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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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Gambling News :

Pokerstars Now Lead Sponsor of Global Poker League - Alex Dreyfuss Global Poker League has received a significant boost from the announcement by Dreyfuss Mediarex Sports and Entertainment company Friday that online pokers biggest operator, Pokerstars, has signed on as lead and exclusive GPL sponsor.

Betconstruch invests in Ucrafts - BetConstruct may have also been attracted by the obvious interest in Ucrafts business - the start-up has already gained 5,000 subscribers in just a few months of commercial activity.

Plus500 Founders Selling Off Shares - Alon Gonen and Gal Haber respectively sold 7.2 million shares, retaining a 10.4 percent interest in the company; and 2.6 million shares, retaining a smaller stake of just 3.6 percent.

Rush Golf Live Launches - Virtual sports provider Inspired Gaming has announced the launch of its latest product - Rush Golf Live - with Betfred the first operator to carry the game.

British Basketball League in Deal With Perform - The British Basketball League has agreed a six-year deal with Perform, a digital sports content and media group, for the distribution and sale of all global media-related rights.

Ashley Sandyford Sykes Sharing Slot Expertise - Sandyford-Sykes has experience in the development of over a hundred popular online slot titles and led the Quickfire development team at Microgaming.

2016 WPT National Marrakech High Roller Results - Spanish poker pro Nabil Cordoso boosted his career earnings by a useful $66,873 this week when he was awarded the first prize in the PMU.fr WPT National Marrakech High Roller event in Marrakech.

GreenTube and Chopsticks In Partnership - Novomatic Interactive subsidiary Greentube has announced that it has signed a partnership deal with the Gibraltar-based mobile app developer Chopsticks In The Apps Ltd through which it will organize distribution of Chopsticks games through its online, mobile, social and land-based channels.

DraftKings Investigating Collusion Complaint - The stigma of cheating has surfaced again in the daily fantasy sports sector following allegations that two players colluded in a million dollar contest at DraftKings.

Singapore Gambling Exemptions Granted - The issue of certain state-linked commercial organisations being granted exemptions from Singapores tough anti-online gambling laws has been on the table for the past few months and has been the subject of opposition complaints; protest petitions and general argument.

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