Tabcorp


Betting companies might need a whip around if jockeys hold out

For bookmakers and wagering companies around the country, every single interruption to the racing program means a drop in revenue. The jokey strike over whip rules could cost the industry millions.

Tabcorp masquerades unsecured debt as “bonds”

Oh, what a credit crunch will do, writes Andrew W Scott.

Woollies, Mathiesons and the licence to print money

From a harm minimisation perspective, large scale pokie operations appear to be a big part of the problem, writes Charles Livingston.

Rudd needs to play cards right on Pay TV gambling

The Opposition will today challenge Kevin Rudd to walk the walk on gambling by banning pay-TV gambling services, writes Bernard Keane.

Richard Farmer’s political bite-sized meaty chunks

Meaty snippets from the home of government plus the daily reality check and the pick of other people’s political coverage. Richard Farmer writes.

Pokies duopoly tumbles, Brumby holds all the aces

The total losses from John Brumby’s shock pokies announcement last Thursday have hit $3.3 billion, writes Stephen Mayne.

Brumby’s unprecedented $2.7 billion wipe out

Never before has a government decision wiped out $2.7 billion of sharemarket value, writes Stephen Mayne.

The Cup carnival ends, the racing wars continue …

The Melbourne Cup Carnival ended on a high on Saturday with a record crowd of over 80,000 attending the Emirates Stakes Day. But the racing industry will not slip from the headlines thanks to an almost endless array of divisions that remain unresolved, writes Jeff Wall.

Second casino shows how business is done in NSW

Today’s Sydney Daily Telegraph story that a second casino licence will be issued in NSW “within days” is highly unlikely. It has been planted in the media as part of the intense bargaining that has been conducted for almost three months between the Iemma Government and Victoria’s Tabcorp, owner of Sydney’s Star City Casino, writes Alex Mitchell.

Cox Plate form stood up… but now we leap into the unknown

The Cox Plate on Saturday again proved to be a race for specialist thoroughbreds – with the winner El Segundo the best credentialed at weight for age, at the unique Moonee Valley track, and at the distance.

Offering Keno to NSW pubs is a booby prize, not a jackpot

The NSW Labor Government’s relations with the powerful hotel industry have hit an all-time low as a result of Cabinet’s decision to allow pubs to have access to the electronic numbers game Keno.

DPP takes over Tabcorp credit bet prosecution, then drops it

Nicholas Cowdery, the NSW Director of Public Prosecutions, has just made what could only be described as a bizarre decision. Mr Cowdery’s decision will be heartily welcomed by Tabcorp and the NSW Labor Government, but has devastated one Chris Fitzsimons.
Who’s Chris Fitzsimons? He’s the former Chatswood solicitor who wagered more than $10 million from 2002 to 2006, punting on horses while utilising a credit betting facility extended to him by the NSW TAB, writes Andrew W Scott.

TABcorp loophole lets NSW punters beg and borrow

There’s a new chapter in the grubby history of the NSW government’s gambling addiction and the sway gambling operators have over Macquarie Street and it comes from an interesting source: www.news.com.au, rather than one of the Murdoch newspapers.

John Howard and matters of high principle

Love me or loathe me, people accept that I stand for something,” the Prime Minister claimed on The 7:30 Report last night. Really, Prime Minister? Are you sure? Writes Christian Kerr.

Ominous signs for Tabcorp’s NSW casino licence?

The decision yesterday in the NSW Supreme Court by Justice Hoeben to allow documents from the long-running saga of Alexander Preston v Star City Pty Ltd to be handed to the Office of the Legal Services Commissioner (OLSC) and The Casino Control Authority (CCA), suggests that a massive time bomb may be ticking away with the potential to destroy Tabcorp’s chances of winning the new exclusive casino licence they are negotiating with the NSW Government. Tabcorp owns Star City and its precious 12-year exclusive casino licence ends in September.

Sports betting explodes, but where will the money land?

The rapid growth in sports betting in Australia, confirmed last week by the largest TAB operator, Tabcorp, is going to lead to renewed demands for greater regulation of sports betting, and revenue sharing with major sporting bodies.