Betting exchange Betfair says it's 'business as usual' following its defeat in the High Court 'turnover' case. In a statement, Betfair says: '...The High Court's ruling means that it is now six-times more expensive for Betfair to offer New South Wales racing than any other state in Australia...While we are obviously disappointed with the decision, it is crucial our customers understand that it is very much 'business as usual' at Betfair and that we remain committed to Australia and our customers
Betting exchange Betfair says it's 'business as usual' following its defeat in the High Court 'turnover' case. In a statement, Betfair says: '...The High Court's ruling means that it is now six-times more expensive for Betfair to offer New South Wales racing than any other state in Australia...While we are obviously disappointed with the decision, it is crucial our customers understand that it is very much 'business as usual' at Betfair and that we remain committed to Australia and our customers. Of course, we will be reviewing the commercial options available to us in order to best respond to the judgment and we will keep you informed of any action that we take.'
So, what does that really mean? Can Betfair just drop NSW racing from its coverage? It's possible, though many say unlikely. But it looks like something's in the pipeline. A 'review' of commercial options offers many possible outcomes.