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News Corp ‘close’ to launching sports betting service in Australia

Gambling entrepreneur and Melbourne Storm chairman Matthew Tripp. (Photo by Robert Cianflone/Getty Images)

News Corp Australia is reported to be close to launching a new online sports betting service after striking agreements with gambling entrepreneur Matthew Tripp and Las Vegas-based investment firm Tekkorp.

News Corp, which is owned by media magnate Rupert Murdoch and has a majority stake in Australian pay-television operator Foxtel, is reported to have held discussions with prospective partners for more than a year.

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