Tag: NTD

PointsBet in talks to sell Australia arm to News Corp venture

PointsBet is in discussions to sell its Australian arm to NTD Limited, the News Corp-led business behind Australia’s Betr brand.

PointsBet revealed last week – following a report in The Australian – that it was in discussions to sell its Australian business to NTD Pty Limited.

NTD is a venture set up this year involving media conglomerate News Corp, investment fund Tekkorp Capital and long-time industry executive Matt Tripp and operates the Australia-facing Betr brand. Another operator named Betr launched in the US this year, but the two are unrelated.

PointsBet said “any potential transaction will be assessed in the context of PointsBet’s global strategy and opportunities”.

Murdoch family-owned News Corp are among the parties involved in Ntd Pty Limited

“Discussions between PointsBet and NTD are incomplete and preliminary in nature,” it said. “There is no certainty that these discussions will result in any binding transaction.

“PointsBet will keep the market updated in accordan..

Read more

News Corp venture adjusts wagering plans with TexBet acquisition

News Corp Australia and Tekkorp’s new NTD Pty wagering venture will acquire assets from local operator TexBet, as part of a change to its agreement with betting supplier BetMakers.

NTD agreed to purchase certain assets owned by O’Shea Bookmaking Pty, which trades as TexBet, with support from BetMakers. TexBet is a long-standing SaaS platform customer of BetMakers.

Effective from completion of the sale of TexBet, BetMakers shall receive ownership and IP rights for the betting platform technology currently owned by TexBet, while BetMakers will also support the migration of TexBet users to the NTD platform.

This follows an initial deal, agreed in April when the NTD venture was first announced, which stated that News Corp will run the venture with backing from gambling executives Matt Davey of Tekkorp and Matt Tripp, while BetMakers’ technology will drive NTD.

The deal said that BetMakers’ OM Apps subsidiary would provide B2B platform technology and wagering solutions to NTD, which wi..

Read more

Want To Keep Up To date with our latest news and information? Please enter your email address below to be added to our mailing list

Bookielink.com is operated by Intraseculink Ltd, Registration Number: HE356617, 176 Athalassas Avenue, Office 401, 2025, Strovolos, Nicosia, Cyprus. BLUEINIC B.V. with Registration number 140279 and registered address at Abraham Mendez Chumaceiro , Boulevard 50, is licensed under Antillephone N.V. ,holder of Gaming License #8048/JAZ of the Central Government of the Netherlands Antilles. BLUEINIC B.V. is licensed and regulated in virtue of license number #8048/JAZ2016-030 granted by the Government of Curaçao to BLUEINIC B.V. The license was issued on ‎08-06-2016.

Bookielink.com © 2023 All rights reserved.