Tabcorp seeks tougher penalties for breaches of gambling law

Tabcorp has called for a civil-penalty regime for breaches of gambling law, with companies, directors and executives subject to fines, according to a submission to a government review on online gaming seen by The Australian.

The ASX-listed company has said that the Australian Federal Police’s recent failure to investigate three British firms offering in-play betting in Australia will mean that “potentially illegal ­activities will continue and possibly increase”.

Tabcorp’s submission to the O’Farrell review also proposes tough measures against offshore bookmakers ­offering bets on Australian sport and racing, including placing ­executives of these companies on immigration watchlists and banning­ banks from processing their payments. 

The newspaper said the submission may be published as early as Thursday.

It added that Tabcorp is also calling on fines for punters betting with unlicensed overseas bookmakers. “However, Tabcorp submits that a mechanism which imposes penalties on repeat ­offenders could have some merit,” it says.