News Corp, one of the largest media companies in the world, has announced that it is finally ready to launch a new sports betting business in Australia through a venture with Matt Tripp, an industry veteran, and Tekkorp Capital, an investment and advisory company. Matt Tripp is an online sports betting pioneer, he is the founder and former Chairman of Sportsbet and the Chief Executive Officer of BetEasy.
Tekkorp Capital announced that it is willing to “invest heavily” in the new online sports betting brand, but didn’t reveal any specific details. However, the new venture announced that the platform and services provider has already been selected: BetMakers Technology Group.
Matt Davey, the Chief Executive Officer of Tekkcorp Capital, and Robin Chhabra, the President of the company, will be a part of the board of directors of the new venture.
Robin Chhabra explained why his company chose to embark on this journey: “The Australian online sports betting market has been booming but is ripe for innovation and competition. This consortium has the mix of skills, experience, and capital to become a significant player.”