Entain allowed a New Zealander to deposit and withdraw almost $10m without proper checks, watchdog alleges

Entain owns sports betting brands Ladbrokes and Neds. (NZME)

Thu, 03 Apr 2025

A New Zealand businessman deposited and withdrew millions of dollars in betting accounts without proper checks, says an Australian watchdog, alleging potential money laundering.The Australian subsidiary of the offshore company operating the TAB allegedly failed to gather sufficient information about a New Zealander who deposited nearly $15 million into his sports betting accounts. The Australian Transaction Reports and Analysis Centre (Austrac) has alleged Entain Australia failed to implement proper checks on the sources of some of its big...

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