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Tabcorp Launches Merged Pools, Powered by Nasdaq’s Longitude Technology

George Miller

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Tabcorp Launches Merged Pools, Powered by Nasdaq’s Longitude Technology
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New Trio bet type has been created within the Trifecta pool

 

Tabcorp Holdings Limited, Australia’s leading wagering operator, and Nasdaq announced Tabcorp has officially launched its new Trio betting type for pari-mutuel customers. Powered by Nasdaq’s Longitude merged pool technology, Trio allows customers to select three horses to finish first, second and third in any order.

The Longitude technology offers an enhancement to the tote betting system that allows multiple bet types to be merged into one pool. In this scenario – Trio merging with the Trifecta pool – allows customers to bet into pools with aggregated liquidity, allowing for greater dividend stability and confidence. Furthermore, this technology creates more certainty for customers of their potential returns by providing the ability to see approximate dividends on their Trifecta and Trio bets.

“We’re committed to bringing the best possible products to our customers and believe Trio will be loved by punters,” said Andy Wright, Executive General Manager of Wagering, TAB. “It’s the first of many exciting opportunities made possible by our merged pool technology and we look forward to unveiling more new bet types in the future.”

“In launching Trio with our merged pool technology, Tabcorp is providing its customers with an innovative betting type that makes efficient use of existing liquidity and greater transparency for the market,” said Scott Shechtman, Head of Longitude and New Markets, Nasdaq. “We look forward to supporting Tabcorp’s innovation as they continue to enhance the customer experience by creating new pari-mutuel betting products over the coming years.”

Nasdaq’s world-leading market technology powers more than 250 of the world’s market infrastructure organizations and market participants, including broker-dealers, exchanges, clearinghouses, central securities depositories and regulators, in over 50 countries with end-to-end, mission-critical technology solutions.

 

About Tabcorp:
Tabcorp is a world-class diversified gambling entertainment group and top 50 ASX company with more than 5,000 employees. In December 2017 Tabcorp combined with Tatts Group. Tabcorp now operates the brands TAB, Tatts, NSW Lotteries, Golden Casket, SA Lotteries, Keno, MAX, Sky Racing and Sky Sports Radio – familiar names which ignite passion and excitement in millions of Australians. www.tabcorp.com.au

About Nasdaq:
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 100 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to approximately 4,000 total listings with a market value of approximately $15 trillion. To learn more, visit: http://business.nasdaq.com.

Australia

ACMA Issues First Directions for ISPs to Block Unauthorised Offshore Sites

Niji Narayan

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ACMA Issues First Directions for ISPs to Block Unauthorised Offshore Sites
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The Australian Communications and Media Authority (ACMA) has issued notices to Internet service providers (ISPs), under Section 313(3) of the telecommunications act, to take steps to prevent their customers from accessing unauthorised offshore sites “Emu Casino” and “Fair Go Casino.”

ACMA said that the two sites it was targeting offered casino-style games, which are prohibited by the Interactive Gambling Act.

Section 313(3) has previously been employed to block access to child abuse material, tackle online fraud and prevent the spread of malware. The government in mid-2017 released guidelines for the use of the power by Commonwealth agencies, following an incident where a notice issued by the Australian Securities and Investments Commission (ASIC) saw hundreds of thousands of sites erroneously blocked.

“Emu Casino and Fair Go Casino are illegal sites that target Australians, and between the two we have received more than 50 complaints about their conduct,” ACMA’s chair Nerida O’Loughlin said.

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Australia

New funding opportunities for gambling research

George Miller

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New funding opportunities for gambling research
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A new funding opportunity for PhD scholarships, post-doctoral fellowships and study grants that help build capability and capacity in gambling research has been launched by the NSW Office of Responsible Gambling.

Funded by the Responsible Gambling Fund, this funding aims to improve the quality, diversity and impact of Australian gambling research in communities across the nation.

Natalie Wright, Director of the Office of Responsible Gambling said these grants will bridge the gap between research, policy and service delivery to increase the influence of research on gambling harm prevention and minimisation and achieve better outcomes.

“We are committed to providing up-and-coming researchers with an opportunity to dedicate their careers to gambling studies and have a real impact in our community,” Ms Wright said.

“Research is crucial because it provides the evidence base for responsible gambling policy, interventions and programs, and it is important to encourage our brightest minds to stay in or move into the gambling research field.

“We encourage collaborative partnerships, cross-disciplinary approaches and applications from a diverse range of disciplines, to build knowledge and develop innovative approaches to working towards zero gambling harm.”

The submission round for the PhD scholarships and post-doctoral fellowships opens on Tuesday 19 November 2019 and closes on Friday 31 January 2020.

The study grants will also open on 19 November 2019 for study in 2020. Applications for study grants can be lodged throughout the year.

More information is available on the NSW Office of Responsible Gambling website:
www.responsiblegambling.nsw.gov.au/funding-opportunities/gambling-research-capacity-grants

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Australia

Scientific Games reports record performance at Melbourne Cup

George Miller

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Scientific Games reports record performance at Melbourne Cup
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This year’s Melbourne Cup saw OpenSports hit a peak of 35,000 bets per minute for a single operator that is now hosted fully in the cloud. OpenSports is known for powering seamless player experiences for its partner operators through its proven, reliable and scalable OpenBet platform as seen across key sporting events across the globe.

The demand through peak times during this year’s Melbourne Cup event was 35 percent higher than the maximum number of bets per minute ever seen previously on the platform in 21 years of operation.

The Melbourne Cup is Australia’s most famous annual Thoroughbred horse race. It is a 3200-metre race for horses three years old and over, conducted by the Victoria Racing Club on the Flemington Racecourse in Melbourne, Victoria as part of the Melbourne Spring Racing Carnival. It is the richest “two-mile” handicap in the world, and one of the richest turf races.

Keith O’Loughlin, SVP Sportsbook for SG Digital, said, “This record performance is a great new benchmark for us and for our partners as OpenSports continues to grow. We’re capable of processing record transaction numbers, and our global customers are benefitting from the scalability of our platform.”

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