Aussie Racing loses its bid to block Betfair
By staff
The Australian government has refused to grant the racing industry’s wish of a Betfair ban, as this week Communications minister Helen Coonan confirmed the Government would not stand in the way of Betfair’s quest to get state licenses.

The imminent signing of a wagering contract with one of the state or territory governments will set in train Betfair's 50-50 joint venture with Kerry Packer, a deal which is said to be worth a cool A$30 million.

They have received a positive response from all but two jurisdictions - South Australia and Western Australia.

Two of the company's key executives, Mark Davies and Ed Wray, moved to Sydney earlier this year from Betfair’s British bases in a bid to lobby for a licence. They have reportedly had a positive response from most of Australia. The first state or territory to license Betfair is likely to see the others follow suit.

Employment prospects is one of the reasons states are keen to get Betfair a licence.

 
 
 
 
 
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