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ANOTHER AUSSIE STATE CUTS ONLINE GAMBLING TAX RATE

10/16/09 - The news earlier this week that the Australian state of Tasmania is to replace taxes for corporate bookmakers with a flat fee of $256 000 a year  appears to have triggered a competitive policy decision from the Northern Territory government.
 
The Northern Territory News reports that the government is slashing taxes for online bookmakers in a bid to hold off  competition from other Australian states. 

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The report specifically names Tasmania, claiming it is trying to become a world hub for internet gambling by capping state taxes for bookies, and that it hopes to lure some of the NT-based companies to Hobart.
 
The reduction in bookie taxes is likely to cost the state government several millions of dollars; there are 11 online bookies in the NT - Betchoice, Betezy, Betstar, Centrebet, Centreracing, International All Sports, Luxbet, NT TAB, Overtheodds, Sportingbet and Sportsbet - employing some 250 people and contributing A$10.5 million to the NT economy, the newspaper reports.
 
Sportsbet owner Matthew Tripp told Northern Territory News that he would keep his operation in Darwin NT despite being courted by Tasmania. He said his company would pay about $11 million in taxes if it operated from his home state of Victoria.
 
"We're definitely staying in Darwin," he said. "A lot of our team comes from there."
 
Tripp added that the NT government had been "very welcoming".
 
"They've been very hospitable, as opposed to authorities in some of the southern states. The NT Government earns a good dollar out of us.
 
"But they're entitled to because they've shown they are in favour of economic growth."
 
NT Treasurer Delia Lawrie confirmed that tax on profits would be capped at $250 000.
 
"The potential of bookmakers leaving the Territory is a major concern for the Henderson Government as it would cost valuable jobs, support to the local racing industry and revenue," she said.
 
"That's why, after careful consideration and in order to preserve an industry presence in the Territory, the Government is proposing to reform the bookmakers' turnover tax regime so that it remains competitive with other states.
 
"While these measures will reduce tax revenue, on balance, inaction would have seen many corporate bookmakers leaving the Territory, costing jobs and would have severely impacted the local racing industry."

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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