Wednesday, September 17, 2008Contact: Nicholas Tzaferis, Tabcorp
03 9868 2529
Australian tote launches Internet bookmaking site

Australia’s gambling and entertainment operator Tabcorp announced today the launch of a new bookmaking betting website, LUXBET.COM, which would be licensed in the Northern Territories.

Tabcorp specifies in its press statement that LUXBET.COM intends also to offer products that Tabcorp has previously been unable to offer because of regulatory restrictions, such as betting on elections, entertainment events and fixed odds betting up to the jump on all races.

The operator says that, in addition to a product and race fields fees set by the racing industry, it would pay a discretionary payment to each of the NSW and Victorian racing industries of 12.5% of profits from LUXBET.COM.