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Betfair Tax Break Passes
Tasmanian opposition party supports government's deal with online gambling giant
Despite opposition from the Green Party , a Tasmanian government proposal to give online betting giant Betfair a A$6 million tax break has been passed in the Lower House, thanks to support from the official Opposition Liberal Party.
ABC reports that the government's bill will reduce Betfair's state tax contribution from nearly A$8 million to about A$2 million a year.
Liberal spokesman Peter Gutwein told the Tasmanian parliament that while the deal represents a big drop in tax revenue, it is better than no revenue at all.
"We ran the very real risk that this betting exchange would vacate the state," he said.
The five Green Party MPs voted against the legislation, with spokesman Kim Booth voicing his party's contempt for the tax breaks.
"How low does a government go to simply just retain a business here on the basis it will create a few jobs?" he said.
Greens leader Nick McKim and Greens Cabinet secretary Cassy O'Connor abstained from Monday's cabinet deliberations on the legislation.
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Asia Gaming To Showcase Live Dealer Action -
Asia Gaming will be practically demonstrating its live dealer baccarat at the ICE show next month. The Asia-facing online gambling provider is on the expansion trail and intends to make a big impact at the expo and conference in London.
2017 Aussie Millions Event 6 -
Heads up, Boivin faced local pro Joel Feldman, but the Aussie proved to be no match for an on-fire Boivin who dispatched him with the runner up prize of A$78,440.
2017 Ice Totally Gaming -
Next month's ICE Totally Gaming conference and expo will again be a truly international affair, following confirmation by organizers Clarion Gaming that a total of 67 jurisdictions and sovereign states will be represented on the show floor at ExCeL Centre, London.
IGT in 7 Year Deal With Svenska Spel -
#IGT , as legacy #GTECH , has been providing video lottery products and support services to the state-owned monopoly Svenska Spel since 1996, the statement reminds readers.
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