Tag Archives: queensland

Victoria to introduce lowest consumption tax in Australia

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The Victorian Government is to introduce an eight per cent online point of consumption tax, which it has been stated will raise an estimated $30m per year, report Australian media outlets. Coming into force at the start of 2019, and taking a proportion of bookmakers monthly earnings, Treasurer Tim Pallas, announcing its introduction, said the tax has been designed to …

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NRL set to go back to the negotiating table over integrity fee

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National Rugby League (NRL) chiefs are to go back to the negotiating table with Australian bookmakers, with temporary agreements set to be rolled over once again for the ongoing season, reports Fairfax Media. It’s being said Chief Executive Todd Greenberg is to be drafted in to urgent talks, two months after the start of the season, for more discussion on …

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Tabcorp extends South Australia retail exclusivity

Australian gaming operator Tabcorp has seen a retail exclusivity within one of its home states receive an tentative extension agreement, pending approval by the Independent Gambling Authority. Operating through its wholly owned subsidiary ‘UBET SA Pty Ltd,’ the retail wagering license with South Australia is now set to be exclusive until the end of 2032, after its new arrangements are …

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Tabcorp hails “significant step” following merger greenlight

The tortuous progress of the long planned AU$11bn merger between Tabcorp and Tatts has been eased after the Australian Competition Tribunal (ACT) gave the deal the go-ahead, for the second time. The case had been referred back to the ACT for a second review, following opposition to the deal from the Australian Competition and Consumer Commission (ACCC) and rival betting …

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Queensland horse racing facility delayed

Construction of the Australian Quarter Horse Racing AUS $60 million (£31 million) racing facility at Gympie in Southern Queensland has been delayed by a year. Last year Queensland state government granted an Australian and American consortium a licence to develop the property at Gympie. The development plans included the construction of a hotel, a convention centre and residential housing for …

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Critical need for ROI on Queensland racing

Racing Queensland has announced changes to its race information fees structure, effective from today. The organisation said it was critical the industry received a return on the significant investment it makes in hosting meetings. “In recent years we have seen the amount of money wagered increasing but revenues back to the industry have been declining, which is simply not sustainable,” …

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