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Racing NSW legislation in trouble already

Surprise, surprise, the greed of Racing NSW is showing cracks already. Leading bookie Tom Waterhouse has taken them to court and so have numerous other bookies apparently. Other states are looking at counter-legislation (Racing NSW is now charging other state TABs for using NSW race fields, thus all the other states are fighting back to charge them for using theirs - it used to all be free under a "gentleman's agreement" which meant the small states weren't ridiculously priced out of it) but crucially, are looking at charging operators on gross profits - like any other business, which bookies are much more willing to agree to. Fees on turnover are long outdated and are more likely to be manipulated by transactions being taken off-ledger...

Bill Saunders pulls no punches analysing this week's events here

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