Monday, 23 June 2014

Minimum Bets For Punters – Consultation Progress

Racing NSW last week continued the consultation process in respect of a Minimum Bet Limit requirement for bets placed on NSW races with Licensed Wagering Operators. The new condition will require the wagering operators to stand a horse to lose a minimum amount on a single fixed odds wager on NSW Thoroughbred races.
During the week of Monday 16th June to Friday, 20th June 2014, open consultation was undertaken with all licensed wagering operators and their representative bodies. Punters were also interviewed about the situation as it stands now and ideas exchanged re the introduction of the new requirement.
The wagering operators that were consulted included:
TABS:
• Tattsbet Limited as operators of Tattsbets Queensland, Northern Territory TAB, South Australian TAB & Tote Tasmania,
• ACT TAB Ltd - Canberra
• Tabcorp Holdings Pty Ltd as operators of TAB Limited NSW & TABCORP Wagering Victoria
• Racing and Wagering Western Australia (RWWA)
CORPORATE BOOKMAKERS:
• Sportsbet Pty Ltd,
• William Hill Pty Ltd as operators of Sportingbet , Centrebet & Tom Waterhouse NT
• Unibet Pty Ltd as operators of Betchoice
• Ladbrokes Digital Australia
• Hillside Pty Ltd as operators of Bet365
• Tabcorp Holdings Pty Ltd as operators of Luxbet
• Beteasy Pty Ltd
• Merlehan Bookmaking -TopSport
• Sportsbetting.com.au
• AWC - Australian Wagering Council - the representative body for its Corporate Bookmaker members
BETTING EXCHANGES:
• Betfair Australia Pty Ltd
BOOKMAKERS:
• ABA - Australian Bookmakers Association (on behalf of all licensed On-Course bookmakers who are members of their applicable State Co-operative or Association)
Racing NSW is considering the verbal submissions and ideas put forward in the consultation meetings by wagering operators and Punters. The consultation process is still ongoing and final confirmation of the minimum bet conditions will be published when all views and submissions have been considered by Racing NSW. All those that attended meetings have been invited to follow up with a written submission or additional ideas not canvassed in the meetings.
Any other interested parties who would like to make a submission or have their ideas considered should please make their submission in writing to - rf@racingnsw.com.au - by 5pm on Wednesday, 25 June 2014.


Source: http://www.racingnsw.com.au/default...isplay&id=15922