Matt Tripp's Betr buys 20pc of PointsBet in takeover war
Matthew Tripp's Betr has bought nearly 20 per cent of its bookmaker rival PointsBet, throwing a major curveball in Japanese entertainment giant Mixi's attempted takeover of the company.
Betr, formerly known as BlueBet, has been trying to thwart a deal with Mixi since PointsBet announced the $353 million board-endorsed bid in late February. It told the market late on Monday it had bought more than 66 million shares in PointsBet.
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Perth Now
a day ago
- Perth Now
How a WA brewery became an icon with just $25k
In the 20 years since launching with salvaged equipment and a $25,000 credit card, Gage Roads Brewing Co. has surfed the ebbs and flows of the craft beer industry to become Australia's fourth-biggest beer group. 'Number cruncher' John Hoedemaker and his brother Bill, an award-winning brewer, started the business named after the stretch of water between Fremantle and Rottnest Island in the former Meadow Lea margarine factory in Palmyra. Rather than follow in the footsteps of pioneering Fremantle brewpubs Sail & Anchor or Little Creatures, Gage Roads opened the production facility well before its 'ultimate beach house' at Fremantle's Victoria Quay. Gage Roads is now part of Good Drinks Australia, also home to Matso's, Alby and other brands. The company delisted from the ASX in December 2024. Anthea Green, Kieran Hookway, Lavinia Collins and Chase Barrett-Brown enjoying the beers at Gage Road Freo. Credit: Ross Swanborough / The West Australian Chief strategy officer Aaron Heary said while other craft breweries focused on hops and other ingredients to impress 'bearded hipsters with tattoos', Gage Roads focused on aligning their brand with the coastal lifestyle. 'We kind of broke all the rules,' the former head brewer said. We'd like to see a Gage Roads beer in every fridge in Australia. Gage Roads' Single Fin summer ale is currently the fifth biggest selling beer by volume in WA after Great Northern, Emu Export, Carlton Dry and Corona — all owned by Japanese giants Asahi and Kirin. Gage Roads co-founder John Hoedemaker and chief strategy officer Aaron Heary. Credit: Ross Swanborough / The West Australian Mr Heary revealed Single Fin was initially called South Beach before being pulled from shelves because a major brewer had already registered the name. In addition to an epic Sunday session starring local musician Noah Dillon on the WA Day long weekend, Gage Roads will unveil new core range beer, Huey Coastal Lager, to celebrate its 20th birthday. The 3.8 per cent pure malt lager featuring the brewer's seagull mascot Huey harkens back to Gage Roads' first beer, Pure Malt Lager. Mr Hoedemaker was keen for Gage Roads, which was 25 per cent owned by Woolworths from 2009 to 2016, to become entrenched as the pre-eminent WA beer brand. 'It's important for a community to have their own brewery,' he said. Gage Roads will also continue to push into eastern states markets, especially Queensland, according to Mr Hoedemaker. 'We'd like to see a Gage Roads beer in every fridge in Australia,' he said.
Sky News AU
a day ago
- Sky News AU
‘There is no alternative': US dollar in decline as influence in question
Economist and author James Rickards discusses whether the US dollar is losing its global influence following its decline in recent months, asserting the US Treasury remains secure as the leading global reserve. 'The dollar has gone down in value, but it was from a pretty high level,' Mr Rickards told Sky News host Ed Boyd. 'There is no alternative, the other biggest bond markets in the world are Japanese government bonds and Italian government bonds – so if you don't like US Treasury, do you like JGBs better? … the answer is no. 'Even in a world where the dollar is going down in terms of exchange rates, the US Treasury, the Treasury Securities Market is not threatened as the leading global reserve asset.'
