Tag Archives: victoria

Independent bookmaker bet365 has reduced its Australian market losses to AUS 10.9 million (£6.3 million) for the 12-month period ending 27 March. The figure represents a marked improvement on its fiscal 2015 market losses of AUS $31 million. Since beginning its operations in Australia under a Darwin license in 2012, the Stoke-based bookmaker has accumulated losses of AUS $133 million …

ESSA have issued a response to the Australian review of illegal offshore wagering, citing the Interactive Gambling Act of 2001 and stating that Australia had enforced an inconsistent position on in-play (or live) betting. The following points from ESSA covered the inconsistency of this approach:  Australia has enforced an inconsistent position on in-play (or live) betting. The Interactive Gambling Act …

Australian Football League (AFL) club Richmond has entered into a partnership with the Victorian Responsible Gaming Foundation, with a deal that precludes the Australian rules club from having sports betting sponsors. As reported in iGaming Business, the agreement will run for three seasons, from 2016 to 2018. Richmond, also known as the Tigers, will sign the Responsible Gambling Charter and …

An Australian politician is pushing to have the country’s gambling taxation laws overhauled, and has the sports betting industry in her sights. National Party senator for Victoria Bridget McKenzie is pushing the federal government to impose a new national gaming tax and effectively ban gambling with overseas operators using ‘banking and other tools’. McKenzie has made a formal submission to …

Sandown Park Racecourse in Springvale Victoria (Australia), is set to be re-named Ladbrokes Park under a new sponsorship agreement with between Ladbrokes Australia and race operator Melbourne Racing Club. The racecourse will attach the Ladbrokes title from January 1 2016 as part of a three year partnership. The deal sees Sandown drop William Hill as title sponsors, as the operator …

Australian gambling operator Tabcorp aims to refresh the image of its Keno business by announcing the launch of a national TV campaign named “Let’s Play”. Tabcorp will back the TV campaign with further targeted brand activity which will include radio and print advertising. Speaking to Australian business news sources Tabcorp management stated that the campaign aimed to shift the perceptions …

Australian gambling operator  Tabcorp has won a $128.9 million (£64 million) tax benefit resulting from a payment it made to the Victorian government more than two decades ago. The operator has contested tax charges of a combined value of $1.2 billion in compensation for the past two decades, relating to revenues generated by poker (‘pokie’) machines. Last Friday the Australian …

Australian gaming and sports betting operator Tabcorp, posted a net profit of AUS $ 129.9 million, up 2.6% on 2013 corresponding period. Tabcorp financial performance suffered  from its discontinued Victoria gaming operations, which impacted  business revenues with $19.2 million tax levies.  Tabcorp senior management are in the process of challenging the levies imposed and claiming revenues back. The Australian gambling …