Tabcorp heads Dow Jones responsible gambling list

Tabcorp heads Dow Jones responsible gambling list

Thursday, September 10, 2015 Totally Gaming
David Attenborough said Tabcorp is committed to social responsibility

Tabcorp has reaffirmed its commitment to responsible gambling in Australia after again being named as the global industry’s leader in the Dow Jones Sustainability Index (DJSI).

The operator has now been ranked as the No.1 gambling operator in the annual poll that assesses the performance of the world’s leading publicly listed companies on economic, environmental and social criteria in 10 of the past 11 years.

Chief executive David Attenborough said that the announcement came at an appropriate moment with the announcement this week of a review of Australia’s online gambling laws, in which the effect of unregulated offshore operators will be considered.

Attenborough said: “Tabcorp has, over a long period, demonstrated its commitment to responsible gambling and sustainable business practices.

“This is particularly timely recognition, with the Federal Government this week announcing a review into the impact of illegal offshore wagering. Tabcorp has welcomed this review as we believe regulations need to be tightened in respect to unlicensed offshore operators.

“Wagering operators should be licensed in Australia in order to be able to take bets from Australian residents, both to protect consumers and to ensure local racing industries remain viable.

“Tabcorp also continues to advocate for a consistent approach across the country to online gambling, with rules which are enforced.

“The practice of some wagering operators offering online in-play betting, in breach of the IGA, needs to be addressed. Differences in areas such as product availability, racing industry fees and taxation are also undermining racing and government funding.”

The DJSI ranks more than 1,000 companies in 17 different areas, which includes economic, social, and environmental factors. Other industry leaders included in the DJSI include vehicle manufacturer Volkswagen, financial group UBS and software company Fujitsu.

Tabcorp was awarded a 100-per-cent score in the ‘Promoting responsible gaming’ category, and the company also noted that it, in contrast to the offshore operators, generated Aus$459.6m (€289.7m/$324.3m) in taxes in the 2015 financial year and returned more than $770m to the Australian racing industry.

Attenborough said: “We take our role as a trusted gambling operator seriously and will continue to invest in responsible and sustainable practices that benefit our customers and the broader Australian community.”

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