Author Topic: Aussie Fair Play Coalition (Read 853 times)

PoisonPen7 · « 2022-Jun-12, 08:59 AM **Reply #1** »

Who is the Aussie Fair Play Coalition?

The Aussie Bricklayer · « 2022-Jun-12, 12:05 PM **Reply #2** »

What would Tabcorp know about Fair Play. They discriminate against punters every day of the year, by having different bet limits for different punters.

How can Tabcorp talk about Fair Play, when the maximum bet for many punters on Sport is $0.

I predict that one day, a discriminated punter will become a MARTYR, and the politicians will have blood on their hands for allowing this discrimination to go on for such a long time.

Peter Mair · « 2022-Jun-12, 12:08 PM **Reply #3** »

4 SALE ..............with tabcorp.wagering 'on sale', this campaign may increase the purchase price

Gintara · « 2022-Jun-12, 01:03 PM **Reply #4** »

I hadn't bothered to look but was wondering who was behind it, thanks PP

I'd much rather support a company who got off their arse and built a business rather than spending considerable resources on whinging about your competition.

They are off the ball here.

Peter Mair · « 2022-Jun-12, 01:33 PM **Reply #5** »

Tabcorp should have looked after its customers

It did not. It could still but the prospective buyers of the business are also more likely to not.

My preference is for tote-only betting supplemented by a 'betfair' (buyer=seller) exchange keeping the market honest while paying a fair turnover tax.

It does seem offensive if foreign-owned operators, the main beneficiaries of inflated-field racing, are able to knock off some $500 million annually from a business become a racket with state-government patronage.

PoisonPen7 · « 2022-Jun-13, 07:20 AM **Reply #6** »

Quote from: Gintara on 2022-Jun-12, 01:03 PM

I hadn't bothered to look but was wondering who was behind it, thanks PP

I'd much rather support a company who got off their arse and built a business rather than spending considerable resources on whinging about your competition.

They are off the ball here.

I thought it was ironic Gin that they were paying for a whole page advertisement in the Murdoch press.

Murdoch's News Ltd hasn't paid Australian tax for years

Jeunes · « 2022-Jun-13, 08:59 AM **Reply #7** »

Quote from: PoisonPen7 on 2022-Jun-13, 07:20 AM

I thought it was ironic Gin that they were paying for a whole page advertisement in the Murdoch press.

Murdoch's News Ltd hasn't paid Australian tax for years

Yet many conservatives line up to listen to them. I wonder if they have anything in common. :

Peter Mair · « 2022-Jun-13, 10:14 AM **Reply #8** »

The plot may be sickening

The endorsement of a local player in the corporate bookmaker field may be paving the way for newscorpse to take a stake in 'tabcorp wagering' now sitting in a shop window with a for-sale sign.

PointsBet rejects bid by Murdoch consortium

https://www.smh.com.au/business/companies/pointsbet-rejects-220m-bid-by-murdoch-consortium-20220612-p5at2p.html

jfc · « 2022-Jun-16, 06:33 PM **Reply #9** »

Profits are actually good, providing they are lawful.

So it seems Tabcorp is actually praising their opponents for outperforming it!

Tabcorp Rakes are ~50% higher, and that's a key reason that over 99% of patrons are better off with Corporates.

Tabcorp embraced the V'landys Manifesto which has clearly been proven insane.

jfc · « 2022-Jun-19, 04:57 PM **Reply #10** »

I'll tell you this fact for free. This mob's facts are fiction.

If I remember correctly Sportsbet does not disclose its KPIs for racing separately, so how can related calculations make sense?

What use is market research about clubs during May and June 21 COVID, where venues were abnormally impacted - if not closed?

Anyway if 63% of mobile bettors at at a venue bet with foreign owned bookies, so what! How much food/beverages/other games do they consume at that venue? Why didn't the research cover that!

Tabcorp Rakes are 50% higher, and that is and sane person goes elsewhere!

https://www.fairplaycoalition.com.au/facts

wily ole dog · « 2022-Jun-19, 05:15 PM **Reply #11** »

Given all this talk about how the TAB is ripping everyone off with their rakes why is it that their dividends are often higher than the corporates🤔

Jeunes · « 2022-Jun-19, 06:04 PM **Reply #12** »

If the Tab had a national pool, it would be worse for the corporates and they know it too. At the moment, most meetings other than the metro or Saturday gallops pays on middle dividends. That includes place and exotics too. Usually it favours the corp.

If the totes were nationalised, then there is no real incentive other than fixed odds for the punters unless there are bonus bets to attract the crowds. Even some of the fixed and sports betting is skinny compared to the Tab especially the newer ones.

