The Victorian government wants to also implement the tax law. They announced in their May 2017 budget. The state wants to also implement a similar tax law. “The downtown in wagering in the state will result in lower returns to the state’s racing industry and an increasing reliance on government funding,” said Stephen Conroy, Responsible Wagering Australia (RWA) executive director. for more on the story keep your eyes open. We shall see how it goes in the next coming year. whether gambling tax law will take effect or not. Check out the best gambling sites here.
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Australia – The government in Queensland, has approved the development of the Queen’s Wharf Brisbane precinct. The $3 billion project was proposed by the Destination Brisbane Consortium and is inclusive of a new casino, hotels and a residential complex. Read On.
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Where TAB and Tatts have increased turnover is in Fixed Odds betting, which increased by over $500 million from $2.98 billion to $3.51 billion. Further growth is expected in 2016-17, which will see Fixed Odds betting overtake TAB retail as the highest source of turnover for TAB and Tatts.