How badly will Betfair Australasia be affected by the High Court's rejection of its turnover appeal? CEO Giles Thompson is sticking to Betfair's script in saying that ''a gross revenue model is the fairest basis'' to tax wagering operators. But he admits: "A turnover fee will place extreme pressure on our ability to continue to offer our customers what we believe is the best product in the market,'' he said. Just what means will be spelled out in the weeks and months ahead - but any lesseni
How badly will Betfair Australasia be affected by the High Court's rejection of its turnover appeal? CEO Giles Thompson is sticking to Betfair's script in saying that ''a gross revenue model is the fairest basis'' to tax wagering operators. But he admits: "A turnover fee will place extreme pressure on our ability to continue to offer our customers what we believe is the best product in the market,'' he said. Just what means will be spelled out in the weeks and months ahead - but any lessening of Betfair's positive role in Australian racing betting will be a bad outcome.