ATM operator Stargroup has issued an update on the progress of its purchase of Indue Ltd's ATM switching, settlement, processing, telecommunications and ATM reseller business, which was announced in September. Stargroup has completed due diligence and has agreed to terms on a debt instrument to fund the A$6.5 million acquisition. The company has issued a notice of meeting at which shareholders will vote to approve the deal. The debt instrument provides a minimum of $10 million and a maximum of $15 million and may be used for other acquisitions, the company said. Liberty Financial has appointed Leona Murphy to its board. The non-bank financial services firm said Murphy was "a proven senior executive and experienced director" with more than 20 years corporate experience. Liberty noted that Murphy has held senior executive roles for ASX Top 20 listed companies over the past ten years, and was invited onto the board to support the continued growth of the business. In what proved to be a busy day for the Australia and New Zealand Banking Group yesterday, its treasury team mandated their investment banking colleagues "to arrange a series of domestic and offshore fixed income investor meetings" in relation to ANZ's Kingfisher RMBS program. These meetings will commence the week of November 7, 2016, ANZ announced. "A potential [Australian dollar] denominated capital relief and funding RMBS transaction may follow, subject to market conditions," ANZ said in the same brief media statement, highlighting the launch of the deal. Ahead of this afternoon's Melbourne Cup, a mathematician is quoted in Fairfax Mediaas suggesting the way to win is to assume your money is lost, and then bet on a well-fancied horse, but not the favourite or you'll be splitting the winnings with many more people. Meanwhile, the Australian Competition and Consumer Commission's Scamwatch has issued a warning to Australian gamblers to be wary of sports betting scams this Spring Racing season. In 2016 so far, Australians have lost over one million dollars to con artists pushing sports investment scams, in which victims are convinced to invest in 'foolproof' systems or software that can 'guarantee' a profit on sporting event, the SMH reports.