Betfair will Operate in Australia

Residents of Australia’s most populated territory – New South Wales – will soon be able to enjoy Betfair’s expanded operations (taking racecourse bets), as “the government is looking into allowing Betfair and other online betting agencies to operate and advertise in NSW”.

Being allowed to operate and advertise services in NSW, Betfair will pay the government a “product fee of 20% of the betting company’s gross revenue from NSW bettors”.

The only obstacle for Betfair has been Racing NSW which, according to the company’s opinion, may lead to the loss of millions by the government if the online betting exchange enters the market and bettors bet online on horse racing.

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About Mark Newman

Mark Newman - was born in 1971 in Pictou, a town located on the beautiful Northumberland Shore of Nova Scotia, Canada. In 1998 he graduated from Acadia University (Nova Scotia, Wolfville) with the Master’s degree in social studies. Mark simply adores his wife and sons. Considers poker to be one of the most exquisite kinds of art and rarely misses his chance of practicing.