Media giant enters sports betting

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Media giant News Corp is entering the Australian sports betting market through a venture with industry veteran Matt Tripp and investment and advisory company Tekkorp Capital.

Tekkorp said it will be “investing significantly” in the new online brand, without giving details. BetMakers Technology Group, the global wagering technology solutions supplier, has been selected as the exclusive platform and services provider.

Both Tekkcorp CEO Matt Davey and president Robin Chhabra will be joining the board of the new venture. “The Australian online sports betting market has been booming but is ripe for innovation and competition,” Chhabra said. “This consortium has the mix of skills, experience and capital to become a significant player.”

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