February 14, 2022
Attention has been drawn to Western Australia, as the state’s government undertakes a final bidding round to sell its WA TAB bookmaker office – a transaction that will reshape Australia’s gambling landscape. The auction sees Entain Plc once again step up to the M&A plate, as the FTSE100 gambling group bids to acquire the WA TAB as a retail asset …
Read More »May 14, 2018
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 …
Read More »December 14, 2017
Australia has been lambasted by Canberra based think tank The Australia Institute, after new figures revealed its poker machine habits. With 835,000 of the worlds 1,076,000 poker machines, representing almost 80%, located in dedicated gambling venues, such as casinos, race tracks, betting agencies and slot halls, the paper points the finger at the remaining 241,000, situated in the worlds pubs …
Read More »November 17, 2014
Western Australia state owned betting operator TAB is set to focus its business towards online sports betting amid a decline in its racing operations. Last week Racing and Wagering Western Australia (RWWA) issued its annual sports betting report outlining that revenue growth jumped 36% in the past 12 months to July 31 – AUS $160 million, the increase was driven …
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