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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.
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."
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
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