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BETFAIR INITIATES MORE AUSSIE LITIGATION
Australian racing media Thoroughbred News and Racing and Sports are reporting that betting exchange Betfair has issued proceedings in the Federal Court of Australia challenging the validity of decisions by Racing NSW and Harness Racing NSW to impose a 1.5 percent turnover fee for all wagering operators wishing to cover NSW thoroughbred and harness races.
The proceedings in the Federal Court are brought under section 92 of the Constitution, alleging discriminatory conduct in interstate trade and commerce.
Betfair succeeded in a separate section 92 action against the Western Australian government earlier this year .
Andrew Twaits, Betfair’s director, for corporate and business affairs and Australian CEO designate is quoted as saying: “We’re happy to pay a fee to the NSW racing industry on all our wagering revenue but the turnover fee imposed by Racing NSW and Harness Racing NSW is highly discriminatory.
“The fee equates to around 60 percent of our gross revenue but less than 10 percent of TAB’s revenue. Both RNSW and HRNSW are fully aware that it’s impossible for us to compete on those terms. They’ve left us with no option but to challenge the validity of their decisions.
“The only fair basis on which to charge for race fields is to implement a gross revenue model where every wagering operator pays at the same rate. That way, even if there is any transfer of customer expenditure from the TABs to other wagering operators, the NSW racing industry will continue to get the same proportion of revenue from every dollar spent by punters.”
Betfair has received approval from all three racing codes in NSW to publish their race fields. Betfair has said that any payments made to Racing NSW and Harness Racing NSW will be made under protest - pending the outcome of these proceedings.
Betfair is licensed as a wagering operator in Tasmania and is legally permitted to accept bets from customers throughout Australia. Betfair already pays taxes and product fees to Tasmania that equate to 35 percent of its gross revenue.
Gambling News :
Betradar Launches US Sports Betting Solutions -
With only a few weeks to go until the betting and gambling world descends on ICE in London, Betradar have today announced that they will be launching a comprehensive range of tools and services to any company that will be looking to provide sports betting in a post-PASPA United States.
Final 12 For MPNPT Morocco -
Sunday on the MPN Poker Tour Morocco will see several trophies awarded at the Mazagan Beach Resort, with the largest going to the Main Event champion along with a prize of MAD 400,000 (c.€35,400).
MPNPT Morocco Updates -
Leading the 104 combined survivors from both flights is still Said El-Yousfi with 272,000 chips; visit the MPN Poker Tour blog for an end-of-day recap and full chip counts.
MPN Poker Tour Morocco Day 1A -
The MPN Poker Tour has returned to Morocco this week (January 11-14), featuring the MAD 1.5 million guaranteed Main Event, accompanying side events, and the activities and parties for which this tour has now become known on two continents.
2018 MPN Poker Classic -
The MPN announces the return of The Classic tournament series this January. The series is back following its successful €350,000 guaranteed debut in 2017. This time €500,000 is guaranteed, along with a once in a lifetime trip to Monaco for the Classic Champion.
PDC and Sportradar Renew Deal -
Following this month’s hugely successful World Championship, the Professional Darts Corporation (PDC) and long-standing partners Sportradar have renewed their multi-faceted cooperation that will see the leader in sports data and content continuing in their role as official data
Poker Yaar Joins MPN -
Available through download, instant play and mobile, Pokeryaar.com is live with Omaha, Hold’em and Five-Card poker variants, alongside MPN’s Fish Party, the industry’s only progressive jackpot SNGs.
New MPN Poker Rooms Tower Torneos -
Impressed with Microgaming, having already integrated with the Quickfire platform to gain access to some of the industry’s best gaming content, Tower Torneos has extended the relationship with poker.<
NY Rangers vs. Devils on 12/21 -
When the Devils and Rangers hit the ice on Thursday (7 PM ET on MSG), so too will two of the league’s top netminders. After a slow start to the season, Henrik Lundqvist has returned to his form of old. Through 29 games, he’s posted a 2.59 goals against average, and a .920 save percentage.
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