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Tabcorp's Luxbet NT bookie operation commenced in October 2008 signaling Tabcorp's desire to compete in the fast growing corporate bookie market and fill a gap in its fixed odds betting business where it did not currently have the full product offering. Wagering Managing Director Robert Nason said "Tabcorp is Australia’s leading gambling entertainment company and it is only natural for us to be represented in a market where there is significant commercial activity and growth".
Tabcorp claimed Luxbet offered products that Tabcorp was previously unable to offer because of regulatory restrictions (like betting on elections, entertainment events and fixed odds betting up to the jump on all races). Tabcorp also claimed Luxbet was market competitive in terms of the prices offered to customers and its preparedness to take on larger transactions.
In August2017 , Tabcorp announced it was undertaking a strategic review of Luxbet and that review determined that Luxbet was no longer aligned with the long-term strategic interests of Tabcorp. As a result, they announced they would be closing Luxbet from 8am Friday 22 December 2017.