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SportsBet says Tabcorp

Monday February 8,2016 :  TABCORP AND TATTS HYPOCRITICAL SAYS SPORTSBET ON ONLINE IN-PLAY BETTING

Seeking to maintain monopoly retail position.

Paddy Power-owned Australian online bookmaker Sportsbet has hit out at Tabcorp and Tatts Group, saying their opposition to legalising online in-play betting is hypocritical and merely a protectionist move in terms of preserving their business in retail outlets.

As Tatts Group and Tabcorp ramp up a lobbying campaign against the online innovation, WAToday points out that standalone TAB outlets along with pubs and clubs are growing increasingly concerned their revenues will be cannibalised should the federal government bow to pressure from corporate bookmakers and allow punters to bet on in-play online.

"The opposition to online in-play betting by retail bookies is hypocritical and protectionist," Government Relations Manager at Sportsbet, Brad Addisonsaid. "Retail bookies, who in previous submissions to the government have supported online in-play, are now looking to maintain their monopoly of offering in-play betting in their retail stores."

"This stance further highlights their unwillingness to compete in a 21st century online environment that consumers are increasingly preferencing. By opposing in-play betting online, retail bookies are forcing many Australian consumers to bet with unregulated and illegal offshore operators, which poses significant integrity risks for Australian sports."

In a report released late January 2016, Morgan Stanley estimated Tabcorp’s share of online turnover in Australia will fall to 23 per cent by 2018 from 30 per cent in 2010 due to the market being “raided” by UK bookmakers Ladbrokes, Bet365, William Hill and Paddy Power.

That same report surmises Tabcorp could revive its fortunes by expanding its recent UK Fantasy Sports deal with News Corporation into the Australian market.



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NBA Odds: Chalk-Heavy Warriors Host Portland for Game 2 - The Golden State Warriors needed a strong fourth quarter to put away the Portland Trail Blazers on Sunday. But they still didn’t cover as 15-point home favourites in a 121-109 victory. Can they do better this Wednesday (10:30 PM ET, TNT) in Game 2 of their first-round playoff series?

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NHL Odds: Pacific Division Foes Face Off in Edmonton - The Edmonton Oilers will attempt to defend their home ice advantage this Friday (10:30 PM ET on Sportsnet) against the San Jose Sharks. The Oilers (47-26-9) finished second in the Pacific, while the Sharks (46-29-7) finished third, but only four points behind their First Round foes.

Bingo Cataratas Offers Unique Spin on Classic bingo - Bingo Cataratas (Spanish for waterfalls) is changing the way people think about bingo according to Bovada. Just because bingo is a classic with a huge following, doesn’t mean it can’t be spiced up with a fresh new format. Bingo Cataratas has the basic structure of bingo, but also has an “extra ball” feature and a bonus mini game.

NBA Odds: Hawks-Pacers in Regular-Season Finale - Depending on the results of Game No. 81, Wednesday’s regular-season finale (8 PM ET, ESPN) between the Atlanta Hawks and Indiana Pacers could decide whether Indiana reaches the postseason. It could also give the Pacers a higher seed than Atlanta in the Eastern Conference playoffs.

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