Thursday, April 25, 2024

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Tabcorp half year results show $417.2 million loss

Australian gambling giant Tabcorp has announced a substantial loss of AU$636.8 million ($417.2 million) and a 5 percent revenue decline in its latest half year report.

VGCCC forces Tabcorp to make most betting terminals cashless

The Victorian Gambling and Casino Control Commission (VGCCC) has banned Australian betting giant Tabcorp from accepting cash bets at most of its Victorian terminals. A statewide direction was issued by the regulator after it was found the company had not prevented minors from using Electronic Betting Terminals (EBTs) to wager.

Tabcorp was awarded a new Wagering and Betting License by the Victorian government, valid for 20 years

Australian wagering firm Tabcorp has announced that it has been awarded a new Wagering and Betting License by the Victorian state government. The new license is valid for 20 years, starting from August of 2024.

Tabcorp appoints Mark Howell as new CFO

Australian wagering giant Tabcorp has announced the appointment of Mark Howell as its new Chief Financial Officer, with Howell set to assume the role ‘prior to June 2024’.

Tabcorp fined $9,590 for gambling inducements on website 

Australian gaming group Tabcorp has been convicted and fined AU$ 15,000 ($9,590) for offering an inducement to people without a TAB betting account.

Tabcorp and eight venues charged by Victorian regulator for allowing minor to gamble

The Victorian Gambling and Casino Control Commission (VGCCC) has charged Tabcorp along with eight venues for allegedly allowing a minor to gamble, in breach of the Gambling Regulation Act 2003. Tabcorp faces a total of 54 charges, including 27 counts of allowing a minor to gamble and failing to reasonably supervise its electronic betting terminals.

Tabcorp gets $53.4 mln tax refund from ATO after dispute resolution

Australian gaming group Tabcorp announced it has resolved a dispute with the Australian Taxation Office (ATO) in relation to the income tax treatment of payments for various licences and authorities, and will receive a refund of AU$83 million ($53.4 million).

Tabcorp fined $650k for non-compliance with VGCCC directions over system outage

Australian gaming group Tabcorp has become the latest to fall under the scythe of state gaming authorities, being leveled with an AU$1 million ($650,000) fine by the Victorian Gambling and Casino Control Commission (VGCCC) for non-compliance with its directives relating to an investigation of a system outage in 2020.

Tabcorp publishes responsible marketing position statement, as Australia bans betting ads

Australian gaming group Tabcorp has published a Responsible Marketing and Advertising Position Statement, which outlines the principles that guide its marketing and advertising operations.

Tabcorp and Preston Hotel charged for allowing underage gambling

The Victorian Gambling and Casino Control Commission (VGCCC) has charged Tabcorp and the Preston Hotel for allowing a minor to gamble, as investigations continue into other venues.