#Tabcorp

Financial Review

Online gambling ministers to meet amid credit card crackdown

Australia has the highest annual gambling losses per person in the world - $1300 per adult, totalling more than $25 billion - fuelled by high poker machine use and online gambling. Nearly three-quarters of Australian adults have gambled once in the past year, the Australian Gambling Research Centre says, and the estimated prevalence of "problem…

Payment Methods ・ 12 September 2023

The Sydney Morning Herald

Tabcorp posts solid profit as online gambling outlook darkens

Tabcorp posts solid profit as online gambling outlook darkens We're sorry, this feature is currently unavailable. We're working to restore it. Please try again later. Tabcorp has posted $66 million in full-year net profit, beating market expectations following the demerger with its cash-cow lottery business as gamblers returned to its retail venues…

Industry ・ 24 August 2023

fnarena.com

Roll Of The Dice; Recession Proof Gambling

This story features TABCORP HOLDINGS LIMITED, and other companies. For more info SHARE ANALYSIS: TAH Gambling is regarded as recession proof. The ASX offers numerous offers to give portfolios a winning edge. -Research suggests households don't consider buying lottery tickets a luxury or even discretionary-UBS survey shows 31% of Australians buy a…

Industry ・ 05 July 2023

iGaming Brazil

Australia will ban the use of credit cards for online gambling

Australian gamblers will soon be banned from using credit cards for online betting. The government intends to introduce new legislation in the coming months that will bar this payment method. In a recent announcement, Communications Minister Michelle Rowland and Social Services Minister Amanda Rishworth seek to align online gambling with…

Payment Methods ・ 03 May 2023

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ABC Australian Broadcasting Corporation

Ban on credit card use in online gambling to be introduced by federal government

Labor has announced it will begin to take steps to make it illegal for betting companies to allow people to use credit cards when gambling online. The legislation to implement the ban will be introduced to parliament later this year The ban would not apply to lotteries A 2019 survey found 81 per cent of people supported some kind of credit card…

Payment Methods ・ 27 April 2023

The Sydney Morning Herald

Gambling advertising restrictions: Tabcorp pushes to reduce gambling harm

The world's biggest sports betting companies are targeting punters on platforms such as TikTok, YouTube and Spotify, as the government says it will scrutinise social media platforms as well as traditional television networks. Gambling businesses, sports codes and regulators will front a parliamentary inquiry into online gambling on Tuesday, with…

Gambling Addiction ・ 03 April 2023

ABC Australian Broadcasting Corporation

Online gambling industry regulation back in focus during inquiry's hearings

Thanks to online gambling, John is someone who knows how it feels to lose everything. The federal government launched its inquiry into online gambling last year Industry, stakeholders and researchers will front hearings in Canberra today Some researchers argue betting companies need to do more to ensure problem gamblers are supported to quit When…

Gambling Addiction ・ 28 February 2023

adnews.com.au

Tabcorp wants to stop peak TV gambling advertising but broadcasters aren't keen

The media isn't that keen to support an end to advertising of online gaming, according to submissions to a federal parliamentary inquiry into problem gamblers. Commercial radio and television fear restricting advertising, other than under current rules, will cut revenue and the services they can provide. And the peak advertising body, the AANA, has…

Sports ・ 28 November 2022

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The Sydney Morning Herald

Lottoland marks lottery return with keno bonanza

Betting operator Lottoland is re-entering Australia's lottery scene with the world's largest keno jackpot on Tuesday, promising to shake up the hegemony of newly listed giant The Lottery Corporation. The Gibraltar-based business will relaunch in Victoria with a $20 million jackpot after securing a 20-year licence to operate keno in Victoria in…

Lottery ・ 28 November 2022

Legal Desire

Understanding gambling law in Australia

Gambling is generally defined as an activity that involves betting money or something of real value on the outcome of an event that is decided entirely or in part by possibilities, such as a sports competition or a horse race, with the hope of winning an award or something else of value, even though it is difficult to provide an all-inclusive legal…

Law ・ 21 November 2022

Financial Review

How Facebook bots tried to lure young men to Tabcorp-backed gambling app

Mobile Apps ・ 31 October 2022

The Sydney Morning Herald

Inside NAGS, the NSW gambling lobby’s favourite organisation

A gambling research forum that influences the policy agenda in NSW is dominated by gambling industry figures and its annual conference is sponsored by gambling organisations. The National Association of Gambling Studies (NAGS) has adopted a position of studied neutrality, declaring on its website that it has "no opinions or biases in the gambling…

