The Tele is running ads denouncing foreign-owned bookies – which is actually Nationwide News’ growth strategy.
s advertisements for the Aussie Fair Play Coalition are a triumph of self-interest – a triple somersault with a twist.The Fair Play “coalition” – which is actually a $2 subsidiary of Tabcorp, supported by the Australian Hotels Association whose members run TAB outlets – has launched a broad media campaign claiming that because foreign-owned bookies are taxed less, Sportsbet and Ladbrokes shipped half a billion dollars of profits out of Australia in 2020.
Not just that, on May 27 Nationwide News ponied up $2.9 million for a 33 per cent stake in an online betting venture called NTD, together with Tekkorp Holdings of Las Vegas and Matt Tripp’s TGW.for PointsBet’s Australian bookmaking operations.for wanting a Sydney casino licence, suggesting it was improper for media companies to be involved in gambling.
So, apart from any little frisson News may experience in running ads against foreign-owned betting companies that avoid tax, consider its new partners’ feelings when they probably expect the News dailies to be full of the very opposite message. For Tripp, it’s a quinella, which could help him exercise his options and performance rights deals, which are dependent on him negotiating a strategic or transformational deal.joined the board on February 8. While it’s not unusual for corporate lawyers to join a board, choosing a libel lawyer might send its own message about how directors see the future.
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