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Australia Government Seilling Off ACTTAB

Friday November 22 ,2013 : AUSSIE GOVERNMENT TO SELL OFF GAMBLING ENTERPRISE
 
Australia Capital Territory government to sell off ACTTAB
 
The Australia Capital Territory government on Friday announced that it intends to sell off betting agency ACTTAB, possibly as early as next year.
 
Treasurer Andrew Barr said a study by PricewaterhouseCoopers outlined a compelling case for the sale, and the government hopes to conduct a competitive bid process to achieve a fair and reasonable sale price, although he was unable to give a likely value.
 
ACTTAB continues to turn a profit but has posted declining revenues in recent years, and has stressed the need for an injection of more capital if it is to survive .
 
The government will seek approval for the sale from the ACT Legislative Assembly next week.
 
Barr said that technology has fundamentally changed the gambling business, as had the competitive activities in Australia of aggressive corporate bookmakers such as Tom Waterhouse, William Hill and other large betting firms.
 
The most active punters were now males aged 25-35 who did most of their betting on smartphones rather than in retail shops, he said.
 
"The smallest TAB in the country is simply not in a financial position to compete with businesses on an international scale," Barr told reporters in Canberra.
 
ACTTAB reported a meagre $1 million profit last year, down as the organisation turnover has progressively sunk to around $100 million.
 
The profit partly offsets the government's $7 million support for the ACT racing industry, and it is likely that a condition of sale of the enterprise would require the buyer to include support for the local racing industry.
 
Barr warned there would probably be job losses among ACTTAB's staff of just over 100, two-thirds in administration and the rest in the retail outlets.



Gambling News :

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.

New MPN Poker Rooms Tower Torneos - Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<

NY Rangers vs. Devils on 12/21 - When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.

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