|In Australia, the Government of New South Wales has refused an approach by from Two Way Ltd seeking in-principle support for a proposed pay television betting service to be offered with Tabcorp and Foxtel.|
Two Way develops advanced interactive media and gambling applications that can be deployed over television and Internet or through mobile devives. It said that Graham West, the State’s Minister for Gaming and Racing, had declined to give support and preferred to wait on the outcome of the New South Wales’ review of betting.
'The Minister states that he is not prepared to give in-principle support to the proposed service in the current circumstances,' said Ben Reichel, Chief Executive for Two Way.
'We were only told last night, so it has been really disappointing for us. Our service is really an extension of the existing wagering offer in New South Wales and people can already bet by phone and Internet. We didn't see why there is any fundamental issue with what we were proposing.'
The Minister will now wait for the outcome of a review of New South Wales wagering regulations announced in November that will encompass considerations of advances in technology. The Government will look into exchanges as well as fixed-odds betting, bookmakers and sports betting following racing industry concerns over new forms of betting after online betting exchanges such as Betfair and Centrebet were allowed to operate in New South Wales.
'It will make some recommendations in its report, which is due mid-2008, and in the meantime we are pushing ahead with Victoria,' said Reichel.
'We are hoping to launch the service there and we have had support from the Victorian racing industry and we are looking to launch in Victoria first if we can.'