wizard15

You couldn't make it up! Serves the greedy feckers right.

Betfair issues court proceedings against Racing NSW and Harness Racing NSW

Betfair today issued proceedings in the Federal Court of Australia challenging the validity of decisions by Racing NSW (RNSW) and Harness Racing NSW (HRNSW) to impose a 1.5% 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.

Betfair’s Director, Corporate and Business Affairs, Andrew Twaits, said: “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% of our gross revenue but less than 10% 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.”

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The greater the obstacle, the more glory in overcoming it

Pierre LP

Thats amusing

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Ad perpetuatatum in luto, altitudo solum varia est

riccardo

Jeez, don't they know how much it costs Racing NSW to bring the punter's dollar to the table?

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"My ASS, No blame!"

Feck N. Eejit

I don't think betfair realise how lucky they got in Britain. If Saville and the bookmakers had been on the ball the levy would never have been based on gross profits. It's to betfair's credit that, a few years ago, they managed to get the OFT to issue a warning that they would not tolerate any levy agreement that discriminated against exchanges (e.g. a turnover levy).

terrapin

Spelling anybody ?

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" Christmas is forced upon a reluctant and disgusted nation by the shopkeepers and the press ; on it's own merits it would wither and shrivel in the fiery breath of universal hatred. "

GBS

bowler

Post on BF General this morning (paraphrased)

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I went into a casino last night, had a great time and won £100. As I left the casino, management came up to me and said, pay me back £20 as you won too much. Put a sour taste in the mouth

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thread has been removed and the poster banned - SHAME ON YOU BETFAIR!!!

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What a surprise
They march off to war
Nothing to give
And nothing to score
It seems so dear
The final demand
Waterloo teeth from the ghost of a man

riccardo

I was going to post that it's surprising I haven't been banned yet... although I haven't actually tried to post for a few days, so maybe I have been!

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"My ASS, No blame!"

each-way_spiv

Even Gamble's banned these days.

ANyone know when Betdaq's forum is up and running?

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They give the sick man joy, and praise

The Gout that will prolong his days.

Jonathon Swift

riccardo

Blimey...he wrote something plain enough to get a ban?

Yesterday. And the day before. And definitely by the end of last week...

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"My ASS, No blame!"

Maradona

8/11 Scansion police
5/2 Non sequitur investigations dept.
8/1 Unfathomable allusion ASBO
20/1 bar

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ambiguas in vulgum spargere voces

riccardo

I'm dutching "Unfathomable Allusion" and the field... I reckon "Rascally Rhyme" has the pedigree to cause an upset

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"My ASS, No blame!"