The Advertiser
2 days ago
- The Advertiser
'Grim possibility': warning over China's nuclear desire
Bolstering arms control has become paramount amid China's rapid pursuit of nuclear expansion and the grim possibility weapons of mass destruction will become globally available, Richard Marles has warned. Australia's deputy prime minister has told Singapore's Shangri-La Dialogue that arms control frameworks need to be strengthened to keep up with growing risks and advances in technology across the Pacific and elsewhere. "China's decision to pursue rapid nuclear modernisation and expansion, which aims in part to reach parity with or surpass the United States, is another reason the future of strategic arms control must be revitalised," he informed Asia's top security summit on Saturday. "That is a difficult and daunting project. "We also have to counter the grim, potentially imminent, possibility of another wave of global nuclear proliferation as states seek security in a new age of imperial ambition." Mr Marles said the assumption the challenge of restricting nuclear arms ended with the Cold War had proved "spectacularly inaccurate". "The landmark treaties that defined that era ... are just as relevant today as they were decades ago," he said. The annual gathering convenes the region's defence ministers and senior officials, and is a meeting point for representatives from the US and China to hold high-level talks. Yet for the first time since 2019, Beijing hasn't sent its defence minister. Mr Marles and his Japanese and American counterparts are also holding a trilateral defence ministers meeting and he was also scheduled to attend talks including the Philippines. He met on Friday with US counterpart Pete Hegseth, who raised the issue of increased defence spending. The Albanese government has already committed to lift defence expenditure to about 2.3 per cent of GDP within the decade. Mr Marles wouldn't confirm if Mr Hegseth specifically nominated a three per cent of GDP target that the US has requested of other allies. "We are very much up for the conversation and the American position has been clear, and it's understandable, and that's a conversation that we will continue to have with the US," he told ABC. In brief remarks made before their meeting, Mr Hegseth described the relationship with Australia as a "partnership as strong and robust as it's ever been, and as important considering the issues we face in the region and the world". Speaking with Reuters on the sidelines of the Shangri-La Dialogue on Saturday, Mr Marles said Australia wanted the most productive relationship with China possible. "We hope that in the context of that productive relationship, we can see greater transparency and greater communication between our two countries in respect of our defence," he said. Both Australia and New Zealand raised concerns in February after three Chinese warships conducted unprecedented live-fire drills in the Tasman Sea. Both nations complained of late notice over the drills, which led to the diversion of 49 commercial flights. "From the moment they came within the vicinity of Australia, they were being tailed and tracked by Australian assets ... we were very clear about what exercises China was undertaking and what capability they were seeking to exercise and to build," Mr Marles said. Bolstering arms control has become paramount amid China's rapid pursuit of nuclear expansion and the grim possibility weapons of mass destruction will become globally available, Richard Marles has warned. Australia's deputy prime minister has told Singapore's Shangri-La Dialogue that arms control frameworks need to be strengthened to keep up with growing risks and advances in technology across the Pacific and elsewhere. "China's decision to pursue rapid nuclear modernisation and expansion, which aims in part to reach parity with or surpass the United States, is another reason the future of strategic arms control must be revitalised," he informed Asia's top security summit on Saturday. "That is a difficult and daunting project. "We also have to counter the grim, potentially imminent, possibility of another wave of global nuclear proliferation as states seek security in a new age of imperial ambition." Mr Marles said the assumption the challenge of restricting nuclear arms ended with the Cold War had proved "spectacularly inaccurate". "The landmark treaties that defined that era ... are just as relevant today as they were decades ago," he said. The annual gathering convenes the region's defence ministers and senior officials, and is a meeting point for representatives from the US and China to hold high-level talks. Yet for the first time since 2019, Beijing hasn't sent its defence minister. Mr Marles and his Japanese and American counterparts are also holding a trilateral defence ministers meeting and he was also scheduled to attend talks including the Philippines. He met on Friday with US counterpart Pete Hegseth, who raised the issue of increased defence spending. The Albanese government has already committed to lift defence expenditure to about 2.3 per cent of GDP within the decade. Mr Marles wouldn't confirm if Mr Hegseth specifically nominated a three per cent of GDP target that the US has requested of other allies. "We are very much up for the conversation and the American position has been clear, and it's understandable, and that's a conversation that we will continue to have with the US," he told ABC. In brief remarks made before their meeting, Mr Hegseth described the relationship with Australia as a "partnership as strong and robust as it's ever been, and as important considering the issues we face in the region and the world". Speaking with Reuters on the sidelines of the Shangri-La Dialogue on Saturday, Mr Marles said Australia wanted the most productive relationship with China possible. "We hope that in the context of that productive relationship, we can see greater transparency and greater communication between our two countries in respect of our defence," he said. Both Australia and New Zealand raised concerns in February after three Chinese warships conducted unprecedented live-fire drills in the Tasman Sea. Both nations complained of late notice over the drills, which led to the diversion of 49 commercial flights. "From the moment they came within the vicinity of Australia, they were being tailed and tracked by Australian assets ... we were very clear about what exercises China was undertaking and what capability they were