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04/09/2012 :  AUSTRALIAN SPORTS BODIES WANT MORE CASH FROM BOOKIES
 
Recent High Court ruling on fees in horseracing creating wider ripples in sport
 
The High Court in Australia's recent decision that Racing NSW could claim fees from online bookmakers like Betfair and Sportsbet  is creating ripples in other sports that attract the punters, claims a report in the Sun Herald newspaper.
 
Quick to see commercial advantage in applying the ruling to their own sports, the Australian Football League (AFL) and Cricket Australia are reportedly investigating the possibilities of exploiting the court's verdict.
 
Tabcorp already pays the AFL upwards of $1 million a year to be its official bookmaker partner, and the Sun says that more than 20 other betting agencies pay 5 percent of their AFL-related profits into the league's coffers.
 
"A turnover model, as opposed to profits model, could significantly boost the league's bet-related income," the newspaper opines, noting that sports-mad Aussie punters gamble an estimated $500 million a year on AFL events.
 
If the racing turnover cut of 1.5 percent were applied, that would create a $7.5 million annual payment.
 
Betfair, one of the companies that took the failed action against Racing NSW, is a commercial partner of Cricket Australia.
 
Racing Victoria charges corporate bookies on a gross-profit basis for the rights to use its race fields, but said that the turnover method of calculation would add only $1 million to its annual $53 million earnings from race-fields fees.
 
State Racing Minister Denis Napthine said new legislation would be enacted to ensure the Victorian industry received fair returns from wagering entities.
 
"This decision provides much greater certainty to the racing industry, which is worth more than $2.5 billion to the Victorian economy and employs 70,000 people," Napthine told the Sun Herald.
 
Sportsbet and Betfair, who took the High Court action, and other corporate bookies are the big losers from the court ruling, the newspaper notes.
 
But Betfair chief executive Giles Thompson warned "...ultimately it is the punter who will pay for this lack of competition as it will impact on the variety, quality and value of betting on racing in NSW".



Gambling News :

NHL Odds: Forsberg Faces Elliott in Nashville - The last time the Nashville Predators played against the Calgary Flames, Calgary had a 4-1 lead five minutes into the second period. Nashville responded with four back-to-back goals, including a hat trick from centreman Filip Forsberg. Both teams went into overtime with five goals, and Calgary defenseman Mark Giordano (12 goals, 22 assists) scored the winning goal.

Sit & Go 2.0 launched online exclusively at Americas Cardroom - Get ready to cheer like a champion before the first flop is even dealt. The much-anticipated Sit & Go 2.0 is now launched online exclusively at Americas Cardroom and Sit & Go players are reaping the benefits of the next evolution of poker.

NBA Odds: Hawks, Wiz in Southeast Showdown - The Washington Wizards (42-27 SU, 36-32-1 ATS) can pretty much secure the Southeast Division title with a win Wednesday night over the Atlanta Hawks (37-32 SU, 31-38 ATS). Tip-off is at 8 PM ET on ESPN; the Wizards lead Atlanta by five games with less than a month remaining before the playoffs.

Mega Moolah progressive jackpot Hit Again - Microgaming’s Mega Moolah progressive jackpot slot has been hit yet again at just over €6.6 million!

NBA Odds: Clippers Try to Slow Down Bucks in LA - Milwaukee Bucks small forward Giannis Antetokounmpo and Los Angeles Clippers power forward Blake Griffin are two of the most talented and versatile forwards in the NBA. The two lead their teams into battle on Wednesday in Los Angeles.

NCAAB Odds: SMU Hosts Tulsa With AAC Title on the Line - There aren’t too many college basketball teams more profitable than the SMU Mustangs (25-4 SU, 18-5-1 ATS). They host the Tulsa Golden Hurricane (14-14 SU, 15-12 ATS) this Thursday night, tipping off at 8 PM ET on CBSSN.

NHL Odds: Canadiens Welcome Islanders Tonight - The Montreal Canadiens (32-20-8) welcome the New York Islanders (28-21-10) on Thursday (7:30 PM ET on SNE). After getting their first victory under new head coach Claude Julien, the Canadiens will look to build on that momentum against a red-hot Islanders team.

NHL Odds: Reeling Flyers Seek Relief in Pittsburgh - #nhl The Philadelphia Flyers have been a bit off since the holidays. They’ve won just eight games since the Christmas break, and now they’ve got a tough one coming up this Saturday night against the Pittsburgh Penguins.

Dollars to Donuts Slot Launch - Firstly, it's a classically styled, easy playing 3-reel with five pay lines featuring a traditional icon set of bars and sevens.

Secret Symbol Slot - RTG will soon release 'Secret Symbol', a 5 Reel Video Slot on 3/15/2017.

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