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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.

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Gambling News :

Tain Fast Bet - Our readers will recall Tain recently increased the number of live events it covers each month to 23,000, covering both traditional markets such as football, tennis and US sports and the more obscure curling, biathlon and Water Polo.

Olympic Entertainment Group Mobile Gaming - In its full-year 2016 report, Olympic Entertainment Group (OEG) has informed the establishment of a Malta-based company registered to facilitate its intended expansion into remote gambling.

Circus Evolution HD Slot - Malta-based content provider World Match has released its first title of 2017, “Circus Evolution HD”, a 5-reel, 3-row, circus-themed adventure offering Free Spins, Wilds and a Bonus Game.

Kindred Group Gets EU Recommendation on Consumer Protection - Kindred Group (formerly Unibet) has become the first operator to successfully meet the requirements of the EU Recommendation on Consumer Protection and Responsible Gambling following an external audit.

17 Crown people still detained - Reports from China over the weekend suggest that the 17 Crown people still detained could be looking at another twelve months of imprisonment as investigations into their alleged and still unspecified crimes drag on

SB1400 Virginia Poker Skill Game Bill - Her bill SB1400 is currently with the Senate General Laws and Technology Committee, whose 15 members will decide whether to progress it or condemn the Senator to another year of failure.

Pennsylvania Video Gaming Association - With the focus on Pennsylvania as the most likely next US state to legalize online gambling as part of a general gambling expansion measure, reporters noted this week the emergence of a new lobbying group in the state - the Pennsylvania Video Gaming Association.

Stiffer Problem Gambling Penalties in UK - The Guardian newspaper reports that the UK Gambling Commission plans to unveil new enforcement strategies on problem gambling and money laundering prevention this month, laying down tougher penalties for operators who fail to tackle these issues.

Malaysian police Destroy over 5000 Gambling Computers - Malaysian police in Kajang have destroyed 5,042 computer sets seized in online gambling raids over the past two years, explaining that the action is designed to take the machines out of circulation.

Spartan Poker vs SpartanPoker name War - Pokerguru, which owns the brand SpartanPoker.com, has threatened to sue the Indian Poker Championship over its use of the title Spartan Poker, and recently published a notification that it is not associated with the IPC version of the brand.

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