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Bill Code - Journalist


Gambling Compliance

Level 7

Capital Tower

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Australia

Chief executive of Australian giant Tatts Group, Dick McIlwain, has said his company would be interested in picking up Tabcorp Holding's wagering business were it to be offered.

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Against a background of strong online betting performances the Northern Territory bookmaker Centrebet has announced it will shutter CK Racing, the company's on-track operation, after the lucrative Easter carnival, due to a drop in on-course betting.

Electronic Gaming Machines have again been garnering headlines in New Zealand, with two separate councils making moves against the 'pokies' in the last week.

A prominent Australian investment group has initiated a sell recommendation for Tabcorp Holdings suggesting some state machine markets may continue to require ruinous levels of investment.

Queensland's racing industry is set for a massive overhaul if plans to merge the regulatory bodies of the state’s three racing codes get the go ahead in the coming weeks.

The New Zealand Racing Board, which runs racing and sports betting in the country, has overcome the threat of overseas online bookmakers to post a $119m profit for the last financial year.

The row over who should be allowed to operate gaming machines in the Australian Capital Territory has been reignited, with Canberra Casino going head-to-head with the territory’s government in recent submissions to the national Productivity Commission.

A Victorian Council has said it will not mount a Supreme Court battle over a new function centre development set to house 70 poker machines.

New Zealand Department of Internal Affairs Secretary Keith Manch has raised speculation there could soon be some significant changes to the country's Gambling Act of 2003 as it relates to the operation of Class 4 machines.