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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".

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Gambling News :

Betsoft Gaming In Deal With SuprNation - Betsoft Gaming’s latest content supply partnership will see its Slots3 collection launched on VoodooDreams.com, SuprNation’s primarily Swedish and Nordic focused online gaming operation.

Ladbrokes New SPonsor of The Hennessy Gold Cup - The longest sponsorship deal in the history of British horse racing has come to an end with Ladbrokes becoming the new sponsor of the race formerly known as The Hennessy Gold Cup for the next five years, Racing Post reports.

Ladbrokes Appoints Annemarie Durbin - Durbin, a qualified lawyer with over two decades of international banking experience, will also take up membership of the Audit, Remuneration, Social Responsibility and Nomination Committees with effect from March 1, 2017.

Olympus Slot Pays $210k Jackpot to USA Player - “I love slots, been playing a long time. I go to Vegas once a year. In between I play online. It’s so convenient. I play mostly Hold the Riches, Pyramid Plunder, Dollar Storm or Olympus. I’ve also started playing keno more.”

Divine Fortune SLot Launches - NetEnt has launched a new local jackpot title “Divine Fortune”, a five-reel, 3-row, twenty-fixed line video slot themed on ancient Greece and a world of mythical creatures, legendary riches, and golden coins.

BetatHome profit guidance for the 2016 financial year - bet-at-home.com AG has lifted its profit guidance for the 2016 financial year following what it terms a “supremely positive business development in the fourth quarter”.

Aussie Millions $1,150 buy-in No-limit Hold’em Accumulator Results - In the latest Aussie Millions event - the A$1,150 buy-in No-limit Hold’em Accumulator, local poker pro Bridges Roe prevailed against a field of 721 to claim the main prize of A$160,725, despite starting the final day at the bottom of the chip counts.

2 Huge Wins at Bovada Casino - Paul D. from Boston, MA, scored really big, earning $808,529.80 playing the Food Fight progressive jackpot slot on the Bovada online casino on a wager of $11.25. Unfortunately Bovada's press release does not give any further details.

China Internet Clean Up Campaigns - The advisory revealed that the current drive will run through to the end of March 2018, and that online gambling and other inappropriate or unacceptable content must be blocked because:

AOPA to campaign for poker to be left alone - The threat that amendments to the federal Australian Interactive Gaming Act aimed at stopping in-play action could spill over into an online poker ban has motivated Aussie players to form an action group in support of the game.

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