So wonder if any state governments are being lobbied to not change their take out rate. Seems crazy they are not as the Tab pays a higher tax than the corporates because of the exclusivity.

Peter Mair · « 2022-Jun-19, 08:24 PM **Reply #13** »

As is is untenable

It is time for Australia to move to 'tote-only' betting into a national pool -- no 'fixed-odds' bar a betfair-like 'backer needs a layer' model with a $100 minimum bet and a turnover-levy to contribute to funding racing.

PoisonPen7 · « 2022-Jun-20, 03:04 PM **Reply #14** »

Tabcorp wanted to extend Victorian licence for 30 years, confidential documents show

KYLAR LOUSSIKIAN BUSINESS EDITOR

Tabcorp confidentially proposed a three decade extension to its exclusive Victorian wagering agreement, and a “positive obligation” from the government to “have the licence remain competitive”.

The proposal was submitted to the Victorian Justice Department on July 23 – two months after expressions of interest were due.

The details of Tabcorp’s bid to keep control of the lucrative contract, and to ensure that it would not face higher gaming taxes, are contained in internal documents obtained by The Australian.

Dated August 2 and marked “strictly private and confidential … not for distribution”, the documents were prepared as part of Tabcorp’s Project Midnight, its efforts to renegotiate wagering licences across multiple states.

It notes “political engagement strategies” were focused on Western Australia and Queensland.

Tabcorp holds the exclusive rights to offer retail betting and is given special rights to promote its products at racecourses. While this gives the company a de facto monopoly on offcourse betting, the rise of international corporate bookmakers – who allow customers to bet using a mobile phone app – has eroded its advantage.

The company won a 12 year licence in Victoria in 2012, paying an upfront premium of $410m.

The state had asked for proposals for a new licence starting in 2024, but in April abruptly pulled the process. Sources said the government was unhappy with all the proposals made, including the bid from Tabcorp.

An update in the Project Midnight documents notes of the Victorian expressions of interest: “30 yr term … need positive obligation the Government to maintain relationship … and have the licence remain competitive”.

“Would want a ‘hand back’ licence or seek compensation &/or clawback of upfront premium payment if we’re put in uncompetitive position – eg from the onerous nature of VIC reg approval process, (point of consumption tax) increases etc,” it notes.

But new documents circulated by the Victorian government to interested parties shows it is considering issuing not one exclusive licence in the state after 2024, but up to three for 10 or 20 years.

“The Department is exploring a number of alternatives to the current licence model prescribed by the Act,” the new expressions of interest documents distributed last week read. The new expressions of interest process will end in August, and in February successful respondents will be given the opportunity to make a formal bid. Ladbrokes, owned by corporate bookmaker Entain, is likely to make a submission.

Tabcorp – which demerged its lucrative lotteries and Keno business into The Lotteries Corporation in May – was successfully in seeking to broaden the POCT in Queensland. That change, announced this month, means the corporate bookmakers pay more tax. Tabcorp stands to benefit by about $30m annually, according to analyst estimates. It is also pushing for changes in NSW, where the government will in this week’s budget increase the POCT, a move opposed by the bookmakers and their lobby, Responsible Wagering Australia.

Tabcorp has also embarked on a public campaign with the Australian Hotels Association, Community Clubs Victoria and Clubs NSW to increase the consumption taxes paid by the corporate bookmakers. Tabcorp argues that it is paying double the fees and taxes, which is also making pubs and clubs less competitive compared with wagering using apps.

A Tabcorp spokesman said the company had “submitted an EOI in May last year in compliance with the Victorian government’s timeline”. “The Victorian government requested further information and Tabcorp complied with that request,” he said.

“The new licence needs to be good for racing, good for pubs and clubs, good for the state, and good for punters by levelling the playing field. Currently Tabcorp pays higher wagering taxes and fees than online operators which disadvantages not only Tabcorp but local pubs and clubs.

“We would like all wagering operators to pay the same wagering taxes and fees – that’s fair.”

Earlier this month, RWA accused Tabcorp of turning to “sneaky backroom deals” in a bid to stop competition. “They aren’t interested in ‘fair play,’ only deals that entrench their monopolies,” the group said. “What Tabcorp really wants is to strengthen its commercial monopoly without paying a premium.”

https://www.theaustralian.com.au/business/tabcorp-wanted-to-extend-victorian-license-for-30-years-confidential-documents-show

Jeunes · « 2022-Jun-20, 03:37 PM **Reply #15** »

I wonder if The Australian disclosed that their owner is trying to create a new corporate betting firm in Australia at the start of the article.

