Tabcorp Applaud High Court Race Fields Decision To Support Turnover Based Fees Model

Written By Friday 30th March 2012  

Tabcorp Applaud High Court Race Fields Decision To Support Turnover Based Fees Model

Tabcorp has welcomed the NSW Race Fields decisions handed down a short time ago by the High Court.

The High Court has today ruled in favour of Racing NSW’s and Harness Racing NSW ’s race fields fee conditions, which impose a turnover based fee on wagering operators.

The High Court permitted Tabcorp to intervene in the Sportsbet proceedings and Tabcorp was not a party to the Betfair legal proceedings. As Australia’s leading wagering operator, Tabcorp has maintained an interest in the outcome of both proceedings.

The judgments will allow the racing industry to decide what price to set for its product and give it flexibility to determine the method by which that price is set, which will enable it to continue to be viable and sustainable.

“Australia’s thoroughbred, greyhound and harness racing industries are significant employers and part of Australian culture. It is important that racing is able to charge a fee for its product that allows it to continue to be successful ,” said Tabcorp Chief Executive Officer David Attenborough.

“The overwhelming view of the Australian racing industry and those interested in its long-term future is that the NSW Race Fields regime should be maintained.”

Tabcorp is said to be currently reviewing the full judgments, before making further comment.

Sportsbet had unsuccessfully argued that rebates paid to Tabcorp by Racing NSW on race fields fees were “protectionist, discriminatory and unlawful”.

Kevin Pitstock Kevin Pitstock (10438 Articles)

Kevin is a second generation greyhound industry participant with over 40 years experience as a greyhound owner, breeder, trainer, syndicator, broker and journalist. Kevin founded Australian Racing Greyhound in 2007 and fulfils the role of Editor of ARG 's expanding team of journalists. Kevin brings a wealth of background knowledge and external experience to Australian Racing Greyhound, that coupled with his intimate knowledge of greyhound industry and a large and diverse range of industry contacts; brings a unique perspective and insight to Australian Greyhound Racing .



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