12th April 2012, 09:25 PM
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Member
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Join Date: Jan 1970
Posts: 4,367
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Australian racing administrators either just don't understand the exchange concept or they want them out completely.
The TAB and bookies make money on turnover, exchanges make money on commission from winning bets.
Either way, I can adapt by utilising foreign markets more, but I think it's sad that in the end Australian racing will actually suffer rather than gain from a turnover tax.
If it weren't for an exchange, I certainly wouldn't be looking at GB, SAF, UAE, USA markets etc.
I'm quite sure that people from those countries wouldn't be looking at AUS racing either, except for maybe a handful of races each year.
So in the end, AUS racing will be the loser.
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