TabCorp Wants Government Help
By Staff
In Australia, TabCorp is pleading for immediate Government intervention through tax cuts and increased protection for licensed tote operators in order to halt the slide of business towards its Northern Territory-based online rivals.

According to a piece in The Age newspaper, Tab took $36.5 million in bets on the main Melbourne Cup thoroughbred horse race last week, which was 10.3 percent more than on last year’s event. However, the owner and operator of the Tab for the state of Victoria revealed that this amount had been undermined by the equine influenza outbreak and was only 5.5 percent more than was wagered on the 2006 Melbourne Cup. In addition, TabCorp revealed that it took in a total of $64.8 million over the day’s ten events, which was only 3.5 percent more than last year and 3.2 percent higher than in 2006.

The firm stated that last month's relaxing of advertising regulations in Victoria and New South Wales that lifted a ban on the lower fee-paying Northern Territory operators' advertising has triggered $20 million in gaming turnover shifting from the Tab, which will, in turn, cut royalty payments to the racing industry.

TabCorp is demanding an ‘immediate’ three percent cut in the state's wagering tax rate with similar annual breaks until 2012 alongside a ban on bookmakers offering tote odds as well as their own for races, uniform gaming operators fees across Australia and a national ban on introductory ‘free’ bets and credit betting.

'Not only do bookmakers now simply copy tote prices, they can give a better price as they operate from jurisdictions where taxes and racing industry contributions are minimal,' said Elmer Funke Kupper, Chief Executive Officer for TabCorp.

'Basically, we're making it up as we go, state by state, in what is a national industry. This cannot work.'
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