Tabcorp has called for a civil-penalty regime for breaches of gambling law, with companies, directors and executives subject to fines, according to a submission to a government review on online gaming seen by The Australian.
The ASX-listed company has said that the Australian Federal Police’s recent failure to investigate three British firms offering in-play betting in Australia will mean that “potentially illegal activities will continue and possibly increase”.
Tabcorp’s submission to the O’Farrell review also proposes tough measures against offshore bookmakers offering bets on Australian sport and racing, including placing executives of these companies on immigration watchlists and banning banks from processing their payments.
The newspaper said the submission may be published as early as Thursday.
It added that Tabcorp is also calling on fines for punters betting with unlicensed overseas bookmakers. “However, Tabcorp submits that a mechanism which imposes penalties on repeat offenders could have some merit,” it says.
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.
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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.
Before the Covid-19 crisis, tourism in the Greater Mekong Sub-Region was at a record high, on track to welcome 80 million visitors in 2019, generating some $90 billion in revenue.
