Category Archives: Penrith Panthers

Penrith Panthers grand final triumph could damage Betr after it offered gamblers 100-1 odds on win

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News Corp-backed firm offered inducements that attracted record fine and criticism from regulator

The finances of News Corp-backed gambling company Betr’ could take a big hit if the Penrith Panthers win the NRL grand final, due to a generous inducement that attracted a record fine and criticism from a regulator.

When the gambling company launched in late 2022, it offered 100-1 odds on the Penrith Panthers winning a third consecutive grand final with bets capped at $10. A Penrith victory is now short odds and a likely outcome according to most analysts.

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Revealed: How Stuart Ayres drove the plan for Penrith’s even more ambitious new stadium

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Exclusive: documents show the former minister pushed for the compulsory acquisition of Penrith Paceway for a new stadium to be built in his seat

The former NSW sports minister Stuart Ayres was centrally involved in persuading the state government to pursue the controversial compulsory acquisition of the Penrith harness racing paceway site to allow for the construction of a new stadium next door for the Penrith Panthers, rather than the $309m rebuild originally planned.

The acquisition order was announced in July, despite the government putting the upgrades of other suburban stadiums on the backburner, citing acute budget pressures.

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