Gambling Addiction ・ 08 October 2022

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Gambling Global Market Estimated To Grow At 60% Rate

Gambling Global Market Report 2022 - Market Size, Trends, And Global Forecast 2022-2026 The Global Gambling Market Report by The Business Research Company covers gambling market size, drivers, restraints, key players, and the impact of COVID-19. LONDON, GREATER LONDON, UK, August 26, 2022 / EINPresswire.com / -- As per The Business Research…

Industry ・ 26 August 2022

Gambling News

Addict Fueled Gambling by Scamming an Elderly Man

A nefarious gambling addict by the name of Brian James Wilson scammed an elderly man and took all of his savings. He lied that he was about to invest the money in groundbreaking projects but, in fact, used it to fuel his gambling addiction. Wilson first met his victim in 2018. Back then, the 82-year-old man was selling his mortgage-free Mount…

Sports ・ 17 August 2022

The Age

Gambling addict swindled nearly $2m from elderly man

A gambling addict swindled more than $1.9 million from an elderly man he befriended, putting the money into online betting accounts. Brian James Wilson befriended his 82-year-old victim through acquaintances after finding out he was selling his mortgage-free Mount Martha home for $1.6 million in August 2018. The 55-year-old convinced the elderly…

Trust and Safety ・ 17 August 2022

Casino Guru

Austrac urges gambling companies to step up in tackling money laundering

Landing on the bad side of regulators' good graces can have damning and lasting consequences. These are the lessons Crown Resorts and Star Entertainment, the country's two biggest gambling companies, took from their most recent inroad with the law. Now, Australia's financial regulator, Austrac, wants to make sure that the gambling industry in the…

Incidents ・ 23 June 2022

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The Sydney Morning Herald

Bad bet: Gambling lobby donated $11,000 to Labor before Qld tax hit

Bad bet: Gambling lobby donated $11000 to Labor before Qld tax hit We're sorry, this feature is currently unavailable. We're working to restore it. Please try again later. A gambling lobby group has criticised the Palaszczuk government's planned tax changes only days after donating $11000 to the Labor Party. Electoral Commission of Queensland…

Finance ・ 07 June 2022

Narooma News

Qld to widen gambling tax, impose new levy

A new gambling tax will ensure multinational betting firms support Queensland's racing industry. The Queensland government will lift taxes on bets to 20 per cent and funnel most of that income to the state's racing regulator in the upcoming budget. Treasurer Cameron Dick says the point of consumption tax on wagering companies will rise from 15 per…

Finance ・ 06 June 2022

The Islander

Qld widens gambling tax, imposes new levy

Treasurer Cameron Dick says the new levy wil ensure betting firms support Qld's racing industry. The Queensland government will lift taxes on bets to 20 per cent and funnel most of that income to the state's racing regulator. Treasurer Cameron Dick says the point of consumption tax on wagering companies will rise from 15 per cent to 20 per cent and…

Finance ・ 06 June 2022

Canberra Weekly

ACT online problem gambling bill causes problems

Debate over Labor MLA Dr Marisa Paterson's bill to protect online gamblers has been deferred after the Canberra Liberals accused Labor of profiting to the tune of more than $12.5 million from gambling. Dr Paterson called on the ACT Government to implement the National Consumer Protection Framework for Online Wagering; to review the online gambling…

Gambling Addiction ・ 02 June 2022

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The Islander

Oz Lotto top prize odds to become slimmer

It was always a long shot but the average Australian's odds of winning the Oz Lotto top prize will soon shrink further under changes introduced by the Victorian government. Victoria's Public Lottery Licence has been amended so from May 11, the Oz Lotto matrix will increase from seven from 45 numbers to seven from 47. Three supplementary numbers…

Lottery ・ 07 April 2022

Macarthur Advertiser

Oz Lotto top prize will be harder to win

Australians' chances of winning the Oz Lotto top prize will soon plunge from one in 45 million to one in 62 million following changes by the Victorian government. The state government has amended the Public Lottery Licence to increase the Oz Lotto matrix from seven from 45 numbers to seven from 47. Three supplementary numbers will be drawn instead…

Lottery ・ 07 April 2022

7 News

Oz Lotto change: It’s about to become a lot harder to win the top prize. Here’s why

Australians' chances of winning the Oz Lotto top prize will soon plunge from one in 45 million to one in 62 million following changes by the Victorian government. The state government has amended the Public Lottery Licence to increase the Oz Lotto matrix from seven from 45 numbers to seven from 47. Three supplementary numbers will be drawn instead…

Lottery ・ 07 April 2022

The West News

Why do Australians Love to Gamble so much?

