Betting exchange to switch to Northern Territory licensing, but will maintain presence in Tasmania
The Australian operation of online betting exchange Betfair, which has been a wholly owned subsidiary of local casino operator Crown Resorts since 2014, has announced that it is switching its licensing jurisdiction from Tasmania to the Northern Territory, but will maintain a physical presence in Tasmania, where it employs a staff of 50.
The Northern Territory Racing Commission oversight of the company will come into force on September 20, according to local media reports, which estimated that the change will cost Tasmania around A$3 million a year in tax and fee revenue.
The NT licensing is substantially cheaper at around A$800,000, the reports indicate.
Online Casino News Courtesy of Infopowa
Infopowa news was a staple of Casinomeister’s news from 2000 until 2019. Brian Cullingworth was the main writer, contributor, and was one of the most knowledgeable persons I have ever known involved in the online casino industry.
We first met in January 2001 at the ICE in London where I observed him going booth to booth interviewing online casino, software, and licensing jurisdiction representatives. Brian was also heavily involved with our forum as “Jetset“, he was involved as an informal consultant to eCOGRA, the OPA, and was a player advocate who assisted countless aggrieved players with his connections to industry folks. He also published “Casino Cautions” via Infopowa news for quite a number of years. These can be found in our news archives.
His passing in February 2019 was a dark day for us. He will be forever missed.
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