11th April 2012, 08:51 PM
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Join Date: Jan 1970
Posts: 4,425
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Don't get me wrong, they are doomed as it stands currently.
As I understand it, and I could be wrong, they moved their operation to Malta because of turnover tax in GB, however, they cannot do that here. I understand that the whole reason for the Hobart operation was to be granted a licence. If they move offshore to negate the turnover tax, they cannot offer anything Australian under the Gaming Act.
That's my understanding of it, and I could be wrong.
Betfair have a number of options and those options are either not viable for Betfair, or not viable for clients.
I'm hoping one of the guru lawyers who gets the big bucks can pull a rabbit out of a hat and hey presto  |