Bloomberg Business

Tabcorp, Entain Face Online Gambling Ad Ban in Australia

Gaming companies including Tabcorp Holdings Ltd., Entain Plc and Bet365 suffered a setback as an Australian parliamentary inquiry recommended banning all advertising for online gambling in order to decouple betting from sport and reduce financial harm.

Australia’s Budget Surplus Swells on Jobs, Exports Strength

Australia’s first budget surplus in 15 years will be larger than the A$4.2 billion ($2.8 billion) forecast just last month, Treasurer Jim Chalmers said, as elevated commodity prices and a tight labor market bolster revenue.

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