BUSINESS

Paddy catches Aussie break; IGT casino signs affiliate deal and announces new casino slot

TAGs: IGT, Income Access, Paddy Power

paddy power aussieThe luck o’ the Oirish is alive and well down under after Paddy Power confirmed they’ve received a tax gain from the Aussies. The one-off gain of €26m (AU$36m) comes from the Australian Tax Office (ATO) and relates to Goods and Services Tax (GST) that was paid by Paddy Power’s Australian gambling industry subsidiaries. Sportsbet and IAS paid the tax between October 2005 and October 2009. The Federal Court in the country came to the ruling after favoring the Sportsbet and IAS interpretation of the relevant GST legislation. Half of the refund will be in the form of a cash refund later this year with the other half as a credit against Goods and Services Tax (GST) payable in future years. The ATO don’t intend to appeal.

IGT-powered Kerching Casino is the latest to enlist the services of Income Access for their affiliate program. As part of its launch the site is offering affiliates 50% revenue share commission for the first three months that they promote the casino. Affiliates will also benefit from regular commission from 35% to 50% of net gaming revenue. Julian Turner, Senior Product Manager of Interactive at IGT, rather cockily commented “We’re proud to launch our affiliate network through the Income Access network. We provide the best in internet gaming, and Income Access provides the best in affiliate network management.”

IGT is also wowing the female population of the world by releasing the sequel to the Sex And The City slot machine. The newest release, Sex And The City Big Diamonds Reel MultiPLAY slots, will appear in casinos worldwide and is likely to be a big hit with the ladies. “It’s hard to imagine a tougher act to follow than the original Sex And The City(TM) slot game, but with Sex And The City Big Diamonds!(TM), IGT clearly has another big winner,” said Robert Allen, corporate vice president of Casino Operations at Pinnacle Entertainment.

Enough with the self-appreciation guys. If it’s good the praise will come.

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