30th of March 2012 Author: Johnny Karp
A turnover based fee on wagering operators to be imposed thanks to the decision
The Aussie High Court this week passed the New South Wales Race Fields decisions, ruling in favor of Racing NSW's and Harness Racing NSW's race fields fee conditions, and imposing a turnover based fee on wagering operators that could impact online companies like Sportsbet and Betfair.
The move was, of course, applauded by Tabcorp, which was allowed by the High Court to intervene in the Sportsbet proceedings.
In addition, it has been noted that the rulings will allow the racing industry to set the price for its product and give it flexibility to determine the method by which that price is set.
According to Tabcorp CEO David Attenborough, 'Australia's thoroughbred, greyhound and harness racing industries are significant employers and part of Australian culture. It is important that racing is able to charge a fee for its product that allows it to continue to be successful.
'The overwhelming view of the Australian racing industry and those interested in its long-term future is that the NSW Race Fields regime should be maintained.'
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