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SPORTSBET AND BETFAIR LOSE OUT IN NEW SOUTH WALES COURT RULING
03/30/2012 : SPORTSBET AND BETFAIR LOSE OUT IN NEW SOUTH WALES COURT RULING
High Court appeal on racing fees fails
Horseracing officials in New South Wales were jubilant Thursday when an appeal against the imposition of racing fees by internet bookies Sportsbet and Betfair failed.
The internet companies had objected to being taxed on the amount of money they turned over in New South Wales, arguing that instead they should be paying a percentage of their gross profits.
Racing New South Wales' chairman John Messara told media that the fee dispute had been a frustrating time for his industry.
"This High Court decision establishes that our sport is entitled to set and be paid a fee by those who use its product; a decision that will reverberate well beyond New South Wales," he said.
"After four years of uncertainty, the High Court's dismissal of the appeals by Sportsbet and Betfair unlocks the immediate and future funding that will flow directly to the people who work and invest in New South Wales racing, those that put on the show."
Matthew Tripp, the executive chairman of Sportsbet took a different view, telling reporters following the case: "For every dollar staked, the TAB takes more than twice as much from the punters as we do. Today's decision hands the TAB a competitive advantage but we're not daunted. We will continue to put the punter first."
The Minister for Racing in New South Wales, George Souris, said on ABC television: "I think this template legislation now, which has taken some eight years to finally come out through the High Court as a binding decision, is a template for the other states in the racing world but also other sporting codes and any other product that is used by corporate bookmakers, interstate bookmakers and betting exchanges that provide racing product or gambling product."
Betfair's regional chief, Giles Thompson, said that Betfair has arrangements with various sporting bodies for which it is happy to pay fees, but that the racing fee reduces the wagering competition in New South Wales.
"Long term, reduced competition is bad for punters no matter which way you look at it," he said.
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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