Australians are some of the most avid gamblers in the world. Ausies seem to take up the hobby with zeal and gusto unknown in other places. While casino operators have been happy with this arrangement, many academics have wondered why. Billions worth of dollars are wagered in the Australian casino, sports betting, and lottery industries annually. By…

Lottery ・ 01 March 2022

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Global Gambling Industry Report 2022: Information and Data on Activities in 250+ Jurisdictions

The "Global Gambling Report" report has been added to ResearchAndMarkets's offering. This comprehensive Global Gambling Report contains information and data on gambling activities in more than 250 jurisdictions. It is constantly updated with new developments in regulation, taxation and market performance for the sports betting, horseracing, casino,…

Industry ・ 22 February 2022

Gambling News

ACMA Sees Increase in Online Gambling in First Half of 2021

The Australian Communications and Media Authority (ACMA) has long embarked on a mission to uproot illegal online gambling in the country. Several years after the first salvo was fired, Australians seem to be gambling more despite the pandemic. Yet, the findings of a new survey by the watchdog may be justified. According to ACMA, online gambling…

Industry ・ 18 February 2022

Hunter Women's Chronicle

The Future of Slot Machine Market Segmented By Companies, Size, Growth, Key Regions and Applications.

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Bingo ・ 19 January 2022

ABC Australian Broadcasting Corporation

Experts warn of increased gambling harm in WA as TAB sale raises prospect of electronic gaming

A financial counsellor to some of the most vulnerable people in Western Australia says the state government should "hang its head in shame" if it allows electronic gaming to be rolled out in TABs across the state. Electronic simulated racing games may be introduced in TAB outlets The games will be permitted under the terms of the TAB sale There are…

Gambling Addiction ・ 20 December 2021

iGaming Business

ACMA orders blocking of more offshore and affiliate sites

Golden Lady Casino, Casino4u, Spin Samurai, Axe Casino, Lucky Dreams, Comet Room, Paradiso Room, No Deposit Friend, No Deposit Bonus Blog, Casino-On-Line, Online Casino Australian, Casino Shortlist, Australia Casino and Aus Casinos were all found to be in breach of the Interactive Gambling Act of 2001, ACMA said. As such, ACMA requested internet…

Affiliate ・ 16 December 2021

Gizmodo

Australia Has Now Blocked Hundreds Of Gambling Websites

The Australian Communications and Media Authority (ACMA) is requesting Internet Service Providers (ISPs) block even offshore gambling websites that are in breach of Australian laws. They've been ordering Aussie ISPs to do this since late 2019 and since then, a total of 324 sites have been subject to the banhammer. In 2020 there was several rounds…

Gambling Sites ・ 21 October 2021

Reuters

Australia's Aristocrat Leisure makes $2.9 bln bet on online gambling provider Playtech

Oct 18 (Reuters) - Australia's Aristocrat Leisure (ALL.AX) said on Monday it would buy London-listed gaming software supplier Playtech (PTEC.L) for 2.1 billion pounds ($2.89 billion), offering new growth areas for the gambling machine maker including real money gaming. Playtech shares soared 57% to a three-year high and were trading 6.5 pence short…

Travel ・ 18 October 2021

ZD Net

Senate committee says choice is why using credit cards for online gambling should remain

An Australian Senate committee tasked with reviewing a Bill that sought to ban the use of credit cards for online gambling has recommended for it to be scrapped. Introduced into Parliament by Senator Stirling Griff last year, the Bill sought to make it a criminal offence for an organisation to accept credit card payments for interactive gambling…

Politics ・ 11 October 2021

Gambling News

Portugal Contemplating All-Day Ban on Gambling Advertising

The concept of prohibiting ads related to gambling isn't new - several countries already have similar protocols in place. Portugal could be the next to join them and approval of strict limitations on when gambling ads can be aired is almost a guarantee. Four separate bills have been presented to lawmakers in the country, all of which essentially…

