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Why Lachlan Murdoch wanted News Corp to stay out of Australia’s betting market

Summary by Ground News
Lachlan Murdoch was said to be against News Corp being involved with Betr. Betr has amassed more than 300,000 users and will this week pay $40 million to punters who backed the Penrith Panthers to win the NRL grand final for a third year in a row. News Corp deferred all questions about its involvement in the business to Betr and declined to comment.

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Sydney Morning HeraldSydney Morning Herald
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Why Lachlan Murdoch wanted News Corp to stay out of Australia’s betting market

As the deadline looms for bookmaker Betr to complete its final payout of now-infamous 100-1 launch odds on a string of national sporting events, the inducement is a soft spot with its key investor News Corp, despite a lack of financial exposure.

·Sydney, Australia
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Sydney Morning Herald broke the news in Sydney, Australia on Thursday, October 5, 2023.
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