{"id":777022691,"date":"2025-02-07T09:16:46","date_gmt":"2025-02-07T12:16:46","guid":{"rendered":"https:\/\/focusgn.com\/asia-pacific\/?p=777022691"},"modified":"2026-04-22T02:01:09","modified_gmt":"2026-04-22T05:01:09","slug":"entain-australia-to-close-ladbrokes-racing-club","status":"publish","type":"post","link":"https:\/\/focusgn.com\/asia-pacific\/entain-australia-to-close-ladbrokes-racing-club","title":{"rendered":"Entain Australia to close Ladbrokes Racing Club"},"content":{"rendered":"\n

Entain Australia’s CEO said new initiatives will be rolled out for members.<\/p>\n\n\n\n\n\n\n\n

Australia.- Entain Australia <\/strong>has\u00a0decided to disband its Ladbrokes Racing Club (LRC) <\/strong>programme due to the rising operating costs in the\u00a0wagering sector. The LRC was launched in 2023 <\/strong>to allow members to experience thoroughbred, greyhound and harness ownership.<\/p>\n\n\n\n

LRC will sell its racing stock. Some horses will be auctioned via Inglis Digital, while others will be transferred to New Zealand.<\/p>\n\n\n\n

Dean Shannon<\/strong>, Entain Australia CEO said, \u201cWe are proud of Ladbrokes Racing Club and the opportunity it has presented to thousands of customers to experience a race day as an owner. The increasing product fees and taxes in Australia, along with the rising cost of racing, has forced tough decisions to be made regarding these extra initiatives.<\/p>\n\n\n\n

\u201cWhile the club will no longer have a presence on the racetrack, our commitment to being a proud racing-first brand remains, with several new initiatives to be rolled out in 2025 for members. The\u00a0Ladbrokes\u00a0Racing Club was established to bring passionate, like-minded fans closer to the action by creating a community for them to interact \u2013 something we are excited to continue this year.\u201d<\/p>\n\n\n\n

Shannon said that New Zealand operations would remain unchanged. He said: “The TAB Racing Club in New Zealand will remain unaffected and continue to be active on the track.”<\/p>\n\n\n

\n
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The LRC programme was launched in 2023.<\/figcaption><\/figure>\n<\/div>\n\n\n

In December, the Australian Transaction Reports and Analysis Centre<\/strong> (AUSTRAC) commenced civil penalty proceedings<\/a> against Entain Group. It accuses the company of alleged serious and systemic non-compliance with Australia\u2019s anti-money laundering and counter-terrorism financing (AML\/CTF) laws.<\/p>\n\n\n\n

It said Entain\u2019s board and senior management failed to appropriately monitor its AML\/CTF programme and lacked proper controls to verify the identities of customers making cash deposits via third parties. It says Entain failed to check on 17 high-risk customers properly.<\/p>\n\n\n\n

See also: <\/strong>New Zealand Thoroughbred Racing names Matt Ballesty as CEO<\/a><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Entain Australia’s CEO said new initiatives will be rolled out for members.<\/p>\n","protected":false},"author":176,"featured_media":25040,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"is_press_release":false,"is_interview":false,"is_opinion":false,"focusai_summary":"Entain Australia is discontinuing its Ladbrokes Racing Club due to escalating operating costs, including product fees and taxes, while affirming its commitment to racing initiatives. Concurrently, the Australian Transaction Reports and Analysis Centre (AUSTRAC) has initiated civil penalty proceedings against Entain Group for alleged systemic non-compliance with AML\/CTF regulations, citing failures in customer identity verification and monitoring.","focusai_entities":"Entain Australia, Ladbrokes Racing Club, Dean Shannon, Inglis Digital, TAB Racing Club, Australian Transaction Reports and Analysis Centre, AUSTRAC, Entain Group, New Zealand Thoroughbred Racing, Matt Ballesty","focusai_location":"Australia, New Zealand","focusai_target_profile":"ceo_executive (0.9), regulator (1.0), compliance_legal (1.0), operator_casino (0.9), tech_data (0.7), marketing_crm (0.7), payments_fraud_aml (1.0), investor_analyst (0.9), supplier_vendor (0.7), journalist_researcher (1.0)","focusai_suggestions":[{"label":"Entain's Cost Strategy","query":"What specific operational cost components, beyond product fees and taxes, are driving Entain Australia's strategic decision to discontinue customer engagement initiatives like the Ladbrokes Racing Club, and how will this impact their overall GGR\/NGR projections?"},{"label":"AUSTRAC Penalty Impact","query":"What is the estimated financial exposure and potential reputational damage for Entain Group resulting from AUSTRAC's civil penalty proceedings, and what specific enhancements to their AML\/CTF governance framework are being implemented to address the alleged systemic non-compliance?"}],"footnotes":""},"categories":[16336,157],"tags":[24207,233],"class_list":["post-777022691","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-australasia-news","category-business-news","tag-entain","tag-sports-betting"],"_links":{"self":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022691","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=777022691"}],"version-history":[{"count":2,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022691\/revisions"}],"predecessor-version":[{"id":777022711,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/posts\/777022691\/revisions\/777022711"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media\/25040"}],"wp:attachment":[{"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/media?parent=777022691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/categories?post=777022691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/focusgn.com\/asia-pacific\/wp-json\/wp\/v2\/tags?post=777022691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}