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Tabcorp criticised following another attack on online operators

Friday August 5,2016 : AUSSIE GAMBLING BOSSES SLATE EACH OTHERS OPERATIONS
 
Tabcorp criticised following another attack on online operators.
 
The release of Tabcorps financial results this week  was accompanied by another attack on the lower tax levels enjoyed by online operators when CEO David Attenborough criticised what he claims are the gross under-taxation levels enjoyed by online companies licensed in the Northern Territory of Australia.
 
“They are the lowest-taxed providers of gambling products in Australia by a large margin,” Attenborough alleged, adding that his company paid A$188 million in wagering tax in New South Wales and Victoria, whilst online gambling firms paid a maximum of no more than  $500,000 each in the Northern Territory.
 
The response was not long in coming; CrownBets CEO Matt Tripp denounced the comparison as misleading, pointing out that Tabcorp enjoyed a monopoly as a major retail operator, whilst internet operators were individual and competing online-only enterprises.
 
Tripp added that CrownBet and other online operators paid all standard Australian taxes, along with the same racing and sporting governing body fees as Tabcorp.
 
“We’re prepared to pay the same wagering licence fees as Tabcorp, so long as we are provided with the same exclusive rights to offer land-based retail, anonymous cash betting and run a totalisator exclusively across 2900 venues in Victoria, NSW and ACT,” Tripp said in a stinging riposte.
 
Ben Sleep, the chief executive of Paddy Power online subsidiary Sportsbet agreed, opining that the differences in tax levels reflected the significant benefits that Tabcorp enjoys through its monopoly of the retail gambling business.
 
Attenborough responded by claiming that Tabcorp pays large licence fees and commissions for its retail presence, commenting that his rivals were all "busy in a lot of retail venues" using cell phones to promote their products without paying their way.
 
InfoPowa readers will recall that earlier this week online operators banded together to campaign against the introduction of a point of consumption tax by the South Australian provincial government.
 
Attenborough had something to say about that too, claiming that the online sector had only itself to blame for the proposal, and that Tabcorp supports moves to level the taxation playing field.
 
However, he cautioned government tax authorities not to indulge in what he referred to as "double dipping" taxes which could adversely affect operators (presumably like his own company) who "already provide significant support to the industry.”
 
Attenborough listed a number of online betting activities that he is unhappy with, including too much sports betting advertising, in-play betting on sports and illegal offshore operators accessing Aussie punters.

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Gambling News :

Unibet Name Changed to Kindred Group plc - Following an extraordinary general meeting at which shareholders approved the change of the Unibet title and brand to Kindred Group plc, the online gambling group will begin trading under the new name on December 12.

Kenya Betting Control Board Reviewing Changes - Kenya's booming sports betting sector could be facing stiffer government controls, especially regarding marketing, advertising and promotions, according to local media reports revealing that parliament is studying potential amendments to the Betting, Lotteries & Gaming Act.

Britan To Tighten SpreadBetting Controls - The UK media reported widely Tuesday that Britain's Financial Conduct Authority has announced a crackdown on spread betting using contracts for difference (CFDs) following FCA research that showed 82 percent of clients had lost money in the sector.

Playtech to Buy Back 50 Milliuon in Shares - #playtech In a statement, the company said that the decision reflects continued confidence in the growth and prospects of the business and its high cash generation, and revealed that it continues to trade in-line with expectations.

Sentencing in Vietnam Gambling Bust - The People’s Court in HCM City handed down sentences Monday to dozens of defendants linked to a major online sports betting ring dismantled last year by Vietnamese police.

Gamevy in Deal With Betsson - #Gamevy says it is partnering with several leading operators to deliver bespoke content that offers a real point of difference to players and increases brand loyalty.

Pkr To Offer Virtual Sports - #pkr The long established and respected online poker and casino operator PKR.com has followed its switch to Microgaming's MPN network earlier this year and the more recent launch of its live dealer offering with a new Virtual Sports attraction powered by Kiron Interactive.

Boris Becker New PartyPoker ambassador - #partypoker To celebrate the signing PartyPoker has created a Beat the Ace competition in which players get the opportunity to test their skills and luck in four $5,000 freerolls which started December 5. The overall winner will then get to play Becker heads up live in Germany for up to $25,000.

Snowmania Slot Launches - Capturing the festive feel in the now chilly northern hemisphere, RealTime Gaming has released its December offering, a 5 reel, 20 pay-lines online slot with a jackpot of 37,500 coins.

SportPesa is negotiating a major sponsorship deal with Everton - #SportPesa The Kenyan retail and online sports betting firm SportPesa is in the football sponsorship headlines again just days after news that it has inked a multi-million pound partnership with Hull City FC.

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