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Turnover Based Fees For Australian Racing

03/30/2012 : AUSSIE COURT DECISION ON RACING FEES FOR BOOKIES APPLAUDED BY TABCORP
 
High Court ruling on NSW race fields fees will impose a turnover based fee on wagering operators.
 
The major Australian gambling group Tabcorp has welcomed the New South Wales Race Fields decisions handed down this week by the High Court, which ruled in favour of Racing NSW’s and Harness Racing NSW’s race fields fee conditions, imposing a turnover based fee on wagering operators that could impact online companies like Sportsbet and Betfair.
 
The High Court permitted Tabcorp to intervene in the Sportsbet proceedings and Tabcorp was not a party to the Betfair legal proceedings, but maintained an interest in the outcome of both proceedings.
 
The judgments will allow the racing industry to decide what price to set for its product and give it flexibility to determine the method by which that price is set.
 
“Australia’s thoroughbred, greyhound and harness racing industries are significant employers and part of Australian culture. It is important that racing is able to charge a fee for its product that allows it to continue to be successful,” said Tabcorp chief executive officer David Attenborough.
 
“The overwhelming view of the Australian racing industry and those interested in its long-term future is that the NSW Race Fields regime should be maintained.”
 
Tabcorp is currently reviewing the full judgments, which will be available at www.austlii.edu.au.



Gambling News :

Michael Myers is back in Halloween Slot Machine - Get ready for a blood-curdling adventure with Microgaming’s latest offering – Halloween Follow Annie, Lynda, Doctor Loomis, and our heroine Laurie as they try to survive the ultimate horror movie villain, Michael Myers.

Joe Fortune new Rewards Program - Once you sign up, you’re automatically enrolled in the rewards program – and that’s when the epic journey begins. You’ll start earning Adventure Miles immediately, and can embark on the quest of a lifetime: To get paid to play, which stays true to the rewards program’s slogan, ‘Play More Get More’.

Day 1a MPN Poker Tour Tallinn Main Event - Day 1a brought 106 entries into the €550 Main Event, with nearly as many players turning out for the last €35 super satellite into tomorrow’s Day 1b

NHL Odds: Toronto Maple Leafs vs. Washington Capitals on Tuesday - Auston Matthews and the Toronto Maple Leafs touch down in DC this Tuesday (7 PM ET on TSN) as one of the hottest teams in the NHL. They've tallied a ridiculous 26 goals through only five games played; that's more than five goals scored per game on average. They'll be up against an equally potent Washington Capitals team.

Pro League Reveals Sportradar Contract Details - The partnership between the PLC and Sportradar aims to provide a high-quality level of service to all Arabian Gulf League stakeholders in addition to making verified official data about players performances available to coaching and scouting staff and supplying match information to media outlets.

NFL Odds: Steelers Visit Undefeated Chiefs #TNF - The Kansas City Chiefs (5-0 SU and ATS) have been flawless as an NFL pick thus far. Their chances of remaining undefeated in Week 6 look good; after opening at –4.5, Kansas City is a 5-point home chalk for Sunday’s game against the Pittsburgh Steelers (3-2 SU, 2-3 ATS), beginning at 4:25 PM ET on CBS.

Mega Moolah strikes again - The jackpot was hit on a mobile device on Sunday 1 October 2017 by a UK player on Betway, this time awarding a £1,448,116.31 pay day.

2 New Slots For Microgaming Casinos - David Reynolds, Games Publisher at Microgaming, comments: “On top of our branded title game Halloween, we’re delivering two more slots this October, each bringing exciting features and a different theme.

MLS Odds: Red Bulls vs. Whitecaps - The New York Red Bulls (12W, 12L, 7T) haven’t won a match since August 15, but they’re –165 favorites this Saturday against the visiting Vancouver Whitecaps (15W, 10L, 6T), beginning at 5 PM ET. Vancouver is a +475 underdog with the draw priced at +285.

Velka Pardubicka On RacingUK - Felix de Giles flies the British flag in Sunday’s Velka Pardubicka

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