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Article: CALL FOR AUSTRALIAN GOVT TO REFORM GAMING REGULATIONS.
- Article from:
- AsiaPulse News
- Article date:
- August 10, 2009
CopyrightCOPYRIGHT 2009 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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SYDNEY, Aug 10 Asia Pulse - The chief executive of Australian gaming and betting giant Tabcorp (ASX:TAH), Elmer Funke Kupper, says it's important that Australian governments reform gaming regulation and taxation so that the racing industry is well funded and so that agencies can compete on equal terms.
Mr Funke Kupper says the current situation means bookmakers can operate from a state or territory outside NSW and Victoria, where Tabcorp operates the TAB, offering products online without paying the same taxes or fees.
"If you look at the business that we operate in Victoria and NSW, they are actually significantly disadvantaged because the new players ...