Australian racing and wagering giant Tabcorp has been whacked with an AU$4.6 million (US$3.1 million) fine by the Victorian Gambling and Casino Control Commission (VGCCC) for several instances of non-compliance with its regulatory obligations.
The regulator said it has also directed Tabcorp to transform its operations, with Commission Chair Fran Thorn stating Tabcorp Wagering (Vic) Pty Ltd had repeatedly breached the Wagering and Betting Licence and Responsible Gambling Code of Conduct between August 2020 and February 2023.
“Tabcorp’s breaches reflect systemic operational deficiencies and non-compliance with the conditions of its licence, the consequences of which have included significant harm to a customer,” Thorn said.
