VGCCC Hits Tabcorp with Record Fine

VGCCC Hits Tabcorp with Record Fine

Company failed to comply with VGCCC directions

by - Friday, September 8th, 2023 9:31

VGCCC Fines
VGCCC Hits Tabcorp with Record Fine Tabcorp Wagering (VIC) Pty Ltd AU$1 million ($639,231 million/€597,274 million) for non-compliance with commission directions.

The fine relates to directions issued to Tabcorp during an investigation into the company’s system outage during the 2020 Spring Racing Carnival. As a result of the outage, Tabcorp’s betting system was unavailable for use for around 36 hours.

VGCCC Hits Tabcorp with Record Fine VGCCC Hits Tabcorp with Record Fine

According to the VGCCC, the regulator opted to fine Tabcorp a record amount due to the company’s conduct throughout the investigation.

Commission Chair Fran Thorn said of the fine:

“We will not tolerate licensees that are not forthcoming and cooperative when the Commission investigates. The Commission had to use its compulsory powers and issue directions because Tabcorp did not provide the information we required about the business continuity and disaster recovery capability of its systems. It is Tabcorp’s failure to comply with these directions that has led to the fine announced today.

“All entities we regulate — no matter how big or small — have an obligation to be open and honest with the Commission and responsive to its lawfully issued directions. We will not tolerate attempts to frustrate our investigations.”

VGCCC Hits Tabcorp with Record Fine
Ciaran McEneaney

Ciaran has been working within the Gambling Industry as a deep analyst since 2019. His deep knowledge and understanding of all the gambling regulations, and processes makes him a true asset, and an always valuable point of view for Gambling Industry News, allowing us to cover every topics from a brand new perspective.