Tag Archives: victoria

Tabcorp defends ‘POC position’ against Racing Queensland

Australia ASX-listed gambling group Tabcorp Holdings faces a legal dispute with Racing Queensland related to Australian betting’s new point-of-consumption (POC) tax charge. Unable to reach an agreement on POC ‘additional payments’, the governance of Racing Queensland has moved to file a Supreme Court challenge against Tabcorp subsidiary UBET Queensland. Implementing its state budget mandate, in October 2018 the Queensland government …

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Victoria makes first move on AUS National Framework

Victoria has become the first Australian state to implement the mandate of the federally approved ‘National Consumer Protection Framework’, adding several new policies and requirements to its online gambling laws. Commonly referred to as the ‘National Framework’, the mandate was first established in December 2018, with the governments of New South Wales, Queensland, South Australia, Tasmania, Victoria and Western Australia agreeing to collaborate …

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Australian Capital Territory pushes forward with 15% POC tax charge

The Australian Capital Territory (ACT) has confirmed that it will move to implement a 15% point-of-consumption (POC) tax charge on all remote gambling services. The ACT government which overseas legislation for Canberra, has confirmed that it will move to implement its POC tax charge by the beginning of 2019. The new policy will charge betting operators a 15% tax on …

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Victoria to introduce lowest consumption tax in Australia

Neds - Copyright: somartin / 123RF Stock Photo

The Victorian Government is to introduce an eight per cent online point of consumption tax, which it has been stated will raise an estimated $30m per year, report Australian media outlets. Coming into force at the start of 2019, and taking a proportion of bookmakers monthly earnings, Treasurer Tim Pallas, announcing its introduction, said the tax has been designed to …

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Tabcorp extends South Australia retail exclusivity

Australian gaming operator Tabcorp has seen a retail exclusivity within one of its home states receive an tentative extension agreement, pending approval by the Independent Gambling Authority. Operating through its wholly owned subsidiary ‘UBET SA Pty Ltd,’ the retail wagering license with South Australia is now set to be exclusive until the end of 2032, after its new arrangements are …

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New James Bond contender says Betway

Victoria star Tom Hughes has entered the reckoning to be the next James Bond, with Betway introducing him to the market at 20/1.  The ITV period drama star has wooed audiences over the past couple of months and now the leading online bookmaker is reporting interest in Hughes being offered the 007 job. Poldark’s Aidan Turner, Ben-Hur star Jack Huston and …

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Victoria to get tough on Gambling advertisement

The Victoria (Australia) state government has begun consultations on potential restrictions to gambling services advertising. Multiple Australian news sources have reported this weekend that state governance is reviewing plans to ban gambling advertisements being published within public transport services and near schools. State Gaming Minister Marlene Kairouz who is reviewing advertising standards proposals, commented that Victoria’s community was concerned with …

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bet365 Australia narrows operational losses to AUS $10.9 million

Independent bookmaker bet365 has reduced its Australian market losses to AUS 10.9 million (£6.3 million) for the 12-month period ending 27 March. The figure represents a marked improvement on its fiscal 2015 market losses of AUS $31 million. Since beginning its operations in Australia under a Darwin license in 2012, the Stoke-based bookmaker has accumulated losses of AUS $133 million …

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ESSA responds to Australian review of illegal offshore wagering

ESSA have issued a response to the Australian review of illegal offshore wagering, citing the Interactive Gambling Act of 2001 and stating that Australia had enforced an inconsistent position on in-play (or live) betting. The following points from ESSA covered the inconsistency of this approach:  Australia has enforced an inconsistent position on in-play (or live) betting. The Interactive Gambling Act …

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AFL’s Tigers step away from sports betting sponsorship

Australian Football League (AFL) club Richmond has entered into a partnership with the Victorian Responsible Gaming Foundation, with a deal that precludes the Australian rules club from having sports betting sponsors. As reported in iGaming Business, the agreement will run for three seasons, from 2016 to 2018. Richmond, also known as the Tigers, will sign the Responsible Gambling Charter and …

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