Point Of Consumption Tax nightmare knocks again on Crown Resorts’ door

27 Feb 2018

Crown ResortsCrown Resorts is bound to take a huge hit in the regions of South Australia, Western Australia, and Queensland due to the Point Of Consumption Tax (POCT). Betfair Australasia, Crown Resorts subsidiary, is set to be negatively affected by this new tax, along with several other properties owned by the group.

As a way of forcing the government to revoke this new form of tax revenue, Crown Resorts have tried to shift the government’s focus on how Betfair will have to up consumer price to try to balance their revenue. This will inevitably lead to many bettors bidding the bookie farewell and taking their money to other, more lucrative competitors, some of them often operating illegally. The subsequent leakage for the government implied by Betfair although considered borderline blackmail, may hold valid ground.

While Crown Resorts are playing the “You forced me to do it” card, they government fails to realize that the Tax will probably impact the purchasing power of a large number of consumers. It's simple market knowledge that whenever a company tries to balance their budget they end up laying off employees and increasing prices. Less consumers mean less taxes, especially in the form of VAT, meaning that the Australian Government should excercise extreme caution with their next moves.

About Crown Resorts

Crown Resorts constitutes Australia's leading gaming and entertainment group with two large subsidiaries, Crown Melbourne and Crown Perth. Τhe tourism and entertainment group does not limit its activities in Australia, as it also owns another large entertainment complex, Crown Aspinalls in London. The group has future projects of equal size coming up such as Crown Sydney, Alon Las Vegas, Proposed Queensbridge Hotel Tower in various parts of the globe.

Join and grab exclusive bonuses, daily offers and free bets!

Lay hands on exclusive daily bonuses for members only. These promos are limited and are not advertised on the website.

Yes, I have read the Terms & Conditions and I consent to receiving emails from Bookmakers.bet regarding betting promotions, betting guides and news.

BOOK SPY

Swedish online gambling operator Betsson initiates an expansion in Mexico which will be facilitated in partnership with Big Bola casinos. This will la...

Read more »

The renowned bookmaker Parimatch, has announced the creation of a new supervisory board with CEO Sergey Portnov leaving his post and becoming chairman...

Read more »

The United Kingdom Gambling Commission expects that a new inserted three-year programme will be the beginning of a better and more regulated market, w...

Read more »

The leading sports betting company Entain, extends the amount of international regulated markets in which it operates by 30% during the past year, by ...

Read more »

Online betting operator 888sport, has come to terms with League of Ireland Premier Division football club Shamrock Rovers regarding a new sponsorship ...

Read more »

Premier League team owners arranged a meeting on March 25 to discuss potential partnerships between their clubs and bookmakers. The main goal of the m...

Read more »

The Danish gambling regulator, Spillemyndigheden, has gotten approval from the City Court to block an extensive list of betting sites. Specifically, i...

Read more »

The official sponsor of Juventus, Parimatch, has launched a new video as part of its cross-marketing campaign. The video will feature Juventus famous ...

Read more »

The chief executive of the UKGC, Neil McArthur, announced that he has resigned from his position. His 15 year tenure came to an end with immediate eff...

Read more »

The renowned bookmaker Betsson announced that it has been licensed by the Regional Council of Darmstadt to launch its sportsbook in the German market....

Read more »

LIST OF TOP BOOKMAKERS
22bet
  • 1.000+ live events daily
  • 95% payout on top leagues
  • Cashout
100% up to €122
888sport
  • 10.000 live events per month
  • 40+ sports
  • Bet Builder
  • Code:30FB
€30 Free Bets
1xBet
  • 1.000 live matches daily
  • Asian Handicap
  • 50+ sports
  • Code:BOOKSPY
100% up to €130
Bwin
  • 50+ sports
  • Cards & Corners
  • Edit my bet
High Odds
Mr Play Sports
  • 10.000 pre-match events per month
  • 35+ sports
  • 140+ extra bets
High Odds
20Bet
  • More than 1,000 live events/day
  • 150+ markets in football
  • 40,000+ events/month
100% up to €100
Rabona
  • 20.000+ live events per month
  • 95%+ on Top 5 leagues and NBA
  • Alternative handicaps on basketball
100% up to €100
SlotsNBets
  • 94% payout in top football leagues
  • Competitive in-play odds
  • Multiple tennis events
  • Code:bookmakers
120% up to €100
CyberBet
  • More than 15 sports
  • Alternative handicaps in basketball
  • 30+ live tennis markets
  • Code:BOOKMAKERSBET
100% up to $250
Bet365
  • Ideal for football lovers
  • 150+ extra bets on top leagues
  • Multiple Asian handicap markets
€25 Bet Credits
Rolletto
  • 95%+ on tennis
  • Alternative spreads on basketball
  • Asian View
120% up to €240
Unibet
  • 250.000+ pre-match events/year
  • 10.000+ live events monthly
  • 96%+ on Asian Handicaps
€25 Welcome Bonus
Zodiacbet
  • 30+ sports
  • Asian Handicaps
  • Card and Corner bets
  • Code:ZB100S
100% up to €100
Betfair
  • The largest and the most reliable betting exchange in the world
  • You can trade your bets
  • Wide range of markets
  • Code:ZSKABS
100% up to €20
Betinia
  • MGA license
  • 10,000+ events monthly
  • Asian Handicaps
100% up to €100
LATEST BOOKMAKER PROMOTIONS