Packers Betfair gets fair bet

Betfair is set to become Australia’s first betting exchange. Next month the firm plans to begin operating down under after being issued with the country is first such license.

The Tasmanian Gaming Commission has issued a licence with betting exchange endorsement to Betfair Pty Limited which is a 50/50 joint venture between the UK based gambling exchange and the Packer family’s Publishing and Broadcasting Limited.

The approval has caused much controversy in Australia with the premier Paul Lennon last week being accused of accepting thousands of dollars in free hospitality from the Packer family’s luxury Crown Casino only days before signing the $700 million Betfair contract

Editor, - 2006-01-16 17:12:37

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