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posted by Walter 2026-03-09 21:19:46.37696

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posted by Pearline 2026-03-09 21:18:34.399448

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posted by Manual 2026-03-09 21:17:25.440737

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posted by Lanny 2026-03-09 21:16:43.399656

Entain has fundamentally transformed its approach to compliance and now operates a market-leading program, underpinned by a compliance-first culture. Entain’s defence admitted that the company’s compliance program was not up to par during that period. Entain, a leading player in Australia’s wagering market, is ready to defend itself in what could become a high-profile case under the country’s anti-money laundering laws. The Australian market was described by chief financial officer Rob Wood as continuing to be soft and "impacted by less favourable horse racing results". Online operators have so far managed to avoid court proceedings, often resolving issues through enforceable undertakings. However, CEO Stella David noted that this does not represent an agreed or expected penalty. Meanwhile, Entertain pointed out that all 17 accounts identified by AUSTRAC were closed before the regulator launched its investigation. Andrew Vouris, CEO of Entain Australia and New Zealand, noted that the company has since made significant improvements. Australia’s financial intelligence agency alleges that the operator failed to appropriately address the risk of its websites being exploited by criminal organizations By subscribing you agree to receive email newsletters and marketing from The Straight which may include third party advertising. The Group is tax resident in the UK and is the only global operator to exclusively operate in domestically regulated or regulating markets operating in over 30 territories. Entain provides the technology and capabilities which power BetMGM as well as exclusive games and products, specially developed at its in-house gaming studios. We are committed to keeping financial crime out of gambling and continue to play our part in supporting a well-regulated and compliant sector for our customers, stakeholders and the wider community." This dedicated programme, as communicated to AUSTRAC, is due to be completed in June 2025. As the candy96.fun Group has previously disclosed, this investigation was announced by AUSTRAC in September 2022. More than two decades on from Hollow Bullet, Redgum Racing remains a working partnership between John McArdle and Brent Clayton that has made the most of its opportunities to return the stable to top-level racing. Australia is one of only three countries where Entain didn’t grow online NGR? in the first half of 2025, along with two other highly regulated jurisdictions, the Netherlands and Belgium. An outcome of the AUSTRAC process is expected in the next six months, and there is no doubt that will be seen as a crucial inflection point for the future of Entain’s Australian ambitions. It has been clear from the recent appointment of Andrew Vouris as Entain Australia and New Zealand chief executive, replacing Dean Sahnnon, that there is a change of mentality in the Australasian business. "That provision is purely accounting-driven, and there is no certainty that the quantum reflects what might be a potential penalty. Entain chief executive Stella David was at pains to stress this was only an accounting measure and not a guide as to what a potential penalty may be. It should be a concern for any Australian racing administrator, especially given how much Ladbrokes and Neds have invested in racing through sponsorship and other initiatives over the past five years. That’s a familiar line, with the profitability of racing punters becoming more and more marginal for the major bookmakers. The overall global online NGR was posted at £1.9 billion ($A3.93 billion).

posted by Dylan 2026-03-09 21:16:28.385289

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