The rulings have been made in the Federal Court today and it ended up as a split decision:
Sportsbet won the case against Racing NSW over race fields legislation, and specifically against a threshold which favours NSW betting operators.
Racing NSW defeated Betfair on the right to charge a turnover fee which, in Betfair's view, discriminates against low-margin operators such as betting exchanges.
The only statements in the press so far are the usual chest-beating 'this is obviously a decision in our favour' whether they won or not, so I'll wait until the smoke clears before writing an elongated rant about it.
Sportsbet won the case against Racing NSW over race fields legislation, and specifically against a threshold which favours NSW betting operators.
Racing NSW defeated Betfair on the right to charge a turnover fee which, in Betfair's view, discriminates against low-margin operators such as betting exchanges.
The only statements in the press so far are the usual chest-beating 'this is obviously a decision in our favour' whether they won or not, so I'll wait until the smoke clears before writing an elongated rant about it.
New reader here and new to Aus also after moving from Dubai a few weeks ago, my sins for marrying an Australian!
ReplyDeleteWould you be interested in swapping blog links? I run a trading blog at http://dubaitraderblog.com
ThanksNew reader here and new to Aus also after moving from Dubai a few weeks ago, my sins for marrying an Australian!
Would you be interested in swapping blog links? I run a trading blog at http://dubaitraderblog.com
Thanks