PoisonPen7 · « 2022-Jun-20, 03:51 PM **Reply #16** »

Not related to this thread, but for Jeune's sake so he cannot accuse someone of being "conservative"or "right wing" or any other terms used by leftists just because they are quoting from The Australian newspaper or the Daily Telegraph

Maybe he shouldn't be so cheap and nasty and pay for a digital news service so he can start threads and discuss relevant issues by quoting them.

My father has voted ALP all his life but reads the Tele every day. Maybe I should tell him that lefties demand that he stop reading it. Otherwise he is a right wing c***.

News Corp settles on bookmaking launch with Tripp partnership

By Patrick Hatch and Zoe Samios
April 20, 2022

News Corp Australia is finalising plans to launch a bookmaking outfit this year in partnership with a consortium linked to gambling entrepreneur Matthew Tripp, and has picked the former boss of BetEasy to serve as its chief executive.

Rupert Murdoch’s news and media giant has been working on a local wagering strategy for more than a year, which has involved negotiating with several potential wagering industry joint venture partners.

That search has now finished, according to several well-placed sources, who said News Corp had settled on an equity partnership with a group of investors associated with Australian online wagering pioneer Matt Tripp, and the Las Vegas-based online gambling investment fund Tekkorp.

It is unclear when the deal will be formally inked or when the new bookie will launch, but sources said News Corp had recently told top sports editorial staff that it could start advertising in the next month.

The launch of a new bookmaker with the backing of News Corp’s enormous media reach is set to shake up Australia’s wagering industry, which has consolidated in recent years. Major digital players Sportsbet and BetEasy merged in 2019 while the ASX-listed incumbent Tabcorp has continued to lose market share to online rivals.

Tripp is one of Australia’s most successful bookmakers, having built Sportsbet into the country’s second largest bookie behind the TAB and then establishing BetEasy in 2014 before selling it to Canadian gambling giant The Stars Group.

The industry sources, who spoke on the condition of anonymity to discuss confidential matters, said the new company was expected to appoint Andrew Menz as its chief executive. Menz was CEO of BetEasy and then chief commercial officer at Sportsbet when the two group’s parent companies merged. Menz left Sportsbet in May last year, fuelling speculation he would join a new venture being established by Tripp.

News Corp believes the betting venture will be a major driver of revenue to offset declines in its traditional print media assets. The strategy is thought to involve capitalising on the reach of its news mastheads, which include the Herald Sun and Daily Telegraph, and its 60 per cent ownership of pay TV provider Foxtel, which broadcasts sporting codes including the AFL, NRL and Australian cricket.

https://www.smh.com.au/business/companies/news-corp-settles-on-bookmaking-launch-with-tripp-partnership-20220419-p5aeja.html

Peter Mair · « 2022-Jun-20, 04:00 PM **Reply #17** »

..... a new murdoch corporate perhaps -- but not likely

Dinasours do not eat 'grass roots' ......... they swallow whole the fattest of the once were grass-roots eaters.

It will be hard to keep the eye on a moving ball -- especially when we may have missed critical early moves.

These guys know how to play pea and thimble.

Jeunes · « 2022-Jun-20, 05:38 PM **Reply #18** »

Quote from: PoisonPen7 on 2022-Jun-20, 03:51 PM

Not related to this thread, but for Jeune's sake so he cannot accuse someone of being "conservative"or "right wing" or any other terms used by leftists just because they are quoting from The Australian newspaper or the Daily Telegraph

Maybe he shouldn't be so cheap and nasty and pay for a digital news service so he can start threads and discuss relevant issues by quoting them.

My father has voted ALP all his life but reads the Tele every day. Maybe I should tell him that lefties demand that he stop reading it. Otherwise he is a right wing c***.

News Corp settles on bookmaking launch with Tripp partnership

By Patrick Hatch and Zoe Samios
April 20, 2022

News Corp Australia is finalising plans to launch a bookmaking outfit this year in partnership with a consortium linked to gambling entrepreneur Matthew Tripp, and has picked the former boss of BetEasy to serve as its chief executive.

Rupert Murdoch’s news and media giant has been working on a local wagering strategy for more than a year, which has involved negotiating with several potential wagering industry joint venture partners.

That search has now finished, according to several well-placed sources, who said News Corp had settled on an equity partnership with a group of investors associated with Australian online wagering pioneer Matt Tripp, and the Las Vegas-based online gambling investment fund Tekkorp.

It is unclear when the deal will be formally inked or when the new bookie will launch, but sources said News Corp had recently told top sports editorial staff that it could start advertising in the next month.

The launch of a new bookmaker with the backing of News Corp’s enormous media reach is set to shake up Australia’s wagering industry, which has consolidated in recent years. Major digital players Sportsbet and BetEasy merged in 2019 while the ASX-listed incumbent Tabcorp has continued to lose market share to online rivals.

