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Online gambling industry responds to Tabcorp CEOs criticism
TIT FOR TATT IN AUSTRALIAN GAMBLING
Online gambling industry responds to Tabcorp CEOs criticism.
Last weeks criticism of the online gambling sector by Tabcorp’s chief executive David Attenborough, who said the gambling advertising crackdown by the Australian authorities was due to the inability of operators to regulate themselves, and that online rivals enjoyed the benefit of big adspend courtesy of low tax demands in their licensing jurisdiction, has triggered a stinging response from CrownBet CEO Matt Tripp.
In an interview with the Australian Financial Review, Tripp said that he would gladly exchange places with Tabcorp and pay the tax the betting company was required to contribute, pointing to the extensive retail network across the nation that Tabcorp operates and the exclusive Sky Channel broadcast rights on all forms of racing which it enjoys.
And Tripp revealed that his company has complained about the broadcast rights to the Australian Competition and Consumer Commission.
“They have a retail network of more than 2,000 outlets in places like shopping centres, pubs and clubs and at racetracks, which gives their brand plenty of exposure, and that is an exclusive arrangement they get for paying taxes,” said Tripp.
"They also have Sky Channel, which has virtually all of racing wrapped up. Weve written to the ACCC to look at that too, because it looks like a virtual monopoly to me."
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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.
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