Connect with us
NSoft

Australia

Merged Tabcorp-Tatts gaming giant wants Australia-wide digital bet tax

Published

on

The $11 billion Australian gaming giant created by the merger of Tabcorp and Tatts will make a priority of fighting for nationally consistent digital-betting taxes on its foreign bookmaker rivals.

 

After shareholders this week voted to approve the long-awaited Tabcorp-Tatts mega-merger, Tabcorp chair Paula Dwyer said a political focus would be working to ensure regulations kept pace with the fast-changing wagering environment.

Ms Dwyer said the 15 per cent “point-of-consumption taxes” being rolled out in some states – taxing revenue on digital betting losses for the first time – must be “harmonised” across the board.

We believe it should be harmonised,” she said. “We don’t want to create opportunities to have efficiences between the states exploited.

Ms Dwyer’s comments come as Tabcorp’s rival online corporate bookmakers urge governments in Victoria and New South Wales not to follow the 15 per cent tax rates of other jurisdictions, saying it would be too onerous and could jeopardise their businesses.

Tabcorp has long argued that point-of-consumption are needed to “level the playing field” in the gambling industry, as retail betting companies Tabcorp and Tatts have to pay vastly higher taxes than the online bookmakers, licensed in the Northern Territory.

Ahead of the Tabcorp-Tatts merger implementation on December 22, Ms Dwyer praised the “huge team effort” throughout the long-delayed 14-month saga of securing regulatory approval of the deal.

Now the challenge is to complete the integration and deliver at least $130 million in synergies we have committed to,” she said.

Ms Dwyer said integration would take up to two years, and the large savings would be achieved by 2020.

We have now to really focus on implementing our plans … to really drive the best plan to take the integrated business forward,” she said.

Challenges in the Federal Court recently forced the merger proposal to be sent back to the competition tribunal for review, but it was again given the green light earlier this month.

Ms Dwyer said she was “always confident we would get there in one shape or another“.

Collectively we believe these businesses belong together … and it was worth giving a red-hot go,” she said. “I never lost my resolve.”

 

Source

George Miller (Gyorgy Molnar) started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

Australia

GTGNetwork.com sign data and games deal with BetEasy

Published

on

 

Vereeni-Investments-partners-with-RB-Capitaled-design GTGNetwork.com sign data and games deal with BetEasy

Agreement will see GTG Network.com deploy consumer-facing data platform with leading Australian bookmaker

Data and technology provider GTGnetwork.com (GTG) has signed a deal with BetEasy to deploy GTG’s iSport Genius product and software.

The ‘betting choice’ content-and-insights platform is designed to inform and educate customers about their choice of bet.

iSport Genius’ interactive consumer-facing platform leverages trillions of pieces of data, and via an intuitively designed interface creates a multitude of engaging calls to action and helps improve the overall experience for punters and sports fans alike.

Nathan Rothschild, co-founder and partner at GTGNetwork.com, said: “Our deal with BetEasy is recognition by another tier 1 operator of the value of our data platform and insights to sportsbooks and its customers. We’re delighted to be working closely with one of the leading operators in Australia.”

Martin Tripp, Chief Trading Officer for BetEasy said, “We’re constantly looking for ways to enhance our customers’ wagering experience and look forward to bringing this deal to life.”

Rothschild will be attending ICE 2020 before a trip throughout the US. If anyone wishes to arrange a meeting to see how GTG can enhance their sports offering, they should contact Nathan.

Continue Reading

Australia

Scientific Games reports record performance at Melbourne Cup

Published

on

Scientific-Games-Joint-Venture-Wins-10-Year-Sports-Betting-Contract-In-Turkey Scientific Games reports record performance at Melbourne Cup

 

This year’s Melbourne Cup saw OpenSports hit a peak of 35,000 bets per minute for a single operator that is now hosted fully in the cloud. OpenSports is known for powering seamless player experiences for its partner operators through its proven, reliable and scalable OpenBet platform as seen across key sporting events across the globe.

The demand through peak times during this year’s Melbourne Cup event was 35 percent higher than the maximum number of bets per minute ever seen previously on the platform in 21 years of operation.

The Melbourne Cup is Australia’s most famous annual Thoroughbred horse race. It is a 3200-metre race for horses three years old and over, conducted by the Victoria Racing Club on the Flemington Racecourse in Melbourne, Victoria as part of the Melbourne Spring Racing Carnival. It is the richest “two-mile” handicap in the world, and one of the richest turf races.

Keith O’Loughlin, SVP Sportsbook for SG Digital, said, “This record performance is a great new benchmark for us and for our partners as OpenSports continues to grow. We’re capable of processing record transaction numbers, and our global customers are benefitting from the scalability of our platform.”

Continue Reading

Australia

New laws could trigger a drop in unlicensed iGaming in Australia

Published

on

unlicensed-iGaming-in-Australia New laws could trigger a drop in unlicensed iGaming in AustraliaReading Time: 1 minute

The Australian legislators have made some reforms to the Interactive Gambling Act 2001 (IGA) recently and the reforms are likely to trigger a drop in unlicensed iGaming in the country. According to the Australian Communications and Media Authority (ACMA), the unlicensed activity could come down by even 50% this year.

An ACMA revenue could also drop down to €126 million from €285 million last year. The reforms strengthened the authority’s power to act against unlicensed offshore operators. The new laws also contain provision for slapping €5 million penalties per day to offenders

“Over the past year, we’ve moved decisively to disrupt the provision of illegal offshore gambling to Australians,” – said ACMA chair Nerida O’Loughlin . “We’ve made it clear that Australia’s laws are unambiguous. If you provide prohibited or unlicensed gambling services to customers in Australia, you are breaching Australian law and we will take enforcement action,” she concluded.

The ACMA also set up an Interactive Gambling Taskforce, which is determined to educate, engage and enforce action to break down unauthorised gambling operations.

Source: Latest News on European Gaming Media Network

Continue Reading

Trending

European Gaming Media and Events is a leading media and boutique event organizer in the European Union with a monthly reach of +50,000 readers. The official company (PROSHIRT SRL), has been listed for 4 years in a row among the top 3 Advertising and market research agencies in the local Top Business Romania Microcompanies based on the Financial Reports.

Contact us: sales@europeangaming.eu

Editorial / PR Submissions: editor@europeangaming.eu

Copyright © 2015 - 2020 European Gaming Media and Events. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania

We are constantly showing banners about important news regarding events and product launches. Please turn AdBlock off in order to see these areas.