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CryptoXTimes > Article > News > Tabcorp Faces Fine Over Underage Gambling Failures
NewsiGaming News

Tabcorp Faces Fine Over Underage Gambling Failures

Tabcorp fined for underage gambling; Australia strengthens gambling ad regulations.

Reza Ali
Last updated: June 15, 2024 4:12 pm
Reza Ali 1 year ago
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Tabcorp Faces Fine Over Underage Gambling Failures

Tabcorp, a titan in Australia’s gambling industry, finds itself in legal hot water following a series of charges levied by the Victorian Gambling and Casino Control Commission (VGCCC). The charges, totaling AU$370,417 ($246,300), stem from Tabcorp’s failure to prevent a 17-year-old autistic teenager from participating in gambling activities at multiple venues across Victoria between May 2022 and October 2023.

Contents
Tabcorp and VGCCC Emphasize Industry Integrity and Regulatory ComplianceGambling Regulations in Australia: Safeguarding Against Children’s Exposure to Gambling Ads

The legal proceedings unfolded in the Magistrates’ Court in Melbourne, where Tabcorp’s legal team entered guilty pleas to 43 charges related to inadequate supervision and failure to enforce age verification measures on electronic betting terminals. The presiding magistrate fined AU$274,000 ($182,200) and AU$96,417 ($64,100) in legal expenses despite the company’s admission of these mistakes and attempts to correct the matter.

Tabcorp and VGCCC Emphasize Industry Integrity and Regulatory Compliance

The significance of these penalties highlights the VGCCC’s commitment to upholding rigorous gaming policies aimed at protecting vulnerable populations, particularly young people, from the detrimental effects of gambling. Annette Kimmitt, VGCCC’s head executive, stressed the gravity of Tabcorp’s transgressions and labeled them as the main errors compromising the integrity and security of the whole industry.

In response to the court decision, Tabcorp issued a statement attesting its will to bolster defenses against underage gaming. The company underscored its continuing support of Safer Gambling efforts to prevent such tragedies in the future. Underlining the company’s commitment to maintaining robust compliance rules across all its operations and the cooperation it exhibits with regulatory authorities, a Tabcorp spokeswoman said.

Annette Kimmitt of VGCCC, on the other hand, stressed the importance of gaming firms in preserving strict age verification policies and ensuring regulatory compliance. She stressed the need for such actions to stop underage gambling and maintain public trust in the industry’s integrity.

Gambling Regulations in Australia: Safeguarding Against Children’s Exposure to Gambling Ads

The action against Tabcorp also draws attention to Australia’s all-encompassing legislative system for gambling, which, under the National Consumer Protection Framework for Online Wagering, has rigorous consumer protection rules. These guidelines compel operators to implement ethical gaming practices, including pre-commitment programs and self-exclusion measures, to reduce gambling-related losses.

Furthermore, Australia’s advertising rules, which are controlled by the Australian Communications and Media Authority (ACMA), place severe restrictions on gambling commercials, especially during periods when children are likely to be exposed. These rules seek to protect young people from the impact of gambling promotions on conventional broadcast media and internet channels.

Tabcorp’s legal saga is a nationwide cautionary story for gambling operators, highlighting the significant penalties and reputational risks associated with non-compliance. As Tabcorp navigates the aftermath of this legal setback, industry stakeholders are reminded of the imperative to prioritize stringent compliance measures to safeguard against underage gambling and uphold the integrity of Australia’s gambling sector.

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TAGGED: Australia, Crypto Gambling, gambling, IGaming News, Tabcorp, VGCCC
By Reza Ali
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Reza Ali, Editor-in-Chief at CryptoXTimes, is an experienced cryptocurrency writer and journalist. With over a half-decade of experience, he began his career in Bitcoin's early days, exploring and writing about the crypto ecosystem. Known for his insightful articles and in-depth analyses, Reza is respected for his accuracy, integrity, and market understanding.
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