Betr Faces Delays in Paying Out Potential Record-Breaking Wins

An Australian internet wagering platform, Betr, requires additional time to distribute what could potentially be the largest gambling victory in the nation’s past. Last year, they conducted a promotional offer with 100-to-1 odds on several highly favored sporting events, including the Melbourne Cup and the FIFA World Cup. While this presented an exceptional opportunity for patrons, Betr now finds itself needing an extension to fulfill all the successful wagers, which could amount to over $25 million in American currency! They have guaranteed all parties that the funds will be disbursed; however, the process is taking longer than initially anticipated due to the sheer volume of winners.

A recent fiscal report from News Corp unveiled a substantial economic downturn, posting a $72 million deficit linked to their stake in the internet wagering platform, Betr. Further piquing interest, News Corp leaders Mark Reik and Peter Blunden formerly held board seats with Betr but vacated those roles in March of this year.