04 November 2005

Betfair: Tasmanian argy bargy

"Whilst another state, Tasmania, is likely to licence Betfair, we're not happy with that situation, of course; it's not something that we approve. We will not be licencing Betfair in Victoria. "
- Victorian Premier, Steve Bracks

'If [Betfair] wager on the Victorian product, they will be doing so illegally. And with a home base in Tasmania from which a prosecution can be launched.'"
- Racing Victoria chief executive Robert Nason

"Why don't we be clever for a change and look after the customers and issue about half a dozen exchange licences and give them a go? It's a winning formula for the punter and for everyone. It's here to stay, they can't beat it."
- Melbourne bookie MIchael Eskander

"...this issue is squarely about the integrity of racing - our capacity to run the sport in a way that the public has confidence in its integrity. It is an unshakeable fact that the presence of betting exchanges undermines this. The easy facility to make money out of horses losing is an undeniable temptation to cheat."
- Chairman of the Australian Racing Board Andrew Ramsden

"Kerry Packer's PBL rose 47¢ to $16.51 after news that the Tasmanian government has approved a deal to license the British online betting agency Betfair. The announcement ended eight months of speculation about the 50-50 joint venture between Betfair and PBL."
- Australian Financial Review

"I think the concept of being able to back horses to lose races has no place in Australian racing with the enormous prizemoney on offer for connections to win racing,"
- RV chief steward Des Gleeson

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