|Betfair, the UK-based exchange betting company, has been left out of talks with the Victoria betting authority to be held this week, despite the presence of online bookmaker Sportingbet.|
Racing Victoria chairman Graham Duff is to hold a meeting to negotiate how bookmakers can contribute to horse racing in the Australian province.
Sportingbet, the UK-based online bookmaker, will be represented at the meeting, but Duff said it is not a bookmaker. Duff makes the distinction that Betfair is an exchange, which according to him is classed as online interactive gambling. Duff also says there are issues with integrity that sets betting exchanges apart.
Betfair has consistently refuted similar allegations from the mainstream industry, and the company said in response that it reaffirms its “desire to pay a fair share to the Australian racing industry for what is clearly its product.”
Betfair director of communications, Mark Davies, said it was the company’s “stated objective globally to pay rights holders an equitable fee in line with other wagering operators.” Davies added that Betfair was banking the money it thinks should be paid to the Australian racing industry, backdated from February.