Tripp is one of Australia’s most successful bookmakers, having built Sportsbet into the country’s second largest bookie behind the TAB and then establishing BetEasy in 2014 before selling it to Canadian gambling giant The Stars Group.

The industry sources, who spoke on the condition of anonymity to discuss confidential matters, said the new company was expected to appoint Andrew Menz as its chief executive. Menz was CEO of BetEasy and then chief commercial officer at Sportsbet when the two group’s parent companies merged. Menz left Sportsbet in May last year, fuelling speculation he would join a new venture being established by Tripp.

News Corp believes the betting venture will be a major driver of revenue to offset declines in its traditional print media assets. The strategy is thought to involve capitalising on the reach of its news mastheads, which include the Herald Sun and Daily Telegraph, and its 60 per cent ownership of pay TV provider Foxtel, which broadcasts sporting codes including the AFL, NRL and Australian cricket.

https://www.smh.com.au/business/companies/news-corp-settles-on-bookmaking-launch-with-tripp-partnership-20220419-p5aeja.html

Have been a left and right but now like the independents. However that has nothing to do with the thread but it seems relevant to you for some reason even though I have never brought that up in my comment. Seems you have a bee in your bonnet as usual if any one criticises News Corp.

Next thing you will start banning people who don’t share your views.

Don’t worry I quote links but then again it annoys conservatives if I post anything that does not agree with them so usual name calling.

By the way, I pay for a hard copy newspaper service for my in laws and they don’t like Labor. They don’t take offence when people call them conservatives. I also have a digital service but not with the major papers and I will let you figure that one out.

fours · « 2022-Jun-20, 06:00 PM **Reply #19** »

Quote from: Jeunes on 2022-Jun-20, 05:38 PM

Have been a left and right but now like the independents. However that has nothing to do with the thread but it seems relevant to you for some reason even though I have never brought that up in my comment. Seems you have a bee in your bonnet as usual if any one criticises News Corp.

Next thing you will start banning people who don’t share your views.

Don’t worry I quote links but then again it annoys conservatives if I post anything that does not agree with them so usual name calling.

By the way, I pay for a hard copy newspaper service for my in laws and they don’t like Labor. They don’t take offence when people call them conservatives. I also have a digital service but not with the major papers and I will let you figure that one out.

Does your wife know you are paying hookers for hand jobs?

Fours

jfc · « 2022-Jun-20, 06:00 PM **Reply #20** »

If Tabcorp is so upset about profits heading overseas, it should come clean about its Isle of Man outfit - PGI.

We've now learned that PGI's Annual Turnover is ~$2 Billion.

But what Tabcorp fails to disclose is.

How much Australian Premium Revenue has migrated over to PGI - and what are reasons for such a move?

What is the Revenue (aka Rake) from PGI, and is it so small that Australian clients lose more than their permitted maximum? (As happened with Victorians losing out $60 million to Tote Tasmania).

Until it sets the record straight about this, PGI should be considered as a potential tax avoidance villain, and thus Tabcorp is spending a fortune on attack ads against itself!

Jeunes · « 2022-Jun-20, 06:05 PM **Reply #21** »

Quote from: fours on 2022-Jun-20, 06:00 PM

Does your wife know you are paying hookers for hand jobs?

Fours

I am confused.

Is that what you do Fours?

fours · « 2022-Jun-20, 06:25 PM **Reply #22** »

Jeunes,

No but a hand job qualifies as a digital service.

Fours

Jeunes · « 2022-Jun-20, 07:05 PM **Reply #23** »

Quote from: fours on 2022-Jun-20, 06:25 PM

Jeunes,

No but a hand job qualifies as a digital service.

Fours

Really. I am getting old or had a sheltered life.

PoisonPen7 · « 2022-Jun-23, 12:33 PM **Reply #24** »

Quote from: Jeunes on 2022-Jun-20, 05:38 PM

Have been a left and right but now like the independents. However that has nothing to do with the thread but it seems relevant to you for some reason even though I have never brought that up in my comment.

Yes you did - previous post.

Quote from: Jeunes on 2022-Jun-13, 08:59 AM

Yet many conservatives line up to listen to them. I wonder if they have anything in common. :

What newspaper you read or television station you watch DOES NOT equate to your political views.

I know that is the lefty dogma on US social media (and our lefties ape that behaviour). "Watch the television stations we watch and share our views on politics or we will abuse you on social media".

And on behalf of the forum, no more laughing faces after every f. post please. We all know you are a very serious poster and the laughing face does not lighten up your previous words.

Firezuki is on to you Vlad.