News Corp sells stake in gambling startup Betr after initial investment of $70m

Betr chairman says he is grateful for media company's initial and ongoing support' but that it is no longer an investor

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News Corp has sold its shares in gambling startup Betr, which is for sale less than a year after its launch and having received a record $210,000 fine from regulators in April.

Betr was established with a reported $70m backing from News Corp, the former BetEasy chief executive Matthew Tripp's TGW and the Las Vegas firm Tekkorp, with the intention of utilising News Corp's media assets to promote the company.

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