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Kerry Willcock Leaving Tabcorp

Thursday December 24,2015 : TABCORP LEGAL AND COMPLIANCE EXEC BOWS OUT
 
Formation of new risk function following money laundering accusations leaves Willcock out in the cold.
 
After ten years with Aussie gambling group Tabcorp as it’s regulatory and compliance executive, Kerry Willcock is leaving the company following accusations by the Australian Transaction Reports and Analysis Centre earlier this year that the company had committed over a hundred breaches of money laundering laws
 
In a statement, Tabcorp explained:
 
"Further to November's announcement regarding the establishment of a new risk function, Tabcorp is restructuring its legal and regulatory function. As a consequence of this change, Kerry Willcock will leave the business. As a key executive, she has led our corporate, legal and regulatory effort through many pivotal changes, including the demerger of the casino business in 2011."
 
Tabcorp is contesting most of the Austrac charges ahead of a September 2016 Federal Court trial and potential $17 million fine, according to a Sydney Morning Herald report on Willcock's departure.
 
The newspaper observes that the Austrac charges motivated the company to create its new risk department last month. It is led by former Macquarie Bank executive Clinton Lollback. Julian Hoskins is expected to take over as Tabcorp general counsel.
 
Ms. Willcock leaves on an annual salary of A$739,732 but also holds share options dependent on performance valued at around A$300,000. Her Tabcorp responsibilities as general counsel and company secretary included regulatory and government relations, corporate affairs, internal communications, responsible gambling and community affairs.
 
The Herald notes that the high profile Austrac charges could prove an embarrassment to the company's board, which includes many respected businessmen and women headed by Paula Dwyer.



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PartyPoker Removes Dormant Account Fees - partypoker today announced that players will no longer be charged fees for inactivity on their online accounts.

NHL Odds: Rangers Look for Seventh Straight in Chicago - The Chicago Blackhawks (8-8-2) will try to get their season on track this Wednesday when they host the surging New York Rangers (9-7-2) in an Original Six showdown. NBCSN has the coverage beginning at 8 PM ET.

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Microgaming named in The 10 coolest offices of 2017 - Microgaming named in The 10 coolest offices of 2017 Microgaming’s new HQ has been named in ‘The 10 coolest offices of 2017*’ in the UK, featuring alongside some of the biggest consumer brands.

$75K Win on Mobile Slot @ CafeCasino - Café Casino’s mobile slot, Achilles, paid out in a big way over the weekend. A player from Pennsylvania, Rob J., triggered the game’s free spins mode by landing three scatters.

Microgaming’s The Phantom of the Opera online slot live today - Available to Microgaming and Quickfire operators, The Phantom of the Opera online slot goes live Wednesday 1 November 2017.

2017 Punta Cana Poker Classic Results - The 2017 Punta Cana Poker Classic is now in the books and players are returning home after a week-long poker celebration. And after a major final table deal, two players have the most reason to celebrate. Roberto Carvallo ultimately won the tournament after negotiating a final table deal with Jamin Stokes.

NHL Odds: Winnipeg Jets vs. Minnesota Wild - Blake Wheeler and the Winnipeg Jets will attempt to get two points closer to the Central Division lead on Tuesday, as they take on the Minnesota Wild on the road. The Jets have started strong, and sit in second place in their division. Led by RW Blake Wheeler, the Jets look like a team that could make some noise in the West this season.

Historic weekend at Americas CardRoom - ACR ran two $1,000,000 guaranteed tournaments last Sunday for the first time in their history; a $2,100 high roller for the BOSS Main Event and a $540 buy-in Million Dollar Sunday. They were both on the last day of the $14 Million OSS Cub3d.

WPN Affiliates Headed to Berlin Affiliate Conference - With the Berlin Affiliate Conference just over a week away, WPN Affiliates is making a bold statement. The online poker affiliate network announced that they are eager to buy traffic and ready to make deals with affiliates looking to capitalize on some big innovations.

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