Sports ・ 04 October 2021

ZD Net

Westpac expands digital gambling block to include additional debit cardholders

Westpac Group has announced the expansion of its digital gambling block feature to St George, BankSA, and Bank of Melbourne debit cardholders. When the feature was initially released in March, the gambling block feature was available to all Westpac Group credit card customers, as well as Westpac debit card customers. The gambling block feature…

Payment Methods ・ 04 October 2021

The Sydney Morning Herald

Tabcorp calls for fresh crackdown on TV gambling advertising

Gambling giant Tabcorp has appealed to the federal government to impose tougher restrictions on betting advertising during prime-time viewing to protect young children, teenagers and vulnerable Australians. The ASX-listed wagering, media and lottery company has warned an accelerated switch towards online betting during the pandemic has brought…

Incidents ・ 09 September 2021

Gambling Insider

Tabcorp: Banks should be responsible for online gambling credit card bans

Australian gambling company Tabcorp says it will not oppose the banning of credit card use on online gambling platforms, but says that banks should be responsible for enforcing the ban, as reported by ZDNet. Appearing before the Parliamentary Joint Committee on Corporations and Financial Services, Tabcorp CEO David Attenborough said that the…

Payment Methods ・ 03 September 2021

Casino AUS

Interactive Credit Card Gambling Amendment on Track to Pass

The Interactive Gambling Amendment to prohibit the use of credit cards for gambling seems to be on track for passage in the Senate. A committee report is due 8 October, and it will produce data regarding the benefits of banning credit cards for gambling. If all information emerges as anticipated, the Australian Parliament will likely pass the bill…

Payment Methods ・ 26 August 2021

Yogonet

Australia: Tabcorp backs potential ban on credit card gambling

ustralia's Tabcorp Holdings said on Wednesday that it would not oppose any potential ban on Australians punting with their credit cars, provided that local newsagents were still able to sell lottery tickets to customers. The company also pointed out that the accelerated switch towards online betting during the pandemic has brought the need for…

Payment Methods ・ 23 July 2021

Legit Gambling

Tabcorp Would Support Credit Cards Ban in Online Gambling

The notable Australian wagering and lottery company Tabcorp just stated it wouldn't oppose a possible ban on credit cards in online gambling. The company would support this potential ban as long as players could still buy lottery tickets in real life shops. At the moment, the Australian Parliament is considering a new law that would ban players…

Payment Methods ・ 22 July 2021

Gambling News

Tabcorp Won't Resist If Credit Cards for Online Gambling Are Banned

Australia's biggest gambling company, Tabcorp, states that it will not oppose a ban on credit cards as a payment method in Australia. The company also added that this will not present a problem, as long as lottery tickets can still be sold by local newsagents. Speaking on the latest developments, including COVID-19, Tabcorp stated that the recent…

Payment Methods ・ 21 July 2021

Gambling Insider

Tabcorp would support an Australian ban on credit cards for online gambling

Tabcorp, an Australian wagering and lottery company, would not be opposted to a potential ban on players using credit cards to place the bets, as long as customers could still purchase lottery tickets at shops. The operator noted that any possible ban on betting using credit cards will require a transition period to ensure the business has time to…

Payment Methods ・ 21 July 2021

Casino Guardian

Tabcorp Does Not Intend to Fight Proposed Credit Card Ban but Insists for National Gambling Watchdog

Australian gambling operator Tabcorp revealed that it does not intend to oppose a potential ban on credit card use for gambling transactions in the country, as long as local newsagents were still allowed to offer lottery tickets to customers. The betting, media and lottery company further noted that the quick switch towards online gambling during…

Payment Methods ・ 21 July 2021

The Sydney Morning Herald

TAB to not oppose credit card ban for online gambling

TAB will not oppose credit card gambling ban, wants new national wagering regulator Gambling giant Tabcorp says it would not oppose any potential ban on Australians punting with their credit cards as long as local newsagents were still able to sell lottery tickets to customers. The ASX-listed wagering, media and lottery company also says the…

Payment Methods ・ 21 July 2021

Gambling News

Retrospective: A Look at Some of This Week’s Top Gambling Stories

This week brought a number of changes to the global gaming industry, although some could argue that not all of the changes were for the better. Looking back on some of the larger stories of the week, it's apparent that industry players are working hard to advance the market. However, not all of them are going about it the same way. There was once a…

Covid ・ 09 July 2021