betr Entertainment’s wagering revenue more than doubled to A$132m in the financial year ended 30 June 2025, according to a report. The available report text gives no further results details.
The reported revenue growth is relevant to investors assessing betr Entertainment’s financial performance.
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Reportedly, Australia's government has introduced legislation restricting gambling branding on professional sports jerseys. Existing sponsorship contracts could continue until 31 December 2031 under transitional provisions. Communications Minister Anika Wells defended the period as accommodating commercial agreements, while domestic lottery operators would receive an exemption.
Gaming companies including Las Vegas Sands, Boyd Gaming and Monarch Casinos were scheduled to report quarterly results during the week covered by the report. The Roundhill Sports Betting & iGaming ETF fell 1.6% in the preceding week, in line with the S&P 500; the report also cited company share moves and financial updates.
Betr will operate under a Tasmanian Liquor and Gaming Commission licence from 7 July 2026, following an assessment that awarded it one of three available licences. The company said bets placed before that date will be settled under its Northern Territory licence, with wagering and account activity moving to Tasmania from 7 July.
DraftKings, Soft2Bet and Red Rock Resorts have announced or made senior appointments in North America. Andrew Winchell joined DraftKings as senior government affairs manager, Catherine Lynch joined Soft2Bet as vice-president of global partnerships, and J. Colby Williams will become Red Rock Resorts’ executive vice-president and general counsel in September 2026, replacing retiring Jeffrey Welch.
DraftKings appointed Andrew Winchell as its government affairs lead, reportedly joining from Betr. Winchell previously held a similar role at Betr for two years and spent five years at a Flutter-owned brand.