Bruce Akhurst, Chairman of TABCORP, said: “Our financial results were again heavily impacted by COVID-19, with retail and venue shutdowns in our two largest markets of NSW and Victoria in the first half, impacting our Wagering and Media and Gaming Services business, while unprecedented wet weather in the second half further impacted our Wagering and Media business. Despite this, our business remains financially strong. Group EBITDA from continuing operations before significant items was $382m. Pleasingly, following the end of COVID-19 related lockdowns, the performance of our business has improved.
“Tabcorp’s 2022 financial year heralded the start of a new era for our company. A line in the sand for us. We successfully completed the demerger of the Lotteries and Keno business on 1 June 2022 – on time and with strong support from our shareholders. We are confident that the demerger will generate long term value for shareholders, with each business now able to adopt more focused operating structures and strategies, and shareholders better able to value each business on a standalone basis.
“Te demerger has allowed us to renew our Board and executive team and embark on an urgent transformation of our business. We have a clear strategy that is focused on growth and are moving at pace to transform Tabcorp into a more competitive and profitable digital wagering and integrity services business.
“In the first month following the demerger Tabcorp secured proposed reforms in Queensland which, when implemented, will ensure thatin Queensland, Tabcorp will no longer pay more wagering taxes and fees than foreign online bookmakers. Tis will allow Tabcorp to compete on a level playing field.”
Macau Sands China’s US$61bn secures Macau spot?
Morgan Stanley has cast its eye over the Macau casino licence renewal process, stating that Sands China is at least risk of losing its licence having invested the most money, being the biggest employer in the Macau casino sector and generating the largest percentage of non-gaming revenue.
Analysts Praveen Choudhary and Gareth Leung highlighted that Sands has spent US$61bn in the SAR since 2007 and currently employs 25,110 people equating to 26 per cent of the industry. Its percentage of revenue from non- gaming is 27 per cent. Te analysts say this ‘should see its licence renewed.’
“Among large caps, Sands has a more attractive valuation than
Philippines
Galaxy,” they wrote. “Galaxy outperformed Sands during the pandemic, which we think was due to better balance sheet and lower credit risk. Once Sands’ gaming licence is renewed and the industry starts making positive cash flow, we expect Sands to reverse this performance.”
“We continue to assume 2024 is the year the industry fully normalises and keep our 2024 industry GGR unchanged at 80 per cent of 2019 level,” they added.
On October 17, Philippine police arrested Japanese gaming mogul Kazuo Okada on charges related to his takeover of Okada Manila in May. A statement issued by Universal Entertainment said that Kazuo Okada was arrested at Naia T1 Manila airport after he landed on a flight from Haneda, Japan. Okada’s local partners Antonio Cojuangco, Dindo Espeleta, lawyer Florentino Herrera and others are facing arrest for alleged grave coercion when his men physically took over the Okada Manila on May 31 after the Supreme Court reinstated him as chairman of the casino’s operator. Universal Entertainment-led Tiger Resorts insists that the “status quo ante” order issued at that time only directed parties to restore the set-up prior to Okada’s removal and did not empower him to form a new board.
Page 1 |
Page 2 |
Page 3 |
Page 4 |
Page 5 |
Page 6 |
Page 7 |
Page 8 |
Page 9 |
Page 10 |
Page 11 |
Page 12 |
Page 13 |
Page 14 |
Page 15 |
Page 16 |
Page 17 |
Page 18 |
Page 19 |
Page 20 |
Page 21 |
Page 22 |
Page 23 |
Page 24 |
Page 25 |
Page 26 |
Page 27 |
Page 28 |
Page 29 |
Page 30 |
Page 31 |
Page 32 |
Page 33 |
Page 34 |
Page 35 |
Page 36 |
Page 37 |
Page 38 |
Page 39 |
Page 40 |
Page 41 |
Page 42 |
Page 43 |
Page 44 |
Page 45 |
Page 46 |
Page 47 |
Page 48 |
Page 49 |
Page 50 |
Page 51 |
Page 52 |
Page 53 |
Page 54 |
Page 55 |
Page 56 |
Page 57 |
Page 58 |
Page 59 |
Page 60 |
Page 61 |
Page 62 |
Page 63 |
Page 64 |
Page 65 |
Page 66 |
Page 67 |
Page 68 |
Page 69 |
Page 70 |
Page 71 |
Page 72 |
Page 73 |
Page 74 |
Page 75 |
Page 76 |
Page 77 |
Page 78 |
Page 79 |
Page 80 |
Page 81 |
Page 82 |
Page 83 |
Page 84 |
Page 85 |
Page 86 |
Page 87 |
Page 88 |
Page 89 |
Page 90 |
Page 91 |
Page 92 |
Page 93 |
Page 94 |
Page 95 |
Page 96 |
Page 97 |
Page 98 |
Page 99 |
Page 100 |
Page 101 |
Page 102 |
Page 103 |
Page 104 |
Page 105 |
Page 106 |
Page 107 |
Page 108
