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Industry
September 18, 2023
Tabcorp Faces Charges from VGCCC over Alleged Underage Gambling
Underage gambling is a growing concern, amid the growing popularity of games offering the popular loot boxes. While regulating video games is complex as changes to the regulations must be implemented to protect children from the loot box functionality that resembles slots, gambling is strictly prohibited for minors. Australia is no exception and the gambling […]
Industry
September 13, 2023
Husband and Wife at the Focus of Tabcorp Insider Trading Scandal
Crimes related to insider trading are difficult to uncover but not impossible. A new report suggests that an experienced bettor, who received insider information from his wife, was found guilty of seven charges and received a fine as well. As reported by The Sydney Morning Herald, Nathan Snow, a professional punter who is claimed to […]
Business
September 11, 2023
ATO to Return $53M to Tabcorp Following Tax Dispute Resolution
Earlier today, Tabcorp, Australia’s largest gambling company, announced that it has reached a resolution to a tax dispute with the Australian Taxation Office (ATO). The resolution concerns income tax treatment of payments for various licenses and authorities. Tabcorp has already paid the disputed amount of tax liabilities and interest in full, the company announced. However, […]
Sports
September 5, 2023
Tabcorp Faces Record Fine Over 2020 Betting System Outage
In a significant blow to Tabcorp Holdings, the Victorian Gambling and Casino Control Commission (VGCCC) has imposed a historic AUD1 million ($638,060) fine on the Australian racing and wagering giant. The fine comes as a result of Tabcorp’s failure to comply with VGCCC directions during an investigation into a critical system outage that occurred during […]
Business
August 24, 2023
Tabcorp Financial Juggernaut Delivers, Beats FY23 Forecasts
This strategy has resulted in strong results for the full year ended on June 30, 2023, the company’s FY23, which resulted in AU$66.5 million profit across the group. This news comes at a time when sports betting regulation is about to become tighter in Australia, where the company is based. Tabcorp Swings from Loss to […]
Business
August 11, 2023
Tabcorp and Sportsbet Extend Sky Racing Rights Deal by 10 Years
Tabcorp, an Australian gambling giant, has unveiled an extension to its digital content agreement with the Flutter-owned gambling company Sportsbet. Under the agreement, Sportsbet will be allowed to broadcast Sky Racing 1 and Sky Racing 2 live on its betting application and official website. Sky will serve as the exclusive provider of the deal. As […]
Industry
May 19, 2023
Tabcorp Considers Bid for Melbourne Cup Broadcast Rights Holder
The Melbourne Cup Carnival is famous not only in Australia but around the world. Popular as the country’s biggest racing event, it enjoys viewership from 120 nations. It is believed that more than 700 million people around the world enjoy the Melbourne Cup, which is a testament to its importance within the horseracing vertical. Now, […]
Casino
May 5, 2023
Melbourne Pub, Tabcorp Facing Fines for Letting Minors Gamble
Letting minors gamble could cost a pub in Melbourne almost AU$ 222,000 ($149,850) after the Victoria gambling regulator got tipped, investigated and charged the venue. Six Occasions of Letting Gambling by Minors The Victorian Gambling and Casino Control Commission (VGCCC) announced Friday that the staff at the Preston Hotel allowed a 16-year-old access to electronic […]
Sports
March 15, 2023
Court Grants Tabcorp Access to Entain-NSW AHA Commercial Deal Documents
The deal in question was signed between Entain and NSW Australian Hotels Association (NSW AHA) and it was revealed as a commercial agreement that would allow the two companies to promote Entain Australia’s digital wagering brands – Ladbrokes and Neds – on-site state pubs and clubs. Commercial Partnership Between Entain and NSW AHA Challenged At […]
Industry
March 8, 2023
Tabcorp CEO Calls for Single National Regulator and Less Gambling Ads on TV
Inside Asian Gaming reported that in a statement made on March 8, the CEO of Tabcorp, Adam Rytenskild, one of Australia’s largest gambling companies, has called for a single national regulator to ensure consistency in the industry and protect vulnerable Australians. Tabcorp CEO Advocates for National Regulator to Replace State-Based Model The current state-based model […]