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TABCORP RESOLVES VICTORIA TAX ISSUE
Thursday May 21,2015 : TABCORP RESOLVES VICTORIA TAX ISSUE
Better result for Aussie gambling group.
Tabcorp Holdings Limited has announced that it has resolved with the Australian Taxation Office the tax treatment of the $597.2 million it paid to the State of Victoria in 1994 in relation to the wagering and gaming licences granted at that time.
The agreed tax treatment provides Tabcorp with an allowable deduction of A$429.6 million, with the balance generating a capital loss of A$167.6 million.
Tabcorp will recognise an income tax benefit of A$128.9 million in its financial statements for the year ending 30 June 2015 as a result of the agreement.
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Another Attempt to Acquire Tatts -
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Ladbrokes Trading Update -
The Ladbrokes Coral plc online and land gambling group has released a trading statement for the unaudited year to 31 December 2016, reporting:
Leovegas Player Wins a BMW X4 -
A 23-year-old Southampton University student identified only as Leo has won a GBP 50,000 BMW X4 sports saloon car playing NetEnt's Live Casino Roulette on the Leo Vegas mobile gambling,site.
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