Reports AUSTRALIA MARKET
Australia has a new Point of Consumption tax which will apply to bookmakers and the rate varies in each state and is generally between eight and 15 per cent. TabCorp has been pushing for the new tax across Australia arguing the need for a ‘level playing field’ given online only bookmakers are mostly licensed in the lower tax rate region of the Northern Territory and have paid considerably less tax than TABs.
on-course operations in Victoria, NSW, Queensland, South Australia, Tasmania, NT and ACT; wagering channels, Trackside (computer simulated racing product in Victoria, NSW and ACT), international wagering via Premier Gateway International and three SKY racing TV channels.
TAB Wagering offer pari-mutuel and fixed price betting on thoroughbred, harness and greyhound racing plus on various other sports from AFL, NRL, Rugby Union, Soccer and Cricket.
Revenue in FY18 amounted to $2.18bn with an EBITDA of $396.9m. TAB’s investment in the digital sector saw digital turnover increase by 16.3 per cent to $5.07bn compared to retail turnover at $6.03bn (down 3.3 per cent).
Te divisions involve SUPERTAB operated in Victoria, ACT and Western Australia plus NSW TAB in NSW and UBET in Queensland, South
P160 NEWSWIRE / INTERACTIVE / MARKET DATA Australia, Tasmania and Northern Territory.
Australia has a new Point of Consumption tax which will apply to bookmakers and the rate varies in each state and is generally between eight and 15 per cent.
TabCorp has been pushing for the new tax across Australia arguing the need for a ‘level playing field’ given online only bookmakers are mostly licensed in the lower tax rate region of the Northern Territory and have paid considerably less tax than TABs.
Te Gaming Service Business division brings together MAX and MAXtech covering various gaming products and services. Maxgaming was founded in 1998 and is the largest Licensed Monitoring Operator in the world. Te UK based slots division Talarius was sold to Novomatic in 2016 and the sector was re-branded to MAX and MAXtech (previously Maxgaming and Bytecraft).
MAX offers gaming venues a range of products and operates in NSW, Queensland and the NT and venue services nationwide. Tey currently monitor over 130,000 machines in Australia and gaming venue loyalty system with over 350 venues using their products.
TabCorp Gaming Solutions (TGS) operates across Victoria and NSW and provides a mix of gaming expertise whilst the eBet business provides gaming and promotional management systems. MaxTech provides a mix of services from logistics to maintenance. FY18 revenues were $249.7m for the sector with an EBITDA of $121.8m.
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