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While offshore betting sites work their way around current gaming laws, it’s actually the sites themselves that concern bodies like Tabcorp who have vested interests in the Aussie industry.
Under the partnership, both companies will integrate business resources, collaborate on core technology, and cooperate in community operations. CarBlock is also planning to airdrop tokens to vehicles and owners
It’s not just the big Internet firms who seem to be against blocks Down Under. The Australian Bankers Association said this week that technology developed to stop financial transactions for gambling “would be incomplete and haphazard” as they would only account for payments made online.
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So far, the group has handed out anti-pokie reform materials to a wide range of seats across the country: 18 in New South Wales while all of the Queensland seats have been covered. It seems that anti-reform activists are ramping up their efforts, going straight to the source by appealing directly to politicians.
“This proposal to move poker machines away from schools has been pushed for so many years and I’m glad it has finally become law,” says Representative Ray Tebuteb. “I thank my colleagues and the governor for making sure it is done”.
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“There is no evidence that suggests that wrongdoing is part of systemic culture or part of the activities of the vast majority of decent, hard-working participants within this industry,” Brenton Scott of the Greyhound Breeders, Owners and Trainers Association, told ABC at the time. “It would be wrong to penalize, on a collective punishment basis, the majority, for the sins of a few.”
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On Friday, Tatts will pay its investors a special dividend of 16 cents. As a result of the special dividend being paid, the scheme’s cash consideration of 42.5 cents per Tatts share will be reduced to 26.5 cents. The incorporation of Tabcorp Holdings and Tatts is expected to take approximately two years.