Australia’s corporate bookmakers have been up in arms over the latest changes to the Interactive Gambling Act, which they claim give Tabcorp and Tatts Group free reign over in-play betting.
According to a joint letter sent by Australia’s bookmakers in early November, the latest IGA amendments included a measure that would effectively give the Tabcorp-Tatts Group the ability to offer online in-play betting in retail outlets and pubs and clubs across the country – which would give them a significant advantage.
“You could conceivably have iPads handed out for people to bet on at the MCG while a match is on, given there is a TAB outlet there,” said one bookmaker CEO to the Australian Financial Review.
“[The Tatts and Tabcorp] mega-merger will result in a significant concentration of monopoly power, while expanding that monopoly power through the Bill’s provisions,” the letter said.
Other measures hurting the corporate bookmaker include a ban on betting on credit on Australian sports with offshore wagering operators.
This Dossier results from the “Life After POGOs” editorial project by Asia Gaming Brief which culminated with a pop-up digital forum on 9th December to discuss potentials ramifications in the industry.
The Macau government has added Shijiazhuang, the capital of Hebei province and Shenyang, the capital of Liaoning province, to the list of destinations on which a 14-day mandatory quarantine will be imposed.
Over the years, many of the answers have been remarkably prescient in their forecasts for the near-term direction of Asia’s gaming industry. However, we can safely say that no one came anywhere close to guessing
what 2020 may have had in store.
While nowhere in the world has escaped the economic fallout from the Covid-19 crisis, Macau has been hit harder than most, with forecasts for gross domestic product to shrink more than 50 percent this year.