(Updates with further details and background from paragraph 3 onwards)
Aug 23 (Reuters) - Australian wagering business Tabcorp (TAH) has been forced to pay a fine of A$4.3 million ($2.89 million) over repeated breaches of gambling harm prevention laws between 2020 and 2023, the Victorian Gambling and Casino Control Commission said on Friday.
Tabcorp will pay the fine after investigations by the commission showed several instances of non-compliance with regulatory obligations by the firm, coming at a time when Tabcorp has been advocating for a total ban on gambling advertisements.
The commission in a statement said that the A$1.31 billion ASX-listed business had breached gambling harm minimisation laws on nine occasions over the three years.
"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," said commission chair Fran Thorn.
Tabcorp did not immediately respond to a Reuters request for comments.
($1 = 1.4890 Australian dollars)
News: TAH UPDATE 1-Australia's Tabcorp fined over gambling regulation breaches in Victoria
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