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The Guardian - AU

National

Amanda Meade

News Corp sells stake in gambling startup Betr after initial investment of $70m

Betr News Corp Liquor Gaming NSW NRL

The Betr Darwin Triple Crown — The Betr Darwin Triple Crown, part of the 2023 Supercars Championship Series on June 18, 2023 in Darwin. News Corp has sold its shares in Betr. Photograph: Daniel Kalisz/Getty Images

News Corp has sold its shares in gambling startup Betr less than a year after its launch and having received a record $210,000 fine from regulators in April.

Betr was established with a reported $70m backing from News Corp, the former BetEasy chief executive Matthew Tripp’s TGW and the Las Vegas firm Tekkorp, with the intention of utilising News Corp’s media assets to promote the company.

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