Sport is made for betting

A poorly-kept secret which has been doing the rounds but as I knew one of the shareholders, I couldn't comment on it until it became public. UniTAB have stepped into the corporate bookmaking world by buying out Terry Lillis' CentreRacing business, effective Dec 1. No surprise considering TABCorp now have their own in Luxbet, but UniTAB are more likely to run it as a business rather than a loss-leading sabotage unit designed to bring down the oppostion like Luxbet. With UniTAB highly likely to snap up more states to join their pools, it looks like their business is going forward, while TABCorp are still in dreamland...

What's the reasoning behind this I wonder? RWWA Media Release Racing and Wagering Western Australia (RWWA) has today been advised of Tabcorp's intention to end the pooling agreement and the fixed odds agreement with RWWA by mid 2009. It is understood all participants in Tabcorp's pooling and fixed odds arrangements have received similar notification. RWWA and Tabcorp have operated a successful pooling agreement since 1991 and RWWA has been an integral member of the national fixed odds arrangement since 2000. RWWA chief executive Richard Burt said Tabcorp's decision to end both agreements was a major surprise. "The decision is completely inconsistent with the business relationship between both parties," Mr Burt said. "RWWA has been working closely with Tabcorp in recent months on a number of key projects to improve and expand our product offering. "RWWA will immediately move to assess its options, one of which might be to renegotiate new agreements. ...