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Tabcorp Telling Shops To Boot Gambling Winners

Sunday April 20,2014 : SKEWING THE ODDS?
 
"Expanded risk" management instruction could prove embarrassing.
 
A gambling row that has been simmering for the past week in Australia is set to heat up after the holidays with Tabcorp at the centre after an activist body dubbed Fair Wagering Australia published a leaked internal document that on the face of it suggests a strategy to winnow out successful punters to reduce exposure to risk.
 
Members of Tabcorp’s 2,600-strong retail betting shop empire that did not take heed of the message from headquarters could look forward to being managed from higher up the management ladder, the advisory warned.
 
See the full FWA expose here: http://fairwageringaustralia.com/.
 
Fair Wagering Australia says it intends to forward the internal document to the New South Wales Office of Liquor, Gaming and Racing, which is apparently investigating Tabcorp’s new fixed odds management procedure.
 
Widening the spread of the allegations, the Sydney Morning Herald waded in with an article that conflated the betting shop directive with the growing influence of online gambling - and British operators - in the Aussie market.
 
The article highlights the thrust of the Tabcorp "Fixed Odds Liability" directive, which uses flowery language to impart a straightforward message - thin out the repeated winners (''individual customers who are not commercially viable'') and keep the "Genuine Betters" (the losers).
 
Tabcorp's advice to outlets seems to be to get rid of fixed-odds winners as customers by embracing ''liability management'' and focusing business efforts on the losers.
 
''By helping to identify the individual customers who are not commercially viable you can prevent your whole venue from being managed [by head office],'' the document says.
 
The Sydney Morning Herald claims that online wagering companies "…tend to take bets only from losers. Fixed-odds punters who win, even those who bet in small amounts, either have their bet sizes curtailed or their accounts frozen altogether."
 
TAB runs online operations like tab.com.au, Luxbet and Sky Racing in addition to its land gambling outlets.
 
The company's ''expanded risk management'' policy has allegedly come about as a result of "commercially viable" punters (read repeat winners) gravitating to land betting shops from online sites that have been discouraging them for being too successful.
 
According to Fair Wagering Australia, bookmakers licensed by the Northern Territory government are turning over close to $6 billion annually with conservative profit estimates of A$400 million. Last financial they reportedly paid just A$2.4 million in tax to the Northern Territory government through a levy on gross wagering profits, capped at A$250,000 per bookmaker.



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Betradar Launches US Sports Betting Solutions - With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.

Abdelaouhab Zizi Wins MPNPT Morocco Main Event - Abdelaouhab Zizi has defeated fellow Casablanca resident Fadhil Farag heads up to win the 2018 MPN Poker Tour Morocco Main Event and MAD 375,000 (c. €33,220) after a two-way deal.

Final 12 For MPNPT Morocco - Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).

MPNPT Morocco Updates - Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.

MPN Poker Tour Morocco Day 1A - The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.

2018 MPN Poker Classic - The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.

PDC and Sportradar Renew Deal - Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data

Poker Yaar Joins MPN - Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.

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