Betfair
Wins Australian License
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…"
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