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Tabcorp Launches Merged Pools, Powered by Nasdaq’s Longitude Technology

George Miller

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Tabcorp Launches Merged Pools, Powered by Nasdaq’s Longitude Technology
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New Trio bet type has been created within the Trifecta pool

 

Tabcorp Holdings Limited, Australia’s leading wagering operator, and Nasdaq announced Tabcorp has officially launched its new Trio betting type for pari-mutuel customers. Powered by Nasdaq’s Longitude merged pool technology, Trio allows customers to select three horses to finish first, second and third in any order.

The Longitude technology offers an enhancement to the tote betting system that allows multiple bet types to be merged into one pool. In this scenario – Trio merging with the Trifecta pool – allows customers to bet into pools with aggregated liquidity, allowing for greater dividend stability and confidence. Furthermore, this technology creates more certainty for customers of their potential returns by providing the ability to see approximate dividends on their Trifecta and Trio bets.

“We’re committed to bringing the best possible products to our customers and believe Trio will be loved by punters,” said Andy Wright, Executive General Manager of Wagering, TAB. “It’s the first of many exciting opportunities made possible by our merged pool technology and we look forward to unveiling more new bet types in the future.”

“In launching Trio with our merged pool technology, Tabcorp is providing its customers with an innovative betting type that makes efficient use of existing liquidity and greater transparency for the market,” said Scott Shechtman, Head of Longitude and New Markets, Nasdaq. “We look forward to supporting Tabcorp’s innovation as they continue to enhance the customer experience by creating new pari-mutuel betting products over the coming years.”

Nasdaq’s world-leading market technology powers more than 250 of the world’s market infrastructure organizations and market participants, including broker-dealers, exchanges, clearinghouses, central securities depositories and regulators, in over 50 countries with end-to-end, mission-critical technology solutions.

 

About Tabcorp:
Tabcorp is a world-class diversified gambling entertainment group and top 50 ASX company with more than 5,000 employees. In December 2017 Tabcorp combined with Tatts Group. Tabcorp now operates the brands TAB, Tatts, NSW Lotteries, Golden Casket, SA Lotteries, Keno, MAX, Sky Racing and Sky Sports Radio – familiar names which ignite passion and excitement in millions of Australians. www.tabcorp.com.au

About Nasdaq:
Nasdaq (Nasdaq: NDAQ) is a leading global provider of trading, clearing, exchange technology, listing, information and public company services. Through its diverse portfolio of solutions, Nasdaq enables customers to plan, optimize and execute their business vision with confidence, using proven technologies that provide transparency and insight for navigating today’s global capital markets. As the creator of the world’s first electronic stock market, its technology powers more than 100 marketplaces in 50 countries, and 1 in 10 of the world’s securities transactions. Nasdaq is home to approximately 4,000 total listings with a market value of approximately $15 trillion. To learn more, visit: http://business.nasdaq.com.

George Miller started his career in content marketing and has started working as an Editor/Content Manager for our company in 2016. George has acquired many experiences when it comes to interviews and newsworthy content becoming Head of Content in 2017. He is responsible for the news being shared on multiple websites that are part of the European Gaming Media Network.

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Australia

Western Australia Government Passes TAB Bill 2019

Niji Narayan

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Western Australia Government Passes TAB Bill 2019
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The Western Australian Government has passed TAB Bill 2019, which proposes a new framework to negotiate the sale of the TAB. The passage of bill is expected to boost the Western Australian racing industry.

The TAB Bill 2019, which will be subject to Royal Assent,  will trigger a competitive sale process, with an aim of selling the business in 2020. Following the approval of the legislation, the TAB sale process will now move into the transaction phase.

“The passing of the bill means there is now the appropriate legislative framework to negotiate the sale of the TAB and support the Western Australian racing industry, ending years of uncertainty,” the RWA said in a statement.

“Since 2003, RWA has operated the TAB with the goal of maximising returns to the racing industry, the transaction phase aims to continue this commitment by selecting a suitably qualified and capable wagering operator through an open market process.”

The legislative framework outlines a number of new amendments to the Betting Control Act 1954 which will see the introduction of a new licensing system that will replace the current TAB system.

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Australia

No more paper, Victorian Commission for Gambling and Liquor Regulation moving to digital

George Miller

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No more paper, Victorian Commission for Gambling and Liquor Regulation moving to digital
Photo Source: vcglr.vic.gov.au
Reading Time: 2 minutes

 

The Victorian Commission for Gambling and Liquor Regulation (VCGLR) is making it easier for licensees to renew their liquor licence and save trees along the way.

Each year the VCGLR sends out over 23,000 renewal notices and liquor licences. This year, licensees can receive their 2020 renewal notice and liquor licence via email by registering a Liquor Portal account.

Once registration is complete, licensees can expect to receive their renewal notice via email from late November.

Licensees registered for the Liquor Portal will receive their liquor licence within five working days of payment – ready to print and display at licensed premises. Once registered, critical information and updates will be sent by email.

Registration to the Liquor Portal is as easy as 1, 2, 3
To register an account, you’ll need your liquor licence number and individual PIN. Licensees will soon be receiving a letter with this information included. Otherwise, this can be found on your last renewal notice or by emailing contact@vcglr.vic.gov.au.

Step 1: Create an account, see: VCGLR Liquor Portal.
Step 2: Associate your licence or permit using your licence number and individual four-digit PIN.
Step 3: Click eLicence and add the email you want your renewal notice and liquor licence sent to (this can differ from the email address used to create your Liquor Portal account).

Licensees who have already created a Liquor Portal account will need to check they have completed step three to receive their documents via email.

Benefits of a Liquor Portal account

  • print a copy of your liquor licence at any time
  • download your renewal notice at any time
  • download your venue’s red line plan
  • apply to add, replace or remove the Nominee associated with your liquor licence or permit
  • apply to add, replace or remove the Director(s) associated with your liquor licence or permit
  • apply to transfer a liquor licence or BYO permit
  • apply for a Restaurant and Café liquor licence
  • check the status of an application.

 

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Australia

Fortress to Open esports Venue in Melbourne

Niji Narayan

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Fortress to Open esports Venue in Melbourne
Photo Source: variety.com
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Australian venue company Fortress Esports has confirmed its plans for a gaming and esports entertainment area in Melbourne.

The venue is set to be located at the Emporium Melbourne shopping complex, with more than 2700 square meters area across two floors. There are also plans to include 160 gaming PCs, streaming areas and RPG spaces.

“Melbourne has become the epicenter for video gaming and esports culture, with major events like MEO and PAX Australia,” John Satterley, chief executive of Fortress Esports said.

“We’re excited to be opening our first flagship venue in Melbourne, and offer Australians a video gaming entertainment space that they can enjoy all year round. We want to make Fortress Melbourne the ultimate ‘home away from home’ for everyone from casual gamers, competitive gamers, and esports fanatics, to families and after-work crowds.”

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