“Internet Betting Exchanges Benefit Some But Not Others”

Having agreed to allow the licensing of internet betting exchanges, the Tasmanian government has made some people in the industry very happy. Others, however, see the move as a quite destructive one.

A meeting last Monday between James Packer – the executive chairman of Australian company Publishing and Broadcasting Limited (PBC) – and the Tasmanian government has yielded a controversial agreement. The licensing of internet betting exchanges will now be allowed, and one of the first to exploit this decision by obtaining a license to operate in Tasmania is the British agency Betfair.

This is terrible news for Tasmania’s racing industry, according to Sue Napier, spokesperson for opposition racing. According to Napier, “the Australian racing industry will cut loose the Tasmanian racing industry.” She holds the Tasmanian government’s decision to allow the licensing of internet betting exchanges accountable for this potential disaster.