Gaming Strategy
Featured Stories
Legal News Financial News Casino Opening and Remodeling News Gaming Industry Executives Search News Subscribe
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Search Our Archive of Gaming Articles 

Australian to Shift Online Casino Offshore, to Vanuatu

28 May 2001

AUSTRALIA –– As reported by Australian Associated Press: ``Kerry Packer could be planning to shift his online gaming operations to Vanuatu to escape restrictive Australian legislation.

``The move would allow the Packer family company, Publishing and Broadcasting Limited (PBL), to bypass the Federal Government's proposed ban on Internet gambling, a newspaper report says.

``A Packer internet casino based on the small South Pacific island would also mean PBL would pay that country's 2.5 per cent tax on online gambling - one of the lowest in the world.

"…There has been no final decision but that is certainly most likely destination," a senior PBL executive said.

``A Packer-owned internet casino is expected to earn AUS$50 million in its first year…"

< Gaming News