seeking to exercise and to build," Mr Marles said. Bolstering arms control has become paramount amid China's rapid pursuit of nuclear expansion and the grim possibility weapons of mass destruction will become globally available, Richard Marles has warned. Australia's deputy prime minister has told Singapore's Shangri-La Dialogue that arms control frameworks need to be strengthened to keep up with growing risks and advances in technology across the Pacific and elsewhere. "China's decision to pursue rapid nuclear modernisation and expansion, which aims in part to reach parity with or surpass the United States, is another reason the future of strategic arms control must be revitalised," he informed Asia's top security summit on Saturday. "That is a difficult and daunting project. "We also have to counter the grim, potentially imminent, possibility of another wave of global nuclear proliferation as states seek security in a new age of imperial ambition." Mr Marles said the assumption the challenge of restricting nuclear arms ended with the Cold War had proved "spectacularly inaccurate". "The landmark treaties that defined that era ... are just as relevant today as they were decades ago," he said. The annual gathering convenes the region's defence ministers and senior officials, and is a meeting point for representatives from the US and China to hold high-level talks. Yet for the first time since 2019, Beijing hasn't sent its defence minister. Mr Marles and his Japanese and American counterparts are also holding a trilateral defence ministers meeting and he was also scheduled to attend talks including the Philippines. He met on Friday with US counterpart Pete Hegseth, who raised the issue of increased defence spending. The Albanese government has already committed to lift defence expenditure to about 2.3 per cent of GDP within the decade. Mr Marles wouldn't confirm if Mr Hegseth specifically nominated a three per cent of GDP target that the US has requested of other allies. "We are very much up for the conversation and the American position has been clear, and it's understandable, and that's a conversation that we will continue to have with the US," he told ABC. In brief remarks made before their meeting, Mr Hegseth described the relationship with Australia as a "partnership as strong and robust as it's ever been, and as important considering the issues we face in the region and the world". Speaking with Reuters on the sidelines of the Shangri-La Dialogue on Saturday, Mr Marles said Australia wanted the most productive relationship with China possible. "We hope that in the context of that productive relationship, we can see greater transparency and greater communication between our two countries in respect of our defence," he said. Both Australia and New Zealand raised concerns in February after three Chinese warships conducted unprecedented live-fire drills in the Tasman Sea. Both nations complained of late notice over the drills, which led to the diversion of 49 commercial flights. "From the moment they came within the vicinity of Australia, they were being tailed and tracked by Australian assets ... we were very clear about what exercises China was undertaking and what capability they were seeking to exercise and to build," Mr Marles said. Bolstering arms control has become paramount amid China's rapid pursuit of nuclear expansion and the grim possibility weapons of mass destruction will become globally available, Richard Marles has warned. Australia's deputy prime minister has told Singapore's Shangri-La Dialogue that arms control frameworks need to be strengthened to keep up with growing risks and advances in technology across the Pacific and elsewhere. "China's decision to pursue rapid nuclear modernisation and expansion, which aims in part to reach parity with or surpass the United States, is another reason the future of strategic arms control must be revitalised," he informed Asia's top security summit on Saturday. "That is a difficult and daunting project. "We also have to counter the grim, potentially imminent, possibility of another wave of global nuclear proliferation as states seek security in a new age of imperial ambition." Mr Marles said the assumption the challenge of restricting nuclear arms ended with the Cold War had proved "spectacularly inaccurate". "The landmark treaties that defined that era ... are just as relevant today as they were decades ago," he said. The annual gathering convenes the region's defence ministers and senior officials, and is a meeting point for representatives from the US and China to hold high-level talks. Yet for the first time since 2019, Beijing hasn't sent its defence minister. Mr Marles and his Japanese and American counterparts are also holding a trilateral defence ministers meeting and he was also scheduled to attend talks including the Philippines. He met on Friday with US counterpart Pete Hegseth, who raised the issue of increased defence spending. The Albanese government has already committed to lift defence expenditure to about 2.3 per cent of GDP within the decade. Mr Marles wouldn't confirm if Mr Hegseth specifically nominated a three per cent of GDP target that the US has requested of other allies. "We are very much up for the conversation and the American position has been clear, and it's understandable, and that's a conversation that we will continue to have with the US," he told ABC. In brief remarks made before their meeting, Mr Hegseth described the relationship with Australia as a "partnership as strong and robust as it's ever been, and as important considering the issues we face in the region and the world". Speaking with Reuters on the sidelines of the Shangri-La Dialogue on Saturday, Mr Marles said Australia wanted the most productive relationship with China possible. "We hope that in the context of that productive relationship, we can see greater transparency and greater communication between our two countries in respect of our defence," he said. Both Australia and New Zealand raised concerns in February after three Chinese warships conducted unprecedented live-fire drills in the Tasman Sea. Both nations complained of late notice over the drills, which led to the diversion of 49 commercial flights. "From the moment they came within the vicinity of Australia, they were being tailed and tracked by Australian assets ... we were very clear about what exercises China was undertaking and what capability they were seeking to exercise and to build," Mr Marles said.
