Company denies breaking the law but agrees to pay $210,000 penalty imposed by Liquor & Gaming NSW
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The News Corp-backed wagering company Betr has been fined a record $210,000 for splashing 100-1 inducements to gamble on affiliated newspapers, radio and television stations when it launched last year.
The company offered gamblers massively inflated returns on every horse in the Melbourne Cup, provided they bet less than $10. Similar inducements were offered for the Cox Plate and AFL and NRL markets in a bid to lure customers away from established gambling companies.
Continue reading…Company denies breaking the law but agrees to pay $210,000 penalty imposed by Liquor & Gaming NSWFollow our Australia news live blog for the latest updatesGet our morning and afternoon news emails, free app or daily news podcastThe News Corp-backed wagering company Betr has been fined a record $210,000 for splashing 100-1 inducements to gamble on affiliated newspapers, radio and television stations when it launched last year.The company offered gamblers massively inflated returns on every horse in the Melbourne Cup, provided they bet less than $10. Similar inducements were offered for the Cox Plate and AFL and NRL markets in a bid to lure customers away from established gambling companies.Sign up for Guardian Australia’s free morning and afternoon email newsletters for your daily news roundup Continue reading…