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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.
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
Danske Spil Bingo Moves to Microgaming -
The national lottery of Denmark, Danske Spil, is live on the Microgaming Bingo Network. Danske Spil, the Danish national lottery, is live on the Microgaming Bingo Network following a change to its licence conditions.
Quickfire live on Strendus -
Quickfire powered by Microgaming is extending its reach in the LatAm region with the signing of Strendus. Strendus is the online division of Logrand Entertainment Group. The group comprises several companies that operate gaming and entertainment establishments in Mexico, running 14 land-based casinos in total.
Quickfire content live on BetatHome -
Online gaming and sports betting company bet-at-home was founded in 1999. Today the company has 4.8 million registered customers around the world, offering sports betting, casino, live casino, Vegas games, poker and virtual sports.
Microgaming has donated £30,000 between four charities -
Gift of Giving provides Microgamingís customers the opportunity to vote for one of several charities in their region. In lieu of Christmas gifts, £30,000 is split equally between four global regions: Isle of Man, UK and Europe, Africa, and Rest of the World.
Entertainment Betting Odds: 90th Academy Awards -
The Shape of Water leads Sundayís 90th Academy Awards (8 PM ET, ABC) with 13 Oscar nominations, but when it comes to Best Picture, this highly-acclaimed film is a +140 second-favorite behind Three Billboards Outside Ebbing, Missouri at Ė115.
Fair Play Bets and QuickFire in Deal -
Fair Play Bets enjoys an unrivalled reputation for an outstanding player experience, with secure deposits and withdrawals, surprising casino bonuses and committed customer support. Fair Play Bets is licensed in UK, Malta and Curacao.
Cavaliers Aim to Take Down Wizards on 2/22/18 -
The Cleveland Cavaliers have looked like a different team since making their moves at the trade deadline. The Washington Wizards are up next for the Cavaliers, who will be at home after the All-Star break.
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