Betfair given cold shoulder by Australian Racing authority
By paul
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.

Online Casino provides online gamblers with information on online casino gambling, sports betting tips, wining casino tips, internet casino reviews, sports odds, matchups, results, editorial and much, much more… We also have an industry insider’s section including Internet gaming press releases, a calendar of events and gaming industry news.
Bluff Europe: Europe's leading Poker Magazine brings you the latest Poker News, Player Interviews and all the best Online Poker offers Poker in the Park: Europe's largest Poker Festival.