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CONTROVERSY OVER BETFAIR RENEWAL IN TASMANIA CONTINUES

10/12/09 - Befair's licensing renewals in the Australian state of Tasmania continue to generate heated debate as the international betting company's Australasian division negotiates its next kicensing period.

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Betfair's first licence was a groundbreaking Aussie state move back in 2006, an arrangement that is due to expire in April 2011, hence the negotiations now being negotiated.  The betting company is reportedly concerned it no longer has a "level playing field" following the government's recent decision to replace taxes for corporate bookmakers with a flat fee of $256 000 a year.
 
Last week Betfair's regional chief exec, Andrew Twaits, was reported as saying that the Tasmanian operations have still to grow, and the imposition of new tax burdens will have a significant impact on the company's business plans in the state which may cause it to look at alternative arrangements.
 
Twaits said the proposed flat fee contrasted with the 15 percent of gross revenue, plus GST, that his company paid as tax in the state under its present licensing agreement.
 
"In terms of total (Betfair) contribution to Tassie, it's at least $20 million in the past three-and-a-half years, including the product fee to industry and probably A$7 million to A$8 million in tax," he said.
 
Twaits told the Australian newspaper The Age that Betfair wanted legislative change to ensure it was treated equally with the online bookmakers Tasmania is hoping to lure from the Northern Territory.
 
"We are an online operation, just as the bookmakers are; we have a non-exclusive licence, just like the government is offering to the bookmakers - there is really no difference," he said. "They are direct competitors of ours. So I'm not sure why the tax should be any different."
 
Betfair's Hobart base in Tasmania employs 120 staff, the newspaper reported.
 
The government remained optimistic that the negotiations would be fruitful, however.
 
Treasurer Michael Aird told The Age that he was confident an agreement on a new post-2011 licence would be concluded by year's end.
 
"There's a bit of an exaggeration going on about Betfair leaving the state - all indications from Betfair are that they want to stay here," the politician said.
 
"We want to protect the jobs at Betfair, and we think they have provided a very good skill base in terms of data storage and transfer, and that they have been very good corporate citizens. I'm confident we will be able to get an agreement with them."
 
Despite initial widespread opposition to Betfair being licensed in Tasmania, its presence now has bipartisan support, The Age reports

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Gambling News :

Is Gibraltar Out of Luck in US Tax Challenge - Gibraltar's challenge to the UK 15 percent point-of-consumption tax on online gambling operator revenues has already failed in the UK High Court, and it looks as if it may be rejected by the European Court of Justice too.

Quickspin are now available in Denmark - #quickspin The roll-out strengthens the long-standing partnership between the supplier and the operator, with Quickspin games already available on Vera&John’s websites around the world.

UCypher Launches - Indian entertainment and media entrepreneur Ronnie Screwvala has announced the formation of UCypher, an eSports tournament in which ten teams will compete.

Extreme Live Gaming In deal With Betsson - Extreme Live Gaming, a subsidiary of the Novomatic Interactive group, has announced a live dealer product deal with the Betsson online gambling group, with an initial launch planned for Betsson.com, followed by other brands in the Swedish group's portfolio.

Expansion Mode For BoyleSports - The Bambury premises are situated in Kildare, Meath and Dublin and will be refurbished and rebranded after acquisition, with the total of 31 staff remaining in employment..

Safecharge Q4-2016 - Online e-cash processing firm Safecharge, where Playtech's Teddy Sagi is a majority shareholder, released a trading update on its Q4-2016 performance Thursday, flagging record transaction processing volumes and revenues.

ASA Most Controversial Ads of 2016 - Paddy Power's penchant for advertisements that cause a stir saw the betting company mentioned twice in the Top Ten most controversial adverts of 2016 released by the Advertising Standards Authority in the UK Thursday.

Yggdrasi To Enter Italian Gambling Market - Yggdrasil’s Italian offering will include the company's collection of in-game promotional tools, BOOST, improving gamification, and the social sharing tool, BRAG. The company’s mobile product will also be available on its HTML5 iSense 2 platform.

888sport is the latest to join sports betting integrity body ESSA - Major operator 888sport is the latest to join sports betting integrity body ESSA with the company adding its customer base and betting market platforms to ESSA’s global anti-fraud alert and reporting system.

First partypoker live event to be held in Russia - Partypoker’s new live tour will kick off in Russia on March 24, 2017 at Sochi Casino and Resort in association with Club Poker Management. Online Day 1’s will start on partypoker on March 12, 2017.

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