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Onine rivals competing vigorously for Aussie business
The Age newspaper in Australia reports that the long-established Tabcorp betting organisation wants government protection to help it better compete with Northern Territory-based Internet rivals (mainly betting exchange Betfair, which has an Australian partnership with casino and media king James Packer.)
The prestigious Melbourne Cup held last week seems to have been the catalyst for the request. Tabcorp took A$36.5 million in bets on the main Melbourne Cup thoroughbred horse race, which was 10.3 percent up on last year’s event. However, the owner and operator of the Tab for the state of Victoria revealed that this was only 5.5 percent more than was wagered on the 2006 Melbourne Cup, and that it took in a total of only A$64.8 million over the day’s ten events, which was just 3.5 percent more than in 2007 and 3.2 percent higher than in 2006.
Tabcorp spokesmen said that the relaxation of advertising regulations in Victoria and New South Wales in October 2008 triggered an estimated A$20 million in gaming turnover shifting away from the Tab, which will, in turn, cut royalty payments to the racing industry.
Betfair introduced "in-run" betting for the first time during the Cup.
TabCorp is demanding an ‘immediate’ three percent cut in the state's wagering tax rate with similar annual breaks until 2012 alongside a ban on [other] bookmakers offering tote odds as well as their own for races, uniform gaming operator fees across Australia and a national ban on introductory ‘free’ bets and credit betting.
"Not only do bookmakers now simply copy tote prices, they can give a better price as they operate from jurisdictions where taxes and racing industry contributions are minimal," said Elmer Funke Kupper, Chief Executive Officer for TabCorp. "Basically, we're making it up as we go, state by state, in what is a national industry. This cannot work."
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.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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