License Name
Victorian Wagering and Betting Licence
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Issuing Country/Region
Australia (Victoria)
Regulatory Body
Victorian Gambling and Casino Control Commission (VGCCC)
Types of Regulated Games
Wagering (pari-mutuel, fixed odds), betting on racing, betting on sports, other approved events, approved simulated racing games (“trackside”), betting exchange
Market Coverage
Local (Victoria)
Regulator's Reputation
Excellent
Legal Entity Requirements
Licence may only be issued to an approved legal entity; Tabcorp VIC Pty Ltd is the current licensee
Minimum Share Capital
Not found
Directors and Shareholders Requirements
Licence applicant and key persons are subject to probity, integrity, and fitness investigations under the Gambling Regulation Act 2003
Anti-Money Laundering (AML) Requirements
Licensee must comply with the Anti-Money Laundering and Counter-Terrorism Financing Act 2006 (Cth)
Data Protection Requirements
Licensee must adhere to Privacy Act 1988 (Cth) and Privacy and Data Protection Act 2014 (Vic)
Reporting Requirements
Licensee must comply with applicable reporting obligations under the Gambling Regulation Act and as directed by the VGCCC
Audit Requirements
Not found
Software Certification Requirements
Hardware, software, and equipment must be approved by the VGCCC and comply with relevant technical standards
RNG Certification
Not found
Payment System Requirements
Not found
Server Location Requirements
Licensee must maintain a physical place of business in Victoria during the term of the licence
Domain Name Requirements
Not found
Language Support Requirements
Not found
Currency Support Requirements
Not found
Legal Compliance Costs
Not found
Background Checks
Comprehensive probity and suitability checks are required for applicants and key persons
License Scope Restrictions
Exclusivity applies to wagering and betting on nominated categories except for exceptions made by the Minister
Jurisdictional Tax Compliance
Subject to state wagering taxes and product fees
Player Data Storage Requirements
Player data must be managed per Victorian and Australian privacy laws
Cross-Border Operations
Distribution may be expanded with VGCCC notification and must comply with Victorian law
License Application Transparency
Licence process includes public calls for expressions of interest
Regulatory Contact Point
VGCCC (contact details subject to section 4 below)
Compliance Officer Requirement
Not found
Local Partnership Requirements
Not found
Legal Dispute Resolution
Not found
License Transferability
Licence cannot be transferred, assigned, sub-licensed, novated, amended, or surrendered except as set out in the Act
Sub-Licensing Rules
Not permitted unless set out in the Gambling Regulation Act
License Cost
$600 million initial premium payment
Annual Fees
$30 million annual payment on each anniversary of the licence commencement
Income Taxes
Licensee is subject to standard corporate and wagering taxes in Victoria
Player Winnings Taxes
Not found
Financial Guarantees
Not found
Liquidity Requirements
Not found
Financial Reporting Requirements
Not found
Application Processing Time
Not found
Required Documents
Not found
Business Plan Requirements
Not found
Internal Policy Requirements
Responsible Gambling Code of Conduct must be adopted
Testing Requirements
Develop and submit systems for regulatory approval
Certification Requirements
All relevant equipment and software must be approved by the VGCCC
Staff Qualifications
Not found
Physical Office Requirements
Licensee must maintain a Victoria-based office during the term
Local Representative Requirements
Not found
Marketing Restrictions
Harm minimisation and advertising requirements apply in accordance with Victorian law
Responsible Gaming Measures
Responsible Gambling Code of Conduct required; VGCCC reserves right to issue harm minimisation directions
Self-Exclusion System
Not found
Age Verification Procedures
Licensee must have robust, risk-based ID and age verification controls; must verify player identity using reliable and independent documentation or electronic data
KYC Procedures
Comprehensive KYC procedures required under AML/CTF Act
Customer Support Standards
Not found
Complaint Handling Procedures
Not found
Player Funds Protection
Not found
Payout Timelines
Not found
Bonus and Promotion Regulations
Not found
Permitted Games List
Wagering, betting on racing, sports, and approved events, betting exchange, simulated racing
Betting Limits
Not found
RTP Requirements
Not found
Jackpot Regulations
Not found
Live Game Requirements
Not found
Mobile App Compliance
Not found
Affiliate Program Rules
Not found
Security Standards
Not found
Encryption Requirements
Not found
Backup Requirements
Not found
Monitoring Systems
Not found
Operation Logging
Not found
Anti-Fraud Systems
Not found
API Integration Standards
Not found
Hosting Requirements
Not found
CDN Usage
Not found
Scalability Requirements
Not found
Uptime Requirements
Not found
Technical Support Availability
Not found
License Duration
20 years (16 August 2024 to 15 August 2044)
Renewal Procedure
Not specified in available sources
Penalties for Non-Compliance
Offences may result in fines or licence cancellation as set out in the Gambling Regulation Act
Ownership Change Rules
Not found
Mergers and Acquisitions Rules
Not found
Subcontractor Regulations
Minister may require tripartite deeds with key contractors
Branding Requirements
Not found
Intellectual Property Protection
No IP rights conferred by the licence
Dispute Arbitration
Not found
Insurance Requirements
Not found
Charity Contributions
Not found
Staff Training Requirements
Licensee must train staff in compliance with operating procedures and Responsible Gambling Code of Conduct
Innovation Support
Not found
Sustainability Initiatives
Not found
Accessibility Standards
Not found
Multilingual Support
Not found
Cryptocurrency Support
Not found
Esports Betting Regulations
Not found
Fantasy Sports Regulations
Not found
Official Address
VGCCC, Level 3, 12 Shelley Street, Richmond VIC 3121, Australia
Postal Address
GPO Box 1988, Melbourne VIC 3001, Australia
Fax Number
Not found
Online Application Portal
Not found
Work Hours
Not found
Emergency Contact
Not found
Regional Offices
Not found
Technical Support
Not found
Media Contact
Not found
Facebook URL
https://www.facebook.com/VicGCCC
Twitter/X URL
https://x.com/vicgccc
YouTube URL
https://www.youtube.com/c/VGCCC/videos
Departments
Not found
FAQ Question 1
What is Victorian Wagering and Betting Licence?
FAQ Answer 1
The Victorian Wagering and Betting Licence is an exclusive 20-year licence issued by the VGCCC to authorise wagering and betting on racing, sports, and approved events in Victoria. It also covers simulated racing games and betting exchange operations
FAQ Question 2
Which jurisdiction issues Victorian Wagering and Betting Licence?
FAQ Answer 2
The Government of Victoria issues this licence through the Victorian Gambling and Casino Control Commission (VGCCC)
FAQ Question 3
What is the cost of obtaining Victorian Wagering and Betting Licence?
FAQ Answer 3
The licence has an upfront premium payment of $600 million and ongoing annual payments of $30 million throughout the 20-year term
FAQ Question 4
What are the main requirements for Victorian Wagering and Betting Licence?
FAQ Answer 4
Requirements include Victoria-based legal entity, comprehensive probity checks, responsible gambling compliance, payment of large premium fees, adherence to AML and privacy laws, licensing of key personnel, local office maintenance, and compliance with the Gambling Regulation Act 2003