AU$55,000<\/strong> for sending unsolicited direct marketing communications in its first week of operation. The company was also fined AU$20,000 in December after it contacted someone on a self-exclusion register.<\/p>\n\n\n\nThe company says it is assessing all opportunities to maximise shareholder value and aims to become a tier-one operator. The company has been distancing itself from News Corp, as the media groups accounts for the last six months of 2022 revealed losses of approximately AU$33m to affiliates, a portion of which was attributed to Betr. Two News Corp executives recently quit Betr’s board.<\/p>\n","protected":false},"excerpt":{"rendered":"
The company has reportedly received offers from domestic and international operators.<\/p>\n","protected":false},"author":176,"featured_media":14081,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Betr, an Australian gambling startup backed by News Corp, is reportedly on the market for sale, attracting interest from both domestic and international operators. This development follows a failed acquisition of PointsBet and significant regulatory fines for non-compliance with New South Wales and Northern Territory gambling laws, impacting its financial performance and leading to News Corp executive resignations from its board.","focusai_entities":"Betr, News Corp, PointsBet, The Guardian, Barrenjoey, Liquor & Gaming NSW, Racing Commission in the Northern Territory","focusai_location":"Australia, New South Wales, Northern Territory","focusai_target_profile":"ceo_executive (0.9), regulator (0.9), compliance_legal (0.9), operator_casino (0.8), marketing_crm (0.8), investor_analyst (0.9), journalist_researcher (0.8)","focusai_suggestions":[{"label":"Betr Valuation Impact?","query":"What is the projected valuation impact of Betr's repeated regulatory non-compliance on its potential acquisition offers, considering the reported AU$33m losses attributed to affiliates?"},{"label":"News Corp Divestment Strategy?","query":"How does News Corp's strategic divestment from Betr, following executive resignations and financial losses, signal a shift in its capital allocation or iGaming market strategy?"}],"footnotes":""},"categories":[16336,157],"tags":[233],"class_list":["post-777004935","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-sports-betting"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004935","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/users\/176"}],"replies":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/comments?post=777004935"}],"version-history":[{"count":3,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004935\/revisions"}],"predecessor-version":[{"id":777004968,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777004935\/revisions\/777004968"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/14081"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777004935"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777004935"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777004935"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}