Betr fined $150,000 by Liquor and Gaming NSW

Following a S$44 million initial investment, News Corp has sold its share in the Australian gambling startup Betr.

In less than a year since Betr's founding, News Corp has sold its stake in the business, following regulators' $150,000 fine against Betr.

For what Liquor and Gaming NSW described as "significant breaches of the law," the regulator sent 14 separate infringement notices to Betr.

 

[gwolf666]

News Corp sold its stake in the Australian gambling startup Betr after an initial S$44 million investment. This sale came less than a year after Betr's founding and followed a $150,000 fine from regulators for significant legal breaches. Liquor and Gaming NSW issued 14 infringement notices to the company for violations.