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Bookies Like New Gambling Tax
11/2/09 - Internet bookie firms in the Australian state of Northern Territory have signalled their approval of a government tax change that makes them more competitive, according to reports in The Age newspaper this week.
In it's battle to compete with the rival state of Tasmania for online bookie business - reportedly worth $1.5 billion competitively attracted from Victoria and New South Wales alone - the NT government has scrapped existing taxes and replaced these with a 10 percent gross margin tax, payable on all betting events conducted under the NT wagering licence and capped at A$250 000.
Sportsbet chief executive Matthew Tripp said the changes would save his company about $2 million a year after tax. ''I certainly didn't put a gun to the head of the territory, but I pointed out the fact that I'm in a portable business and I have to do what's right by the business, and I appealed to them to review the taxation regime,'' Tripp told The Age.
''I think it was too big a carrot for them to pass up, so they got their heads together and thought that they should put an offer together similar to that of Tasmania to ensure that everyone stayed.''
Tripp added that he had told Northern Territory officials that Tasmania, which is home to Sportsbet competitor Betfair, was trying to position itself as the ''hub of wagering in the country''.
Centrebet chief executive Con Kafataris said that the change would save his company A$700 000 a year after tax. ''The reduced tax rates are a welcome move which make it economic for us to maintain our presence in the territory and will assist the Northern Territory government in protecting jobs in the state,'' he noted.
''Centrebet has been licensed in the NT for 17 years and has built a strong and productive working relationship with the NT government, which we look forward to maintaining.''
Gambling News :
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Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.
Pro League Reveals Sportradar Contract Details -
The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.
NFL Odds: Steelers Visit Undefeated Chiefs #TNF -
The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.
Mega Moolah strikes again -
The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.
2 New Slots For Microgaming Casinos -
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MLS Odds: Red Bulls vs. Whitecaps -
The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.
MLB Odds: Yankees Favored in AL Wild Card Game -
After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.
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