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BETFAIR CHALLENGES RAING N.S.W.

It looks as if the online betting exchange group Betfair could be heading to the Australian courts again - this time to challenge Racing New South Wales's decision to impose a 1.5 percent tax on its turnover, claiming this is discriminatory because turnover is much higher than revenue.
 
Instead, the betting exchange has offered to give it 20 percent of gross revenue - provided all other wagering operators are charged the same fee, reports The Australian newspaper.

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"Let me be very clear on this," Betfair Australia chief executive Andrew Twaits told the newspaper. "We have offered to pay the industry on gross revenue -- that is on the same basis as the TABs in NSW, Queensland and Victoria.
 
"Further, we think 20 percent is the right amount, and we'll pay at that rate if everyone else does the same. What we won't do is pay tax at a rate that's six times higher than our competitors.
 
"That's the recipe for us going out of business."
 
 Twaits went on to explain that Racing NSW has set the fees for TABs at just 9.37 percent of their gross revenue.
 
"If it sets its product fees at 20 percent of gross revenue for all wagering operators, we believe they would be likely to generate more than $10 million a year in extra product fees for the industry. While no one likes paying more tax, we've consistently said 20 percent is the right amount for race fields.
 
"We'll pay it if our competitors do the same."
 
Betfair is taking Racing NSW to court, with a hearing scheduled at the NSW Supreme Court on November 16, 2009.
 
Betfair's Australian chief said the total national gambling take was about $2.4 billion a year, of which NSW contributed about $740 million.
 
Betfair in Australia is half-owned by James Packer's Crown land gambling group, with the other half held by Betfair UK.
 
"It's all about protectionism," Twaits said. "Every racing authority in the state wants to protect their own patch. But the great threat to racing comes from other gambling products such as sports betting, casinos, poker machines and online poker - not from low-margin operators such as Betfair and other corporate bookmakers.
 
"Even if there is cannibalisation, it will make no difference to industry funding if all operators pay the same share of punter expenditure to the racing industry as a product fee."



Gambling News :

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

Mega Moolah Jackpot Hits on 9/27/2017 - Another millionaire made on Microgaming’s Mega Moolah; 5th largest Microgaming payout

Simon Jones is crowned the Greatest Poker Player in the Universe - A €10,000 leaderboard tracked player progress throughout the series to determine who the Greatest Poker Player in the Universe was. Professional poker player/sports psychology lecturer, Simon Jones, took the crown with a €5,000 cash bonus and trophy to prove it.

MLB Odds: Yankees Favored in AL Wild Card Game - After a strong regular season, the New York Yankees (91-71, –1.00 betting units) opened as –235 home favourites for Tuesday’s AL Wild Card Game against the Minnesota Twins (85-77, +11.48 units). First pitch is at 8 PM ET on ESPN.

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