12th April 2012, 01:54 AM
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Member
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Join Date: Jan 1970
Posts: 4,367
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After a little research, it's the Interactive Gambling Act that is the problem.
Here are some snipped passages which may provide a little more insight.
To operate on Australian race meetings, bookmakers and betting exchanges need to be licensed with the various state racing authorities. As well, betting on sport and sporting events needs licensing agreements with the sports.
Licensing agreements with racing bodies and sporting codes ensure the betting agencies pay a fee for the right to use the racefields and fixtures but also agree to co-operate fully with authorities if they become aware of any suspicious betting patterns or unauthorised sports people or officials placing bets.
a $60,000 fine every day an unlicensed agency bets on racefields
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