Loggit

Roar Rookie

Joined March 2012

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As far I can see it the only thing the corps have added to the betting industry is to introduce the disgracefull betting system that are in the UK and Europe. What the Australian betting industry has created now is 5 betting firms controlling 85% of the fixed odds betting turnover and 4 of those firms are controlled and operated by overseas interests, and now that bet365 are about to enter the market place who are the biggest internet bookie on the planet, we will see the complete death of the local bookie. These corps are only interested in profit margins and the only industry that has benefitted from their introduction in the advertising industry. They have all position themselves in the NT where they take advantage of the lowest tax rates in the country, and even worse they have moved the bulk of their operation to the bigger states so the NT doesn’t even get the advantage of the employment they supposely create. They have turned the bookmaking industry into a sterile numbers game.
If NSW win the court case, yes Betfair will certainly suffer and may have to re-jigg their betting model for NSW racing, but don’t think the corps will suffer in any way what soever. Sportsbet made more than 50mill last year and could easily pay the extra as well as the other high profile corp firms.
Also let’s not get started on Sportsbet / iasbet and centrebets UK betting tactic’s of reducing bets to ludicrous small wagers for many punters and do we really feel they hand on any benefits they will receive to the punter, please spare me.

Racing NSW bleeding the racing industry

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Racing

2012