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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 :

Amaya FY2016 Trading Update - The Montreal-based Amaya online gambling group has issued a trading update covering FY 2016 and improving its forecast revenue and earnings numbers.

Another Mega Fortune Dreams jackpot for Euro 3.5 million - In a statement Friday NetEnt advised that the lucky player is a 62-year-old woman from central Finland who won the seven-figure sum from a Euro 1 stake.

Stanleybet has filed a legal action against the government of Cyprus - Bookmaking firm Stanleybet has filed a legal action against the government of Cyprus, claiming Euro 12.5 million as compensation for what it claims is loss of profits and opportunities, prejudice to image and business reputation and legal costs.

LeoVegas To Sponsor Leicester Tigers - The agreement includes official partner accreditation, media space at Welford Road stadium and matchday tickets and VIP hospitality as well as two pitchside perimeter boards from the 2017/18 season and one for duration of the 2016/17 season.

Optima Information Services iShop - Industry visitors to the recent TVC Bookmakers Trade Fair in Solihull, UK were much taken by Spanish betting technology firm Optima Information Services' iShop product, and the company went on to win the SBC Best Retail Betting Product award with it last month.

Golden Nugget Las Vegas Launches New Betting App - Golden Nugget Las Vegas has unveiled a sports wagering app offering Nevada punters the comfort and convenience of being able to wager from anywhere in the state.

CAGAYAN CHIEF MOVES TO REASSURE LICENSEES - Apparently $4 million is going into improvements of the Authority’s data centre in the Freeport at Cagayan, whilst another $3 million has been earmarked for an upgrade to data infrastructure located outside the Freeport.

New Massachusetts Online Gambling Bill - It seems that every two years (give or take a few months) Massachusetts state Senator Bruce Tarr flights an online gambling legalization bill in the state Senate.

Las Vegas Sands Fined for foreign bribery allegations - #lasvegassands Las Vegas Sands, the land casino company owned by multi-billionaire US mogul Sheldon Adelson, has again had to cough up a stiff penalty for non-compliance with the law.

Libratus AI Program Destroying Human Poker Opponents - #Libratus With 40,340 hands played (about a third of the 120,000 planned) Dong Kim is down $29,506, whilst Jimmy Chou ($113,7728), Daniel McAuley ($141,877) and Jason Les ($186,489) are all carrying losses.

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