Tag Archives: tabcorp

Tabcorp wins AUS $128 million tax rebate

Australian gambling operator  Tabcorp has won a $128.9 million (£64 million) tax benefit resulting from a payment it made to the Victorian government more than two decades ago. The operator has contested tax charges of a combined value of $1.2 billion in compensation for the past two decades, relating to revenues generated by poker (‘pokie’) machines. Last Friday the Australian …

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Unikrn launches UK eSports Arena

Tabcorp partner and esports entertainment operator Unikrn has announced that it has opened its Unikrn Arena to UK-based consumers to watch and wager on eSports matches and tournaments from around the world Further launch news saw Unikrn management announce that popular game ‘Counter-Strike: Global Offensive’ was an available title for customers to place bets on, utilising the Unikrn platform The …

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Tabcorp enters eSports market with Unikrn partnership

Australian gambling operator Tabcorp is set to enter the burgeoning esports market, by announcing a global partnership with eSports entertainment provider Unikrn. The partnership will see the launch of  a new eSports platform  where gamers can placy and safely bet on organized, sanctioned multi-player video game competitions from around the world. At launch, Unikrn will provide access to live viewing, live discussions …

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Tabcorp urges Australian Government to get tough on offshore bookmakers

Australian betting and gambling operator Tabcorp has advised Australian policy makers for stricter policing and monitoring of offshore bookmakers. Tabcorp senior management have cited numerous concerns regarding consumer and market protections. Tabcorp Chairman Paula Dwyer yesterday told the federal government that an estimated 14% of Australian wagering was being placed with unlicensed bookmakers. Dwyer expressed that the Australian government needed …

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Tabcorp confirms purchase of ACTTAB operations

Australian betting operator Tabcorp has completed its AUS $105 million (£58 millon) acquisition of racetrack betting operator ACTTAB from the Canberra Government (ACT Government). Tabcorp senior management disclosed that it had been granted permission by the Australian Competition & Consumer Commission (ACCC) to proceed with the acquisition of ACTTAB. The purchase of ACTTAB will see Tabcorp gain a 50 year …

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Tabcorp post improved 2014 performance

Australian gaming and sports betting operator Tabcorp, posted a net profit of AUS $ 129.9 million, up 2.6% on 2013 corresponding period. Tabcorp financial performance suffered  from its discontinued Victoria gaming operations, which impacted  business revenues with $19.2 million tax levies.  Tabcorp senior management are in the process of challenging the levies imposed and claiming revenues back. The Australian gambling …

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Tabcorp agrees deal for £58.4m ACTTAB

Australian wagering operator Tabcorp has reached an agreement with the Australian Capital Territory Government to acquire ACTTAB for AUS$105.5 million (£58.4m). ACTTAB is a territory-owned provider of totalisator and fixed odds wagering, Keno and Trackside products. The business offers its services and products through a distribution network comprised of 53 retail outlets located throughout Canberra, as well as telephone and …

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AFL searches for new betting partnership

Melbourne newspaper The Age reports that the AFL will consider a new gambling partnership, once their existing Tabcorp deal expires. It’s believed that BetEasy or William Hill Australia could be lined up to replace the wagering and gaming giant, whose brands include the likes of TAB in NSW and Victoria. However, Chief Operating Officer Craig Nugent believes the firm is in a strong position to extend the contract beyond 2015, with rumours …

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Surge in Australian betting market: $287m wagered on World Cup

Whilst Australia may have bowed out in the group stage of the World Cup, they far exceeded expectations with results which included a narrow 3-2 loss against eventual third place finishers the Netherlands. Back home Australian football fans did their bit by exceeding bookmakers’ expectations in terms of the collective amount they placed in bets. Throughout the month long competiton …

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Tatts Group wins trial for AUS $450 million payout from State of Victoria

Australian gaming group Tatts is set to be awarded more than $451m (£249.6m) in compensation, arising from the expiry of its gaming operator’s licence in August 2012. The Supreme Court of Victoria has found the State of Victoria liable, with an announcement regarding interest and costs expected in the coming days. A statement on the company’s website said: “Tatts welcomes the decision, which upholds an agreement …

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