On Wednesday, Tabcorp announced and noted in a statement, the decision made by the Victorian Supreme Court to approve the Scheme of Arrangement of the company and Tatts Group Limited. The combination has become legally effective and will be implemented on Friday, 22 December 2017. A copy of the court order was lodged with the Australian Securities and Investments Commission (ASIC).
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As you can imagine, the campaign has not been well-received by responsible gambling advocates and Christians across Australia. Reverend Tim Costello of the Australian Churches Taskforce has spoken out against the campaign, who believes that the hot air balloon is offensive.
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As previously mentioned, Scott Morrison’s proposal to charge 15% tax on betting companies is as a result of minimising harm for all sports bodies and bettors. However, on the other side of the coin, a higher tax may result in reduced promotions and bonuses together with lesser odds of winning for bettors. To add on, this might make Australia an expensive industry to offer online betting.
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As such, Wilkie believes that there is corruption running rampant between poker machine clubs and politicians. This is a dangerous combination, as it could mean that political groups are not putting the best interests of the public first in favour of padding their pockets. Financial influence has been a concern from the beginning, as poker machines generate a great deal of tax revenue for local community organizations. Only now is Wilkie bringing attention to the fact that individuals may have also fallen under the influence.
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