Gaming Strategy
Featured Stories
Legal News Financial News Casino Opening and Remodeling News Gaming Industry Executives Search News Subscribe
Newsletter Signup
Stay informed with the
NEW Casino City Times newsletter!
Related Links
Search Our Archive of Gaming Articles 

Betfair Wins Australian License

16 January 2006

AUSTRALIA – As reported by the Australia Age: "Australia's first internet betting exchange will open for business next month but much of the racing industry is already betting it will lose.

"Betfair - a wagering facility that allows members to back losers - was granted a licence on Monday by the Tasmanian Gaming Commission.

"The announcement follows state government approval in November for the joint venture between UK-based Betfair and the Packer family's Publishing and Broadcasting Limited (PBL).

"PBL executive chairman James Packer said in a statement the licence was a significant step forward for the wagering industry…"

< Gaming News