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Victorias new Victorian Wagering and Betting Licence
Friday August 17, 2012 : VICTORIAN DEAL HAILED AS A NEW ERA FOR TABCORP
Major Aussie betting group transitions to new gambling industry structure in Victoria province
Aussie online and land gambling group Tabcorp Holdings Limited has entered a new era in transitioning to Victoria’s new gambling industry structure, the company said in a statement Wednesday.
Tabcorp now operates Victorias new Victorian Wagering and Betting Licence and has commenced a new 50/50 joint venture with the Victorian Racing Industry.
The new licence allows Tabcorp to offer on-course and off-course wagering and betting on thoroughbred, harness and greyhound racing and approved sporting and other events. The licence also allows for the offering of approved simulated racing games.
Tabcorp has also introduced its new Tabcorp Gaming Solutions business, a gaming services provider for hotels and clubs.
A company spokesman said that since 1994, when it was granted the Victorian Wagering and Gaming licences, Tabcorp’s joint venture with the Victorian Racing Industry has returned more than A$4.5 billion to the three racing codes.
As part of the new arrangements, the Victorian Racing Industry will receive at least $1 billion from Tabcorp between this week and the end of FY-2015, continuing to ensure a well-funded industry.
In FY-2012 alone taxes on gambling paid by Tabcorp were A$1.12 billion. Of this, Tabcorp paid $817.9 million in taxes on gambling in Victoria.
Group CEO David Attenborough said: “We have maintained a strong focus on ensuring the transition to Victoria’s new gambling environment is seamless for our customers, venue partners and other stakeholders. I would like to acknowledge the hard work and commitment of our employees in helping to achieve this.
“The launch of TGS and the new Victorian Wagering and Betting Licence are valuable growth opportunities for our business. Following the award of the new wagering licence, we have been making major investments in the network to give Victorians who enjoy their racing and sport the world’s best products and services.”
Tabcorp also launched the social lottery game, Keno into Victoria in April, after being awarded Victoria’s first ever stand-alone Keno licence. Keno is now live in more than 600 Victorian venues.
In addition to its Victorian businesses, Tabcorp’s operations include:
• Wagering in NSW through a TAB-branded network of approximately 2,100 agencies and licensed venues, as well as on-course, telephone and online channels.
• TAB Sportsbet, the national leader in fixed odds betting on sport, racing and other events, distributing its products through Tabcorp’s retail network, as well as online, telephone and on-course channels.
• Luxbet, a national online racing and sports bookmaking business, based in the Northern Territory.
• The Sky Racing media business which broadcasts more than 85,000 races a year to 2.4 million homes, 5,400 commercial outlets and 31 countries.
• Keno through more than 2,800 distribution points in NSW and Queensland.
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 Microgaming’s 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 Sunday’s 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 –115.
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